How was the response to the Data Patterns IPO on the last day of subscription which closed on 16th December?

The Rs.588.22 crore IPO of Data Patterns (India) was subscribed a whopping 119.62 times overall at the close of subscription on 16th December. Most of the demand came from the HNI segment followed by the QIB segment. Out of the 70.97 lakh shares on offer in the IPO, Data Patterns received bids for 8,489.86 lakh shares. This translates into an overall subscription of 119.62 times. Let us now turn to the category wise break-up.

Ahead of the IPO, Data Patterns had done an anchor placement of 30.17 lakh shares at the upper price band of Rs.585 to anchor investors worth Rs.176.47 crore. Net of this anchor allocation, the Qualified Institutional Buyer (QIB) portion had a quota of 19.59 lakh shares. The QIB portion got bids for 3,738.56 lakh shares at the close of the IPO, implying an oversubscription ratio of 190.86 times for QIBs. This was evident in anchor response.

The HNI portion got subscribed got application bids for 3,918.90 lakh shares against the available HNI / NII quota of 15.42 lakh shares. This translates into oversubscription of 254.22 times. Bulk of the funded applications and corporate applications in this segment came in on the last day of the IPO. The retail portion was subscribed 23.14 times getting valid bids for 832.40 lakh shares against the available retail quota of 35.97 lakh shares.