InvestorQ : What does Data Patterns do and when is the IPO likely?
sara Kunju made post

What does Data Patterns do and when is the IPO likely?

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Mary Joseph answered.
3 months ago
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Data Patterns supplies electronic systems to defence and aerospace sector. It plans to file DRHP with SEBI to raise $100 million via the IPO route. Data Patterns is based out of Chennai and backed by former Blackstone head Matthew Cyriac. Data Patterns will seek a valuation of $340 million via the IPO. Data Patterns is apparently in talks with IIFL Securities and JM Financial for the proposed IPO and listing.

Data Patterns has a rich experience of more than 35 years in the design and development of defence and aerospace electronics. It works closely with the PSU defence companies as well as leading defence research organizations, which constitute its major clientele.

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