After receiving a strong response to the initial public offering on December 13-15, the Indian data pattern will complete the basis of its shares notice today.

Problems Providers Defense and Electronic Solutions Subscribe 119.6 times, with portion of retail investors subscribing 23 times. Institutional buyers who qualify and non-institutional investors bid on the advantage of 190 and 254 times the share portion provided for them, respectively.

The company will raise Rs 588 Crore through public problems. Of this number, Rs 240 Crore as a fresh problem will be used for spending capex, payment of debt and funding of working capital needs.

Here’s how to check stock rationing status on the BSE website and IPO Registrar:

On the BSE website, follow these three steps:

1. Select the type of problem (equity), and name of the problem (data pattern)

2. Enter the application number and number number

3. And finally the check box (I’m not a robot) and click the search button

On the IPO Registrar website, follow these steps:

1. Select the company name (data pattern)

2. Select and hether entering the pan number, or application number, or ID DP / client, or account number / IFSC

3. And finally enter the captcha and click the send button

Data pattern shares are traded with RS 280 premiums each in the Gray Market, down from RS 600 a week ago, according to the IPO Watch data.

This shows a 47 percent premium at the price of the issue of Rs 555-585 per share.

Some brokers including Angel One, Icici Direct, Motualal Oswal, Nirmal Bang and Yes Securities have a “subscription” rating on this problem.

The Oswal Motilal effect is bullish on the company behind vertically integrated business models, diverse portfolios, strong order books and strong client relations.

“This problem is valued at 55x FY21 P / E (based on posting problems), v / s. 167x for the mtar and 138x for the defense of the paras. We believe it can benefit from government encouragement on defense / aerospace,” said Broker.

The company recorded revenue growth in CAGL by 31 percent during FY19-FY21, EBITDA (Profit before interest, tax, depreciation and amortization) grew at 90 percent CAGR, and 169 percent profit in the same period, while the EBITDA margin developed from 19.5 percent At FY19 to 41.1 percent on FY21.

After finalizing the current stock allotment, the failed bidder will get a refund on December 22, while the bidder who managed to receive shares in their Demat account on December 23.

The data pattern is expected to register in BSE and the National Stock Exchange on December 24.