Data Patterns India Ltd approves closure of QIP

The Fund Raising Committee of Data Patterns India Limited at its meeting held today, i.e. March 13, 2023 has, approved the closure of the issue period for the Issue today, i.e. March 13, 2023.

The board determined and approved the issue price of ₹ 1,220.31 per Equity Share (including a premium of ₹ 1,218.31 per Equity Share), which takes into account a discount of 5% (i.e. ₹ 64.22 per Equity Share) on the floor price of ₹ 1,284.53 per Equity Share, for the Equity Shares to be allotted to the eligible qualified institutional buyers in the Issue.

The board approved and finalised the confirmation of allocation note to be sent to the eligible qualified institutional buyers, intimating them of allocation of Equity Shares pursuant to the Issue.

The board approved and adopted the placement document dated March 13, 2023 and approved issuance of refund inƟmaƟon leƩer to the bidders who are enƟtled to receive the refund amount, if any.

Shares of Data Patterns India Limited was last trading in BSE at Rs. 1318.55 as compared to the previous close of Rs. 1319.10. The total number of shares traded during the day was 14515 in over 1759 trades.

The stock hit an intraday high of Rs. 1343.40 and intraday low of 1297.10. The net turnover during the day was Rs. 19066061.00.

Source : Equity Bulls

Keywords

DataPatternsIndia QIP FundRaising IssueClosure QIB