The share allotment for Data Patterns will be finalised on Tuesday after its initial public offering (IPO) had received a strong response from investors. People who have subscribed to the issue can check the application status online today.

This is one of the four IPOs that will get listed on the stock exchanges today. The Rs 588.22 crore IPO of the defence and aerospace electronics solutions provider received a strong response as the public issue was subscribed over 119 times.

A number of brokerages gave a ‘subscribe’ rating to the Data Patterns IPO, given the future of the defence sector in the country. The transformation of the Indian defence sector will offer ample opportunities to defence-oriented firms like Data Patterns as they will benefit from favourable policies.

Many brokerages believe that the company has a long-term potential to grow and deliver profits.

As per latest data, the grey market premium (GMP) of the Data Patterns IPO was Rs 260 on Tuesday, indicating that it could list at Rs 845 or at a 44 per cent premium to the issue price of Rs 585.

HOW TO CHECK APPLICATION STATUS

Individuals who have subscribed to the Data Patterns IPO will be able to check the allotment status today on the Bombay Stock Exchange (BSE) website or at the website of the official registrar of the IPO, Link Intime Private Limited.

People who bid for the company’s shares can check it on the BSE by clicking here or on Link Intime by clicking here.

DATA PATTERNS IPO ALLOTMENT ON LINK INTIME

People can check their share allotment status on the website of Link Intime Private Limited, which is the official registrar for the IPO. After opening the link, individuals need to select Data Patterns IPO from the menu, enter PAN details, and click search.

CHECK DATA PATTERNS IPO ALLOTMENT ON BSE

Similarly, people can also check application status on BSE. After clicking on the direct link, they have to select ‘Data Patterns’ from the drop down list, enter the IPO application number, PAN details and finally click on submit.