Chennai: The pattern of data made a strong debut on the stock market on Friday as a stock maker of defense and aerospace based in Chennai opened at a 48% premium at BSE at RS 864.
The opening price on the National Stock Exchange was RS 856.
Expressing the price of the issue of Rs 585.
Shares closed trading days around Rs 754.85 in BSE.
Earlier this week, the IPO data pattern subscribed to around 120 times because the order book grew around RS 580 Crore, healthy financial, and Make In India an attractive opportunity for investor sentiment.
The demand for non-institutional investors is maximum because they buy 254 times the portions they reserve.
Section of institutional investors who meet the terms of subscribing to 191 times, and retail investors subscribe 23.14 times.
Founded by SrinasagoPalan Rangarajan and Rekha Murthy Rangarajan, data patterns serve the end-to-end needs of the defense and aerospace sectors that make products such as processors, microwaves, embedded software, radar, electronic war systems, avionics and other electronic components.
The company is supported by former Blackstone Matthew Cyriac head through the Florintree Capital Partners LLP, which holds 12.8% of the shares in pre-bidding companies.
This problem received a thumbs up from most brokers who gave him a subscription ranking.
“The higher margin is more than compensate for a long working capital cycle, resulting in a spy of satisfactory cash flow.
We recommend investors to subscribe to problems for lists of increases and from a long-term perspective,” said analyst at Nirmal Bang Securities.