The Crow Verdict: I feel there''s no need to give a verdict on Data Patterns IPO as retail is already subscribed 15x up. Anyway, I still feel this is fully priced (despite the pre-IPO Nov capital raising at 577 apiece) and may not give much on listing. The current GMP of ~520 could be chhalchhalawa and fizzle out (even to half) by Dec 24 on listing, aggravated by the Christmas week merry.
If allotted, take out principal and enjoy the profits over profits. This is what I did with MTAR and I have no regrets.
Red flags - 3 out of 11. Keep crowing!
Always in restraint of Mrs. Crow.