Cyient DLM shares list at 52% premium; surge up to 60% post debut
Shares of Cyient DLM opened at ₹403 on the NSE, up 52% against IPO price of ₹265; on the BSE, the stock listed at ₹401.
Shares of Cyient DLM opened at ₹403 on the NSE, up 52% against IPO price of ₹265; on the BSE, the stock listed at ₹401.
The IPOs of ideaForge Technology and Cyient DLM received strong response from investors, especially from qualified institutional buyers and retail investors.
The company, a subsidiary of IT services firm Cyient, has decided to allot 97,98,113 equity shares to 20 anchor investors at a floor price of ₹265.
The electronic manufacturing services company aims to raise ₹592 crore via IPO, which comprises a fresh issue of 2.23 crore equity shares.