Cyient DLM lists with 51.32% premium on the BSE
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Cyient DLM has debuted at Rs 401.00 on the BSE, up by 136 points or 51.32% from its issue price of Rs 265.
The scrip is currently trading at Rs 411.55, up by 146.55 points or 55.30% from its issue price. It has touched a high and low of Rs 424.40 and Rs 401.00 respectively. So far 7.74 lakh shares were traded on the counter.
The offering, which was open for subscription between June 27, 2023 and June 30, 2023 was subscribed 71.35 times. The issue price was fixed at Rs 265 per share i.e. at upper end of price band of Rs 250-265 apiece.
Cyient DLM, a subsidiary of Cyient, is the leading integrated EMS and solutions provider with a focus on the entire life cycle of a product, including design, build and maintenance. It has three state manufacturing facilities in Hyderabad, Bengaluru and Mysore.
