Cyient DLM lists at 51% premium
The stock hit a high of ₹426.45 and closed at ₹420.75, almost 59% over the issue price. The ₹592-crore-IPO of Cyient DLM was priced in the range of ₹250 to ₹265 apiece.
By ET Bureau | Updated:
BCCL - Non Copyright
Mumbai: Shares of electronic manufacturing services provider Cyient DLM listed at ₹401 on Monday, a premium of 51.32% to its Initial Public Offer (IPO) price of ₹265.
The stock hit a high of ₹426.45 and closed at ₹420.75, almost 59% over the issue price. The ₹592-crore-IPO of Cyient DLM was priced in the range of ₹250 to ₹265 apiece.
The public offer, which was entirely of fresh issue, was subscribed 71.35 times. The portion set aside for the retail segment was subscribed 52.17 times. The non-institutional (NII), or high net worth section, was subscribed 47.75 times, and the qualified institutional buyers' portion was subscribed 95.87 times.
The stock hit a high of ₹426.45 and closed at ₹420.75, almost 59% over the issue price. The ₹592-crore-IPO of Cyient DLM was priced in the range of ₹250 to ₹265 apiece.
The public offer, which was entirely of fresh issue, was subscribed 71.35 times. The portion set aside for the retail segment was subscribed 52.17 times. The non-institutional (NII), or high net worth section, was subscribed 47.75 times, and the qualified institutional buyers' portion was subscribed 95.87 times.
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