Cyient, a leading global provider of engineering, manufacturing, and digital transformation solutions, is gearing up to launch its much-anticipated IPO (Initial Public Offering) for its subsidiary, Cyient Digital Limited (DLM). The IPO is scheduled to open tomorrow, generating significant interest among investors. In this article, we will delve into the key details surrounding Cyient’s DLM IPO, including the Grey Market Premium (GMP), opening date, price range, and other crucial information that investors should be aware of.
Cyient DLM IPO Review
Cyient DLM Limited’s initial public offering (IPO) is set to enter the primary market tomorrow, June 27, 2023. The IPO is valued at ₹592 crore and will be open for bidding until June 30, 2023. The company has established the price band for Cyient DLM IPO shares at ₹250 to ₹265 per equity share, and the book build issue is planned for listing on both the NSE and BSE.
- IPO Date: The IPO subscription will commence on June 27, 2023, and will close on June 30, 2023. Igniting enthusiasm among investors who have been eagerly anticipating the company’s public debut. The IPO presents a unique opportunity for investors to gain exposure to Cyient’s digital engineering and manufacturing solutions, tapping into the company’s promising growth potential in the industry.
- IPO Size: The public offer aims to raise ₹592 crore.
- IPO Price: The price range for Cyient DLM IPO shares is ₹250 to ₹265 per equity share.
- Lot Size: Bidders can apply for lots, and each lot will consist of 56 shares of the company.
- Allotment Date: The expected date for share allocation is July 5, 2023.
- Listing Date: The public issue is proposed to be listed on both the BSE and NSE, with the likely listing date being July 10, 2023.
- Registrar: KFin Technologies Limited has been appointed as the official registrar for this IPO.
- Investment Limit: Retail investors can apply for a minimum of one lot, which comprises 56 company shares. The minimum amount required to apply for the IPO is ₹14,840 (₹265 x 56). A retail investor can apply for a maximum of 13 lots, amounting to a maximum investment of ₹1,92,920 [(*265 x 56) x 13].
Predictions
Cyient’s DLM IPO presents an exciting opportunity for investors to participate in the growth trajectory of the company’s digital engineering and manufacturing solutions. With its IPO set to open tomorrow, investors should carefully consider the provided details, conduct their own research, and consult with financial advisors before making any investment decisions.