Cyient DLM IPO opens for subscription today, retail portion oversubscribed

27 Jun 2023 , 11:56 AM

The Rs 593 crore initial public offer (IPO) of Cyient DLM Limited has opened for subscription on June 27. The issue has received high demand from retail investors. Click here to subscribe the IPO.

Check the live subscription status of Cyient DLM IPO on day 1 at 11.55 AM in the table below:

Category	No. of shares offered	No. of shares bid for	No. of times of total meant for the category
Qualified Institutional Buyers (QIBs)	69,24,000	1,568	0.00
Non Institutional Investors(NIIS)	34,62,000	23,21,200	0.67
Retail Individual Investors (RIIs)	23,08,000	69,60,744	3.02
Employee Reserved	6,38,297	66,248	0.10
Total	1,33,32,297	93,49,760	0.70

(Source: BSE)

Being a prominent Electronics Manufacturing Services (EMS) provider in India, this company focuses on delivering electronics solutions tailored for safety and mission-critical applications. Its dominance in regulated industries and strong customer relationships serve as significant obstacles for potential competitors. 

With advanced capabilities and extensive customer engagement, the company excels in providing intricate Printed Circuit Boards (PCBs) and comprehensive end-to-end solutions. Its specialization in safety critical electronic systems distinguishes it in the market. Furthermore, the industry’s substantial entry costs and stringent regulations further enhance the company’s competitive edge.