Cyient DLM IPO shares allotment out today; here’s how to check

5 Jul 2023 , 09:10 AM

Electronic manufacturing service provider Cyient DLM will finalise the allotment of shares of its initial public offer on July 5. The issue has seen oversubscription from all the investors’ categories which was available for subscription from June 27 to June 30.

According to data from BSE, the initial public offering (IPO) witnessed a subscription of 67.31 times. Qualified institutional buyers showed strong interest, with the reserved portion being oversubscribed by 90.44 times. High net-worth individuals also participated actively, oversubscribing their allotted portion by 45.05 times. Retail investors displayed significant enthusiasm, bidding 49.22 times the allocated quota. Additionally, employees of the company bid 2.45 times the portion reserved for them.

Investors who are waiting for allotment can check it on BSE website or on the website of its registrar, KFin Technologies Limited. They need to provide the application number and PAN details to get the allotment status.

Cyient DLM IPO important details:

Open date	27 June 2023
Close date	30 June 2023
Lot size	56 shares
IPO size (Rs crore)	Rs 592 crore
IPO price range (Rs)	Rs 250-265 per share
Minimum investment	Rs 14,840
Basis of allotment date	5 July 2023
Refunds date	6 July 2023
Credit to demat account date	7 July 2023
Listing date	10 July 2023