The Rs 592 crore initial public offer (IPO) of Cyient DLM will be opening on June 27. The company has fixed the price band at Rs 250-265 per share.
The IPO is purely a fresh issue of equity shares with no component of offer for sale. With a valuation of Rs 2,000 crore at the upper price band, Cyient DLM appoints JM Financials and Axis Capital as lead managers to the issue.
As per the IPO timeline, the issue will close on June 30, while the anchor investors can bid on June 26. The allotment of shares will take place on July 5 and refunds will be initiated on July 6. The shares of the company will list on NSE and BSE on July 10.
Cyient DLM is a prominent provider of integrated Electronic Manufacturing Services (EMS) and comprehensive solutions. The company offers a wide range of capabilities that span the entire value chain and cover the complete product life cycle.
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 |
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