Cyient DLM Sets Price Band for June 27 IPO at Rs 250-265

22 Jun 2023 , 10:46 AM

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