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Integrated electronic manufacturing services provider Cyient DLM made a strong debut on the stock exchanges, with shares listing at a premium of 52% over the IPO issue price of Rs 265 on NSE. The company s IPO received a massive response from investors with an overall subscription at 71.3 times. Cyient DLM will use the net proceeds from the issue to fund incremental working capital requirements, capital expenditure, repayment of debt and other general corporate purposes.
Cyient DLM | We have also seen an increase in its premium in the grey market, to 52-57 percent from 45-49 percent eariler, especially ahead of its debut on Monday, analysts said on anonymity.