Cyient DLM IPO listing date today. GMP, experts predict ideaForge like debut | Mint – Mint

Cyient DLM IPO listing: The initial public offering (IPO) of Cyient DLM Ltd is going to hit secondary market today as Cyient DLM IPO listing date has been fixed on Monday, 10th July 2023 i.e. today. As per the information available on the official website of BSE, the equity shares of Cyient DLM Limited shall be listed and admitted to dealings on the exchange in the list of ‘B’ group of securities.
According to stock market experts, Cyient DLM IPO will have strong listing on Dalal Street today. Experts said that lucky allottees may expect to get ideaForge like strong listing premium on Monday as grey market has gone further bullish on Cyient DLM share price. They said that in bulls case Cyient DLM share price will open at around 450 to 480 whereas in bears case, Cyient DLM shares would list at around 400 to 420. So, much would depend upon the market sentiment or the kind of stock market’s opening during Monday morning deals.
Speaking on Cyient DLM IPO listing price, Vaibhav Kaushik, Research Analyst at GCL Broking said, “Allottees of the public issue may expect ideaForge like listing premium from the book build issue as Cyient DLM IPO has attracted strong response from investors and the issue is small in size as well. As the company has shown promising numbers on its balance sheet, it is expected to attract fresh buyers after listing as well. But, much will depend upon the kind of opening Indian stock market gets on Monday. As per my opinion, the IPO would open above 4000 apiece for sure, which means a lucky allottee may expect to get at least 50 per cent premium on one’s investment.”
Expecting strong debut for Cyient DLM shares, Anubhuti Mishra, Equity Research Analyst at Swastika Investmart said, “Grey market is signaling at least 50 per cent listing premium for the stock, which is a justified premium for two reasons. First, the IPO received a very strong response from investors, with a subscription rate of 71.35 times. This shows that there is strong demand for the company’s shares. Second, the company’s fundamentals are strong. Cyient DLM has a strong track record of growth and is well-positioned to benefit from the growing demand for digital manufacturing solutions.”

What GMP signals?

According to market observers, Cyient DLM IPO GMP today is 165, which means grey market is expecting that Cyient DLM IPO share price would list at around 430 (( 265 + 165), which is more than 60 per cent from Cyient DLM IPO price band of 250 to 265 per equity share. This means, grey market is also expecting strong debut for Cyient DLM shares.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Milestone Alert!
Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
Download the Mint app and read premium stories
Log in to our website to save your bookmarks. It’ll just take a moment.
You are just one step away from creating your watchlist!
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.
Your session has expired, please login again.
You are now subscribed to our newsletters. In case you can’t find any email from our side, please check the spam folder.
This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp







Leave a Reply

Your email address will not be published. Required fields are marked *