Cyient DLM IPO Allotment: Here’s how to check allotment status, GMP, other details

livemint.com:

Cyient DLM IPO saw a strong response from subscribers and the grey market premium (GMP) of the IPO suggests investors are bullish about the stock. According to market observers, shares of Cyient DLM Ltd are available at a premium of ₹124 in the grey market on Tuesday morning. On Monday, the GMP for Cyient DLM was ₹125.

As per data available with the exchange, the ₹592 crore Cyient DLM IPO was subscribed 67.31 times overall, with its retail portion subscribed 49.22 times. Cyient DLM IPO allotment date is July 5, 2023. market observers said that Cyient DLM IPO grey market premium (GMP) today is ₹124, which is ₹1 lower than its previous session's GMP of ₹125.

Market observers attribute the high premium to Cyient DLM IPO to positive market sentiments and strong responses by investors. Some market analysts believe that investors' risk appetite is high for both primary and secondary markets and the grey market is reflecting this sentiment. After Cyient DLM IPO allotment status is announced, investors can check their application status online by logging in at the BSE website or on the registrar’s website.

Here’s how to check Cyient DLM IPO allotment status. 1] Login on BSE website https://www.bseindia.com/investors/appli_check.aspx 2] Select ‘Cyient DLM’ in Issue Name 3] Select 'Equity' in issue type 4] Enter Application Number or PAN 5] Click at 'I'm not a robot' 6] Click on 'Search' button. Your Cyient DLM IPO allotment status will be open.