Cyient DLM IPO listing date today. GMP, experts signal strong debut of shares
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 today. 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, "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, muc 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 debbut 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.
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