The qualified institutional buyer portion was subscribed 193 times, while the non-institutional investor s portion was subscribed 49.09 times. Retail portion was subscribed 10.98 times.
Cyient DLM IPO is expected to be listed on July 10th, following strong investor response and a bullish sentiment in the grey market. The grey market premium (GMP) for the IPO is currently at Rs 125, indicating a potential listing price of around Rs 390. However, experts advise caution as the GMP is speculative and not directly linked to the company's financials. The IPO received an impressive subscription rate, with an overall subscription of 67.31 times and the retail portion subscribed 49.22 times. With the listing date approaching, market participants eagerly anticipate the trading debut of Cyient DLM shares., Markets News, Times Now
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Sah Polymers Limited has fixed the price band at ₹61 to ₹65 per Equity Share for its maiden public offer. The IPO will open on Friday, 30th December, 2022, for subscription and closes on Wednesday, 4th January, 2023.