Electronics / Aerospace & Defence EMS - Listed on 10 July 2023
Cyient DLM (Electronics / Aerospace & Defence EMS) closed its IPO window in 2023 and listed on NSE and BSE on 10 July 2023 at an upper band issue price of Rs 265, opening at Rs 403 for a listing gain of +52.1% and closing day one at Rs 420.75 (+58.8% on closing basis). The IPO was subscribed 67.31x overall - QIB 90.44x, HNI/NII 45.05x, Retail 49.22x. The total issue size was Rs 592 Cr (Fresh Issue Rs 592 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Electronics / Aerospace & Defence EMS
Cyient DLM operates in the Electronics / Aerospace & Defence EMS space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Cyient DLM issue was offered at an upper price of Rs 265 and raised approximately Rs 592 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 100 | +37.74% |
| Day 2 | Rs 105 | +39.62% |
| Day 3 | Rs 100 | +37.74% |
| Day 4 | Rs 95 | +35.85% |
| Day 5 | Rs 105 | +39.62% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Cyient DLM IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Cyient DLM IPO listed at +52.1% versus the upper issue price of Rs 265 on 10 July 2023.
Cyient DLM IPO was subscribed 67.31x overall. QIB portion was subscribed 90.44x, HNI / NII 45.05x and Retail 49.22x.
IPO GMP started at Rs 100 on Day 1 and moved to Rs 105 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.