Cyient DLM Limited has proposed to open its initial public offering comprising a fresh issue of such number of Equity Shares aggregating up to ₹ 5,920.00 million on Tuesday, June 27, 2023. Bid/ Issue Closing Date will be Friday, June 30, 2023. The Anchor Investor Bid/Issue Period is one Working Day prior to the Bid/Issue Opening Date, that is, Monday, June 26, 2023.
- Issue Opens on: Tuesday, June 27, 2023
- Issue Closes on: Friday, June 30, 2023
- Issue Type: Book Built Issue IPO
- Price Band: ₹250 to ₹265 per Equity Share
- Face Value: ₹ 10 per equity share
- Lot Size: 56 Shares
The Price Band for the Issue has been fixed from ₹ 250 per Equity Share to ₹ 265 per Equity Share. Bids can be made for a minimum of 56 Equity Shares and in multiples of 56 Equity Shares thereafter. The Company has in consultation with the BRLMs, undertaken a private placement of 4,075,471 Equity Shares aggregating to ₹ 1,080.00 million.
The Issue is being made through the Book Building Process. The Equity Shares offered through the red herring prospectus dated June 19, 2023 are proposed to be listed on both BSE Limited and National Stock Exchange of India Limited. Axis Capital Limited and JM Financial Limited are the Book Running Lead Managers to the Issue.
