Cyient DLM made a strong debut on the exchanges in Monday's trade as the stock was listed at Rs 403 on NSE, a premium of 52% over its IPO issue price of Rs 265. On BSE, the shares listed at a premium of 51.32% at Rs 401 apiece.
Cyient DLM's Rs 592 crore-IPO received a massive response from investors with an overall subscription at 71.3 times. Ahead of listing, the company's shares commanded a premium of Rs 155 in the unlisted market.
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