Cyient DLM IPO listing date announced. GMP, experts signal strong debut of shares

Cyient DLM IPO listing date: The IPO is set to be listed on BSE and NSE in a special pre-open session on 10th July 2023 i.e. on Monday next week

Asit Manohar
Updated8 Jul 2023, 12:04 PM IST
Cyient DLM IPO GMP: Market observers expect a premium of  <span class='webrupee'>₹</span>140 in the grey market, indicating a strong listing.
Cyient DLM IPO GMP: Market observers expect a premium of ₹140 in the grey market, indicating a strong listing.(Photo: Courtesy Cyient DLM website)

Cyient DLM IPO listing date has been fixed on 10th July 2023 i.e. on Monday next week. As per the BSE notice, effective from Monday, July 10, 2023, the equity shares of Cyient DLM Limited shall be listed and admitted to dealings on BSE and NSE in the list of 'B' group of securities. After announcement of Cyient DLM IPO allotment status, bidders are eagerly looking at the grey market to find out about the expected listing premium they can expect on Monday. According to market observers, Cyient DLM share price is trading at a premium of 140 in grey market today.

Cyient DLM IPO GMP today

As per the market observers, Cyient DLM IPO grey market premium is 140, which means grey market is expecting that the public issue will list at around 405 ( 265 + 140), which is more than 50 per cent from Cyient DLM IPO price band of 250 to 265 per equity share. Observers went on to add that grey market is highly bullish on the public offer as the IPO has received strong response from the investors. They went on to add that ever since the IPO made its debut in the grey marekt, it has remained above 100 that means grey market is expecting that Cyient DLM IPO listing price would be around 365 per share in bear case whereas in bulls case the issue may list around 400 per share levels.

However, stock market experts maintained that GMP is not an ideal indicator for assessing expecting listing premium from any IPO. They went on to add that grey market is non-regulated and completely speculative. One should stick to the basics and rely on the balance sheet of the company. So, only GMP should not be an ideal way of assessing about the listing premium. It's better to scan the balance sheet of the company as well.

Market experts expect strong listing

On Cyient DLM IPO listing, Vaibhav Kaushik, Research Analyst at GCL Broking said, "The company has high growth potential and the IPO has been offered at decent valuations, which helped the issue to receive rave response during the subscription period. One can expect strong debut of Cyient DLM IPO on Dalal Street on Monday."

'Cyient DLM has a strong track record of growth and is well-positioned to benefit from the growing demand for digital manufacturing solutions," said Anubhuti Mishra, Equity Research Analyst at Swastika Investmart adding, "There is strong demand for the company's shares and we are expecting positive listing with up to 49 per cent listing premium on the listing date."

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.MoreLess
First Published:8 Jul 2023, 12:04 PM IST
HomeMarketsIPOCyient DLM IPO listing date announced. GMP, experts signal strong debut of shares

Most Active Stocks

Indian Oil Corporation

168.65
10:35 AM | 12 JUL 2024
-5.85 (-3.35%)

Kotak Mahindra Bank

1,829.75
10:35 AM | 12 JUL 2024
-14.5 (-0.79%)

Zee Entertainment Enterprises

156.40
10:35 AM | 12 JUL 2024
9.25 (6.29%)

Bharat Electronics

335.75
10:35 AM | 12 JUL 2024
0.2 (0.06%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Railtel Corporation Of India

566.50
10:33 AM | 12 JUL 2024
46.55 (8.95%)

M M T C

92.51
10:33 AM | 12 JUL 2024
6.79 (7.92%)

IRCON International

340.75
10:33 AM | 12 JUL 2024
20.85 (6.52%)

Zee Entertainment Enterprises

156.15
10:33 AM | 12 JUL 2024
9 (6.12%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    74,087.00382.00
    Chennai
    73,942.00-780.00
    Delhi
    74,014.00309.00
    Kolkata
    74,377.00-345.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.85/L0.10
    Kolkata
    104.95/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsPremiumInstant LoanMint Shorts