The initial public offer (IPO) of Cyient DLM Limited is going to hit primary market on 27th June 2023 i.e. on tomorrow. The public issue worth 592 crore will open for bidding till 30th June 2023. The company management has fixed Cyient DLM IPO price band at 250 to 265 per equity share and the book build issue is proposed for listing on both NSE and . According to market observers, Cyient DLM shares have made their debbut in grey market and Cyient DLM share price is available at a premium of 110 in grey market today. Here we list out important DLM IPO details as public issue opens tomorrow: According to market observers, shares of Cyient DLM Ltd are available at a premium of 110 per share in grey market today. The company has fixed Cyient DLM IPO price at 250 to 265 per equity share. The public issue will open for subscription on 27th June 2023 and it will remain open for bidding till 30th June 2023. The public offer aims to raise 592 crore. A bidder will be able to apply in lot and one lot will comprise 56 shares of the company. The likely date for share allocation is 5th July 2023. The public issue is proposed for listing on BSE and NSE and the likely date for share listing is 10th July 2023. Limited has been appointed as official registrar of this public issue. As a retail investor would be able to apply in lots and one lot comprises 56 company shares. Minimum amount required to apply for the IPO is 14,840 ( 265 x 56). a retail investor can apply for minimum one lot and maximum 13 lots. So, maximum investment that a retail investor can do in this IPO is 1,92,920 [( 265 x 56) x 13]. Related Premium Stories