archiveCyient DLM Limited

Press Release

Cyient DLM Limited raises over Rs 259.64 Crores from 20 anchor investors ahead of IPO

Cyient DLM Limited has raised Rs 259.64 Crores from 20 anchor investors, ahead of its initial public offering (IPO). Eight Domestic Mutual Funds have applied through a total of 11 schemes. The company has decided to allot 97,98,113 Equity Shares to Anchor Investors at Anchor Investor Allocation Price of ₹ 265/- per Equity Share (including share premium of ₹ 255/- per Equity Share). The anchor book saw participation from a wide variety of marquee investors, including Nippon Life India Small Cap, ICICI Prudential, HDFC MF, Tata Infrastructure Fund, Societe General,...