Cyient DLM Ltd IPO Details, Upcoming IPO, Latest Ongoing IPO
Author: Libord Brokerage Pvt. Ltd Posted on 23 Jun 2023 15:04:55Category : ipo news
Cyient DLM Ltd IPO Details:
Cyient DLM Ltd. has announced public offering of 22339624 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 255.00 per share. The gross proceeds of the issue are expected to be Rs 59,200.00 lakhs.
The company's initial public offer (IPO) will open on 27 June 2023 and is expected to close on 30 June 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 250.00-265.00 per share.
The IPO includes a fresh Issue of 22339624 Equity Shares of the Company at an price of Rs 265.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 56 shares with bids in multiples of 56.
Cyient DLM Ltd. anticipates using the proceeds of the issue for Funding incremental working capital requirements of the Company
Funding capital expenditure of the Company
Repayment/prepayment, in part or full, of certain of the borrowings
Achieving inorganic growth through acquisitions
General corporate purposes.
Axis Capital Ltd.,JM Financial Ltd. as lead manager(s) & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.
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