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The IPO of SaintDLM, a subsidiary of technology company Cyient, has made investors rich. Shares of Cyient DLM were listed on the exchange about two months ago and the company’s shares have soared more than 170% so far. Shares of industrial products company Saint DLM rose over 15 percent on Tuesday to Rs. closed at 718.70.
Price Band Rs. 250-265, the share was Rs. 401 was listed.
The price band of Cyient DLM IPO is Rs. 250-265 was. In the IPO, the company’s shares were priced at Rs. 265 were allotted at the upper price band. Shares of St. DLM were listed on BSE on July 10 at Rs.401. Shares of St. DLM have risen more than 75% since the listing. The company’s stock touched a 52-week high of Rs. There are 748. At the same time, the company’s shares hit a 52-week low of Rs 401.
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The company’s IPO was subscribed more than 71 times
Cyient DLM’s IPO was subscribed a total of 71.35 times. The retail quota of the company’s IPO was subscribed 52.17 times. Whereas, the quota for non-institutional investors (NII) was subscribed 47.75 times. While Qualified Institutional Buyers (QIB) quota was subscribed 95.87 times. Retail investors can apply for a minimum of 1 lot and a maximum of 13 lots in a company’s IPO. One lot of the IPO consisted of 56 shares. Company shares BSE And NSE Both are listed on the exchange.
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Disclaimer: The information provided here is only about stock performance and does not constitute investment advice. Investing in the stock market is subject to risk and you should consult your advisor before investing.