Cyient DLM IPO to open on Jun 27, sets price band at Rs 250-265 per share

Electronic manufacturing services firm Cyient DLM Ltd on Thursday said it has fixed a price band of Rs 250-265 per share for its initial public offering (IPO), which will open for subscription on June 27.

The initial share sale will conclude on June 30 and the bidding for anchor investors will open on June 26, the company said in a statement.

Cyient DLM’s IPO is a purely fresh issue of equity shares aggregating up to Rs 592 crore with no offer for sale (OFS) component.

The company has already undertaken a private placement of 40.75 lakh equity shares worth Rs 108 crore.