Key Points
After announcement of Cyient DLM IPO allotment status, bidders are eagerly looking at the grey market to find out about the expected listing premium they can expect on Monday..
As per the market observers, Cyient DLM IPO grey market premium is 140, which means grey market is expecting that the public issue will list at around 405 ( 265 + 140), which is more than 50 per cent from Cyient DLM IPO price band of 250 to 265 per equity share..
They went on to add that ever since the IPO made its debut in the grey marekt, it has remained above 100 that means grey market is expecting that Cyient DLM IPO listing price would be around 365 per share in bear case whereas in bulls case the issue may list around 400 per share levels..
On Cyient DLM IPO listing, Vaibhav Kaushik, Research Analyst at GCL Broking said, "The company has high growth potential and the IPO has been offered at decent valuations, which helped the issue to receive rave response during the subscription period..
One can expect strong debut of Cyient DLM IPO on Dalal Street on Monday." . 'Cyient DLM has a strong track record of growth and is well-positioned to benefit from the growing demand for digital manufacturing solutions," said Anubhuti Mishra, Equity Research Analyst at Swastika Investmart adding, "There is strong demand for the company's shares and we are expecting positive listing with up to 49 per cent listing premium on the listing date.".
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