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.".
You might be interested in
JSW Infrastructure IPO listing date today. GMP, experts predict strong debut of shares
03, Oct, 23JSW Infrastructure IPO GMP today: Grey market is hinting that JSW Infrastructure IPO listing price would be around ₹144 apiece levels, say market observers
Cyient DLM IPO: What GMP, subscription status reflect as focus shifts on allotment date
01, Jul, 23Cyient DLM IPO GMP today is ₹115, which is ₹5 higher from its yesterday GMP of ₹110, say market observers
Medi Assist IPO: What GMP signals as listing date fixed on 23rd January
20, Jan, 24Medi Assist IPO GMP today: Shares of the company are available at a premium of ₹36 in grey market today
IREDA IPO: Share allotment declared. What GMP signals ahead of listing date
28, Nov, 23IREDA IPO GMP today: Shares of the state-owned company are available at a premium of ₹11 in grey market today, say market observers
IPO watch: Two main board public issues ideaForge Technology, Cyient DLM to open next week. GMP, price, other details
24, Jun, 23IPO GMP: ideaForge IPO GMP today is ₹500 while Cyient DLM IPO GMP today is ₹110, say market observers
Juniper Hotels IPO: What GMP signals ahead of share listing date?
27, Feb, 24Juniper Hotels IPO GMP today: The grey market is signaling par listing of Juniper Hotels shares, say market observers
Suraj Estate IPO: What GMP signals after announcement of listing date
25, Dec, 23Suraj Estate IPO GMP today: Shares of the real estate company are available at a premium of ₹18 in grey market today, say market observers
INOX India GMP soars 80% ahead of listing. Another bumper IPO debut on cards?
20, Dec, 23According to experts, INOX India is all set for a strong stock market listing, given the strong investor interest around its IPO. In fact, the latest GMP trends also suggest that the IPO could offer a significant listing pop to investors.
Yatharth Hospital IPO listing date announced. GMP signals strong debut of shares
05, Aug, 23Yatharth Hospital IPO listing date has been fixed on 7th August 2023 i.e. on Monday next week