Bumper listing of Cyient DLM IPO, investors got 51 percent profit per share on every share

Today everyone's focus in the Indian stock market will be on the IPO of Cynet DLM. It is a subsidiary of Cynet. This year the company has given a return of more than 51 percent. Saint DLM is listed in the stock market today. Retail investors have invested heavily in the IPO of this company. The reserved portion of the issue for him has been subscribed 52.17 times. After this, shares have been issued today at a price of Rs.265.
Today the shares of Cyient DLM Company have come on the market at a price of Rs.401. This means that today when the shares of this company were listed in the market, then its shares were worth Rs.401. In such a situation, investors got a profit of 51 percent. Still, the stock of the company is seeing a boom. The company has given shares to the employees at a discount of Rs 15. From this, they are earning more profit.
At the time of writing the news, the shares of the company were at a price of 413.20 on BSE. With this price, IPO investors have got up to 56 percent profit.
The company had opened its IPO for subscription between June 27-June 30. This IPO has been liked the most by retail investors. The retail investor's reserve has been subscribed 52.17 times. The share of qualified institutional investors in this IPO is 95.87 times and the share of non-institutional investors is 47.75 times. If the overall issue is seen then it is 71.35 times.
The company will use its Rs 291 crore through this IPO to meet the increased working capital requirements. Along with this, Rs 43.57 crore will be given for capital expenditure funding. The company will use Rs 160.9 crore to pay off its debt. Along with this, it will use it to fulfill common corporate objectives.