Upcoming IPO Alert: Cyient & DLM Set Price Band at Rs 250-265 | Launch on June 27
The article discusses the initial public offering (IPO) of Cyient and DLM (Dixon Laminations Limited) and provides details about the price band and launch date.
Cyient and DLM have set the price band for their IPO in the range of Rs 250-265 per share. The IPO is scheduled to be launched on June 27. The companies aim to raise funds through this IPO to support their business expansion plans and meet general corporate purposes.
Cyient is an engineering and technology solutions company, while DLM is a manufacturer of laminations and components for the power and distribution transformers industry. The IPO is expected to provide an opportunity for investors to participate in the growth potential of these companies.
The article also mentions that the IPO will be managed by JM Financials and Axis Capital as the book-running lead managers.
In summary, the article highlights the upcoming IPO of Cyient and DLM, providing information about the price band, launch date, and the companies' objectives. This IPO presents an investment opportunity for those interested in the engineering solutions and transformer components sectors.
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