Integrated electronic manufacturing services provider, Cyient DLM, witnessed strong demand for its IPO, with the overall issue being subscribed 4.76 times on the second day. Retail investors showed significant interest with a subscription of 17.10 times, while the demand from qualified institutional buyers remained muted at just 4%. According to analysts, the company's shares are expected to command a premium and potentially fetch a bumper premium of 41% on listing. Cyient DLM reported revenue growth of 15% and a profit of Rs 31.7 crore for the financial year ending March 2023.
