Cyient shares rise 7% after announcing foray into semiconductors
The IT Enabled Services company will set up a subsidiary to foster the company’s Application Specific Integrated Circuit (ASIC) turnkey design and manufacturing capabilities.
The IT Enabled Services company will set up a subsidiary to foster the company’s Application Specific Integrated Circuit (ASIC) turnkey design and manufacturing capabilities.
PNB and Union Bank will be added to the MSCI Global Standard Indexes, while NMDC, GMR Airport, BHEL, PNB, and Union Bank will enter India standard indices
While some listings fetched mouth-watering gains for investors, others lost their pants.
IREDA, Cyient DLM, Tata Technologies, Netweb Technologies, and Senco Gold are top performers in terms of returns over IPO price.
Shares of Cyient DLM opened at ₹403 on the NSE, up 52% against IPO price of ₹265; on the BSE, the stock listed at ₹401.
This week, four IPOs will open for subscription, while six companies will make their debut on stock exchanges.
The IPOs of ideaForge Technology and Cyient DLM received strong response from investors, especially from qualified institutional buyers and retail investors.
The company, a subsidiary of IT services firm Cyient, has decided to allot 97,98,113 equity shares to 20 anchor investors at a floor price of ₹265.
From main board IPOs, ideaForge Technology will launch its public offer on June 26, Cyient DLM on June 27, and PKH Ventures on June 30
The electronic manufacturing services company aims to raise ₹592 crore via IPO, which comprises a fresh issue of 2.23 crore equity shares.