Electronic mftg services provider Cyient DLM raises Rs.260-Cr from 20 anchor investors

Bengaluru based Cyient DLM has raised INR 259.64 crore from 20 anchor investors, ahead of its initial public offering (IPO). The company would allot 97,98,113 equity shares to anchor investors at INR 265 per equity share (including a premium of INR 255 per share). The anchor investors included Nippon Life India Small Cap, ICICI Prudential, HDFC MF, Tata Infrastructure Fund, Societe Generale, LIC MF, Amansa Holdings, DSP India, Aditya Birla Sun Life, Edelweiss MF, Founders Collective Fund, Catamaran EKAM, Vikasa India, BNP Paribas Arbitrage, and Kotak MF. Axis Capital and JM Financial are the book-running lead managers to the issue.