Cyient DLM IPO has been subscribed 14.52 times so far on the last day of bidding, with retail investors leading the way. The retail investors' portion got subscribed 37.39 times, the non-institutional investors' quota 23.83 times, and the qualified institutional buyers' portion received 3.44 times bids more than the reserved amount. The company's shares are commanding a premium of Rs 110-112 compared to the upper end of the price band. Cyient DLM is an electronic manufacturing services provider with long-term relationships with key customers. Analysts believe the company's valuation is in line with industry peers.