Cyient DLM's initial public offering (IPO) received a strong response as the overall issue was subscribed 7.6 times. The retail category had a subscription of 24.02 times and non-institutional investors had 11.24 times. Qualified institutional buyers' (QIB) demand was 91% on Day 2. The company's shares are commanding a premium of Rs 106-109 and analysts expect a bumper premium of 41% on listing. Cyient DLM is an electronic manufacturing services provider with long-term relationships with major customers. The company's revenue for FY23 grew 15% and profit increased 4%.