Cyient at over 50% premium on bourses

Hyderabad: Electronics System Design & Manufacturing (ESDM) player Cyient DLM on Monday listed on the National Stock Exchange (NSE) at 403 a share, a premium of 52% per share over the issue price of 265, after an initial public offering (IPO) that was oversubscribed 67 times.After opening at 403, the company’s scrip hit a high of 427 before closing at 421.75 on NSE.On the Bombay Stock Exchange (BSE), the scrip of the Hyderabad-based player debuted at 401 per share, a 51% premium over the offer price, and hit a high of 426.45 per share before closing 5% up over the listing price at 420.75 a share.During the day, 14.2 lakh shares of the company were traded on the BSE and over 2.1 crore shares were traded on NSE.