Incorporated in 1993, Cyient DLM Limited provides Electronic Manufacturing Services (EMS) and solutions.
The company provides Electronic Manufacturing Services as Build to Print (“B2P”) and Build to Specification (“B2S”) services. B2P solutions involve clients providing the design for the product for which the company provides agile and flexible manufacturing services. And, B2S services involve designing the relevant product based on the specifications provided by the client and manufacturing the product.
Cyient DLM’s solutions primarily comprise:
- Printed circuit board (“PCB”) assembly (“PCBA”),
- Cable harnesses, and
- Box builds which are used in safety critical systems such as cockpits, inflight systems, landing systems, and medical diagnostic equipment.
The company’s client list includes Honeywell International Inc. (“Honeywell”), Thales Global Services S.A.S (“Thales”), ABB Inc, Bharat Electronics Limited, and Molbio 152 Diagnostics Private Limited, and so on.
Cyient DLM IPO Details
| IPO Date | Jun 27, 2023 to Jun 30, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹250 to ₹265 per share |
| Lot Size | 56 Shares |
| Total Issue Size | 22,339,623 shares (aggregating up to ₹592.00 Cr) |
| Fresh Issue | 22,339,623 shares (aggregating up to ₹592.00 Cr) |
| Employee Discount | Rs 15 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 56,941,471 |
| Share holding post issue | 79,281,094 |
Cyient DLM IPO Reservation
| QIB Shares Offered | Not less than 75.00% of the Net offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Offer |
| Retail Shares Offered | Not more than 10.00% of the Offer |
Cyient DLM IPO Timetable (Tentative)
Cyient DLM IPO opens on Jun 27, 2023, and closes on Jun 30, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Tuesday, 27 June 2023 |
| Closing Date | Friday, 30 June 2023 |
| Basis of Allotment | Wednesday, 5 July 2023 |
| Initiation of Refunds | Thursday, 6 July 2023 |
| Credit of Shares to Demat | Friday, 7 July 2023 |
| Listing Date | Monday, 10 July 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jun 30, 2023 |
Cyient DLM IPO Lot Size
The Cyient DLM IPO lot size is 56 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 56 | ₹14,840 |
| Retail (Max) | 13 | 728 | ₹192,920 |
| S-HNI (Min) | 14 | 784 | ₹207,760 |
| S-HNI (Max) | 67 | 3,752 | ₹994,280 |
| B-HNI (Min) | 68 | 3,808 | ₹1,009,120 |
| Lot Size Calculator |
Cyient DLM IPO Promoter Holding
Promoter of the company is Cyient Limited.
| Pre Issue Share Holding | 92.84% |
| Post Issue Share Holding | 66.68% |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 593.49 | 464.91 | -6.70 | 25.71 | 24.34 | 261.37 |
| 31-Mar-21 | 645.03 | 636.91 | 11.81 | 37.65 | 36.29 | 233.77 |
| 31-Mar-22 | 776.91 | 728.48 | 39.80 | 77.11 | 75.75 | 293.19 |
| 31-Mar-23 | 1,104.72 | 838.34 | 31.73 | 197.87 | 145.01 | 314.47 |
| Amount in ₹ Crore |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 34.19 |
Check Cyient DLM IPO Peer Comparison here.
Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Funding incremental working capital requirements of the company,
- Funding capital expenditure of the company,
- Repayment/prepayment, in part or full, of certain of the borrowings,
- Achieving inorganic growth through acquisitions, and
- General corporate purposes.
Cyient DLM IPO Prospectus
Company Contact Information
Cyient DLM Limited
3 rd Floor, Plot No. 11,
Software Units Layout, Infocity,
Madhapur, Hyderabad 500 081
Phone: +91 821 4000 500
Email: company.secretary@cyient dlm.com
Website: https://www.cyientdlm.com/
Cyient DLM IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: cyientdlm.ipo@kfintech.com
Website: https://karisma.kfintech.com/