Cyient DLM IPO vs ideaForge Technology IPO

Comparision between Cyient DLM IPO and ideaForge Technology IPO.

IPO Details

Cyient DLM IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while ideaForge Technology IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Cyient DLM IPO	ideaForge Technology IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Axis Capital Limited Jm Financial Limited	Jm Financial Limited Iifl Securities Ltd
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Cyient DLM IPO is up to ₹592.00 Cr whereas the issue size of the ideaForge Technology IPO is up to ₹567.29 Cr. The final issue price of Cyient DLM IPO is ₹265.00 per share and of ideaForge Technology IPO is ₹672.00 per share.

	Cyient DLM IPO	ideaForge Technology IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹250.00 per share	₹638.00 per share
Issue Price (Upper)	₹265.00 per share	₹672.00 per share
Issue Price (Final)	₹265.00 per share	₹672.00 per share
Discount (Retail)
Discount (Employee)	₹15.00 per share	₹32.00 per share
Market Lot Size	56 shares	22 shares
Fresh Issue Size	2,23,39,623 shares	35,72,052 shares
Fresh Issue Size (Amount)	up to ₹592.00 Cr	up to ₹240.00 Cr
OFS Issue Size		48,69,712 shares
OFS Issue Size (Amount)		up to ₹327.25 Cr
Issue Size Total	2,23,39,623 shares	84,41,764 shares
Issue Size Total (Amount)	up to ₹592.00 Cr	up to ₹567.29 Cr

IPO Timetable

Cyient DLM IPO opens on Jun 27, 2023, while ideaForge Technology IPO opens on Jun 26, 2023. The closing date of Cyient DLM IPO and ideaForge Technology IPO is Jun 30, 2023, and Jun 30, 2023, respectively.

	Cyient DLM IPO	ideaForge Technology IPO
Anchor Bid Date	Jun 26, 2023	Jun 23, 2023
Issue Open	Jun 27, 2023	Jun 26, 2023
Issue Close	Jun 30, 2023	Jun 30, 2023
Basis Of Allotment (Tentative)	Jul 04, 2023	Jul 05, 2023
Initiation of Refunds (Tentative)	Jul 05, 2023	Jul 06, 2023
Credit of Share (Tentative)	Jul 06, 2023	Jul 07, 2023
Listing date (Tentative)	Jul 10, 2023	Jul 07, 2023
Anchor Lockin End date 1	Aug 03, 2023	Aug 04, 2023
Anchor Lockin End date 2	Oct 02, 2023	Oct 03, 2023

Financials

Cyient DLM IPO P/E ratio is 66.25, as compared to ideaForge Technology IPO P/E ratio of 87.5.

Cyient DLM IPO

ideaForge Technology IPO

Financial

Cyient DLM Limited Financial Information (Restated)
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

ideaForge Technology Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	79.79	16.32	-13.45	68.12	68.05	5.30
31-Mar-21	123.74	36.34	-14.63	59.63	59.63	50.57
31-Mar-22	222.33	161.45	44.01	163.30	110.28	5.68
31-Mar-23	487.93	196.40	31.99	324.72		86.50
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

92.84%

33.37%

Promoter Shareholding (Post-Issue)

66.68%

30.19%

P/E Ratio

66.25

87.5

Market Cap

₹2101.00 Cr.

₹2800.20 Cr.

ROE

23.1%%

13.11%%

ROCE

13.48%%

12.51%%

Debt/Equity

0.27

EPS

₹10.07

₹8.12

RoNW

30.45%%

9.85%%

Shares Offered

In the Cyient DLM IPO retail investors (RII) are offered 21,77,358 shares while in ideaForge Technology IPO retail investors are offered 21,77,358 shares. Qualified institutional buyers (QIB) are offered 65,32,076 shares in Cyient DLM IPO and 25,28,596 shares in ideaForge Technology IPO.

	Cyient DLM IPO	ideaForge Technology IPO
Anchor Investor Reserveration	97,98,113 shares
Market Maker Reserveration
QIB	65,32,076 shares	25,28,596 shares
NII	32,66,037 shares	12,64,297 shares
RII	21,77,358 shares	8,42,865 shares
Employee	6,02,167 shares	13,112 shares
Others
Total	1,25,77,638 shares	46,48,870 shares

Bids Received (Subscription)

Cyient DLM IPO subscribed 71.35x in total, whereas ideaForge Technology IPO subscribed 106.06x.

	Cyient DLM IPO	ideaForge Technology IPO
QIB (times)	95.87x	125.81x
NII (times)	47.75x	80.58x
Big NII (times)	50.48x	81.99x
Small NII (times)	42.31x	77.77x
RII (times)	52.17x	85.20x
Employee (times)	2.60x	96.65x
Other (times)
Total (times)	71.35x	106.06x

Compare with others

Cyient DLM IPO	ideaForge Technology IPO
SBFC Finance IPO	Yatharth Hospital IPO
Yatharth Hospital IPO	Netweb Technologies India IPO
Netweb Technologies India IPO	Utkarsh Small Finance Bank IPO
Utkarsh Small Finance Bank IPO	Senco Gold IPO
Senco Gold IPO	Cyient DLM IPO
ideaForge Technology IPO	HMA Agro Industries IPO
HMA Agro Industries IPO	IKIO Lighting IPO
IKIO Lighting IPO	Tata Technologies IPO
Tata Technologies IPO	Nexus Select Trust REIT
Nexus Select Trust REIT	Mankind Pharma IPO

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