Cyient DLM IPO vs Nexus Select Trust REIT

Comparision between Cyient DLM IPO and Nexus Select Trust REIT.

IPO Details

Cyient DLM IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Nexus Select Trust REIT is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Cyient DLM IPO	Nexus Select Trust REIT
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	REIT
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Axis Capital Limited Jm Financial Limited	Bofa Securities India Limited Axis Capital Limited Citigroup Global Markets India Private Limited Hsbc Securities & Capital Markets Pvt Ltd Iifl Securities Ltd Jm Financial Limited J.P. Morgan India Private Limited Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
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 Nexus Select Trust REIT is up to ₹3,200.00 Cr. The final issue price of Cyient DLM IPO is ₹265.00 per share and of Nexus Select Trust REIT is ₹100.00 per share.

	Cyient DLM IPO	Nexus Select Trust REIT
Face Value	₹10 per share
Issue Price (Lower)	₹250.00 per share	₹95.00 per share
Issue Price (Upper)	₹265.00 per share	₹100.00 per share
Issue Price (Final)	₹265.00 per share	₹100.00 per share
Discount (Retail)
Discount (Employee)	₹15.00 per share
Market Lot Size	56 shares	150 shares
Fresh Issue Size	2,23,39,623 shares
Fresh Issue Size (Amount)	up to ₹592.00 Cr	up to ₹1,400.00 Cr
OFS Issue Size
OFS Issue Size (Amount)		up to ₹1,800.00 Cr
Issue Size Total	2,23,39,623 shares
Issue Size Total (Amount)	up to ₹592.00 Cr	up to ₹3,200.00 Cr

IPO Timetable

Cyient DLM IPO opens on Jun 27, 2023, while Nexus Select Trust REIT opens on May 09, 2023. The closing date of Cyient DLM IPO and Nexus Select Trust REIT is Jun 30, 2023, and May 11, 2023, respectively.

	Cyient DLM IPO	Nexus Select Trust REIT
Anchor Bid Date	Jun 26, 2023	May 08, 2023
Issue Open	Jun 27, 2023	May 09, 2023
Issue Close	Jun 30, 2023	May 11, 2023
Basis Of Allotment (Tentative)	Jul 04, 2023	May 16, 2023
Initiation of Refunds (Tentative)	Jul 05, 2023	May 17, 2023
Credit of Share (Tentative)	Jul 06, 2023	May 18, 2023
Listing date (Tentative)	Jul 10, 2023	May 19, 2023
Anchor Lockin End date 1	Aug 03, 2023	Jun 15, 2023
Anchor Lockin End date 2	Oct 02, 2023	Aug 14, 2023

Financials

Cyient DLM IPO P/E ratio is 66.25, as compared to Nexus Select Trust REIT P/E ratio of .

Cyient DLM IPO

Nexus Select Trust REIT

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

Nexus Select Trust Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Reserves and Surplus	Total Borrowing
31-Mar-20	9,527.64	1,708.19	206.74	976.05	5,955.67
31-Mar-21	8,959.36	1,047.97	-199.11	340.89	6,281.38
31-Mar-22	9,089.77	1,398.52	-10.95	389.15	6,311.20
31-Dec-22	8,989.53	1,498.35	257.02	639.31	5,872.31
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

92.84%

Promoter Shareholding (Post-Issue)

66.68%

P/E Ratio

66.25

Market Cap

₹2101.00 Cr.

ROE

23.1%%

ROCE

13.48%%

Debt/Equity

EPS

₹10.07

RoNW

30.45%%

Shares Offered

In the Cyient DLM IPO retail investors (RII) are offered 21,77,358 shares while in Nexus Select Trust REIT retail investors are offered 21,77,358 shares. Qualified institutional buyers (QIB) are offered 65,32,076 shares in Cyient DLM IPO and 10,10,52,450 shares in Nexus Select Trust REIT.

	Cyient DLM IPO	Nexus Select Trust REIT
Anchor Investor Reserveration	97,98,113 shares	14,39,99,850 shares
Market Maker Reserveration
QIB	65,32,076 shares	10,10,52,450 shares
NII	32,66,037 shares	0 shares
RII	21,77,358 shares	0 shares
Employee	6,02,167 shares	0 shares
Others
Total	1,25,77,638 shares	18,52,63,050 shares

Bids Received (Subscription)

Cyient DLM IPO subscribed 71.35x in total, whereas Nexus Select Trust REIT subscribed 5.45x.

	Cyient DLM IPO	Nexus Select Trust REIT
QIB (times)	95.87x	4.81x
NII (times)	47.75x
Big NII (times)	50.48x
Small NII (times)	42.31x
RII (times)	52.17x
Employee (times)	2.60x
Other (times)		6.23x
Total (times)	71.35x	5.45x

Compare with others

Cyient DLM IPO	Nexus Select Trust REIT
SBFC Finance IPO	Cyient DLM IPO
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ideaForge Technology IPO	Mankind Pharma IPO
HMA Agro Industries IPO	Avalon Technologies IPO
IKIO Lighting IPO	Udayshivakumar Infra IPO
Tata Technologies IPO	Global Surfaces IPO
Nexus Select Trust REIT	Divgi TorqTransfer Systems IPO

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