Cyient DLM IPO vs Tata Technologies IPO

Comparision between Cyient DLM IPO and Tata Technologies IPO.

IPO Details

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

	Cyient DLM IPO	Tata Technologies 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 Citigroup Global Markets India Private Limited Bofa Securities India Limited
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 Tata Technologies IPO is up to ₹3,042.51 Cr. The final issue price of Cyient DLM IPO is ₹265.00 per share and of Tata Technologies IPO is ₹500.00 per share.

	Cyient DLM IPO	Tata Technologies IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹250.00 per share	₹475.00 per share
Issue Price (Upper)	₹265.00 per share	₹500.00 per share
Issue Price (Final)	₹265.00 per share	₹500.00 per share
Discount (Retail)
Discount (Employee)	₹15.00 per share
Market Lot Size	56 shares	30 shares
Fresh Issue Size	2,23,39,623 shares
Fresh Issue Size (Amount)	up to ₹592.00 Cr
OFS Issue Size		6,08,50,278 shares
OFS Issue Size (Amount)		up to ₹3,042.51 Cr
Issue Size Total	2,23,39,623 shares	6,08,50,278 shares
Issue Size Total (Amount)	up to ₹592.00 Cr	up to ₹3,042.51 Cr

IPO Timetable

Cyient DLM IPO opens on Jun 27, 2023, while Tata Technologies IPO opens on Nov 22, 2023. The closing date of Cyient DLM IPO and Tata Technologies IPO is Jun 30, 2023, and Nov 24, 2023, respectively.

	Cyient DLM IPO	Tata Technologies IPO
Anchor Bid Date	Jun 26, 2023	Nov 21, 2023
Issue Open	Jun 27, 2023	Nov 22, 2023
Issue Close	Jun 30, 2023	Nov 24, 2023
Basis Of Allotment (Tentative)	Jul 04, 2023	Nov 28, 2023
Initiation of Refunds (Tentative)	Jul 05, 2023	Nov 29, 2023
Credit of Share (Tentative)	Jul 06, 2023	Nov 29, 2023
Listing date (Tentative)	Jul 10, 2023	Nov 30, 2023
Anchor Lockin End date 1	Aug 03, 2023	Dec 28, 2023
Anchor Lockin End date 2	Oct 02, 2023	Feb 26, 2024

Financials

Cyient DLM IPO P/E ratio is 66.25, as compared to Tata Technologies IPO P/E ratio of 32.53.

Cyient DLM IPO

Tata Technologies 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

Tata Technologies Limited Financial Information (Restated Consolidated)

Tata Technologies Limited's revenue increased by 25.81% and profit after tax (PAT) rose by 42.8% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,142.42	5,201.49	4,218.00	3,572.74
Revenue	2,587.42	4,501.93	3,578.38	2,425.74
Profit After Tax	351.90	624.04	436.99	239.17
Net Worth	2,853.13	2,989.47	2,280.16	2,142.15
Reserves and Surplus	2,455.29	2,605.60	2,028.93	1,897.46
Total Borrowing
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

92.84%

66.79%

Promoter Shareholding (Post-Issue)

66.68%

55.39%

P/E Ratio

66.25

32.53

Market Cap

₹2101.00 Cr.

₹20283.43 Cr.

ROE

23.1%%

ROCE

13.48%%

Debt/Equity

EPS

₹10.07

₹15.37

RoNW

30.45%%

20.87%%

Shares Offered

In the Cyient DLM IPO retail investors (RII) are offered 21,77,358 shares while in Tata Technologies IPO retail investors are offered 21,77,358 shares. Qualified institutional buyers (QIB) are offered 65,32,076 shares in Cyient DLM IPO and 1,05,47,382 shares in Tata Technologies IPO.

	Cyient DLM IPO	Tata Technologies IPO
Anchor Investor Reserveration	97,98,113 shares	1,58,21,071 shares
Market Maker Reserveration
QIB	65,32,076 shares	1,05,47,382 shares
NII	32,66,037 shares	79,10,537 shares
RII	21,77,358 shares	1,84,57,919 shares
Employee	6,02,167 shares	20,28,342 shares
Others
Total	1,25,77,638 shares	4,50,29,207 shares

Bids Received (Subscription)

Cyient DLM IPO subscribed 71.35x in total, whereas Tata Technologies IPO subscribed 69.43x.

	Cyient DLM IPO	Tata Technologies IPO
QIB (times)	95.87x	203.41x
NII (times)	47.75x	62.11x
Big NII (times)	50.48x	70.67x
Small NII (times)	42.31x	44.98x
RII (times)	52.17x	16.50x
Employee (times)	2.60x	3.70x
Other (times)		29.20x
Total (times)	71.35x	69.43x

Compare with others

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Yatharth Hospital IPO	Cyient DLM IPO
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Tata Technologies IPO	Udayshivakumar Infra IPO
Nexus Select Trust REIT	Global Surfaces IPO

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