Cyient DLM IPO – Schedule *(FINAL – RHP Page #334)*
22nd June – Announcement of Price Band
26th June – Anchor Investors Allotment
27th June – Offer Opens
30th June – Offer Closes
05th July – Finalisation of Basis of Allotment
06th July – Unblocking of funds from ASBA Account
07th July – Credit of Equity Shares to Demat accounts
10th July – Commencement of Trading
Cyient DLM IPO – Issue Information *(TENTATIVE)*
Issue Opens on: 27th June 2023
Issue Closes on: 30th June 2023
Issue Type: Book Built Issue IPO
Issue Size: 2,23,39,622 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.250 – Rs.265 Share *(TENTATIVE)*
Discount: ?? (for Employees)
Market Lot: 56 Shares
Listing At: NSE, BSE
Equity Shares outstanding prior to the Issue = 5,69,41,471 Shares
Fresh Issue of 2,23,39,622 Shares @265/- = Rs.592.00Crs
Offer for Sale of NIL Shares @265/- = Rs.NIL Crs
Equity Shares outstanding after the Issue = 7,92,81,093 Shares
Category-wise Break up:
Anchor – 97,98,113 Shares = 259.65Crs
QIB – 65,32,076 Shares = 173.10Crs
B-NII (>10L) – 21,77,359 Shares = 57.70Crs (Lot size: 784 = 2,777 Forms)
S-NII (2L-10L) – 10,88,678 Shares = 28.85Crs (Lot size: 308 = 1,368 Forms)
RII (<2L) – 21,77,359 Shares = 57.70Crs (Lot size: 22 = 38,309 Forms)
Employees – 5,66,037 Shares = 15.00Crs (@265/-)
Total Issue – 2,23,39,622 Shares = 592.00Crs.
Cyient DLM IPO – Financial Information (Basis of Valuation)
The information is collated from the following documents:
1) RHP = Red Herring Prospectus Dated June 19, 2023 (375 pages)
EPS for FY20-21 >>> Rs.04.80 (Page #105 of RHP)
EPS for FY21-22 >>> Rs.16.17 (Page #105 of RHP)
*EPS for FY22-23 >>> Rs.07.75 (Page #105 of RHP)*
RoNW for FY20-21 >>> 31.38% (Page #106 of RHP)
RoNW for FY21-22 >>> 51.61% (Page #106 of RHP)
*RoNW for FY22-23 >>> 16.03% (Page #106 of RHP)*
NAV as on 31st March 2023, was Rs.48.33 (Page #106 of RHP)
Listed Industry Peer Group (Page #110 of RHP): Syrma SGS Technology, Kaynes Technology India, DCX Systems
Cyient DLM IPO – *Required for 1X Subscription*:
Anchor = 259.65Crs
QIB = 173.10Crs
B-NII (>10L) Application = 2,777 Forms (for lotsize of 784)
S-NII (2L-10L) Application = 1,389 Forms (for lotsize of 784)
RII (<2L) Application = 38,881 Forms (for lotsize of 56)