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Cyient DLM IPO is a book built issue of Rs 592.00 crores. The issue is entirely a fresh issue of 2.23 crore shares.
Cyient DLM IPO bidding started from June 27, 2023 and ended on June 30, 2023. The allotment for Cyient DLM IPO was finalized on Tuesday, July 4, 2023. The shares got listed on BSE, NSE on July 10, 2023.
Cyient DLM IPO price band is set at ₹250 to ₹265 per share. The minimum lot size for an application is 56 Shares. The minimum amount of investment required by retail investors is ₹14,840. The minimum lot size investment for sNII is 14 lots (784 shares), amounting to ₹207,760, and for bNII, it is 68 lots (3,808 shares), amounting to ₹1,009,120.
The issue includes a reservation of up to 602,167 shares for employees offered at a discount of Rs 15 to the issue price.
Axis Capital Limited and Jm Financial Limited are the book running lead managers of the Cyient DLM IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Cyient DLM IPO RHP for detailed information.
| IPO Date | June 27, 2023 to June 30, 2023 |
| Listing Date | July 10, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹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 offers 22,375,751 shares. 6,532,076 (29.19%) to QIB, 3,266,037 (14.60%) to NII, 2,177,358 (9.73%) to RII, 602,167 (2.69%) to employees 9,798,113 (43.79%) to Anchor investors. 38,881 RIIs will receive minimum 56 shares and 1,388 (sNII) and 2,777 (bNII) will receive minimum 784 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 9,798,113 (43.79%) | NA |
| QIB Shares Offered | 6,532,076 (29.19%) | NA |
| NII (HNI) Shares Offered | 3,266,037 (14.60%) | |
| bNII > ₹10L | 2,177,358 (9.73%) | 2,777 |
| sNII < ₹10L | 1,088,679 (4.87%) | 1,388 |
| Retail Shares Offered | 2,177,358 (9.73%) | 38,881 |
| Employee Shares Offered | 602,167 (2.69%) | NA |
| Total Shares Offered | 22,375,751 (100%) |
Cyient DLM IPO raises Rs 259.65 crore from anchor investors. Cyient DLM IPO Anchor bid date is June 26, 2023. Cyient DLM IPO Anchor Investors list
| Bid Date | June 26, 2023 |
| Shares Offered | 9,798,113 |
| Anchor Portion Size (In Cr.) | 259.65 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 3, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 2, 2023 |
Cyient DLM IPO opens on June 27, 2023, and closes on June 30, 2023.
| IPO Open Date | Tuesday, June 27, 2023 |
| IPO Close Date | Friday, June 30, 2023 |
| Basis of Allotment | Tuesday, July 4, 2023 |
| Initiation of Refunds | Wednesday, July 5, 2023 |
| Credit of Shares to Demat | Thursday, July 6, 2023 |
| Listing Date | Monday, July 10, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 30, 2023 |
Investors can bid for a minimum of 56 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 | |||
Promoter of the company is Cyient Limited.
| Share Holding Pre Issue | 92.84% |
| Share Holding Post Issue | 66.68% |
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:
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.
| 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 | ||||||
The market capitalization of Cyient DLM IPO is Rs 2101 Cr.
| KPI | Values |
|---|---|
| ROE | 23.1% |
| ROCE | 13.48% |
| RoNW | 30.45% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 10.07 | |
| P/E (x) | 66.25 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company has created a niche place in EMS and solutions-providing segment. It is poised to tap the bright prospects with its plans afoot. Post-IPO, the reduction in its debt will save its financial cost and increase earnings. However, based on its FY23 financials, the issue is fully priced. Well-informed/cash surplus investors may park funds for long-term rewards. Read detail review...
The Cyient DLM IPO is subscribed 71.35 times on June 30, 2023 7:02:00 PM. The public issue subscribed 52.17 times in the retail category, 95.87 times in the QIB category, and 47.75 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 95.87 |
| NII | 47.75 |
| bNII (bids above ₹10L) | 50.48 |
| sNII (bids below ₹10L) | 42.31 |
| Retail | 52.17 |
| Employee | 2.60 |
| Total | 71.35 |
Total Application : 1,662,839 (42.77 times)
| Listing Date | July 10, 2023 |
| BSE Script Code | 543933 |
| NSE Symbol | CYIENTDLM |
| ISIN | INE055S01018 |
| Final Issue Price | ₹265 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹265.00 |
| ₹401.00 |
| ₹401.00 |
| ₹426.45 |
| ₹420.75 |
| NSE |
|---|
| ₹265.00 |
| ₹403.00 |
| ₹403.00 |
| ₹427.00 |
| ₹420.60 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: cyientdlm.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Cyient DLM IPO is a main-board IPO of 22,339,623 equity shares of the face value of ₹10 aggregating up to ₹592.00 Crores. The issue is priced at ₹250 to ₹265 per share. The minimum order quantity is 56 Shares.
The IPO opens on June 27, 2023, and closes on June 30, 2023.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Cyient DLM IPO using UPI as a payment gateway. Zerodha customers can apply in Cyient DLM IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Cyient DLM IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Cyient DLM IPO opens on June 27, 2023 and closes on June 30, 2023.
Cyient DLM IPO lot size is 56 Shares, and the minimum amount required is ₹14,840.
You can apply in Cyient DLM IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Cyient DLM IPO will be done on Tuesday, July 4, 2023, and the allotted shares will be credited to your demat account by Thursday, July 6, 2023. Check the Cyient DLM IPO allotment status.
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Would be available lower at better valuations soon.