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Cyient DLM Limited IPO (Cyient DLM IPO) Detail

June 27, 2023 - June 30, 2023

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.

Cyient DLM IPO Details

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 Size22,339,623 shares
(aggregating up to ₹592.00 Cr)
Fresh Issue22,339,623 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 post issue79,281,094

Cyient DLM IPO Reservation

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 OfferedMaximum Allottees
Anchor Investor Shares Offered9,798,113 (43.79%)NA
QIB Shares Offered6,532,076 (29.19%)NA
NII (HNI) Shares Offered3,266,037 (14.60%)
  bNII > ₹10L2,177,358 (9.73%)2,777
  sNII < ₹10L1,088,679 (4.87%)1,388
Retail Shares Offered2,177,358 (9.73%)38,881
Employee Shares Offered602,167 (2.69%)NA
Total Shares Offered22,375,751 (100%)

Cyient DLM IPO Anchor Investors Details

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 Timeline (Tentative Schedule)

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

Cyient DLM IPO Lot Size

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

Cyient DLM IPO Promoter Holding

Promoter of the company is Cyient Limited.

Share Holding Pre Issue 92.84%
Share Holding Post Issue 66.68%

About Cyient DLM Limited

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:

  1. Printed circuit board ("PCB") assembly ("PCBA"),
  2. Cable harnesses, and
  3. Box builds which are used in safety critical systems such as cockpits, inflight systems, landing systems, and medical diagnostic equipment.

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.

Company Financials

Cyient DLM Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20593.49464.91-6.7025.7124.34261.37
31-Mar-21645.03636.9111.8137.6536.29233.77
31-Mar-22776.91728.4839.8077.1175.75293.19
31-Mar-231,104.72838.3431.73197.87145.01314.47
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Cyient DLM IPO is Rs 2101 Cr.

KPI Values
ROE23.1%
ROCE13.48%
RoNW30.45%
Pre IPO Post IPO
EPS (Rs) 10.07
P/E (x) 66.25

Objects of the Issue (Cyient DLM IPO Objectives)

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Funding incremental working capital requirements of the company,
  2. Funding capital expenditure of the company,
  3. Repayment/prepayment, in part or full, of certain of the borrowings,
  4. Achieving inorganic growth through acquisitions, and
  5. General corporate purposes.

Cyient DLM IPO Review (May apply)

[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...


Cyient DLM IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
QIB95.87
NII47.75
    bNII (bids above ₹10L)50.48
    sNII (bids below ₹10L)42.31
Retail52.17
Employee2.60
Total71.35

Total Application : 1,662,839 (42.77 times)

Cyient DLM IPO Prospectus

Cyient DLM IPO Rating

23
4.6
Rating:Rated 4.6 stars
Vote Here ...

Cyient DLM IPO Listing Details

Listing Date July 10, 2023
BSE Script Code 543933
NSE Symbol CYIENTDLM
ISIN INE055S01018
Final Issue Price ₹265 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

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

Check IPO Performance…

Cyient DLM Limited Contact Details

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/

Cyient DLM IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: cyientdlm.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Cyient DLM IPO - Buy or Not

Cyient DLM IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 12 0 0
Members 8 1 0

Read All Reviews Post Your Review Manage Reviews

Cyient DLM IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Cyient DLM IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Cyient DLM IPO listing date is on July 10, 2023.
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Cyient DLM IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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1041 Comments

505. Pratham |   Link |  Bookmark |July 25, 2023 1:24:38 AM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
Exited
Would be available lower at better valuations soon.
504. Gujju IPO |   Link |  Bookmark |July 23, 2023 10:23:19 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
CYIENT DLM
(CONSOLIDATED)

Q1FY24 – Performance

YoY Rev at 217Cr Vs 170Cr ⬆️27%
QoQ Rev at 217Cr Vs. 277Cr⬇️21%

Year ended Rev: 832Cr

YoY PAT at 5.3Cr vs 6.3Cr ⬇️15.8%
QoQ PAT at 5.3Cr Vs 12.5Cr ⬇️57.6%

Year ended PAT: 31.7Cr

Q4EPS at 0.99Rs vs 2.57Rs Vs. 2.38Rs

Year ended EPS: 7.75Rs
503. Vishal mishra |   Link |  Bookmark |July 21, 2023 10:51:43 PM
Cyient post poorest result today book profit
503.2. harit |   Link |  Bookmark |July 24, 2023 4:45:12 PM
Absorbed all selling pressure despite bad numbers
503.3. Sharvam |   Link |  Bookmark |July 24, 2023 5:25:18 PM
IPO Guru IPO Guru (1100+ Posts, 800+ Likes)
Yes soak all the selling after few minutes of opening. This counter is rock solid even after reporting dismal numbers.
502. Dr. IPO |   Link |  Bookmark |July 18, 2023 10:19:42 PM
Holding 340 shares of cyient dlm.
All the experts pls suggest what to do tomorrow. As the stock is falling crazy
502.1. harit |   Link |  Bookmark |July 19, 2023 5:27:31 PM
How can you say that stock is falling crazy?
It's 25% above listing price and 90% above overall.
Just corrected 10% of ATH
it's normal
If you have appetite to hold for 2-3qtrs than it can give you handsome profit from here
But if you are short term investor for listing gains than sell it
501. MOHIT JAIN |   Link |  Bookmark |July 14, 2023 5:46:06 PM
The interest shown by qib was not shown on actual listing day.
500. BullsEyee |   Link |  Bookmark |July 13, 2023 12:46:30 AM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
sari public shni mein aagai
499. ipobull |   Link |  Bookmark |July 12, 2023 12:28:53 PM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
The valuation parameter of the stock has sky rocketed beyond its fundamentals. Just exit at current levels. It will not sustain. At least, there will be considerable fall after results are declared. Too much hype. With semiconductor chip shortage in India, these valuations do not justify.
499.1. CB🤗 |   Link |  Bookmark |July 18, 2023 12:10:19 AM
IPO Mentor IPO Mentor (1300+ Posts, 400+ Likes)
Seems it is going to repeat Kaynes story. It appears even 100PE is attractive to investors in this domain due to future prospects. I had exited in hope to catch at lower levels but market sentiments for this sector is too bullish. Chances of touching 1k by December is high Despite this feeling I will not jump due to high PE an curtailed risk level. Learnt hard last FY with only 100rs STG with 15k charges.
498. IPO Guide |   Link |  Bookmark |July 12, 2023 10:56:55 AM
@Admin @ Chittorgarh.com , @Prachi @ Team Chittorgarh.com 

https://www.chittorgarh.com/ipo_basis_of_allotment/cyient-dlm-ipo/1446/

No basic allotment displayed only image name displayed.
497. unleashed |   Link |  Bookmark |July 12, 2023 10:27:00 AM
Sold all 784 (BHNI allotment) @498 average price.
Fundamentally looking overpriced at current valuation. Will buy again in 400-450 range for long term as the company is fundamentally strong.
496. BullsEyee |   Link |  Bookmark |July 12, 2023 12:11:18 AM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Aa mota bhai nu Share Che
495. ipobull |   Link |  Bookmark |July 11, 2023 2:26:10 PM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
Read the following. you should find it interesting.

495.2. ipobull |   Link |  Bookmark |July 11, 2023 10:05:32 PM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
@UjjwalG
If you want to be safer, then FD is a better option. The thing is that how many years one can wait to make money. For not losing, there is always Stop loss option in trading sites
495.3. G.K. Goyal |   Link |  Bookmark |July 15, 2023 12:03:29 AM
Didn't find anything interesting though.
494. SOAM |   Link |  Bookmark |July 11, 2023 1:42:10 PM
Top Contributor Top Contributor (700+ Posts, 100+ Likes)
FOMO in Cyient. Sold everything yesterday at 404. 100 rs missed. Catch almost 200 rs n ideaforge. somehow compensation done.
494.1. Rishi.ipo |   Link |  Bookmark |July 11, 2023 5:16:02 PM
If somehow it would have went down today it would be called "Not being greedy".
493. FARHAN |   Link |  Bookmark |July 11, 2023 12:56:46 PM (200+ Posts)
Holding both
1 lot
492. Sharvam |   Link |  Bookmark |July 11, 2023 12:17:30 PM
IPO Guru IPO Guru (1100+ Posts, 800+ Likes)
Yesterday I haven't sold any share. Today started selling at 440 in a bunch of 100 shares.
Avg price 475 for 684 shares.... Still 100 shares remaining.
491. Sharvam |   Link |  Bookmark |July 11, 2023 11:40:14 AM
IPO Guru IPO Guru (1100+ Posts, 800+ Likes)
Boom Boom
490. Bhupender |   Link |  Bookmark |July 11, 2023 11:37:47 AM
Upper circuit in cyient.
489. Prasen Ipo |   Link |  Bookmark |July 11, 2023 11:34:50 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
20% circuit....
488. AAvi |   Link |  Bookmark |July 11, 2023 10:17:57 AM
As of now has become more profitable than ideaForge.
487. 👑 King HR |   Link |  Bookmark |July 11, 2023 9:54:08 AM
Cyient dlm bulk deal

486. ganesh ipo |   Link |  Bookmark |July 10, 2023 3:32:48 PM
Ref : https://www.chittorgarh.com/images/screenshots/Cyient-DLM-IPO-Basis-of-Allotment.jpg

1) As per the Basis of allotment, who ever applied in category 6552 - 37744 did not get any shares ?
2) What does the below statement indicates ?

One lot of 784 shares have been allocated to All the applicants from Serial No 218 to 232 ?

Experts please throw some light ?
486.1. AAvi |   Link |  Bookmark |July 10, 2023 7:08:42 PM
I am no expert but reasons are as under:
Point 1. The issue was subscribed 50 times appx. So, the allocation ratio was 1:8. Also, a minimum of 4 applications were required in each lot category to be eligible for lottery. Therefore all the lots having applications less than four got nothing (didn't participate in lottery). So, as this is only sample, there may be many more higher lots who wouldn't have got anything.
Point 2. It appears to be a typo error. I think it could be one additional share. I may be wrong. Because it's all lottery in BHNI specially in such a hy subscribed IPO.