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Cyient DLM Limited IPO Detail

Cyient DLM Limited IPO Detail

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 Promoters

Promoter of the company is Cyient Limited.

IPO Details

The below given IPO details are not confirmed yet by the officials. We will make the changes according to the official announcements. Stay tuned for the updates.

IPO Opening DateJun 27, 2023
IPO Closing DateJun 30, 2023
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹250 - 265 per equity share
Market Lot56 Shares
Min Order Quantity56 Shares
Listing AtBSE, NSE
Issue Size₹592.00 Cr
Fresh Issue22,339,623 shares (aggregating up to ₹592.00 Cr)
Offer for Sale-
Employee Discount₹Rs 15 per share
Retail Portion 10.00%

IPO Tentative Timetable

The Cyient DLM Limited IPO open date is Jun 27, 2023, and the close date is Jun 30, 2023. The issue may list on Jul 10, 2023.

IPO Open DateJun 27, 2023
IPO Close DateJun 30, 2023
Basis of Allotment DateJul 05, 2023
Initiation of RefundsJul 06, 2023
Credit of Shares to Demat AccountJul 07, 2023
IPO Listing DateJul 10, 2023

IPO Lot Size

The Cyient DLM Limited IPO market lot size is 56 shares. A retail-individual investor can apply for up to 13 lots (728 shares or ₹192920).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding92.84%
Post Issue Share Holding66.68%

Company Financials:

For the year/period ended (₹ in Crore)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 645.03 636.91 11.81
31-Mar-22 776.91 728.48 39.80
31-Mar-23 1104.72 838.34 31.73

Objects of the Issue:

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 Limited IPO Registrar:

KFin Technologies Limited

Cyient DLM Limited IPO Lead Manager(s):

Axis Capital Limited Jm Financial Limited

Company Contact Information:

Cyient DLM Limited

3 rd Floor, Plot No. 11, Software Units Layout, Infocity, Madhapur