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:
- Printed circuit board ("PCB") assembly ("PCBA"),
- Cable harnesses, and
- 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
| IPO Opening Date | Jun 27, 2023 |
| IPO Closing Date | Jun 30, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹250 - 265 per equity share |
| Market Lot | 56 Shares |
| Min Order Quantity | 56 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹592.00 Cr |
| Fresh Issue | 22,339,623 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 Date | Jun 27, 2023 |
| IPO Close Date | Jun 30, 2023 |
| Basis of Allotment Date | Jul 05, 2023 |
| Initiation of Refunds | Jul 06, 2023 |
| Credit of Shares to Demat Account | Jul 07, 2023 |
| IPO Listing Date | Jul 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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 56 | ₹14840 |
| Maximum | 13 | 728 | ₹192920 |
IPO Promoter Holding
| Pre Issue Share Holding | 92.84% |
| Post Issue Share Holding | 66.68% |
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:
- Funding incremental working capital requirements of the company,
- Funding capital expenditure of the company,
- Repayment/prepayment, in part or full, of certain of the borrowings,
- Achieving inorganic growth through acquisitions, and
- 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
Hyderabad
Hyderabad
