Cyient DLM IPO

Cyient DLM IPO will open for subscription from 27 June 2023. the company aims for an issue size of ₹592 Cr through this IPO.

Company Overview

Full nameCyient DLM Limited
SectorCapital Goods
IndustryElectrical Equipment
Company Website

About Company

Incorporated in 1993, Cyient DLM is one of the leading integrated Electronic Manufacturing Services (‘EMS’) and solutions providers with strong capabilities across the value chain and the entire life cycle of a product. With over two decades of experience in developing high-mix, low-to-medium volume highly complex systems, it is a qualified supplier to global OEMs in the aerospace and defense, medical technology, and industrial sectors.

The company provides clients with Electronic Manufacturing Services such as Build to Print (‘B2P’) and Build Specification (‘B2S’) services. B2P solutions involve clients designing the product for which it 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 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, Molbio 152 Diagnostics Private Limited, and so on.

The company’s manufacturing infrastructure comprises three facilities spread across two states in India, at Mysuru, Hyderabad, and Bengaluru, with a total manufacturing area of 229,061 sq. ft. Mysuru facility has a manufacturing area of 65,929 sq. ft.

The Objective of the Issue

  • 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 IPO Timetable

IPO Opening date27 June 2023
IPO Closing30 June 2023
Basis of Allotment05 July 2023
Initiation Refund06 July 2023
Credit to Demat Account07 July 2023
Listing Date10 July 2023

Cyient DLM IPO details

Issue typeBook Built Issue IPO
IPO issue size₹592 Cr – 22,339,623 shares
Fresh Issue₹592 Cr – 22,339,623 shares
Offer for saleNil
Face value₹10 per share
Price Band₹250 to ₹265 per share
Lot size56 Shares
Retail Allocation10%
Employee Discount₹ 15 per share
Listing ExchangeBSE & NSE

IPO Lot Size

Retail (Min)156₹14,840
Retail (Max)13728₹192,920
S-HNI (Min)14784₹207,760
S-HNI (Max)673,752₹994,280
B-HNI (Min)683,808₹1,009,120

Reservation Details

QIB Shares Offered75%
NII (HNI) Shares Offered15%
Retail Shares Offered10%

Financial Performance

 FY 2021FY 2022FY 2023
Net income11.8139.8031.73
Margin (%)1.885.523.81
(Amount in ₹ Crores)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio32.26 – 34.19
RONW (%)31.3851.6116.03
ROCE (%)11.4817.5613.48
EBITDA (%)7.3211.6610.55

Company Promoters

  • Cyient Limited.

Promoter Holding

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

Lead Manager(s)

  • Axis Capital Limited
  • Jm Financial Limited

IPO Registrar

Selenium, Tower B, Plot No. 31 and 32 Financial
District Nanakramguda, Serilingampally Hyderabad,
Rangareddi 500 032 Telangana, India
Phone: +91 40 6716 2222 / 18003094001

Contact Details

347, D1 & 2, KIADB Electronics City,
Hebbal Industrial Area, Mysuru 570 061, Karnataka
Phone: +91 821 4000 500

Allotment Status

Cyient DLM IPO allotment will be available on the KFin Tech website. Click on this link to get allotment status.

Final thoughts

Cyient DLM IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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