Cyient DLM IPO Details | GMP, Date, Price, Review, Allotment

Cyient DLM IPO Details ( Cyient DLM Limited IPO Review )

(27 Jun 2023 – 30 Jun 2023)

Established in 1993, Cyient DLM Limited specializes in offering Electronic Manufacturing Services (EMS) and solutions.

The company provides a range of Electronic Manufacturing Services, including Build to Print (B2P) and Build to Specification (B2S) solutions. With B2P services, clients provide the product design, and Cyient DLM delivers flexible and agile manufacturing services. In contrast, B2S services involve designing the product according to client specifications and handling the manufacturing process.

Cyient DLM’s solutions primarily focus on:

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

The company serves an extensive client base, including renowned companies such as Honeywell International Inc. (Honeywell), Thales Global Services S.A.S (Thales), ABB Inc, Bharat Electronics Limited, Molbio 152 Diagnostics Private Limited, and more.

Cyient DLM Limited Company Product

1. PCB Assembly
   • Surface Mount Device assembly
   • Plated Through Hole assembly
2. Cable Harnesses
3. Box Builds
   • Aerospace application: Electronics that we manufacture may be used in Avionics
     engine control, cockpit communication, auxiliary power supply unit, door control
     unit, USB charger, parachute ejection systems, aircraft lighting and GPS systems.
   • Defence applications: RADAR electronics, communication, computers, power
     supply, ground equipment, ground radio communication systems.
   • Medical applications: Electronics and devices we manufacture may be used in
     patient monitoring systems, x-ray electronics, diagnostic equipment, electronics for
     MRI, ECG and ultrasound scanners, NIBP controllers, patient assistance systems like
     sensor mats and emergency call, chest sensor electronics and pulse oximeter, Hb
     monitoring devices, portable vaccination refrigerators.
   • Industrial applications: These may include oil and gas measurement equipment,
     control electronics for color mixing and dispensing equipment, fuel dispensing
     controllers and display electronics, controllers for temperature and room
     environment, IoT controllers.
   • Railway applications: Railway signaling, train protection and warning systems and
     vehicle control units.

Cyient DLM Limited IPO Competitive Strength

• Ability to provide integrated engineering solutions with strong capabilities across the product value chain
• High entry barriers for our competitors due to our technical expertise, capabilities in safety-critical electronics in highly regulated industries and customer engagement
• Robust and industry leading order book with marquee customers, with whom we enjoy sustained and long-standing relationships as their preferred partner
• World class manufacturing infrastructure, stringent quality, diverse in-house capabilities and robust supply chain, enabling us to provide high quality end-to end integrated solutions to our customers
• Strong parentage of our Promoter, Cyient Limited, and a long history of industry expertise, an experienced Board and senior management team
• Strengthening our core capabilities across focus industries and building scale
• Strengthen our B2S value proposititon by investing in design capabilities to enhance our value addition and increase ownership in our engagements
• Expanding inorganically to increase our geographic footprint and proximity with clients, further strengthen our capabilities and gain access to target customers
• Strengthening our supply chain ecosystem and building on our operational efficiency
• Further enhancing our capabilities in after-market services and value-added services, and exploring new adjacencies

Cyient DLM IPO Financials Performance ( Results )

Cyient DLM Limited Financial Information ( Restated )

All Amount in ₹ Crores

Period Ended	Total Assets	Total Revenue	PAT	EPS (₹)	Net Worth	NAV (₹)	Reserves	Borrowing
31-Mar-20	593.49	464.91	-6.70	2.72	25.71	10.45	24.34	261.37
31-Mar-21	645.03	636.91	11.81	4.80	37.65	15.30	36.29	233.77
31-Mar-22	776.91	728.48	39.80	16.17	77.11	31.34	75.75	293.19
31-Mar-23	1,104.72	838.34	31.73	13.83	197.87	61.66	145.01	314.47

Objective of IPO 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
• General corporate purposes

Cyient DLM IPO Basic Details

IPO Date	Jun 27, 2023 to Jun 30, 2023
Listing Date	Monday, July 10, 2023
Face Value	₹10 per share
Price	₹250 to ₹265 per share
Lot Size	56 Shares
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	NSE, BSE
Share holding pre issue	56,941,471
Share holding post issue	79,281,094
Company Promoters	Cyient Limited is The Promoter of Our Company

Cyient IPO Reservation

QIB Shares Offered	75% of the Net Issue
NII (HNI) Shares Offered	15% of the Net Issue
Retail Shares Offered	10% of the Net Issue

Cyient DLM IPO Timetable

Cyient DLM IPO will open on June 27, 2023 and close on June 30, 2023. You can join Cyient DLM IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Event	Date
Opening Date	27 June 2023 (Tuesday)
Closing Date	30 June 2023 (Friday)
Basis of Allotment	4 July 2023 (Wednesday)
Initiation of Refunds	5 July 2023 (Thursday)
Credit of Shares to Demat	6 July 2023 (Friday)
Listing Date	7 July 2023 (Monday)

Cyient DLM IPO Lot Size

For retail investors in Cyient DLM IPO, 56 shares will come in 1 lot or the minimum investment will be ₹14,840. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹192,920.

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

Cyient DLM IPO Promoter Holding

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

Cyient DLM IPO Valuation – FY2022

Earning Per Share (EPS)	₹7.75 per Equity Share
Price/Earning P/E Ratio	66.25
Return on Net Worth (RoNW)	16.03%
Net Asset Value (NAV)	₹31.34 per Equity Share
Upper Price/Book Value (Price/BV) Ratio	Coming Soon

Cyient DLM Ltd Key Performance Indicator

KPI	Values
Market Cap (₹ Cr.)	2102
P/E (x)	66.25
ROE (%)	23.10
ROCE (%)	13.48
Debt/Equity	Coming Soon

Cyient DLM Ltd Peer Comparison

Company Name	Consolidated/ Standalone	CPM (₹)	Face Value	EPS (₹)	P/E Ratio	RoNW (%)	NAV (₹)
Cyient DLM Limited	Consolidated	NA	10	16.17	66.25	51.61	31.34
Peer Group
Syrma SGS Technology Ltd	Consolidated	270.40	10	5.25	52.30	12.65	42.36
Kaynes Technology India Limited	Consolidated	755.30	10	8.93	84.58	20.54	43.12
DCX Systems Limited	Consolidated	212.65	10	9.19	23.14	55.79	15.19

Cyient DLM IPO GMP Live Update, Kostak Rate day by day

Date	GMP	Kostak	Subject to
9 July 2023	₹158	–	–
8 July 2023	₹150	–	–
7 July 2023	₹130	–	–
6 July 2023	₹120	–	–
5 July 2023	₹120	–	–
4 July 2023	₹115	–	–
3 July 2023	₹125	–	–
2 July 2023	₹125	–	–
1 July 2023	₹125	–	–
30 June 2023	₹108	–	–
29 June 2023	₹108	–	–
28 June 2023	₹105	–	–
27 June 2023	₹96	–	–
26 June 2023	₹98	–	–
25 June 2023	₹100	–	–

Cyient DLM IPO Detail Video:

Cyient DLM IPO Subscription Status (Bidding Detail)

The Cyient DLM IPO on June 30, 2023 at 7:29:00 PM was subscribed 71.35 times, with the retail category being subscribed 52.17 times, the NII (Non-Institutional Investor) category being subscribed 47.75 times and the QIB (Qualified-Institutional Buyers) category being subscribed 95.87 times.

Category	Subscription
QIB	95.87x
NII	47.75x
Retail	52.17x
Employee	2.60x
Total	71.35x

Cyient DLM IPO Prospectus

Cyient DLM IPO DRHP	Download
Cyient DLM IPO RHP	Download

Cyient DLM IPO Rating

Our Rating

3.5/5.0

Cyient DLM Company Contact Information

Cyient DLM Limited

Registered Office: 3rd Floor, Plot No. 11, Software Units Layout, Infocity,
Madhapur, Hyderabad 500 081, Telangana, India
Corporate Office: 347, D1 & 2, KIADB Electronics City, Hebbal Industrial Area,
Mysuru 570 061, Karnataka, India
Tel: +91 821 4000 500
Website: www.cyientdlm.com
Contact Person: Parvati K R, Company Secretary and Compliance Officer
E-mail: company.secretary@cyientdlm.com
Corporate Identity Number: U31909TG1993PLC141346

Cyient DLM IPO Registrar

KFin Technologies Limited

Registered Office: Selenium, Tower B, Plot No. 31 and 32
Financial District Nanakramguda, Serilingampally
Hyderabad, Rangareddi 500 032, Telangana, India
Tel: +91 40 6716 2222 / 18003094001
E-mail: cyientdlm.ipo@kfintech.com
Website: www.kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Contact person: M Murali Krishna
SEBI Registration Number: INR000000221

Cyient DLM IPO Lead Manager

Axis Capital Limited

Registered Office: 1st Floor, C-2, Axis House
Wadia International Centre P.B. Marg, Worli
Mumbai 400 025, Maharashtra, India
Tel: +91 22 4325 2183
E-mail: cyient.ipo@axiscap.in
Investor grievance e-mail: complaints@axiscap.in
Website: www.axiscapital.co.in
Contact person: Pavan Naik / Jigar Jain
SEBI registration no.: INM000012029

JM Financial Limited

Registered Office: 7th Floor, Cnergy Appasaheb Marathe Marg
Prabhadevi Mumbai 400 025, Maharashtra, India
Tel: +91 22 6630 3030
E-mail: cyient.ipo@jmfl.com
Investor grievance e-mail: grievance.ibd@jmfl.com
Website: www.jmfl.com
Contact Person: Prachee Dhuri
SEBI Registration No.: INM000010361

Cyient DLM IPO FAQs