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cyient dlm ipo

Cyient DLM IPO

  • Status: Closed
  • RHP:
  • ₹ 14,000 / 56 shares

    Minimum Investment

IPO Details

  • Open Date

    27 Jun 2023

  • Close Date

    30 Jun 2023

  • IPO Price Range

    ₹ 250 to ₹ 265

  • IPO Size

    ₹ 592 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    10 Jul 2023

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Cyient DLM IPO Subscription Status

Last Updated: 01 July 2023 12:29 AM by 5Paisa

Cyient DLM Limited provides Electronic Manufacturing Services (EMS) and solutions its IPO opens on 27th June and closes on 30th June.

The issue consists of a fresh issue of 22,339,623 shares (aggregating up to ₹592.00 Cr). The price band for the issue is fixed at Rs.250 to Rs. 265 per share. The lot size is set for 56 shares per lot. The shares will be allotted on the 5th of July and the issue will be listed on the 10th July on the stock exchanges.

The book-running lead manager to the offer are Jm Financial Limited and Axis Capital Ltd.

Objectives of Cyient DLM IPO

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 Video:

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.

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.

For More Information:
Webstory on Cyient DLM IPO
Cyient DLM IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY21 FY20
Revenue 7,205.33 6,280.28 4,570.87
EBITDA 840.4 459.44 137.32
PAT 397.95 118.14 -67.04
Particulars (in Rs. Crores) FY22 FY21 FY20
Total Assets 7,769.14 6,450.31 5,934.94
Share Capital 13.67 13.67 13.67
Total Borrowings 2,931.93 2,337.65 2,613.71
Particulars (in Rs. Crores) FY22 FY21 FY20
Net cash generated from / (used in) operating activities 485.37 349.28 162.28
Net cash from / (used in) investing activities -324.14 -9.01 -883.46
Net cash flow from / (used in) financing activities 460.67 -428.16 722.79
Net increase (decrease) in cash and cash equivalents 621.9 -87.89 1.61


Peer Comparison

There are no listed companies in India that engage in a business similar to that of this company


Strengths

1. Cyient DLM Ltd has the ability to provide integrated engineering solutions with strong capabilities across the product value chain
2. The industry has high entry barriers for the company’s competitors due to the technical expertise, capabilities in safety-critical electronics in highly regulated industries and customer engagement
3. The company has robust and industry-leading order book with marquee customers, with whom it enjoys sustained and long-standing relationships as their preferred partner.
 

Risks

1. The company’s business is dependent on the sale of its products to certain key customers. The loss of any of its key customers or loss of revenue from sales to the customers could have a material adverse effect on its business, results of operations, financial condition, and cash flow.
2. The company is highly dependent on its Promoter and management team and key personnel and the loss of any key team member may adversely affect the business performance.
3. Any failure to compete effectively in the highly competitive EMS industry could have a material adverse effect on the company’s business, results of operations, financial condition, and cash flows.
4. The markets in which Cyient DLM’s customers compete are characterized by sectors specific to the industries to which it caters, and their rapidly changing preferences and other related factors including lower manufacturing costs therefore as a result the may be affected by any disruptions in the industry.

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FAQs

The minimum lot size of Cyient DLM IPO is 22 shares.

 The price band of Cyient DLM IPO is Rs.250-Rs.265 per share.

 The Cyient DLM IPO opens on June 27, 2023 and closes on June 30, 2023.

The Cyient DLM IPO comprises a total issue of 22,339,623 shares (aggregating up to ₹592.00 Cr).

The allotment date of Cyient DLM IPO is 5th July 2023.

The listing date of  Cyient DLM IPO is 10th July 2023.

Jm Financial Limited and Axis Capital are the book runner of Cyient DLM IPO.

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.
 

To apply for Cyient DLM IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and price at which you wish to apply for     
●    Enter your UPI ID and click on submit. With this, your bid will be placed     with the exchange    
●    You will receive a mandate notification to block funds in your UPI app