Cyient DLM IPO
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
IPO Timeline
Cyient DLM IPO Subscription Status
Date | QIB | NII | Retail | TOTAL |
---|---|---|---|---|
27-Jun-23 | 0.03 | 3.80 | 10.62 | 2.85 |
28-Jun-23 | 0.96 | 11.94 | 25.71 | 8.10 |
30-Jun-23 | 95.87 | 47.75 | 52.15 | 71.34 |
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
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
Contact Information
Cyient DLM
Cyient DLM Limited
3 rd Floor, Plot No. 11,
Software Units Layout, Infocity,
Madhapur, Hyderabad 500 081
Phone: +91 821 4000 500
Email: company.secretary@cyient dlm.com
Website: https://www.cyientdlm.com/
Cyient DLM IPO Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: cyientdlm.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Cyient DLM IPO Lead Manager
Axis Capital Limited
Jm Financial Limited