27 June 2023
30 June 2023
Rs. 592.00 Cr
10 July 2023
₹ 250 to ₹ 265 per share
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. 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.
Objective of the 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 lot size is 56 shares.
The IPO comprises a total issue of 22,339,623 shares (aggregating up to ₹592.00 Cr)
The allotment date of Cyient DLM IPO is set for 5th July.
JM Financial Limited and Axis Capital Ltd are the book runner.