Cyient DLM Limited IPO (Cyient DLM IPO) Detail

 

Incorporated in 1993, 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.

Cyient DLM's solutions primarily comprise:

1. Printed circuit board ("PCB") assembly ("PCBA"),

2. Cable harnesses, and

3. Box builds which 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, and Molbio 152 Diagnostics Private Limited, and so on.

Cyient DLM IPO Details

Cyient DLM IPO is a Book Built Issue. The IPO total issue size is Rs 592.00 Cr. The Cyient DLM IPO price is ₹250 to ₹265 per share. The IPO will list on BSE, NSE.

IPO Date	Jun 27, 2023 to Jun 30, 2023
Listing Date	Jul 10, 2023
Face Value	₹10 per share
Price	₹250 to ₹265 per share
Lot Size	56 Shares
Total 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	BSE, NSE
Share holding pre issue	56,941,471
Share holding post issue	79,281,094

Cyient DLM IPO Reservation

Cyient DLM IPO a total of 22,375,751 shares are offered. QIB: 6,532,076 (29.19%), RII: 2,177,358 (9.73%), NII: 3,266,037 (14.60%).

Anchor Investor Shares Offered	9,798,113 (43.79%)
QIB Shares Offered	6,532,076 (29.19%)
NII (HNI) Shares Offered	3,266,037 (14.60%)
Retail Shares Offered	2,177,358 (9.73%)
Employee Shares Offered	602,167 (2.69%)
Total Shares Offered	22,375,751 (100%)

Cyient DLM IPO Anchor Investors Details

Cyient DLM IPO raises Rs 259.65 crore from anchor investors. Cyient DLM IPO Anchor bid date is Jun 26, 2023

Bid Date	Jun 26, 2023
Shares Offered	9,798,113
Anchor Portion Size (In Cr.)	259.65
Anchor lock-in period end date for 50% shares (30 Days)	Aug 16, 2023
Anchor lock-in period end date for remaining shares (90 Days)	Nov 13, 2023

Cyient DLM IPO Timetable (Tentative)

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

IPO Open Date	Tuesday, 27 June 2023
IPO Close Date	Friday, 30 June 2023
Basis of Allotment	Tuesday, 4 July 2023
Initiation of Refunds	Wednesday, 5 July 2023
Credit of Shares to Demat	Thursday, 6 July 2023
Listing Date	Monday, 10 July 2023
Cut-off time for UPI mandate confirmation	5 PM on Jun 30, 2023

Cyient DLM IPO Lot Size

The minimum lot size of this Cyient DLM IPO is 56 shares required is ₹14,840.

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

Promoter of the company is Cyient Limited.

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

Company Financials

Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	593.49	464.91	-6.70	25.71	24.34	261.37
31-Mar-21	645.03	636.91	11.81	37.65	36.29	233.77
31-Mar-22	776.91	728.48	39.80	77.11	75.75	293.19
31-Mar-23	1,104.72	838.34	31.73	197.87	145.01	314.47
Amount in ₹ Crore

Key Performance Indicator

Cyient DLM IPO Market Cap is Rs 2101 Cr and P/E (x) is 66.25.

KPI	Values
P/E (x)	66.25
Market Cap (₹ Cr.)	2101
ROE	23.1%
ROCE	13.48%
EPS (Rs)	10.07
RoNW	30.45%