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Cyient DLM IPO GMP, Price, Dates & Allotment Details 2023

Cyient DLM IPO GMP, Price, Dates & Allotment Details 2023

Introduction

The Cyient DLM IPO will open on June 27 and close on June 30, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 592 crore through this public issue.

Cyient DLM Limited (“the Company”)

Cyient DLM Limited is one of the leading integrated Electronic Manufacturing Services (“EMS”) and solutions providers (Source: Frost & Sullivan Report) with strong capabilities across the value chain and the entire life cycle of a product. With over two decades of experience developing high-mix, low-to-medium-volume, highly complex systems, they are a qualified supplier to global OEMs in the aerospace, defence, medical technology, and industrial sectors.

They are one of the few EMS companies in India catering to highly regulated industries and the largest supplier of EMS services to the aerospace and defence industries by value in India (Source: Frost & Sullivan Report).

Company Electronic Manufacturing Services are provided as Build to Print (“B2P”) and Build to Specification (“B2S”) services to its clients.

The company’s solutions primarily comprise: (i) printed circuit board (“PCB”) assembly (“PCBA”), (ii) cable harnesses, and (iii) box builds, which are used in safety-critical systems such as cockpits, inflight systems, landing systems, and medical diagnostic equipment.

The company’s manufacturing infrastructure comprises three facilities spread across two states in India: Mysuru, Hyderabad, and Bengaluru.

Objects of the Issue,

The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:

  1. Funding the incremental working capital requirements of the company,
  2. funding the capital expenditures of the company,
  3. Repayment or prepayment, in part or full, of certain of the borrowings,
  4. Achieving inorganic growth through acquisitions, and
  5. General corporate purposes.

Financial Highlights (Restated)

ParticularsFY 2022-23FY 2021-22FY 2020-21FY 2019-20
Net Worth198773826
Total Assets1,105777645593
Reserve & Surplus145763624
Total Borrowings214293234261
Total Revenue838728637465
Profit After Tax324012(7)
(Amount in ₹ Crore)

IPO details

Issue TypeBook Built Issue IPO
IPO Price₹ 250 to ₹ 265 per share
Employee Discount₹ 15 per share
Face Value₹ 10 per share
Market Lot56 Shares
Issue Size22,339,623 shares (aggregating up to ₹ 592 crores)
Fresh Issue22,339,623 shares (aggregating up to ₹ 592 crores)
Listing AtNSE, BSE
Company PromotersCyient Limited

IPO Reservation

CategoriesNo. of shares offered
QIB shares offered6,532,076 (29.19%)
NII (HNI) shares offered3,266,037 (14.60%)
Retail shares offered2,177,358 (9.73%)
Employee Shares Offered602,167 (2.69%)
Anchor Investor Shares Offered9,798,113 (43.79%)
Total Shares Offered22,375,751 (100%)

GMP: Cyient DLM IPO

GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates: Cyient DLM IPO

The issue opens for subscription on June 27, 2023, and closes for subscription on June 30, 2023 (both days inclusive). The basis of allotment will be finalised on July 5, 2023, and the refunds will be initiated on July 6, 2023. In addition, the demat credits are expected to happen on July 7, 2023, and the stock will be listed on the NSE and BSE on July 10, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.

Opening DateJune 27, 2023,
Closing DateJune 30, 2023
Basis of AllotmentJuly 5, 2023
Initiation of RefundsJuly 6, 2023
A credit of shares to Demat A/cJuly 7, 2023
Listing DateJuly 10, 2023

Lot Size

ApplicationsLotsSharesAmount
Retail (Minimum)156₹1 4,840
Retail (Maximum)13728₹ 192,920
S-HNI (Minimum)14784₹ 207,760
S-HNI (Maximum)673,750₹ 994,280
B-HNI (Minimum)683,808₹1,009,120

Anchor Investors 

Anchor Investor Bid DateJune 26, 2023
Shares Offered9,798,113
Anchor Portion Size₹ 259.65 crores (Shares offered * Upper Price)
Anchor lock-in period end date (50% Shares)Around August 17, 2023 (30 Days)
Anchor lock-in period end date (remaining shares)Around Nov 15, 2023 (90 Days)

Promoters Holdings 

Pre-issue Shares Holdings92.84%
Post-issue Shares Holdings66.68%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationCyient DLM Limited
3 rd Floor, Plot No. 11, Software Units Layout, Infocity, Madhapur, Hyderabad 500 081
Phone: +91 821 4000 500
Email: [email protected]
Website: https://www.cyientdlm.com/
IPO RegistrarKfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://karisma.kfintech.com/
IPO Lead Manager(s)Axis Capital LimitedJM Financial Limited

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