Cyient DLM IPO vs Senco Gold IPO

Comparison between Cyient DLM IPO and Senco Gold IPO.

IPO Details

Cyient DLM IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Senco Gold IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Cyient DLM IPO is up to ₹592.00 Cr whereas the issue size of the Senco Gold IPO is up to ₹405.00 Cr. The final issue price of Cyient DLM IPO is ₹265.00 per share and of Senco Gold IPO is ₹317.00 per share.

 Cyient DLM IPOSenco Gold IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹250.00 per share₹301.00 per share
Issue Price (Upper)₹265.00 per share₹317.00 per share
Issue Price (Final)₹265.00 per share₹317.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹15.00 per share
Market Lot Size56 shares47 shares
Fresh Issue Size2,23,64,653 shares85,17,350 shares
Fresh Issue Size (Amount)up to ₹592.00 Crup to ₹270.00 Cr
OFS Issue Size0 shares42,58,675 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹135.00 Cr
Issue Size Total2,23,64,653 shares1,27,76,025 shares
Issue Size Total (Amount)up to ₹592.00 Crup to ₹405.00 Cr

IPO Timetable

Cyient DLM IPO opens on Jun 27, 2023, while Senco Gold IPO opens on Jul 04, 2023. The closing date of Cyient DLM IPO and Senco Gold IPO is Jun 30, 2023, and Jul 06, 2023, respectively.

 Cyient DLM IPOSenco Gold IPO
Anchor Bid DateJun 26, 2023Jul 03, 2023
Issue OpenJun 27, 2023Jul 04, 2023
Issue CloseJun 30, 2023Jul 06, 2023
Basis Of Allotment (Tentative)Jul 04, 2023Jul 11, 2023
Initiation of Refunds (Tentative)Jul 05, 2023Jul 12, 2023
Credit of Share (Tentative)Jul 06, 2023Jul 13, 2023
Listing date (Tentative)Jul 10, 2023Jul 14, 2023
Anchor Lockin End date 1Aug 03, 2023Aug 10, 2023
Anchor Lockin End date 2Oct 02, 2023Oct 09, 2023

Financials & KPIs

Cyient DLM IPO P/E ratio is 66.25, as compared to Senco Gold IPO P/E ratio of 15.53.

 Cyient DLM IPOSenco Gold IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets1,104.72776.91645.03593.49
Total Income838.34728.48636.91464.91
Profit After Tax31.7339.8011.81-6.70
NET Worth197.8777.1137.6525.71
Reserves and Surplus145.0175.7536.2924.34
Total Borrowing314.47293.19233.77261.37
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets2,905.322,100.191,559.30
Total Income4,108.543,547.412,674.92
Profit After Tax158.48129.1061.48
NET Worth944.97725.77602.51
Reserves and Surplus876.27659.46536.53
Total Borrowing1,177.17862.97532.44
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)92.8476.92
Promoter Shareholding (Post-Issue)66.6868.48
P/E Ratio66.2515.53
Market Cap₹2101.00 Cr.₹2462.00 Cr.
ROE23.1%18.9%
ROCE13.48%14.2%
Debt/Equity1.25
EPS₹10.07₹22.93
RoNW30.45%18.96%

Shares Offered

In the Cyient DLM IPO Retail Individual Investors (RII) are offered 21,77,358 shares while in Senco Gold IPO retail investors are offered 21,77,358 shares. Qualified Institutional Buyers (QIB) are offered 65,32,076 shares in Cyient DLM IPO and 25,55,205 shares in Senco Gold IPO.

 Cyient DLM IPOSenco Gold IPO
Anchor Investor Reservation97,98,113 shares38,32,807 shares
Market Maker Reservation
QIB65,32,076 shares25,55,205 shares
NII32,66,037 shares19,16,404 shares
RII21,77,358 shares44,71,609 shares
Employee6,00,000 shares
Others
Total2,23,73,584 shares1,27,76,025 shares

Bids Received (Subscription)

Cyient DLM IPO subscribed 71.35x in total, whereas Senco Gold IPO subscribed 77.25x.

 Cyient DLM IPOSenco Gold IPO
QIB (times)95.87x190.56x
NII (times)47.75x68.44x
Big NII (times)50.48x72.05x
Small NII (times)42.31x61.23x
RII (times)52.17x16.28x
Employee (times)2.60x
Other (times)
Total (times)71.35x77.25x

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