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Cyient DLM IPO vs Tata Technologies IPO

Comparison between Cyient DLM IPO and Tata Technologies IPO.

IPO Details

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

 Cyient DLM IPOTata Technologies IPO
LogoCyient DLM IPO LogoTata Technologies IPO Logo
Issue CategoryMainboardMainboard
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE, NSEBSE, NSE
Lead ManagersJM Financial Ltd.

Axis Capital Ltd.		BOFA Securities India Ltd.

Citigroup Global Markets India Pvt.Ltd.

JM Financial Ltd.
RegistrarKfin Technologies Ltd.MUFG Intime India Pvt.Ltd.
Market Maker
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Cyient DLM IPO is up to ₹592.00 Cr whereas the issue size of the Tata Technologies IPO is up to ₹3,042.51 Cr. The final issue price of Cyient DLM IPO is ₹265.00 per share and of Tata Technologies IPO is ₹500.00 per share.

 Cyient DLM IPOTata Technologies IPO
Face Value₹10 per share₹2 per share
Issue Price (Lower)₹250.00 per share₹475.00 per share
Issue Price (Upper)₹265.00 per share₹500.00 per share
Issue Price (Final)₹265.00 per share₹500.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹15.00 per share₹0.00 per share
Market Lot Size56 shares30 shares
Fresh Issue Size2,23,64,653 shares0 shares
Fresh Issue Size (Amount)up to ₹592.00 Crup to ₹0.00 Cr
OFS Issue Size0 shares6,08,50,278 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹3,042.51 Cr
Issue Size Total2,23,64,653 shares6,08,50,278 shares
Issue Size Total (Amount)up to ₹592.00 Crup to ₹3,042.51 Cr

IPO Timetable

Cyient DLM IPO opens on Jun 27, 2023, while Tata Technologies IPO opens on Nov 22, 2023. The closing date of Cyient DLM IPO and Tata Technologies IPO is Jun 30, 2023, and Nov 24, 2023, respectively.

 Cyient DLM IPOTata Technologies IPO
Anchor Bid DateJun 26, 2023Nov 21, 2023
Issue OpenJun 27, 2023Nov 22, 2023
Issue CloseJun 30, 2023Nov 24, 2023
Basis Of Allotment (Tentative)Jul 04, 2023Nov 28, 2023
Initiation of Refunds (Tentative)Jul 05, 2023Nov 29, 2023
Credit of Share (Tentative)Jul 06, 2023Nov 29, 2023
Listing date (Tentative)Jul 10, 2023Nov 30, 2023
Anchor Lockin End date 1Aug 03, 2023Dec 28, 2023
Anchor Lockin End date 2Oct 02, 2023Feb 26, 2024

Financials & KPIs

Cyient DLM IPO P/E ratio is 66.25, as compared to Tata Technologies IPO P/E ratio of 32.53.

 Cyient DLM IPOTata Technologies 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 Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,142.425,201.494,218.003,572.74
Total Income2,587.424,501.933,578.382,425.74
Profit After Tax351.90624.04436.99239.17
NET Worth2,853.132,989.472,280.162,142.15
Reserves and Surplus2,455.292,605.602,028.931,897.46
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)92.8466.79
Promoter Shareholding (Post-Issue)66.6855.39
P/E Ratio66.2532.53
Market Cap₹2101.00 Cr.₹20283.43 Cr.
ROE23.1%
ROCE13.48%
Debt/Equity
EPS₹10.07₹15.37
RoNW30.45%20.87%

Shares Offered

In the Cyient DLM IPO Retail Individual Investors (RII) are offered 21,77,358 shares while in Tata Technologies IPO retail investors are offered 21,77,358 shares. Qualified Institutional Buyers (QIB) are offered 65,32,076 shares in Cyient DLM IPO and 1,05,47,382 shares in Tata Technologies IPO.

 Cyient DLM IPOTata Technologies IPO
Anchor Investor Reservation97,98,113 shares1,58,21,071 shares
Market Maker Reservation0 shares
QIB65,32,076 shares1,05,47,382 shares
NII32,66,037 shares79,10,537 shares
RII21,77,358 shares1,84,57,919 shares
Employee6,00,000 shares20,28,342 shares
Others
Total2,23,73,584 shares6,08,50,278 shares

Bids Received (Subscription)

Cyient DLM IPO subscribed 71.35x in total, whereas Tata Technologies IPO subscribed 69.43x.

 Cyient DLM IPOTata Technologies IPO
QIB (times)95.87x203.41x
NII (times)47.75x62.11x
Big NII (times)50.48x70.67x
Small NII (times)42.31x44.98x
RII (times)52.17x16.50x
Employee (times)2.60x3.70x
Other (times)29.20x
Total (times)71.35x69.43x

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Cyient DLM IPO Vs Tata Technologies IPO