Bookbuilding IPO | ₹592 Cr | Listed at BSE, NSE | Tue, Jun 27, 2023 - Fri, Jun 30, 2023
Cyient DLM IPO is a book build issue of ₹592.00 crores. The issue is entirely a fresh issue of 2.24 crore shares of ₹592.00 crore.
Cyient DLM IPO bidding started from Jun 27, 2023 and ended on Jun 30, 2023. The allotment for Cyient DLM IPO was finalized on Jul 4, 2023. The shares got listed on BSE, NSE on Jul 10, 2023.
Cyient DLM IPO price band is set at ₹265 per share. The lot size for an application is 56. The minimum amount of investment required by an retail is ₹14,840 (56 shares) (based on upper price). The lot size investment for sNII is 14 lots (784 shares), amounting to ₹2,07,760, and for bNII, it is 68 lots (3,808 shares), amounting to ₹10,09,120.
The issue includes a reservation of up to 6,00,000 shares for employees offered at a discount of ₹15.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Cyient DLM IPO RHP for detailed Information.
IPO Open
Tue, Jun 27, 2023
IPO Close
Fri, Jun 30, 2023
Issue Price
₹265 per share
Market Cap (Pre-IPO)
₹2,101.00 Cr
| IPO Date | 27 to 30 Jun, 2023 |
| Listed on | Mon, Jul 10, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹250 to ₹265 |
| Issue Price | ₹265 per share |
| Lot Size | 56 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹15.00 |
| Total Issue Size | 2,23,64,653 shares (agg. up to ₹592 Cr) |
| Fresh Issue | 2,23,64,653 shares (agg. up to ₹592 Cr) |
| Share Holding Post Issue | 7,92,81,094 shares |
| BSE Script Code / NSE Symbol | 543933 / CYIENTDLM |
| ISIN | INE055S01018 |
Cyient DLM IPO offers total 2,23,73,584 shares. Out of which 1,63,30,189 (72.99%) allocated to QIB, 65,32,076 (29.20%) allocated to QIB (Ex- Anchor), 32,66,037 (14.60%) allocated to NII 21,77,358 (9.73%) allocated to RII and 97,98,113 (43.79%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 1,63,30,189 (72.99%) | NA |
| − Anchor Investor Shares Offered | 97,98,113 (43.79%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 65,32,076 (29.20%) | NA |
| NII (HNI) Shares Offered | 32,66,037 (14.60%) | NA |
| − bNII > ₹10L | 21,77,358 (9.73%) | 2,777 |
| − sNII < ₹10L | 10,88,679 (4.87%) | 1,388 |
| Retail Shares Offered | 21,77,358 (9.73%) | 38,881 |
| Employee Shares Offered | 6,00,000 (2.68%) | NA |
| Total Shares Offered | 2,23,73,584 (100.00%) |
Investors can bid for a minimum of 56 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 56 | ₹14,840 |
| Retail (Max) | 13 | 728 | ₹1,92,920 |
| S-HNI (Min) | 14 | 784 | ₹2,07,760 |
| S-HNI (Max) | 67 | 3,752 | ₹9,94,280 |
| B-HNI (Min) | 68 | 3,808 | ₹10,09,120 |
Cyient DLM IPO raises ₹259.65 crore from anchor investors. Cyient DLM IPO Anchor bid date is June 26, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jun 26, 2023 |
| Shares Offered | 97,98,113 |
| Anchor Portion (₹ Cr.) | 259.65 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Aug 3, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Oct 2, 2023 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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:
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.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 1,104.72 | 776.91 | 645.03 | 593.49 |
| Total Income | 838.34 | 728.48 | 636.91 | 464.91 |
| Profit After Tax | 31.73 | 39.80 | 11.81 | -6.70 |
| NET Worth | 197.87 | 77.11 | 37.65 | 25.71 |
| Reserves and Surplus | 145.01 | 75.75 | 36.29 | 24.34 |
| Total Borrowing | 314.47 | 293.19 | 233.77 | 261.37 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding incremental working capital requirements of the Company | 291.09 |
| 2 | Funding capital expenditure of the Company | 43.57 |
| 3 | Repayment/prepayment, in part or full, of certain of the borrowings | 160.91 |
| 4 | Achieving inorganic growth through acquisitions; and | 70.00 |
| 5 | General corporate purposes | 93.39 |
| KPI | |
|---|---|
| ROE | 23.1% |
| ROCE | 13.48% |
| RoNW | 30.45% |
| PAT Margin | 4.00% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.07 | |
| P/E (x) | 66.25 | |
| Promoter Holding | 92.84% | 66.68% |
| Market Cap | ₹2,101.00 Cr. |
The Cyient DLM IPO is subscribed 71.35 times on June 30, 2023 7:02:00 PM (Day 3). The public issue subscribed 52.17 times in the retail category, 95.87 times in the QIB category, and 47.75 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 95.87 | 65,32,076 | 62,62,37,360 |
| NII | 47.75 | 32,66,037 | 15,59,66,384 |
| bNII (bids above ₹10L) | 50.48 | 21,77,358 | 10,99,07,840 |
| sNII (bids below ₹10L) | 42.31 | 10,88,679 | 4,60,58,544 |
| Retail | 52.17 | 21,77,358 | 11,35,99,640 |
| Employee | 2.6 | 6,02,167 | 15,66,488 |
| Total | 71.35 | 1,25,77,638 | 89,73,69,872 |
Total Application : 16,62,839
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including any underwriting commission, brokerage and selling commission) | 18.59 |
| 2 | Commission/processing fee for SCSBs, Sponsor Banks and Bankers to the Issue. Brokerage, underwriting commission and selling commission and bidding charges for members of the Syndicate, Registered Brokers, RTAs and CDPs | 3.62 |
| 3 | Fees payable to Registrar to the Issue | 0.04 |
| 4 | Others | |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 3.42 |
| 6 | Printing and stationery | 1.37 |
| 7 | Fee payable to legal counsels | 4.01 |
| 8 | Advertising and marketing | 5.42 |
| 9 | Miscellaneous | 4.58 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹265.00 | ₹265.00 |
| Open | ₹401.00 | ₹403.00 |
| Low | ₹401.00 | ₹403.00 |
| High | ₹426.45 | ₹427.00 |
| Last Trade | ₹420.75 | ₹420.60 |
Lead Manager Reports
Cyient DLM IPO is a main-board IPO of 2,23,64,653 equity shares of the face value of ₹10 aggregating up to ₹592 Crores. The issue is priced at ₹265 per share. The minimum order quantity is 56.
The IPO opens on Tue, Jun 27, 2023, and closes on Fri, Jun 30, 2023.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Cyient DLM IPO using UPI as a payment gateway. Zerodha customers can apply in Cyient DLM IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Cyient DLM IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Cyient DLM IPO opens on Tue, Jun 27, 2023 and closes on Fri, Jun 30, 2023.
Cyient DLM IPO lot size is 56, and the minimum amount required for application is ₹14,840.
You can apply in Cyient DLM IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Cyient DLM IPO will be done on Tuesday, July 4, 2023, and the allotted shares will be credited to your demat account by Thu, Jul 6, 2023. Check the Cyient DLM IPO allotment status.
The Cyient DLM IPO listing date is on Mon, Jul 10, 2023.
