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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 ₹265.00 per share . The lot size for an application is 56. The minimum amount of investment required by an retail is ₹14,000 (56 shares). 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 Date | June 27, 2023 to June 30, 2023 |
| Listing Date | July 10, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹250 to ₹265 per share |
| Issue Price Final | ₹265 per share |
| Lot Size | 56 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 2,23,64,653 shares (aggregating up to ₹592.00 Cr) |
| Employee Discount | ₹15.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Post Issue | 7,92,81,094 shares |
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, 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 | Maximum 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%) |
| 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 |
Cyient DLM IPO raises ₹259.65 crore from anchor investors. Cyient DLM IPO Anchor bid date is June 26, 2023. Cyient DLM IPO Anchor Investors list
| Bid Date | June 26, 2023 |
| Shares Offered | 97,98,113 |
| Anchor Portion Size (In Cr.) | 259.65 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 3, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 2, 2023 |
Cyient DLM IPO opens on June 27, 2023, and closes on June 30, 2023.
| IPO Open Date | Tue, Jun 27, 2023 |
| IPO Close Date | Fri, Jun 30, 2023 |
| Tentative Allotment | Tue, Jul 4, 2023 |
| Initiation of Refunds | Wed, Jul 5, 2023 |
| Credit of Shares to Demat | Thu, Jul 6, 2023 |
| Tentative Listing Date | Mon, Jul 10, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jun 30, 2023 |
Investors can bid for a minimum of 56 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 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 | ||||||
The market capitalization of Cyient DLM IPO is ₹2101.00 Cr.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company has created a niche place in EMS and solutions-providing segment. It is poised to tap the bright prospects with its plans afoot. Post-IPO, the reduction in its debt will save its financial cost and increase earnings. However, based on its FY23 financials, the issue is fully priced. Well-informed/cash surplus investors may park funds for long-term rewards. Read detail review...
| Listing Date | July 10, 2023 |
| BSE Script Code | 543933 |
| NSE Symbol | CYIENTDLM |
| ISIN | INE055S01018 |
| Final Issue Price | ₹265 per share |
| BSE Listing Group | B |
Cyient DLM Ltd.
3 rd Floor, Plot No. 11,
Software Units Layout, Infocity,
Madhapur,
Hyderabad, Telangana, 500081
Phone: +91 821 4000 500
Website: https://www.cyientdlm.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: cyientdlm.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Cyient DLM IPO is a main-board IPO of 2,23,64,653 equity shares of the face value of ₹10 aggregating up to ₹592.00 Crores. The issue is priced at ₹265 per share. The minimum order quantity is 56.
The IPO opens on June 27, 2023, and closes on June 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 June 27, 2023 and closes on June 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 Thursday, July 6, 2023. Check the Cyient DLM IPO allotment status.
The Cyient DLM IPO listing date is on Monday, July 10, 2023.
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