Cyient DLM Limited IPO : Key Highlights

Cyient DLM Limited IPO is set to launch on 27 June, 2023. The company initiated its business operations in 1993. It provides Electronic Manufacturing Services. The company provides EMS through Build to Specification and Build to Print Model. The client provides the designing in the B2P model whereas in B2S the client’s specifications are fulfilled by the company in designing and manufacturing both.

Its solutions consist of Cable Harnesses, Printed Circuit Board, and Printed Circuit Assembly, Box Builds etc. Its client list includes Honeywell, BEL, Thales etc. 

Cyient DLM Limited IPO DETAILS

Cyient DLM Limited IPO is set to launch on 27 June, 2023. The subscription timeline extends till 30 June, 2023. The size for the IPO is 592 Crore Rs. Shares issued through fresh issue mode are worth 592 Crore Rs. No shares are  issued through offer for sale mode. The lot size is 56 shares and the price is 250 to 265 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is KFin Technologies Limited.

Tabular Description of Cyient DLM Limited IPO

IPO OPENING DATE	27 June, 2023
CLOSING DATE FOR IPO	30 June, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	250 Rs to 265 per share
LOT SIZE	56 shares
MINIMUM ORDER QUANTITY	56 shares
ISSUE SIZE	592 Crore Rs.
OFFER FOR SALE	No shares are issued through Offer for sale mode
FRESH ISSUE	592 Crore Rs.
LISTING AT	NSE, BSE
LISTING DATE	10 July, 2023

Cyient DLM Limited IPO : IMPORTANT DATES

IPO OPENING DATE	27 June, 2023
CLOSING DATE FOR IPO	30 June, 2023
IPO ALLOTMENT DATE	5 July, 2023
REFUNDS	6 July, 2023
DEMAT A/C CREDITED ON	8 July, 2023
IPO LISTING DATE	10 July, 2023

Cyient DLM Limited IPO begins for subscription from 27 June, 2023. The IPO subscription would continue till 30 June, 2023. The allotment status for the shareholders who applied would come on 5 July, 2023. The refunds for the ones who did not get allotment would be initiated on 6 July, 2023. The DEMAT accounts of shareholders would be credited on 7 July, 2023. The listing of the company would be completed on 10 July, 2023.

Cyient DLM Limited IPO : Lead Managers

The lead managers are :

• JM Financial Limited
• Axis Capital Limited

The minimum lot size for the company is decided at 56 shares. This holding accounts to 14840 Rs.. The maximum lot size is decided at 728 shares. This amounts to 192920 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	56 shares	14840 Rs.
Maximum	728 shares	192920 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.
• The funds will be utilised for Inorganic growth purposes.
• The borrowings will also be paid off through the IPO Money.

COMPANY FINANCIALS

Particularly (in Crore Rs.)	2020-21	2021-22	2022-23
ASSETS	645	777	1104
Revenue	636	728	838
PAT	11	39	31

Cyient DLM Limited had an asset base of 645 Crore Rs in 2021 which increased to 777 Crore Rs in 2022. However in 2023 the asset base jumped to a mega 1104 Crore Rs which is more than 1.75 times of the same in 2021. The revenue of the firm was 636 Crore Rs in 2021 which increased to 728 Crore Rs in 2022 and 838 Crore Rs in 2023. The company’s profit has not been consistent over the years. The profit of the firm was 11 Crore Rs in 2021 which increased to 39 Crore Rs in 2022. However in 2023 the profit of the firm decreased to 31 Crore Rs.

PROS

• The company provides EMS through Build to Specification and Build to Print Model.
• Its solutions consist of Cable Harnesses, Printed Circuit Board, and Printed Circuit Assembly, Box Builds etc. Its client list includes Honeywell, BEL, Thales etc.

CONS

• The company works in a highly competitive segment.
• The profit of the firm decreased in the year 2023 as compared to the 2022 figures despite an increase in asset base and revenue.

Cyient DLM Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Cyient DLM Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.