Cyient DLM Ltd
Price Range
₹250 - ₹265
Min. Quantity
56
Closes on
30 June 2023
Min. investment
₹14,840/728 Shares
Cyient DLM Ltd IPO Timeline
Cyient DLM Limited was originally incorporated as a Private Company with the name Rangsons Electronics Private Limited' at Mysuru, Karnataka on June 30, 1993. The Company name was changed to Cyient DLM Private Limited' on January 18, 2017. Subsequently, the status of the Company was converted to a Public Limited pursuant to a special resolution on November 25, 2022, and the name changed to Cyient DLM Limited' on December 13, 2022 by the RoC.
| Event | Date |
|---|---|
| Cyient DLM Ltd IPO Opening Date | 27 June 2023 |
| Cyient DLM Ltd IPO Closing Date | 30 June 2023 |
| Basis of Allotment | 5 July 2023 |
| Initiation of Refunds | 6 July 2023 |
| Credit of Shares to Demat | 7 July 2023 |
| Cyient DLM Ltd IPO Listing Date | 10 July 2023 |
Cyient DLM Ltd IPO Details
| Cyient DLM Ltd IPO Date | 27 June 2023 to 30 June 2023 |
| Cyient DLM Ltd IPO Face Value | ₹10 per share |
| Cyient DLM Ltd IPO Price | ₹250 to ₹265 per share |
| Cyient DLM Ltd IPO Lot Size | 56 |
| Issue Size | Shares of ₹10 (aggregating up to ₹592 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹592 Cr) |
| Offer for Sale | - |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 69,24,000 of the Net Offer |
| Retail Shares Offered | Not less than 23,08,000 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 34,62,000 of the Net Offer |
| Company Promoters | Cyient Ltd |
Cyient DLM Ltd IPO Lot Size
The Cyient DLM Ltd IPO lot size is 56 shares. A retail-individual investor can apply for up to 13 lots (728 shares or ₹1,92,920).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 56 | ₹14,840 |
| Maximum | 13 | 728 | ₹1,92,920 |
- Strengths
- Risks
- Opportunities
- Ability to provide integrated engineering solutions with capabilities across the product value chain;
- High entry barriers for its competitors due to its technical expertise, capabilities in safety-critical electronics in highly regulated industries and customer engagement;
- Robust and industry leading order book with marquee customers, with whom the company enjoys sustained and long-standing relationships as its preferred partner;
- Manufacturing infrastructure, stringent quality, diverse in-house capabilities and robust supply chain, enabling it to provide high quality end-to end integrated solutions to its customers;
- Parentage of its Promoter, Cyient Limited, and a long history of industry expertise, an experienced Board and senior management team.
Company Financials
Cyient DLM Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2023 | 1,104.72 | 838.34 | 31.73 |
| 03-2022 | 776.91 | 728.48 | 39.80 |
| 03-2021 | 645.03 | 636.91 | 11.81 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding incremental working capital requirements of the company
- Funding capital expenditure of the company
- Repayment/prepayment in part or full of certain of the company borrowings
- Achieving inorganic growth through acquisitions
- General corporate purposes
Cyient DLM Ltd IPO Promoter Holding
| Pre Issue Share Holding | 92.84% |
| Post Issue Share Holding | 66.65% |
Cyient DLM Ltd IPO Subscription Status (Bidding Detail)
The Cyient DLM Ltd IPO is subscribed 67.31 times on 30 June 2023 05:00:00 PM. The public issue subscribed 49.22 times in the retail category, 90.44 times in the QIB category, and 45.05 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 90.44 | 45.05 | 49.22 | 2.45 | 67.31 |
Cyient DLM Ltd IPO Prospectus
Cyient DLM Ltd IPO Listing Date
| Listing Date | 10 July 2023 |
| BSE Script | 543933 |
| NSE Symbol | CYIENTDLM |
| Listing In | BSE, NSE |
| ISIN | INE055S01018 |
| IPO Price | ₹265 |
| Face Value | ₹10 |
Company Contact Information
3rd Flr Plot No.11, SoftwareUnits Layout Infocity Madhapur,Hyderabad-500081
Phone: 91 821 4000 500
Email: company.secretary@cyientdlm.com
Website: www.cyientdlm.com
Cyient DLM Ltd IPO Registrar
Cyient DLM Ltd IPO Lead Manager(s)
- Axis Capital Ltd
- JM Financial Ltd
FAQ
What is the issue size of Cyient DLM Ltd IPO?
I have pre-applied for Cyient DLM Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.