Cyient DLM IPO Particulars & Guidance at Chanakyanipothi.com, India`s Oldest & the most Trusted Investment website for coming up IPOs. Operational since 8th December 1999, this is the Only Investment website in India, which has successfully completed 23 Years.
Cyient DLM IPO Listing Review
The scrip offered at Rs. 265 got listed at Rs. 403, premium of 52% over the issue price. The business of integrated Electronic Manufacturing Services has strong potential. However the listing price, partial profit booking is suggested and balance holding may be offloaded after few months.
Cyient DLM IPO Guidance
The company is one of the leading integrated EMS and solutions providers with strong capabilities across the value chain. The EMS market is witnessing strong growth and the company has huge orderbook which can be easily served out of surplus production capacity. The shares are offered at very reasonable valuation and there is enough room for gains after listing. Grey Market shows fancy for this IPO. Apply
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Cyient DLM IPO Subscription Status
On 30 June 2023 @ 5.30 (Day 3) (Closed)
QIB: 6924000 Shares 90.44 T
NII(10L+): 2308000 Shares 47.62 T
NII (<10L) 1154000 Shares 39.91 T
NII (Total) 3462000 Shares 45.05 T
RII: 2308000 Shares 49.20 T
Emp: 638297 Shares 02.45 T
Total: 13332297 Shares 67.30 T
Cyient DLM IPO Promoters
CYIENT LIMITED
Cyient DLM IPO Particulars & Guidance: About the Company
Cyient DLM is one of the leading integrated Electronic Manufacturing Services and solutions providers with strong capabilities across the value chain and the entire life cycle of a product. With over two decades of experience in developing high mix, low-to-medium volume highly complex systems, we are a qualified supplier to global OEMs in the aerospace and defence, medical technology and industrial sectors. It is one of the few EMS companies in India catering to highly regulated industries and the largest supplier of EMS services to the aerospace and defence industry by value in India.
It leveraged the design capabilities of its Promoter, Cyient Limited, a leading engineering services provider with over three decades of domain expertise providing engineering and design solutions globally with a focus on multiple industries. Its Electronic Manufacturing Services are provided as Build to Print (“B2P”) and Build to Specification (“B2S”) services to its clients. Its B2P solutions involve its client providing the design for the product for which it provides agile and flexible manufacturing services. Its B2S services involve utilising its Promoter’s design capabilities to design the relevant product based on the specifications provided by the client and manufacturing the product.
Its solutions primarily comprise: (i) printed circuit board (“PCB”) assembly (“PCBA”), (ii) cable harnesses, and (iii) box builds which are used in safety critical systems such as cockpits, inflight systems, landing systems, and medical diagnostic equipment.
The EMS market is witnessing strong tailwinds. The India EMS is a sizeable industry, contributing to 2.2% (USD 20 billion) of the global EMS market in 2022. India’s EMS industry is the fastest growing among all countries at a CAGR of 32.3% and is expected to contribute 7.0% (USD 80 billion) of the global EMS market in 2026. There continues to be a strong push from the government to make India an ideal location for electronics manufacturing in the region. With clear benefits in terms of production efficiency, reduced overhead, labour costs, and faster new product introductions, OEMs today continue to collaborate with EMSs to develop their products. In addition, OEMs are also increasingly moving product design and development processes, to EMS partners. It is well positioned to take advantage of these tailwinds on the back of its solutions-oriented approach, client-focused service and track record of reliability. Being a wholly owned subsidiary of Cyient Limited, its relationship with its Promoter allows us to benefit from its reputation, customer relationships, global salesforce, network and technical expertise, making us one of the industry’s leading integrated EMS and
solutions providers in India.
It enjoys long-term relationships as an integrated partner to multiple marquee customers such as Honeywell International Inc. (“Honeywell”), Thales Global Services S.A.S (“Thales”), ABB Inc, Bharat Electronics Limited and Molbio Diagnostics Private Limited, having had an average relationship of over 11 years as on September 30, 2022.
Our manufacturing infrastructure comprises three facilities spread across two states in India, at Mysuru, Hyderabad and Bengaluru, with a total manufacturing area of 229,061 sq. ft.
For more information, click www.cyientdlm.com
Objects of the IPO
The Company proposes to utilise the Net Proceeds towards funding the following objects:
1. Funding incremental working capital requirements of the Company;
2. Funding capital expenditure of the Company
3. Repayment/prepayment, in part or full, of certain of the borrowings
4. Achieving inorganic growth through acquisitions
Cyient DLM IPO Particulars & Guidance
Cyient DLM IPO Details & Analysis | |
IPO opens on | 27 June ,2023 |
IPO closes on | 30 June ,2023 |
Issue Type | Book Built Issue IPO |
Issue Size | 22339623 Sh /Rs 592 Cr |
* Fresh Issue | 22339623 Sh /Rs 592 Cr |
* Offer for Sale | – Shares /Rs – Cr |
Face Value per share: | Rs. 10 |
Price Band | Rs. 250-265 |
Retail Discount | Rs 0 per share |
Employee discount | Rs. 15 per share |
Retail Lot Size | 56 Shares |
Listing will at | BSE, NSE |
Shares offered to | Shares | Rs. in Cr |
QIB (75 %) | – | 442.875 |
NII (15 %) | – | 88.575 |
RII (10 %) | 2228302 | 59.050 |
Employees | 60000 | 1.50 |
Total Shares | – | 592 |
Retail portion will be oversubscribed by | 39791 Forms. | |
How much Shares to Apply? | Net of RII discount | |
Min Retail Application | 56 Sh | Rs. 14840 |
Max Retail Application | 728 Sh | Rs. 192920 |
Small HNI (Min) application | 784 Sh | Rs. 207760 |
Small HNI (Max) application | 3773 Sh | Rs. 999845 |
Big HNI Application | 3829 Sh | Rs. 1014685 |
Cyient DLM IPO Tentative timetable | |
IPO opens on | 27 June 2023 |
IPO Closes on | 30 June 2023 |
IPO Allotment on | 5 July 2023 |
Unblocking of ASBA | 6 July 2023 |
Credit of Shares | 7 July 2023 |
Listing on | 10 July 2023 |
Registered Office of the Company | |
3rd Floor, Plot No. 11, Software Units Layout, Infocity, Madhapur, Hyderabad 500 081, Telangana, India | |
Lead Managers Axis Capital Limited JM Financial Limited |
|
Registrar to IPO | |
KFIN TECHNOLOGIES Ltd |
Cyient DLM IPO Financial & Analytical Ratios | ||||
Year | Total Income | Net Profit | EPS | RoNW |
Rs. in Cr | Rs.in Cr | Rs. | % | |
2020-21 | 636.91 | 11.81 | 4.80 | 31.38 |
2021-22 | 728.48 | 39.80 | 16.17 | 51.61 |
2022-23 | 838.34 | 31.73 | 7.75 | 16.03 |
Book Value of the Share on | 31.03.2023 | Rs.48.33 | ||
Book Value of the Share | after the IPO | Rs.? | ||
Offer Price at Cap | Rs. 265 |
Ratio Analysis | |
Upper Price /last EPS | 34.19 |
Upper Price/Book Value Ratio | 5.48 |
Upper Price/BV after IPO | ? |
Cyient DLM IPO Particulars & Guidance
Peer Comparison
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It’s much better to invest in ems company since india will lead the world like it industry, invest nd see miracle after 5 years
One can invest in this ipo atheist for3 to4 years,make double your capita.