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 Particulars & Guidance

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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2 Comments on “Cyient DLM IPO listed at Rs.403

  1. Neeraj Gupta

    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

    Reply

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