IPO Issue Details
Issue Price / Price Band₹265 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size56 Shares per Lot
Total Issue Size2,23,64,653 shares (aggregating up to ₹592.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenTue, 27 Jun 2023
Subscription CloseFri, 30 Jun 2023
Anchor AllotmentMon, 26 Jun 2023
Basis of AllotmentTue, 04 Jul 2023
Initiation of RefundsWed, 05 Jul 2023
Credit of Shares to DematThu, 06 Jul 2023
Listing DateMon, 10 Jul 2023
UPI Mandate Deadline2023-06-30
Application & Investment Details
Retail — Min (1 Lots)₹14,840 — 56 shares
Retail — Max (13 Lots)₹192,920 (13 Lots)
HNI — Min (14 Lots)₹2,07,760 — 784 shares
EPS (Pre-IPO)₹10.07
P/E Ratio (Pre-IPO)66.25x
Post-IPO Promoter Holding7,92,81,094 shares
About Cyient DLM Ltd.
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:Printed circuit board ("PCB") assembly ("PCBA"),Cable harnesses, andBox builds which are used in safety critical systems such as cockpits, inflight systems, landing systems, and medical diagnostic equipment.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.
Objects of the Issue
Cyient DLM Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Funding incremental working capital requirements of the Company
291.09
2
2 Funding capital expenditure of the Company
43.57
3
3 Repayment/prepayment, in part or full, of certain of the borrowings
160.91
4
4 Achieving inorganic growth through acquisitions; and
70.00
5
5 General corporate purposes
93.39
Shareholding & Lock-in
Pre-IPO Promoter Holding
Not Available
Post-IPO Promoter Holding
7,92,81,094 shares
Lock-in Period (30%)August 3, 2023
Lock-in Period (50%)October 2, 2023