Cyient DLM Limited has come up with an initial public offer (IPO). It will open on June 27-30, 2023 at Rs.250-265 a share. The IPO issue size is around Rs.592.00 crores. The minimum bid will be for 56 shares and in its multiples thereafter.
Overview
Cyient DLM Limited was incorporated in the year 1993. It specializes in Digital Lifecycle Management solutions. They help businesses manage and optimize their product lifecycle by integrating digital technologies. With their expertise in areas like engineering, data analytics, and automation, Cyient DLM assists organizations in improving efficiency, reducing costs, and enhancing product performance.
The company offers a range of services such as digital transformation, data management, predictive maintenance, and remote monitoring. By leveraging advanced technologies like the Internet of Things (IoT) and artificial intelligence (AI), Cyient DLM enables companies to make data-driven decisions, streamline processes, and maximize the lifespan and value of their products.
Website – https://www.cyientdlm.com/
Promoters
| Cyient Limited is the Promoter of the Company |
Promoter Holding
| Pre-Issue Shareholding – 92.84% | Post-Issue Shareholding – 66.68% |
Strength & Weakness
| Strengths | Weaknesses |
| Integrated engineering solutions | Dependent on certain customers |
| High entry barriers for competitors | Dependent on Promoter & mgmt team |
| Robust and industry leading order book | Low market share |
| Long-standing relationship with customers | Highly dependent on Mysuru facility |
| Robust supply chain | Lower capacity utilization |
| Experienced Board & Sr. management team | Depend on 3rd party suppliers for raw materials |
Products
| Printed circuit board (“PCB”) assembly (“PCBA”) | |
| Cable harnesses | |
| Box builds |
Competitors
| Kaynes Technology India Limited |
| Syrma SGS Technology Ltd |
| DCX Systems Limited |
Company Financials
| Year | Revenue (in Crore) | Profit (in Crore) |
| 31-Mar-2020 | 464.91 | -6.70 |
| 31-Mar-2021 | 636.91 | 11.81 |
| 31-Mar-2022 | 728.48 | 39.80 |
| 31-Mar-2023 | 838.34 | 31.73 |
Objects of Issue
1) Funding incremental working capital requirements of our Company;
2) Funding capital expenditure of our Company;
3) Repayment/prepayment, in part or full, of certain of our borrowings;
4) Achieving inorganic growth through acquisitions;
5) General corporate purposes.
Cyient DLM IPO Lot Size
| Application | Lot | Shares | Amount |
| Retail (Min) | 1 | 56 | Rs.14,840 |
| Retail (Max) | 13 | 728 | Rs.1,92,920 |
| S-HNI (Min) | 14 | 784 | Rs.2,07,760 |
| B-HNI (Max) | 67 | 3,752 | Rs.9,94,280 |
Cyient DLM IPO Details
| IPO Opening Date | June 27, 2023 |
| IPO Closing Date | June 30, 2023 |
| Face Value | Rs.10 per Equity Share |
| IPO Price | Rs.250-265 per share |
| Market Lot | 56 shares |
| Minimum Order Quantity | 56 shares |
| Listing At | NSE, BSE |
| Fresh Issue | 2,23,39,623 shares |
| Offer for Sale | – |
| Issue Size | Up to Rs.592.00 Crore |
| QIB Shares Offered | 75% of the offer |
| Retail Shares Offered | 15% of the offer |
| NII/HNI Shares Offered | 10% of the offer |
Cyient DLM IPO Timetable
| IPO Date | June 27-30, 2023 |
| Allotment Date | July 05, 2023 |
| Initiation of Refunds | July 06, 2023 |
| Credit of share to Demat a/c | July 07, 2023 |
| IPO Listing Date | July 10, 2023 |
Allotment Status
KFintech – https://ris.kfintech.com/ipostatus/
 |  |
Registrar
