About Cyient DLM Limited IPOIncorporated in 1993, Cyient DLM Limited is a leading provider of Electronic Manufacturing Services (EMS) and solutions. Its products are used by global OEMs (Original Equipment Manufacturers) in the aerospace and defence, medical technology and industrial sectors. The company offers two types of services: B2P and B2S. While B2P (Build to Print) services manufacture products based on design provided by the client, the B2S (Build to Specification) services design as well manufacture products based on client requirements. Its product portfolio consists of printed circuit board assembly, cable harnesses and box builds used in cockpits, medical diagnostic systems etc. Cyient DLM Limited collaborates with multiple marquee customers like Honeywell International Inc, Thales Global Services, ABB Inc, Bharat Electronics Limited and Molbio 152 Diagnostics Private Limited. The company has long-term business relationships with its customers, which helps them get repeat orders. As on 31 March 2023, the company had an order book of ₹ 2,432 crore. The company’s three manufacturing facilities are located in Mysuru, Hyderabad and Bengaluru and Cyient Limited, a leading engineering services provider, promotes it. As per the company, Indian EMS is a sizable industry growing at a CAGR of over 32% and is expected to contribute 7% ($ 80 billion) of the global EMS market in 2026. And now, Cyient DLM Limited is coming out with its initial public offer (IPO). The IPO will entirely be a fresh issue and the net proceeds will be used to fund capital expenditure, repay existing debt and achieve inorganic growth through acquisitions. The company shares will be listed on the NSE and the BSE. Here are key details about the Cyient DLM IPO:
Financial snapshot
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A quick look at Cyient DLM Limited IPO’s strengths, risks and threatsStrengths
Risks and threats
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Cyient DLM Limited IPO details| Cyient DLM Limited IPO dateThe company has filed its Draft Red Herring Prospectus with the market regulator SEBI. The offer document filed by the company with the SEBI mentions that the Cyient DLM IPO’s opening date – in other words, the Cyient DLM IPO launch date – will be 27th June 2023. The Cyient DLM IPO closing date is 30th June 2023. After this, investors will be updated about the allotment status on 5th July 2023. Investors, who have been allotted shares, can expect them to be credited to their demat account on 7 July 2023. The Cyient DLM IPO listing date is 10 July 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. | Cyient DLM Limited Price BandThe entire IPO is a book-built issue. The Cyient DLM IPO price band has been set between ₹250 and ₹265 per share. Interested investors can choose a price within this band to apply for the IPO. The Cyient DLM IPO listing price will be determined on 10th July 2023. The listing price is the price at which a company’s shares debut on the stock exchanges. | Cyient DLM Limited IPO Lot sizeThe Cyient DLM IPO details have been declared. The Cyient DLM IPO lot size is set at 56 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Cyient DLM IPO issue size is approx ₹592 crore. |
How to apply for the Cyient DLM Limited IPO?If you are interested in this investment opportunity but unsure how to apply for the Cyient DLM IPO, here are the steps that you need to follow. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Cyient DLM Ltd IPO on Upstox:
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How to check the Cyient DLM Limited IPO allotment status?When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the Cyient DLM IPO allotment status:
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Open a demat account with Upstox to apply for the Cyient DLM Limited IPOTo apply for the Cyient DLM IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right? |
Upstox – trading app to apply for the Cyient DLM Limited IPOApplying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the Cyient DLM IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, due to its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. |
Pre-applying for the Cyient DLM IPO means applying for this public issue before it goes live. Click here to pre-apply for the Cyient DLM IPO on Upstox.
You can pre-apply for the Cyient DLM IPO from 26th June 2023. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Cyient DLM IPO opens for the subscription.
The Cyient DLM IPO launch date is 27th June 2023. The Cyient DLM IPO will be open for subscription till 30th June 2023.
The Cyient DLM lot size is 56 shares and the minimum investment required is ₹14,000.
The Cyient DLM IPO price band is ₹250 – ₹265 per share.
The size of the Cyient DLM IPO is approx. ₹592 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 7th July 2023.
Cyient DLM shares will be on NSE and BSE.
Cyient DLM shares’ listing date is 10th July 2023.