CYIENT DLM

CYIENTDLM

₹250-265

per share

Bidding Dates

27-30 Jun

Min. Investment

₹14,000.00

Lot Size

56 shares

Issue Size

₹592 Cr

IPO Timeline

Bidding starts

27 Jun ‘23

Bidding ends

30 Jun ‘23

Allotment finalisation*

05 Jul ‘23

Refund initiation*

06 Jul ‘23

Demat transfer

07 Jul ‘23

Listing

10 Jul ‘23

* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

About Cyient DLM Limited IPO

Incorporated 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:

Company Name	Cyient DLM Limited	Company Type	Public
Company Established On	1993	Cyient DLM Limited IPO Opening Date	27th June 2023
Cyient DLM Limited IPO Closing Date	30th June 2023	Cyient DLM Limited IPO Allotment Status	5th July 2023
Credit of Shares to the Demat Account	7th July 2023	Cyient DLM LimitedIPO Listing Date	10th July 2023
Cyient DLM Limited IPO Face Value	10	Cyient DLM Limited IPO Lot Size	56 shares
Cyient DLM Limited IPO Issue Size	592 Crores	Cyient DLM Limited IPO to be Listed on	BSE, NSE
Cyient DLM LimitedIPO Price band	₹ 250-265

Financial snapshot

Particulars	FY 21	FY 22	FY 23
Revenue	₹ 628 crore	₹ 720 crore	₹ 832 crore
Net Profit	₹ 11.8 crore	₹ 39.7 crore	₹ 31.07 crore

A quick look at Cyient DLM Limited IPO’s strengths, risks and threats

Strengths

Provides integrated engineering solutions with end-to-end manufacturing, assembling and repair capabilities for electronics and mechanical products.
Between FY21 to FY23, the company's revenue increased from ₹628 to ₹832 crore, a CAGR growth of nearly 10%.
High entry barriers for competitors because sectors like aerospace and defence, medical technology and industrials, which the company caters to, are highly regulated industries.
As of 31 March 2022, the company's order book stands at ₹2,432 crore. Meanwhile, it has 35 clients during the same period.
Derives significant advantages and a competitive edge due to the strong parentage of its promoter - Cyient Limited.

Risks and threats

Company has high customer concentration. Its top 10 clients accounted for over 91% of total revenue in FY23. Hence, any default or payment delays could impact business.
Dependent on third-party suppliers for raw materials and components, some of which are exported from the USA, Europe, Israel, China, Singapore and other Asian countries.
Operates in a highly competitive industry. Any failure to compete effectively in the EMS industry could adversely affect our business.

Cyient DLM Limited IPO details

| Cyient DLM Limited IPO date

The 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 Band

The 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 size

The 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:

Log in to your Upstox account, using your six-digit PIN
After logging in, click on ‘Discover’
On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
Under the Invest in IPO section, look for the ‘Cyient DLM IPO’ tab and click on it
Now fill in all the required information, like ‘bid price’ and ‘lot size’
Confirm and click on ‘Apply’
Accept the mandate on your UPI app

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:

Login to your Upstox account, using your six-digit PIN
After logging in, click on ‘Discover’
On the ‘Discover’ page, you will find the ‘Invest in IPO’ section
Under the Invest in IPO section, you will find the ‘View all’ option
Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
In the ‘IPO’ tab, click on ‘My applications’
In ‘My applications’, under the History section, your Cyient DLM IPO allotment status will be mentioned

Open a demat account with Upstox to apply for the Cyient DLM Limited IPO

To 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:

Click here to visit the demat account opening page on the Upstox website.
Enter your phone number and other essential details
Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque and your bank statement as needed
Complete the e-verification using the OTP sent to your registered mobile number

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 IPO

Applying 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.

IPO analysis

Registrar information

Name

KFin Technologies Limited

Phone number

+91 40 6716 2222

Email ID

cyientdlm.ipo@kfintech.com

Red herring prospectus

View documents submitted by company in filing to understand more details about them.

FAQs

How can you pre-apply for the Cyient DLM IPO?

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.

When does pre-apply for the Cyient DLM open and how can you pay for it?

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.

How to apply for the Cyient DLM IPO? Or How to invest in the Cyient DLM IPO?

You can apply on Upstox’s website and app, once the Cyient DLM IPO opens for the subscription.

When does the Cyient DLM IPO open and close 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.

What’s the lot size and minimum investment needed for the Cyient DLM IPO?

The Cyient DLM lot size is 56 shares and the minimum investment required is ₹14,000.

What is the price band for the Cyient DLM IPO?

The Cyient DLM IPO price band is ₹250 – ₹265 per share.

What’s the size of the Cyient DLM IPO?

The size of the Cyient DLM IPO is approx. ₹592 crore.

How many bids can I place for the Cyient DLM IPO?

You can place up to three bids for an application.

Can these bids be placed at different times during the IPO subscription period?

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.

When will Cyient DLM shares be credited to your demat account?

If shares are allotted, then they will be credited to your demat account on 7th July 2023.

Which exchanges will Cyient DLM shares list on?

Cyient DLM shares will be on NSE and BSE.

When will Cyient DLM shares list on the exchanges?

Cyient DLM shares’ listing date is 10th July 2023.