Cyient DLM Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 16,330,189 (73%) | — | ₹43,275 Cr |
| NII (HNI) | — | 3,266,037 (15%) | — | ₹8,655 Cr |
| Retail | — | 2,177,358 (10%) | — | ₹577 Cr |
| Employee | — | 600,000 (3%) | — | ₹159 Cr |
| Σ Total | — | 22,373,584 (100%) | — | ₹592,900 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 56 | ₹14,840 |
| Retail (Max) | 13 | 728 | ₹192,920 |
| S-HNI (Min) | 14 | 784 | ₹207,760 |
| B-HNI (Min) | 67 | 3,752 | ₹994,280 |
Financial Statements Amount in Crore
| Metric | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 |
|---|---|---|---|
| Revenue | 465 | 637 | 728 |
| Profit After Tax | -7 | 12 | 40 |
| Net Worth | 26 | 38 | 77 |
| Total Assets | 593 | 645 | 777 |
| Reserves & Surplus | 24 | 36 | 76 |
| Total Borrowing | 261 | 234 | 293 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Funding incremental working capital requirements of the Company – 291.09
- 2 Funding capital expenditure of the Company – 43.57
- 3 Repayment/prepayment, in part or full, of certain of the borrowings – 160.91
- 4 Achieving inorganic growth through acquisitions; and – 70.00
- 5 General corporate purposes – 93.39
Company Overview
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, and
- Box 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.