Cyient DLM IPO: The closing date for the IPO is set for June 30, with anchor investors having the opportunity to bid for the issue on June 26. The company has scheduled the finalization of share allotment for July 5, and refunds for unsuccessful applicants will be initiated on July 6. The shares of Cyient DLM are expected to be listed on exchanges on July 10. It is worth noting that Cyient Ltd holds a stake of over 92.84 percent in Cyient DLM.
Despite weakness on Dalal Street on Friday, the grey market premium (GMP) of the Cyient DLM IPO increased on June 24. Investor attention has been drawn to the shares of the company as it prepares to launch its initial public offering on June 27. The IPO is expected to be listed on the BSE and NSE exchanges next month. Cyient DLM is a mainboard IPO that is set to close on June 30.
Cyient DLM IPO Dates
The initial public offering (IPO) for Cyient DLM will commence on June 27, 2023, and conclude on June 30, 2023. The Basis of Allotment for the Cyient DLM IPO will be finalized on Wednesday, July 5, 2023, with the allotted shares being credited to your demat account by Friday, July 7, 2023. The listing date for the Cyient DLM IPO is scheduled for Monday, July 10, 2023. This IPO is for 22,339,623 equity shares of ₹10 face value, amounting to a total of ₹592.00 Crores. The issue price per share ranges from ₹250 to ₹265, and the minimum order quantity is 56 shares.
Cyient DLM IPO Details
| IPO Date | Jun 27, 2023 to Jun 30, 2023 |
| Face Value | ₹10 per share |
| Price | ₹250 to ₹265 per share |
| Lot Size | 56 Shares |
| Total Issue Size | 22,339,623 shares (aggregating up to ₹592.00 Cr) |
| Fresh Issue | 22,339,623 shares (aggregating up to ₹592.00 Cr) |
| Employee Discount | Rs 15 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 56,941,471 |
| Share holding post issue | 79,281,094 |
| QIB Shares Offered | Not less than 75.00% of the Net offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Offer |
| Retail Shares Offered | Not more than 10.00% of the Offer |
Important Dates of Cyient DLM IPO
Cyient DLM IPO opens on Jun 27, 2023, and closes on Jun 30, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Tuesday, 27 June 2023 |
| Closing Date | Friday, 30 June 2023 |
| Basis of Allotment | Wednesday, 5 July 2023 |
| Initiation of Refunds | Thursday, 6 July 2023 |
| Credit of Shares to Demat | Friday, 7 July 2023 |
| Listing Date | Monday, 10 July 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jun 30, 2023 |
Cyient DLM IPO Lot Size
The Cyient DLM IPO lot size is 56 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 56 | ₹14,840 |
| Retail (Max) | 13 | 728 | ₹192,920 |
| S-HNI (Min) | 14 | 784 | ₹207,760 |
| S-HNI (Max) | 67 | 3,752 | ₹994,280 |
| B-HNI (Min) | 68 | 3,808 | ₹1,009,120 |
Objects of the Cyient DLM IPO
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Funding incremental working capital requirements of the company,
- Funding capital expenditure of the company,
- Investment in product development.
- Achieving inorganic growth through acquisitions, and
- General corporate purposes.
About Cyient DLM Limited IPO
Established in 1993, Cyient DLM Limited specializes in providing Electronic Manufacturing Services (EMS) and comprehensive solutions to its clients.
The company offers two primary types of Electronic Manufacturing Services: Build to Print (B2P) and Build to Specification (B2S). Under the B2P model, Cyient DLM works closely with clients who provide the product design, while the company leverages its agile and flexible manufacturing capabilities to deliver efficient manufacturing services. On the other hand, B2S services involve Cyient DLM designing and manufacturing the product based on the specific requirements and specifications provided by the client.
Cyient DLM’s diverse range of solutions includes Printed Circuit Board (PCB) assembly (PCBA), cable harnesses, and box builds. These components find critical applications in safety-focused systems such as cockpits, inflight systems, landing systems, and medical diagnostic equipment.
The company has developed a robust client portfolio that includes notable industry players like Honeywell International Inc., Thales Global Services S.A.S, ABB Inc, Bharat Electronics Limited, Molbio 152 Diagnostics Private Limited, and more. These strategic partnerships demonstrate Cyient DLM’s reputation for delivering high-quality EMS solutions to prominent organizations across various sectors.
With its extensive experience and expertise in electronic manufacturing, Cyient DLM continues to serve as a reliable partner for clients seeking comprehensive EMS solutions, helping them bring their innovative products to market successfully.