Cyient DLM Limited IPO - GMP, Subscription, Price, Dates & Financial Details
Cyient DLM Limited IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹592 Crore, comprising a fresh issue of 2.23 Crore equity shares aggregating to ₹592.00 Crore.
The Cyient DLM Limited IPO remained open for subscription from June 27, 2023, to June 30, 2023. The basis of allotment was finalized on July 05, 2023, and the company's shares were listed on the NSE and BSE on July 10, 2023.
The company had fixed the price band at ₹250 to ₹265 per share, with a lot size of 56 shares. Retail investors were required to make a minimum investment of ₹14,840 (based on the upper price band) to apply for one lot.
The IPO also included a reservation of 602,167 equity shares for eligible employees, who received a discount of ₹15 per share.
KFin Technologies Limited served as the registrar to the issue. Axis Capital Limited, and JM Financial Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Cyient DLM Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
- Price Band
- ₹ 250 – 265
- Lot Size
- 56
- Issue Size
- ₹592.00 Cr
- Minimum Investment
- ₹ 14,840 (56 Shares)
- Listing Date
- 10 July 2023
Current GMP
₹135 (+50.94%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Cyient DLM Limited
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.
Cyient DLM Limited IPO Promoters
Cyient Limited
Promoters Holding
Holding Pre Issue
92.84%
Holding Post Issue
66.68%
Cyient DLM Limited IPO Objective
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,
- Repayment/prepayment, in part or full, of certain of the borrowings,
- Achieving inorganic growth through acquisitions, and
- General corporate purposes.
Cyient DLM Limited Address / Contact Details
Cyient DLM Limited
3 rd Floor, Plot No. 11,
Software Units Layout, Infocity,
Madhapur, Hyderabad 500 081
Phone : +91 821 4000 500
Email : company.secretary@cyientdlm.com
Website : https://www.cyientdlm.com/
IPO Snapshot
Book Running Lead Managers
- Axis Capital Limited
- JM Financial Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Cyient DLM Limited IPO?
Cyient DLM Limited IPO is a Book-building IPO with a total issue size of ₹592 crore. The Cyient DLM Limited IPO price band is ₹250 to 265 per share. The Cyient DLM Limited IPO subscription opens on Tue, Jun 27, 2023, and closes on Fri, Jun 30, 2023. The Cyient DLM Limited IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the Cyient DLM Limited IPO.
When will the Cyient DLM Limited IPO open for subscription?
The Cyient DLM Limited IPO opens on Tue, Jun 27, 2023 and closes on Fri, Jun 30, 2023
What is Cyient DLM Limited IPO Price Band?
Cyient DLM Limited IPO Price Band is ₹250 to 265 per share.
What is Cyient DLM Limited IPO Lot Size?
Cyient DLM Limited IPO lot size is 56 shares, Retail investors need a minimum investment of ₹14840 based on the upper price band
What is the minimum investment for Cyient DLM Limited IPO?
The minimum investment for Cyient DLM Limited IPO is ₹14840, based on one lot of 56 shares at the upper price band of ₹265 per share.
How to apply for Cyient DLM Limited IPO?
Investors can apply for the Cyient DLM Limited IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Jun 30, 2023. The application amount remains blocked until the Cyient DLM Limited IPO allotment is finalized.
What is Cyient DLM Limited IPO Issue Size?
Cyient DLM Limited IPO issue size is ₹592 crores.
What is the Cyient DLM Limited IPO Allotment Date?
Cyient DLM Limited IPO allotment date is Wed, Jul 5, 2023.
Who is the Cyient DLM Limited IPO Registrar?
The registrar for Cyient DLM Limited IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Cyient DLM Limited IPO allotment status, refund processing, and other IPO-related information.
What is the Cyient DLM Limited IPO GMP?
The Cyient DLM Limited IPO GMP (Grey Market Premium) is ₹135 as of Mon, Jul 10, 2023. Based on the upper price band of ₹265 per share, the estimated Cyient DLM Limited IPO listing price is ₹400, indicating a potential listing gain of approximately 50.94% over the issue price.
Who is the Cyient DLM Limited IPO Lead Manager?
The book-running lead managers (BRLMs) for the Cyient DLM Limited IPO are JM Financial Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Cyient DLM Limited IPO Red Herring Prospectus (RHP).