Cyient DLM will raise Rs 740 Crore through IPO – Do you Subscribe?

Cyient DLM Rs 740 Crore IPO date price, Cyient DLM Ltd IPO, Cyient DLM IPO, Cyient DLM IPO GMP, Cyient DLM IPO Allotment

Cyient DLM Rs 740 Crore IPO date price has not yet been announced. The company has filed a preliminary paper with SEBI to float the IPO with a face value of INR 10. This is completely a fresh issue. The company filed the DRHP document with market regulator SEBI on January 9, 2023.

Cyient DLM Ltd IPO – Business Description

Cyient DLM Ltd is one of the top integrated providers of electronic manufacturing services and solutions. The company has strong capabilities across the value chain and complete life cycle of the products. Cyient DLM Ltd has over 20 years of experience in the industry providing high mix, low-to-medium volume highly complex systems to the global OEMs in the aerospace and defense, medical technology, and industrial sectors.

  • Cyient DLM is one of the largest suppliers of EMS (Electronics Manufacturing Services) services to the aerospace and defense industry in India.
  • Strong patronage – Cyient Limited is the parent company of Cyient DLM Limited.  
  • Strong client base – Over 300 clients from a variety of industries, including 29 Fortune 500 firms.
  • Three manufacturing facilities in India, at Mysuru, Hyderabad, and Bengaluru, with a total manufacturing area of 229,061 sq. ft.
  • The business makes use of the expertise of more than 15,000 employees across 19 nations.
  • Provides end-to-end solutions in electronic and mechanical aerospace manufacturing engineering – from conceptualization to design and maintenance.
  • The company is the first in India to obtain the National Aerospace and Defense Contractors Accreditation Program (NADCAP) certification for Circuit Card Assembly (CCA).
  • Having a world-class manufacturing infrastructure, strict quality controls, a varied range of internal capabilities, and a strong supply chain allows Cyient DLM Limited to provide its clients with high-quality, comprehensive integrated solutions.
Cyient DLM Rs 740 Crore IPO date price, Cyient DLM Ltd IPO, Cyient DLM IPO, Cyient DLM IPO GMP, Cyient DLM IPO Allotment

Cyient DLM Limited Leadership

Rajendra Velagapudi is the Managing Director of the Company since April 25, 2017. He holds a bachelor’s degree in technology from Nagarjuna University, and a master’s degree of engineering in automobile engineering from Anna University, Madras.  He has strong experience in the auto industry and worked with Ford Truck Manufacturing Division, Simpsons Co. Ltd., Bajaj Tempo Limited, and Bharat Earth Movers Limited in different positions.

Cyient DLM Limited Revenue and Profit

The company registered a strong revenue from operations. The revenue increased from INR 4,570.87 million in FY20 to INR 7,205.33 million in FY22.  Cyient DLM Limited reported high EBITDA and EBITDA margins. The profit after tax has increased from INR (67.04) in FY20 to INR 397.95 in FY22.

Cyient DLM Limited Financial Snapshot

All amounts in INR Million
(Year ended March 31)
202020212022
Revenue Operation4,570.876,280.287,205.33
Total Income4,649.126,369.117,284.84
EBITDA137.32459.44840.40
EBITDA Margin (%)3.007.3211.66
Profit After Tax(67.04)118.14397.95
PAT Margin (%)(1.47)1.885.52
Earnings Per equity Share-Diluted(2.72)4.8016.17
Net Cash from Operating Activities162.28349.28485.37

Objective Behind the Cyient DLM IPO

  • The Company will utilize INR 291.1 crore of the Net Proceeds to pay working capital needs.
  • INR 43.57 crore will be used to fund capital expenditures.
  • Cyient DLM will repay /prepay, in part or in full, certain borrowings. INR 154.13 crore will be utilized for this.
  • The company will also invest INR 74 crore for inorganic growth through acquisitions.
  • The rest of the net proceeds will be utilized for general corporate purposes.

Cyient DLM IPO: Do you invest?

  • The company is one of the biggest EMS service providers in India with strong parentage from Cyient Limited.
  • The per capita electronic consumption has been increasing globally while the per capita consumption of electronics in India is only USD 78 currently. This is only 1/4th of the global average. Indian per capita consumption of electronics products is likely to go up.
  • The EMS industry is anticipated to grow at a CAGR of 5% to reach USD 3,168 billion by CY 2026. Cyient will benefit from the growth of the industry.
  • The aerospace and defense industry outlook is looking promising both globally and in India as well. The Indian government is focusing on make in India concept for the defense sector as well.
  • Cyient DLM has a healthy financial position and favorable operating net cash flow, which strengthen its position in the market.
  • The above points interest me to invest in the Cyient DLM IPO for the long term.

Cyient DLM Rs 740 Crore IPO date price and Details

Cyient DLM IPO DetailsCyient DLM IPO Price Band,
Date and other details
Cyient DLM IPO DateComing soon
Cyient DLM IPO Price bandComing soon
Cyient DLM IPO Allotment dateComing soon
Refunds Initiation dateComing soon
Credit of Shares to Demat AccountComing soon
Listing DateComing soon
Fresh IssueINR 740 Crore
Offer for SaleNil
Equity Shares outstanding prior to the Offer52,866,000 Equity Shares
Maximum bid (lot size) 
For retail investor    
Coming soon
Minimum bid (lot size)    
For retail investor                                                 
Coming soon
Face ValueINR 10 per share
Listing on BSE & NSE

Cyient DLM IPO – Contacts and Lead Managers

Contact DetailsLead Managers
347, D1 & 2, KIADB Electronics City,
Hebbal Industrial Area,
Mysuru 570 061,
Karnataka, India
Email: company.secretary@cyientdlm.com
Telephone: +91 821 4000 500
www.cyientdlm.com
1. Axis Capital Limited
2.JM Financial Limited

Cyient DLM IPO Allotment Status

Cyient DLM IPO allotment status will be available on KFin Technologies website website. To know your allotment status, get ready with your PAN number and click on this link. You may also reach out to Telephone: +91 40 6716 2222, E-mail: zaggle.ipo@kfintech.com

Cyient DLM IPO GMP

DateCyient DLM IPO GMP IPO Price

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