Equity shares in Cyient DLM Limited will be issued via book-built issue in the company’s Initial Public Offering (IPO). The initial public offering (IPO) for Cyient DLM Limited is set for the week of June 27 – June 30, 2023.The issue is priced at ₹250 to ₹265 per share. The minimum order quantity is 56 Shares. With a face value of Rs. 10, each of the 22,339,623 shares up for sale in the IPO may bring in as much as 592 Cr. for the company. Let’s learn more about their initial public offering scheduled for June of 2023.
About Cyient DLM Limited
Cyient DLM Limited, founded in 1993, provides Electronic Manufacturing Services (EMS) and solutions. Electronic Manufacturing Services are provided by the company as Build to Print (“B2P”) and Build to Specification (“B2S”). Clients submit the design for the product for which the company delivers agile and flexible manufacturing services in B2P solutions. Furthermore, B2S services entail designing and manufacturing the appropriate product based on the requirements provided by the client.
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.
Honeywell International Inc. (“Honeywell”), Thales Global Services S.A.S (“Thales”), ABB Inc, Bharat Electronics Limited, and Molbio 152 Diagnostics Private Limited are among the company’s clients.
Cyient DLM IPO Issue Details
| Issue Type | Book Built IPO Issue |
| Issue Opens | 27th June 2023 |
| Issue Closes | 30th June 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 250 to Rs 265 Per Share |
| Issue Size | 22,339,623 Shares (Rs 592 crores) |
| Minimum Order Quantity | 56 Shares |
| Listing | NSE, BSE |
Purpose of the Issue
The company aims to use the net revenues of the offering to fund the following projects:
- Funding the company’s incremental working capital requirements,
- Funding the company’s capital expenditure,
- Repayment/prepayment of certain borrowings, in part or in full,
- Obtaining inorganic growth through acquisitions,
- General company objectives.
Cyient DLM Limited — Company Contact Details
- Registered & Corporate Office: 3 rd Floor, Plot No. 11, Software Units Layout, Infocity, Madhapur, Hyderabad 500 081
- Telephone: +91 821 4000 500
- Website: https://www.cyientdlm.com/
Cyient DLM Limited IPO – Lead Managers of the Issue
Axis Capital Limited
- Office Address: 1st Floor, Axis House, C-2 Wadia International Centre, P.B. Marg, Worli, Mumbai 400 025
- Telephone: +91 22 4325 2183
- Email: complaints@axiscap.in
Jm Financial Limited
- Office Address: 141 Maker Chamber III, Nariman Point, Mumbai 400 021
- Telephone: (91 22) 6630 3030
- Email: chintal.sakaria@jmfinancial.in
Cyient DLM Limited IPO – Registrar of the Issue
Kfin Technologies Limited
- Telephone: 04067162222, 04079611000
- Email: cyientdlm.ipo@kfintech.com
- Website: https://karisma.kfintech.com/
Cyient DLM IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.
