Cyient Dlm Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Cyient DLM

CMP

732.40

-13.20 (-1.77%)

₹265

Offer Price

₹ 592.00 Cr

Issue Size

₹ 14,840

Min Investment

67.31x

Times Subscribed

56

Lot size

Time Line

  • 27
    Jun 2023
    Open
  • 30
    Jun 2023
    Close
  • 05
    Jul 2023
    Finalisation of Basis of Allotment
  • 06
    Jul 2023
    Initiation of Refunds
  • 07
    Jul 2023
    Transfer of Shares to Demat Account
  • 10
    Jul 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Strengthening its core capabilities across focus industries and building scale

  • Strengthen its B2S value proposititon by investing in design capabilities to enhance its value addition and increase ownership in its engagements

  • Expanding inorganically to increase its geographic footprint and proximity with clients, further strengthen its capabilities and gain access to target customers

  • Strengthening its supply chain ecosystem and building on its operational efficiency

  • Further enhancing its capabilities in after-market services and value-added services, and exploring new adjacencies

Products & Services

  • The Company is an integrated EMS and solutions provider with a focus on the entire life cycle of a product, including design, build and maintain.

Strengths

  • Ability to provide integrated engineering solutions with capabilities across the product value chain;

  • High entry barriers for its competitors due to its technical expertise, capabilities in safety-critical electronics in highly regulated industries and customer engagement;

  • Robust and industry leading order book with marquee customers, with whom the company enjoys sustained and long-standing relationships as its preferred partner;

  • Manufacturing infrastructure, stringent quality, diverse in-house capabilities and robust supply chain, enabling it to provide high quality end-to end integrated solutions to its customers;

  • Parentage of its Promoter, Cyient Limited, and a long history of industry expertise, an experienced Board and senior management team.

Risks

  • The company business is dependent on the sale of its products to certain key customers. The loss of any of the company key customers or loss of revenue from sales to its customers could have a material adverse effect on the company business, results of operations, financial condition and cash flows.

  • The company order book may not be indicative of its future growth rate or new business orders the company will receive in the future. Further, its may not realize all of the revenue expected from our order book.

  • The company is highly dependent on its Promoter and its management team and key personnel and the loss of any key team member may adversely affect its business performance.

  • The company depend on third party suppliers for raw materials and components, which are on a purchase order basis. Such suppliers may not perform, or be able to perform their conditions in a timely manner, or at all and any delay, shortage, interruption, reduction in the supply of or volatility in the prices of raw materials on which the company relies may have a material adverse effect on its business, results of operations, financial condition and cash flows.

  • Any failure to compete effectively in the highly competitive EMS industry could have a material adverse effect on its business, results of operations, financial condition and cash flows.

Company Promoters

Promoters Holding

Issue For IPO
92.84%
Pre Holding

92.84%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2023 Mar-2023 3-Yr trend
Revenue 832.03 (15.50%) 832.03 (0.00%) 16.03 (0.00%)
Gross Profit 832.03 (15.50%) 832.03 (0.00%) 16.03 (0.00%)
Net Income 832.03 (15.50%) 832.03 (0.00%) 16.03 (0.00%)
Assets 832.03 (15.50%) 832.03 (0.00%) 16.03 (0.00%)
Liabilities 832.03 (15.50%) 832.03 (0.00%) 16.03 (0.00%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Cyient DLM Ltd 832.03 31.73 580.08 382.20 16.03 0.00 37.43 1.61 0.61
Syrma SGS Technology Ltd 2,048.39 119.32 2,541.16 2,541.16 7.74 7.50 87.28 4.69 0.23
Kaynes Technology India Ltd 1,126.11 95.02 1,418.73 1,418.73 9.90 19.84 165.17 6.69 0.14
DCX Systems Ltd 1,253.63 71.68 1,219.28 1,219.28 12.64 8.44 58.59 5.87 0.90

Book Running Managers

  • Axis Capital Ltd
  • JM Financial Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

3rd Flr Plot No.11, Software,
Units Layout Infocity Madhapur,
Hyderabad - 500081
Phone : 91 821 4000 500 Email : company.secretary@cyientdlm.com www.cyientdlm.com

Offer Related Information

Initial public offer of 22,373,584# equity shares of face value of Rs. 10 each ("Equity Shares") of Cyient DLM Limited ("Company" or "Issuer") for cash at a price of Rs. 265 per equity share (including a share premium of Rs. 255 per equity share) aggregating to Rs. 592.00 crores* (the "Issue"). * The company has, in consultation with the brlms, undertaken a private placement of 4,075,471 equity shares aggregating to Rs. 108.00 crores ("pre-ipo placement"). The size of the fresh issue of equity... More

News

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