Cyient DLM IPO GMP, Price, Date, Allotment
Cyient DLM, incorporated in 1993, is a prominent integrated Electronic Manufacturing Services (EMS) and solutions provider. With a strong focus on the entire life cycle of a product and extensive capabilities across the value chain, Cyient DLM has established itself as a qualified supplier to global original equipment manufacturers (OEMs) in industries such as aerospace and defense, medical technology, and industrial sectors.
Cyient DLM IPO GMP -Rs. 90-100/-
Introduction
Cyient DLM is an industry-leading company specializing in Electronic Manufacturing Services and solutions. With over two decades of experience, the company has developed expertise in handling high-mix, low-to-medium volume highly complex systems. It provides a comprehensive range of services to its clients throughout the entire product life cycle.
Cyient DLM Services
Cyient DLM offers two main types of Electronic Manufacturing Services:
Build to Print (B2P) Services
In the B2P model, clients design the product, and Cyient DLM provides agile and flexible manufacturing services based on the client’s specifications. This approach enables clients to leverage their own design capabilities while relying on Cyient DLM’s manufacturing expertise.
Build Specification (B2S) Services
In the B2S model, Cyient DLM designs the product based on the specifications provided by the client and then manufactures the product accordingly. This service offering is ideal for clients who require end-to-end support, from product design to manufacturing.
Clientele
Cyient DLM boasts an impressive client list, including renowned companies such as:
- Honeywell International Inc. (“Honeywell”)
- Thales Global Services S.A.S (“Thales”)
- ABB Inc.
- Bharat Electronics Limited
- Molbio 152 Diagnostics Private Limited
These partnerships highlight Cyient DLM’s reputation as a trusted supplier to major players in the aerospace and defense, medical technology, and industrial sectors.
Manufacturing Infrastructure
Cyient DLM operates three manufacturing facilities across Mysuru, Hyderabad, and Bengaluru in India. These facilities cover a total manufacturing area of 229,061 square feet, with the Mysuru facility alone occupying 65,929 square feet.
Promoters of Cyient DLM
Cyient DLM is promoted by Cyient Limited, a renowned global engineering and digital solutions company. The association with Cyient Limited lends Cyient DLM a strong foundation and access to vast resources.
Cyient DLM IPO Details
The initial public offering (IPO) of Cyient DLM is scheduled for the period between 27th and 30th June 2023. The key details of the IPO are as follows:
- IPO Price: INR 250 – 265 per share
- Fresh Issue: INR 592 crore
- Offer For Sale: NIL
- Total IPO Size: INR 592 crore
- Minimum Bid (Lot Size): 56 shares (INR 14,840)
- Face Value: INR 10 per share
- Retail Allocation: 10%
- Listing On: BSE, NSE
Financial Performance
Here is an overview of Cyient DLM’s financial performance:
| Financial Year | Revenue (INR crore) | Expenses (INR crore) | Net Income (INR crore) | Margin (%) |
|---|---|---|---|---|
| FY 2021 | 628.03 | 621.32 | 11.81 | 1.88 |
| FY 2022 | 720.53 | 677.75 | 39.80 | 5.52 |
| FY 2023 | 832.03 | 795.18 | 31.73 | 3.81 |
Valuations & Margins
Cyient DLM’s valuations and margins showcase its financial performance over the years:
| Financial Year | EPS | PE Ratio | RONW (%) | NAV | ROCE (%) | EBITDA (%) | Debt/Equity |
|---|---|---|---|---|---|---|---|
| FY 2021 | 4.80 | – | 31.38 | 15.30 | 11.48 | 7.32 | 7.41 |
| FY 2022 | 16.17 | – | 51.61 | 31.34 | 17.56 | 11.66 | 4.37 |
| FY 2023 | 7.75 | 32.26 – 34.19 | 16.03 | 48.33 | 13.48 | 10.55 | 1.80 |
IPO Dates & Listing Performance
The IPO timeline and listing performance for Cyient DLM are as follows:
- IPO Opening Date: 27th June 2023
- IPO Closing Date: 30th June 2023
- Finalization of Basis of Allotment: 5th July 2023
- Initiation of Refunds: 6th July 2023
- Transfer of Shares to Demat Accounts: 7th July 2023
- IPO Listing Date: 10th July 2023
- Opening Price on NSE: Coming soon
- Closing Price on NSE: Coming soon
Allotment Status
The allotment status for Cyient DLM IPO will be available on the KFin Tech website. You can visit this link to check the allotment status once it is published.
Conclusion
Cyient DLM’s IPO presents a compelling opportunity for investors to participate in the growth of a well-established and respected player in the Electronic Manufacturing Services sector. With a strong track record, diverse clientele, and robust financial performance, Cyient DLM is well-positioned for future success. Investors should conduct thorough due diligence and review the prospectus before making any investment decisions.
FAQs
How often does the IPO Grey Market Premium change?
The Grey Market Premium is dynamic and can change frequently, influenced by market conditions and investor sentiment. It is advisable to stay updated with the latest figures through reliable sources.
Can investors participate in the Grey Market trading?
Grey Market trading is conducted through a network of dealers, and participation is limited to select individuals or entities. It is an unofficial market and not regulated like the stock exchange.
Should investors rely solely on the IPO Grey Market Premium for investment decisions?
No, investors should consider the Grey Market Premium as one of several factors when making investment decisions. Thorough research, analysis of company fundamentals, and expert advice are equally important.
What is the significance of Kostak rates in IPO investments?
Kostak rates represent the price at which investors can sell their IPO application before listing. It provides an opportunity for early exits. Investors should evaluate both GMP and Kostak rates to make informed decisions.
Disclaimer:
The information provided in this article is for informational purposes only and should not be construed as investment advice. Investors are advised to conduct their own research and consult with financial professionals before making any investment decisions.
