catamaran ventures cyient dlm

This Company's Stocks, Issued At Rs 250 In July, Now Trading At Rs 690

Curated By : Business Desk

Local News Desk

Last Updated: October 18, 2023, 12:00 IST

Delhi, India

Cyient DLM is a subsidiary of midcap IT company Cyient Ltd.

Catamaran Ventures, led by NR Narayana Murthy, founder of the country's leading IT company Infosys, has about 1.80 per cent stake in Cyient DLM.

Shares of company Cyient DLM made a solid debut at Dalal Street in July and extended their gains in October as well. Cyient DLM’s IPO was issued at Rs 250 and the price increased to Rs 265. It again saw a bullish trend, listed at Rs 401 on July 10, and is now trading at the price of Rs 690. It has also traded at the price of Rs 779 in September and delivered multi-bagger returns.

Cyient DLM is now attracting investors who have not invested in the stock. Stocks that provide returns that are many times their costs are called multi-baggers. These are stocks that are lower than their cost and have strong fundamentals, thus presenting themselves as great investment options.

Cyient DLM is a subsidiary of midcap IT company Cyient Ltd, the Hyderabad-based industry-centric technology solutions company. Cyient holds 92.84 per cent of the capital of Cyient DLM Ltd while Amansa Investments of Singapore holds the balance of 7.16 per cent. This company provides services in the Aerospace, Defence, Healthcare and Life Sciences segments. Catamaran Ventures, led by NR Narayana Murthy, founder of the country’s leading IT company Infosys, has about 1.80 per cent stake in Cyient DLM.

One of the special features of the stock of this company is that its shares were listed at a premium of 51 per cent. Till now, this share has given returns of up to 70 per cent and the market capitalisation of Cyient DLM is around Rs 56.76 billion.

Anubhuti Mishra, Equity Research Analyst at Swastika Investment, had a word with Business Today about Cyient DLM in July. She said,” Cyient DLM is a fundamentally strong company, has a strong track record of growth, and is well-positioned to benefit from the growing demand for digital manufacturing solutions. We will not recommend a fresh ‘buy’ at this level. However, existing investors can hold the shares for the long term with a stop loss at 362.7, as the company has good growth prospects.”

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Narayana Murthy gains Rs 4,53,95,970 in just one day as small-cap unveils a new facility with 3x capacity expansion, with an analyst meet featuring big funds on the horizon!

Strategically designed for a threefold expansion, projecting an eventual capacity of 180,000 hours per annum with the incorporation of 20 cutting-edge machines

In a remarkable display of strength, the Nifty index catapulted to new heights, opening at an impressive 21,110 and reaching an unprecedented pinnacle of 21,211. Despite a partial retraction, it concluded the day at an impressive 21,183, marking a substantial gain of 256 points or 1.23 per cent over the previous day's close.

This surge was notably spurred by the Nifty decisively breaking out of a six-day consolidation phase, buoyed by a dovish commentary from the US Federal Reserve during its final policy review for 2023. The Fed hinted at an earlier-than-expected interest rate cut, potentially commencing as early as March 2024, a move anticipated to be mirrored by the Reserve Bank of India.

Amidst this bullish market landscape, one Small-Cap standout caught the attention of investors— Cyient DLM Ltd . The stock surged more than 5 per cent, underpinned by robust trading volume exceeding five times the 30-day average, signaling substantial market interest and alignment with the prevailing trend.

The impetus behind this upward trajectory was the unveiling of a new precision machining facility in Bangalore by Cyient DLM, an integrated electronics manufacturing company. The facility, currently boasting a capacity of 60,000 hours per annum, is strategically designed for a threefold expansion, projecting an eventual capacity of 180,000 hours per annum with the incorporation of 20 cutting-edge machines. Spanning 36,000 square feet, this state-of-the-art facility represents a significant stride in the company's pursuit of excellence.

Adding to the intrigue, Cyient DLM is slated to participate in an Analyst/Investor meet on Tuesday, December 19, 2023, featuring notable entities such as Alchemy, Edelweiss, Mirabilis, Moneybee, Bay Capital, Alpha Accurate, Electrum Capital, JM PMS, Pidilite Family Office, Sahasrar Capital, Incred, and Mahindra MF.

An intriguing aspect surfaces with the revelation that Catamaran Ventures Llp holds a noteworthy 1.77 per cent stake in Cyient DLM, translating to 1,405,448 shares. Led by the globally respected entrepreneur and Infosys founder, Mr. Narayan Murthy, Catamaran Ventures Llp serves as a catalyst for fostering innovative enterprises in India.

Against the backdrop of the stock's impressive surge of 5.25 per cent or Rs 32.30 per share, Catamaran Ventures Llp's gained Rs 4,53,95,970 in just one-day.

Disclaimer: The article is for informational purposes only and not investment advice.

DSIJ offers a service 'Pop Stock" with recommendations for intraday trading based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here

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Cyient DLM Reports Robust Q4 and Annual Results, with 92.9% YoY growth in FY24 PAT

Cyient DLM declares Q3 FY24 results

Cyient DLM Honoured with National Export Excellence Award 2024

Cyient DLM inaugurates new precision machining facility in Bangalore

Cyient DLM declares Q2 FY24 results

Cyient dlm receives the supplier excellence award from honeywell aerospace..

Cyient DLM CEO featured in EMS NOW

Cyient DLM Conferred with the State Export Excellence Award by the Hon'ble CM of Karnataka

Cyient DLM declares strong Q1 FY24 results

Cyient DLM is now listed on NSE & BSE

Aerospace and Defense

Partner of choice for safety-critical electronics

We help industrial customers build smarter products

Healthcare & Lifesciences

Design, Build, and Maintain Partner for Global Medical Device and Lifesciences Companies

Building Tomorrow Together

At Cyient DLM, we help bring your ideas to reality. We deliver Design Led Manufacturing (DLM) solutions using an integrated manufacturing approach to support the entire product life cycle from concept through manufacturing and certification. We ensure that your products meet very robust standards of reliability, safety, and performance through a methodological approach to improving processes, streamlining supply chain and designing value added solutions there by helping minimize your total cost of ownership.

Years of manufacturing experience

sq ft of manufacturing floor space

Design associates through the Cyient Services arm

• Aerospace & Defense

We help industrial and heavy equipment customers build smarter products

Healthcare and Lifesciences

Strong design and manufacturing capabilities with extensive experience in medical technology

Capabilities

• Integrated Manufacturing

Integrated manufacturing capabilities with end-to-end ownership across the product life cycle

Building a highly complex product needs a partner you can trust. For over two decades Cyient has been helping some of the biggest players take their products to market.

• Electronics Manufacturing

Leveraging high-mix domain expertise to build and assemble the finest electronic systems

Companies around the world are increasingly focused on getting their products to market faster and remaining cost-effective without compromising quality.

• Mechanical Manufacturing

Delivering precision in engineering with our rich mechanical manufacturing heritage

From highly sophisticated systems to precision components, the manufacturing process has a major role to play in determining the final product’s performance, quality, and cost.

• Additive Manufacturing

Accelerate complex parts and tooling development with our additive manufacturing services

Additive manufacturing services are speeding up product design and development processes with broad acceptance across industries. By using 3D modeling services, additive manufacturing enables businesses to create tools on-demand, and with multiple design iterations in the time taken to procure a single tool conventionally.

• Value Added Services

Adding value to our customers through our NPI, supply chain and sustenance solutions

Time-to-market is critical when it comes to new product introduction (NPI). At Cyient, we realize the importance of NPI in optimizing a new product’s time-to-market.

Across Design, Build and Maintain

Design, development, and systems engineering expertise that helps to bring outstanding products to market.

Electronics, mechanical, and additive manufacturing expertise that helps build complex parts/products to specification.

Aftermarket solutions that support the quality, reliability and performance of products, assets and services.

Become a part of our team

Key recognitions.

Award of multi-million dollar contract by Honeywell

Bharath Electronics – Partnership Recognition Award

STPI award - highest growth in electronics hardware exports

Awarded social impact solution of the year by NASSCOM

Awarded Thales global best supplier 

Voice of our Customers

We don’t design and develop the world’s greatest aircraft engines without a passion for engineering excellence. We are becoming better companies as a result of our relationship together.

A lot of Cyient associates have become real mapping experts. It is important to be very flexible and fast and to be able to respond to market requirements, and that is exactly what the Cyient partnership allow us to do.

High quality, first-time right, and solving issues are the reasons we have chosen Cyient. When our customers demand more connections, we need a partner who is able to support us not only with the same quality, but who also gives us flexibility.

We are excited to be working in partnership with Cyient to deliver the new national digital LLC Service.

Cyient's digital solution has helped us shorten tooling search times, get proactive calibration alerts, and measure tool inactivity, which enable improved shop floor productivity

Advancements in Esri technology combined with Cyient's domain focus and industry expertise have resulted in solutions that are helping to solve complex challenges across multiple industries.

In The News

Press Release

Cyient dlm honoured with the supplier excellence award from honeywell aerospace.

Cyient DLM Reports Robust Q4 and Annual Results, with 92.9% YoY growth in PAT

Industry success stories, healthcare and life sciences.

Our customer is a pioneer in introducing the first-of-its-kind, affordable RT-PCR unit for molecular diagnostics for 22+ infectious diseases such as dengue, malaria, COVID-19, etc. Our relationship with our customers goes back several years when they were a startup and only had a product with a high-level blueprint. They were looking for a partner who believed in their vision to develop a first-of-its-kind, affordable Make-in-India RT-PCR unit for the masses. We saw an opportunity to bring to market a product that had the potential to impact the lives of millions of people with affordable healthcare.

Utilizing our in-house global medical and healthcare domain engineering design and manufacturing expertise, we have supported in improving the manufacturability and quick ramp-up of the product to meet the need of hour crisis during Covid 19 phases.

Despite the initial low volumes, we were able to set-up the lines and streamline the SCM and procurement process, supporting our customers need. At the peak of the pandemic, when our customer came up with the modified version of RT-PCR for COVID-19 testing, we were able to scale-up our production effectively in aggressive timelines to meet the massive spike in demand at competitive costs. We are our customers biggest external partner supplying various RT-PCR box build variants and chip PCBA. NASSCOM awarded us the "2020 Social Impact Solution Award of the Year" for this project that has touched the lives of more than 30 million people so far.

Our customer is a Fortune 500 global aerospace company and a diversified manufacturer of aero engines, avionics, and airfield lighting systems. Our engagement with them started in 2014 when we stepped in to help address their challenge of staying competitive amidst spiraling manufacturing costs on location in the US and Europe. Our customer set-up a new global R&D center in Bangalore, India, to cut costs and wanted to have a manufacturing site supporting some of their global programs in close proximity for ease of coordination. We were shortlisted for our expertise in dealing with and manufacturing of low- to medium-volume, high-mix complex aero electronic products to the highest quality standards.

We used our vast aerospace and defense design and manufacturing experience in dealing with our global customers and cross-pollinated some of the best practices and lessons learned to address our customer's specific product needs and challenges. We have set up a complex potting section to take care of special requirements, including conformal coating, which is part of the Product. We successfully carried out part localization for different power variants of another complex product which included localization of parts for cost competitiveness.

Our supply chain management technologies and Industry 4.0 linked plants enabled our customers to ensure predictable delivery schedules and continuous quality improvement. This helped in developing and producing products with faster time-to-market that were superior in quality. The trust developed over the past several years of our association led to the award of a mega multiyear next-gen aero cockpit cloud-connected avionics suit contract for Cyient DLM, which includes the manufacture and testing of multiple LRUs.

Our customer is a Fortune 500 global leader in industrial electrification and automation. They were looking for a partner to support critical and complex industrial products and sub-systems such as measurement analytical devices, flowmeters, power grid products, calibration equipment etc.  Our relationship with them dates back to 1996, when the EMS industry in India was at a nascent stage. We eventually ended up as our customers - the first preferred partner in India.

We supported our customers with high-mix medium volume complex PCBA/cable assemblies/box-builds. We also helped one of our customer divisions in Australia in formulating an India outsourcing strategy and supported them with the manufacturing and localization of multiple products within their power grid portfolio for their global requirements. With the maturing of our relationship, we now provide extensive support to their process automation and measurement analytics division globally through the vendor-managed inventory (VMI) concept.

Our understanding of our customer's global internal business unit's structure and their sourcing requirements has enabled us to help them achieve their India sourcing objectives. For our customers US division, our operational model enables to deliver the final shipment of finished goods from our designated warehouse in the US on a need basis, shielding our customers from industry fluctuations and excess inventory storage. We enjoy a deep, over 2 decades strategic relationship delivering quality output year-on-year due to strong quality assurance processes and a competent workforce.

• Rail Transportation

Cyient Cab Event Response Output-CYCERO

This is a Cyient-designed and developed product for highly critical passenger and asset safety in the rail industry. With the train driver playing a major role in ensuring safety, CyceroTM (Cyient Cab Event Response Output) is a CE-certified supplementary alarm system fitted in the train driver's cab to ensure that no alarm raised for the driver goes unnoticed. Cycero is built with scalable architecture, which accommodates options to customize features to suit specific requirements.

Cycero provides a unified output of audio alarms by processing input triggers from sub-systems such as Train Control Management System (TCMS), Train Protection & Warning System ( TPWS), Communications-Based Train Control ( CBTC), and others. It supports 16 input triggers for which alarm tones can be played from the primary audio outputs. The device also has analog audio inputs, which can play alarms from the secondary audio outputs. Cycero alerts the driver by playing preconfigured tones associated with specific events and prompts immediate corrective action. The device allows the configuration of priority levels of individual triggers wherein a higher priority trigger can override or play at a higher amplitude over a lower priority trigger. Cycero uses the cab's existing speaker system, and external loudspeakers can also be provided on demand. The alarm tones are stored in Cycero's internal memory and are played by a 32-bit ARM microcontroller when triggered by an input signal.

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Cyient DLM (Estd: 1993 ) is a Electronic Manufacturing Services Company

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Cyient DLM IPO opens today: Should you subscribe to the issue?

Incorporated in 1993, cyient dlm provides electronic manufacturing services as build to print and build to specification services including product design, and flexible manufacturing services.

• Updated Jun 27, 2023, 9:34 AM IST

The Rs 592 crore-initial public offering (IPO) of Cyient DLM kicks off for subscription on Tuesday, June 27 as the company would sell its shares in the price band of Rs 250-265 apiece with a lot size of 56 equity shares. The three-day stake sale of up to 2,23,39, 623 fresh equity shares will conclude on Friday, June 30. Incorporated in 1993, Cyient DLM provides Electronic Manufacturing Services (EMS) as build to print (B2P) and build to specification (B2S) services including product design, and flexible manufacturing services tailored to meet their specific requirements. The company also undertook a pre-IPO placement of 40,75,471 equity shares to Amansa Investments at a price of Rs 265 apiece amounting to Rs 108 crore. A day before its IPO, Cyient DLM mopped up Rs 259.64 crore by allocation of 97,98,113 shares at an issue price of Rs 265 apiece to 20 anchor investors including Societe Generale, Catamaran Ekam, BNP Paribas and multiples mutual funds. Cyient DLM has reserved shares worth Rs 15 crore for its eligible employees, who will get a discount of Rs 15 apiece for the issue. Not more than 75 per cent of the net offer is reserved for qualified institutional bidders (QIBs), while non-institutional investors will get 15 per cent of the offer. Retail bidders will be allocated with the remaining 10 per cent of the offer. Net proceeds from the fresh issue will be utilised towards funding incremental working capital requirements of the company, funding capital expenditure of the company, repayment or prepayment, in part or full, of certain of the borrowings; achieving inorganic growth through acquisitions; and general corporate purposes. The core solutions provided by Cyient DLM encompass various key components, including printed circuit board assembly, cable harnesses, and box builds. These components play a crucial role in safety of critical systems. and its key customers include Honeywell International, Thales Global Services, ABB Inc, Bharat Electronics, and Molbio 152 Diagnostics among others. For the year ended on March 31, 2023, Cyient DLM clocked a net profit at Rs 31.73 crore with a total revenue at Rs 838.34 crore.  The company's net profit stood at Rs 39.80 crore with a total revenue at Rs 728.48 crore. Axis Capital and JM Financial are the book-running lead managers to the issue, while KFin Technologies has been appointed as the registrar. Shares of Cyient DLM will be listed on both BSE and NSE. The issue has majorly garnered positive rating from the analysts who have suggested subscribing to the issue citing niche business sector, strong growth outlook and sound promoter background. However, a few have flagged muted margins, dropping profits and dependence on key clients as the biggest concerns. Here's what a host of brokerage firms said about the issue: Reliance Securities Rating: Subscribe The EMS market globally is witnessing a strong growth trajectory. India’s EMS market contributes 2.2 per cent of the global EMS market in 2022 and it is the fastest growing among all countries at a CAGR of 32.3 per cent. It is expected to contribute 7 per cent of the global EMS market in 2026 which will aid the company to grow further, said Reliance Securities. "Considering the strong business prospects, healthy financials, diversified product mix, tailwinds on the back of solutions-oriented approach, client-focused service and track record of reliability, we recommend 'subscribe' to the issue," it said. Geojit Financial Services Rating: Subscribe The electronics industry in India is poised for growth, supported by government initiatives like Make in India, the PLI scheme and the China + 1 Strategy adopted by OEMs. CDL has a bright future ahead considering its robust order book, reduced debt post IPO and strong promoter backing augurs well for the company, said Geojit Financial Services said with a 'subscribe' rating. Canara Bank Securities Rating: Subscribe Cyient DLM is an integrated manufacturing services provider, serving highly regulated industries with high entry barriers. The company plans to strengthen its core capabilities. As the company caters across the value chain, it also would help diversify its capabilities in the future. As per FY23, the company is attractively valued, said Canara Bank Securities with a 'subscribe' tag. Hensex Securities Rating: Subscribe Cyient DLM has over 2 decades of experience in developing high mix, low-to-medium volume highly complex systems. The Company has shown fabulous growth post Covid, it witnessed negative Net Profit in 2020 in the last 3 years the company has sustained Positive Net Profits. The Company Generated almost 60 per cent of its revenue from India, said Hensex with a 'subscribe' rating. Choice Broking Rating: Subscribe Domestic EMS provides complex EMS services to highly regulated sectors, which has stringent quality and qualification requirements. Over the period, it has developed expertise, which acts as an entry barrier for a new competitor. Order book is healthy and is largely from key clients, which demonstrates the client stickiness, said Choice Broking. "At a higher price band, CDLM is demanding a P/E multiple of 66.2 times, which is at premium to the peer average. However, considering the robust order book, strong parentage and benefits of lower finance costs in the near-to-medium term, we feel the demanded valuation is attractive. Thus, we assign a 'subscribe' rating for the issue," it added. Stoxbox Rating: Subscribe "Post-IPO, the reduction in debt will save financial cost and increase the company’s earnings. We advise cash surplus investors to park funds for long-term rewards. On the upper end of the price band, the issue will be valued at 34.2x FY23 EPS which we believe is fairly priced. We, thus, recommend a 'subscribe' rating for the issue," said Stoxbox. Swastika Investmart Rating: Subscribe The EMS sector is growing globally, and India is expected to be a major beneficiary of this trend. The shift of global demand from China to India is creating new opportunities for EMS providers in the country. Cyient DLM is a leading EMS and solutions provider with a strong track record. The company has over 22 years of experience and is backed by Cyient, said Swastika. "Cyient DLM has a strong order book and enjoys high entry barriers due to its technical expertise, customer engagement, and focus on highly regulated industries. However, the company's financial performance has been slightly disappointing as profit and margin have declined but there has been growth in revenue. The IPO is fairly priced," it added with a subscribe rating. 

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Business Today)

Also read:  Tata Communications, Infosys, PB Fintech: How should you trade these buzzing stocks?

Also read: Adani Enterprises, Adani Ports, 3 other shares may see $129 million inflows on NSE indices rejig

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Cyient DLM IPO: Issue fully subscribed on Day 2; retail portion sees huge interest

Cyient dlm ipo subscription status: the company has received bids for 10,13,25,112 shares against 1,33,32,297 shares on offer, according to data from the bse..

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Cyient dlm raises rs 260 crore from 20 anchor investors ahead of ipo.

Cyient DLM has raised INR 259.64 crore ($40m) from 20 anchor investors ahead of its initial public offering (IPO), set to open on Tuesday. The company plans to allot the shares at an anchor investor allocation price of INR 265 per equity share, including share premium of INR 255 per equity share. The eight domestic mutual funds behind the investment included ICICI Prudential, Founders Collective Fund, HDFC MF and Tata Infrastructure Fund. Cyient DLM said it intends to use the net proceeds towards funding incremental working capital requirements, inorganic growth through acquisition and for general corporate purposes.

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• IPO Details
• Subscription

Cyient DLM IPO is a book built issue of Rs 592.00 crores. The issue is entirely a fresh issue of 2.23 crore shares.

Cyient DLM IPO bidding started from June 27, 2023 and ended on June 30, 2023. The allotment for Cyient DLM IPO was finalized on Tuesday, July 4, 2023. The shares got listed on BSE, NSE on July 10, 2023.

Cyient DLM IPO price band is set at ₹250 to ₹265 per share. The minimum lot size for an application is 56 Shares. The minimum amount of investment required by retail investors is ₹14,840. The minimum lot size investment for sNII is 14 lots (784 shares), amounting to ₹207,760, and for bNII, it is 68 lots (3,808 shares), amounting to ₹1,009,120.

The issue includes a reservation of up to 602,167 shares for employees offered at a discount of Rs 15 to the issue price.

Axis Capital Limited and Jm Financial Limited are the book running lead managers of the Cyient DLM IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Cyient DLM IPO RHP for detailed information.

Cyient DLM IPO Details

Cyient DLM IPO Reservation

Cyient DLM IPO offers 22,375,751 shares. 6,532,076 (29.19%) to QIB, 3,266,037 (14.60%) to NII, 2,177,358 (9.73%) to RII, 602,167 (2.69%) to employees 9,798,113 (43.79%) to Anchor investors. 38,881 RIIs will receive minimum 56 shares and 1,388 (sNII) and 2,777 (bNII) will receive minimum 784 shares. (in case of oversubscription)

Cyient DLM IPO Anchor Investors Details

Cyient DLM IPO raises Rs 259.65 crore from anchor investors. Cyient DLM IPO Anchor bid date is June 26, 2023. Cyient DLM IPO Anchor Investors list

Cyient DLM IPO Timeline (Tentative Schedule)

Cyient DLM IPO opens on June 27, 2023, and closes on June 30, 2023.

Cyient DLM IPO Lot Size

Investors can bid for a minimum of 56 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Cyient DLM IPO Promoter Holding

Promoter of the company is Cyient Limited.

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.

Company Financials

Key Performance Indicator

The market capitalization of Cyient DLM IPO is Rs 2101 Cr.

Objects of the Issue (Cyient DLM IPO Objectives)

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 IPO Review (May apply)

[Dilip Davda]   The company has created a niche place in EMS and solutions-providing segment. It is poised to tap the bright prospects with its plans afoot. Post-IPO, the reduction in its debt will save its financial cost and increase earnings. However, based on its FY23 financials, the issue is fully priced. Well-informed/cash surplus investors may park funds for long-term rewards. Read detail review...

Cyient DLM IPO Subscription Status (Bidding Detail)

The Cyient DLM IPO is subscribed 71.35 times on June 30, 2023 7:02:00 PM. The public issue subscribed 52.17 times in the retail category, 95.87 times in the QIB category, and 47.75 times in the NII category. Check Day by Day Subscription Details (Live Status)

Total Application : 1,662,839 (42.77 times)

Cyient DLM IPO Prospectus

•   ›   Cyient DLM IPO DRHP
•   ›   Cyient DLM IPO RHP
•   ›   Anchor Investors in Cyient DLM IPO

Cyient DLM IPO Rating

Cyient dlm ipo listing details.

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

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Cyient DLM Limited 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@cyient dlm.com Website : https://www.cyientdlm.com/

Cyient DLM IPO Registrar

Kfin Technologies Limited Phone : 04067162222, 04079611000 Email : [email protected] Website : https://kosmic.kfintech.com/ipostatus/

Cyient DLM IPO - Buy or Not

Cyient DLM IPO Recommendation Summary

Read All Reviews Post Your Review Manage Reviews

Cyient DLM IPO Lead Manager(s)

• Axis Capital Limited ( Past IPO Performance )
• Jm Financial Limited ( Past IPO Performance )

Lead Manager Reports

• IPO Lead Manager Performance Summary
• IPO Lead Manager Performance Tracker
• Cyient DLM IPO FAQs

What is Cyient DLM IPO?

Cyient DLM IPO is a main-board IPO of 22,339,623 equity shares of the face value of ₹10 aggregating up to ₹592.00 Crores. The issue is priced at ₹250 to ₹265 per share. The minimum order quantity is 56 Shares.

The IPO opens on June 27, 2023 , and closes on June 30, 2023 .

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

How to apply in Cyient DLM IPO through Zerodha?

Zerodha customers can apply online in Cyient DLM IPO using UPI as a payment gateway. Zerodha customers can apply in Cyient DLM IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Cyient DLM IPO through Zerodha

• Visit the Zerodha website and login to Console.
• Go to Portfolio and click the IPOs link.
• Go to the 'Cyient DLM IPO' row and click the 'Bid' button.
• Enter your UPI ID, Quantity, and Price.
• ‘Submit’ IPO application form.
• Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

When Cyient DLM IPO will open?

The Cyient DLM IPO opens on June 27, 2023 and closes on June 30, 2023.

What is the lot size of Cyient DLM IPO?

How to apply for cyient dlm ipo.

You can apply in Cyient DLM IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha , Upstox , 5Paisa , Nuvama , ICICI Bank , HDFC Bank and SBI Bank .

When is Cyient DLM IPO allotment?

The finalization of Basis of Allotment for Cyient DLM IPO will be done on Tuesday, July 4, 2023, and the allotted shares will be credited to your demat account by Thursday, July 6, 2023. Check the Cyient DLM IPO allotment status .

When is Cyient DLM IPO listing date?

Cyient DLM IPO Message Board

1041 comments.

Find Cyient DLM IPO Latest Update

• Cyient DLM IPO Review
• Cyient DLM IPO Live Subscription
• Cyient DLM IPO Live News
• Cyient DLM IPO Allotment Status
• Cyient DLM IPO Basis of Allotment Document

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