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Cyient DLM Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

₹ 592

Price Range (₹)

₹ 265

Lot Size

56

Min Investment (₹)

₹ 14,840.00

Listing Exchange

MumbaiNSE

Open Date

27-Jun-2023

Close Date

30-Jun-2023

Listing Date

10-Jul-2023

Cyient DLM Ltd News

Price Performance

1 Week0.83
1 Month4.57
3 Month-3.50
6 Month-7.44
1 Year-0.04

Cyient DLM Ltd IPO Details

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 shares has been adjusted to Rs. 592.00 crores. The issue includes a reservation of 600,000# equity shares, aggregating to Rs. 15.00 crores (constituting 0.76% of the post-issue paid-up equity share capital), for subscription by eligible employees (Employee Reservation Portion). The company in consultation with the brlms, has offered a discount of Rs. 15 per equity share to eligible employee(s) bidding in the employee reservation portion (Employee Discount). The issue less the employee reservation portion is hereinafter referred to as the Net Issue. The issue and the net issue constitute 28.21% and 27.45% of the post-issue paid-up equity share capital, respectively. The face value of equity shares is Rs. 10 each. The issue price is 26.50 times the face value of the equity shares. # Subject to finalisation of basis of allotment a

Objective of issue

Funding incremental working capital requirements of the company. Funding capital expenditure of the company. Repayment/prepayment in part or full of certain of the company borrowings. Achieving inorganic growth through acquisitions. General corporate purposes.

Cyient DLM Ltd Contact Details

Cyient DLM Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - company.secretary@cyientdlm.com

Website - www.cyientdlm.com