Cyient DLM Ltd IPO - Share Price, Details and Objectives

Cyient DLM Ltd IPO - Share Price, Details and Objectives


The Indian IPO market is experiencing a high level of activity. Every month, numerous companies initiate initial public offerings (IPOs) to obtain funding from the general public. Investors closely monitor these IPOs as they offer an opportunity to invest in promising companies across various sectors and enhance their financial assets.

Keep an eye on the upcoming IPO of Cyient DLM Ltd. Continue reading to discover the different facets of the Cyient DLM Ltd IPO, which will be available for subscription starting from June 27th.

About Cyient DLM Ltd IPO

Cyient DLM Ltd is one of India's foremost electronics and mechanical manufacturing partners and systems suppliers to various industries. It has a rich legacy of over two decades and in-depth expertise in designing and precisely manufacturing complex products. 

The company has three manufacturing facilities with over 22 lakh square feet of floor space. It has a long list of marquee clients, including ABB Inc, Honeywell International Inc, and Bharat Electronics Ltd, among others. 


  • Ability to deliver comprehensive engineering solutions with robust capabilities throughout the entire product value chain
  • Robust technical expertise with capabilities in safety-critical electronics
  • Strong customer engagements, creating formidable entry barriers
  • Highly advanced manufacturing infrastructure, rigorous quality standards, a wide range of in-house capabilities, and a strong and reliable supply chain
  • Notable advantage over competitors due to its profound sectoral expertise from promoter Cyient Ltd


  • A major portion of revenues comes from the top 10 customers
  • Instances of payment defaults or significant delays by a substantial number of our customers
  • Exposure to several risks due to the global nature of business, which could adversely affect cash flow, financial conditions, and operations
  • Fluctuation in foreign exchange could adversely impact earnings

Financial Snapshot Of Cyient DLM LTD

Cyient DLM Ltd's financial performance showcases a commendable track record of profitability and financial health. Over the years, the company has efficiently managed its resources and executed strategic initiatives, resulting in a positive bottom line. Its financial statements reveal healthy revenue figures, indicating a solid market presence and consistent customer demand for its services.

The company's revenue growth has been notable, with steady increases in sales and turnover. This growth is a testament to Cyient DLM Ltd's ability to capture market opportunities, successfully deliver on client requirements, and stay ahead of the competition. Through its diversified portfolio of services and solutions, the company has been able to cater to various industries and markets, further bolstering its financial strength.

Given below are the company's financials as per the red herring draft prospectus:

Particulars For the Period Ending September 30, 2022 As of and For FY Ending March 31
2022 2020 2021
Share Capital 3 1 1 1
Networth 179 77 38 26
Total Borrowings 308 293 234 261
Revenue from Operations 340 721 628 457
Profit After Tax 13 40 12 -7
Earnings per Share (diluted) 4.61* 16.17 4.8 -2.72
Net asset value (In Rs/share) 62 31 15 10
Return on Net worth (%) 7.50% 52% 31% -26%

Amount in Cr except per share

*not annualised

Cyient DLM Ltd IPO Details

IPO Date

27th June 2023 to 30th June 2023
Listing At BSE, NSE
Face Value Rs 10 per share
Price  Rs 250 to Rs 265 per share
Lot Size  56 shares
Total Issue Size 2,23,39,623 shares 
(aggregating up to Rs 592 Cr)
Fresh Size 2,23,39,623 shares 
(aggregating up to Rs 592 Cr)
Issue Type Book Built Issue IPO
Shareholding pre-issue 5,69,41,471
Shareholding post issue 7,92,81,094
Employee Discount Rs 15 per share
Retail Allocation 10%

With the proceeds received from the IPO, the company plans to:

  • Fund its working capital needs
  • Carry out other general corporate work

Essential Things to Consider Before Subscribing to This IPO

As an investor, you can consider investing in Cyient DLM Ltd IPO because it is a prominent global Electronics Manufacturing Services (EMS) company. With its extensive experience and expertise, the company has established a strong position in the global EMS market, providing tailored solutions to meet the diverse needs of its clients.

According to a Frost and Sullivan report, Cyient DLM Ltd. has recorded the highest margin among its Indian EMS peers. This indicates the company's ability to effectively manage costs, optimize operational efficiency, and generate healthy profits. The high margin suggests that the company has a competitive advantage in terms of pricing, profitability, and financial performance compared to its industry counterparts.

The EMS sector in India has been witnessing phenomenal growth, with a compound annual growth rate (CAGR) of 32.3%, making it the fastest-growing EMS market among all countries. By investing in Cyient DLM Ltd., you can tap into this growing sector and benefit from its potential for expansion. If you want to subscribe to this IPO, open your Demat account with Motilal Oswal today.


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