IPO Details

Bidding Dates

27 Jun '23 - 30 Jun '23

Minimum Investment

₹14,840 / 1 Lots (56 Shares)

Price Range

₹250 - ₹265

Maximum Investment

₹192,920 / 13 Lots (728 Shares)

Retail Discount

Not Applicable

Issue Size

₹592.00 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors   |   Retail Individual Investors  |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jun 27, 2023

IPO Closing Date

Jun 30, 2023

Basis of Allotment

Jul 5, 2023

Initiation of Refunds

Jul 6, 2023

Credit of Shares to Demat

Jul 7, 2023

IPO Listing Date

Jul 10, 2023

UPI Mandatory Expiry Date

Jun 30, 2023

IPO Subscription Details


Day 1Jun 27, 2023

0.03 3.80 10.62 2.85

Day 2Jun 28, 2023

0.96 11.94 25.71 8.10

Day 3Jun 30, 2023

2.57 20.82 35.70 13.01

IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutions Buyers 2.57
Non-Institutional Buyers 20.82
Retail Investors 35.70
Employees 1.81
Total 13.01

About Cyient DLM Ltd.

Cyient DLM is an integrated Electronic Manufacturing Services (EMS) and solutions provider with presence across the value chain. It is one of the few Indian companies with 20+ years of experience serving highly regulated industries like aerospace, defence, and medical technology. The company is one of the top suppliers to global OEMs.

Cyient DLM Ltd. offers design, development, and manufacturing solutions in building high-mix,low-to-medium volume, extremely complicated systems in B2P (Build To Print) and B2S (Build To Specification) modes. It has names like Honeywell International Inc., Thales Global Services S.A.S, ABB Inc, Bharat Electronics Limited, and Molbio Diagnostics Private Limited. in its marquee customer's list

Cyient DLM has three manufacturing units in India in Hyderabad and Bengaluru, engaged in manufacturing complex EMS components.

Cyient DLM Ltd. IPO Details

Cyient DLM Ltd. has filed with the SEBI to raise Rs.592 crore via the IPO route. The offer is a 100% fresh issue IPO. The issuer hasn’t yet announced details regarding the subscription opening date, lot size, and price band.

Cyient DLM Ltd. IPO Objective

The company intends to utilise the net proceeds from the fresh issues for the following purposes.

  • To meet the incremental working capital requirements.
  • Fund capital expenditure of the company
  • Promote inorganic growth.

Should you invest in Cyient DLM Ltd.?

Here are the top reasons to consider before investing in Cyient DLM Ltd. IPO.

  • The company is a global EMS company catering to wide industry clients across defence, aerospace, medical technology etc.
  • According to a Frost and Sullivan report, the company recorded the highest margin among Indian EMS peers.
  • India’s EMS sector registered the fastest growth among all countries at 32.3% CAGR. In 2022, the Indian EMS industry contributed 2.2% of the global market.

Competitive Peers

There are no listed companies in India engaged in the business line of the company.

Cyient DLM Ltd. Noteworthy highlights

  • Cyient DLM is a part of the Indian EMS sector, which is the fastest growing globally expecting to contribute 7.0% of the global market in 2026.
  • The company has a robust order book of Rs. 25,467.72 million as of September 30, 2022.
  • The top 10 customers contributed 93% of the company’s revenue from operations in the period that ended on September 30, 2022.

Company Financials

Particulars Period ending on September 30, 2022 Year ending on March 31, 2022 Year ending on March 31, 2021
Revenue from Operations 3,402.70 7,205.33 6,280.28
Profit After Tax (PAT) 134.22 397.95 118.14
EBITDA 352.35 840.40 459.44
EBITDA Margin 10.36% 11.66% 7.32%
EPS (Basic)
ROE 6.28% 17.56% 11.48%

Know before investing


  1. It’s an end-to-end integrated EMS service provider with robust capabilities to offer B2P and B2S services.

  2. It is one of the few Indian EMS companies offering electronic solutions for safety and mission-critical applications.

  3. The company benefits from experienced and robust management with extensive industry experience of promoters.


  1. The loss of any key customer can impact the company’s future profitability.

  2. Dependency on external, third-party suppliers for raw materials can affect the company’s future operations and financial performance.

  3. Timely completion of projects is essential for maintaining profitability.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Cyient DLM Ltd. IPO FAQs

What is Cyient DLM Ltd. IPO?

 The Cyient DLM Ltd IPO is a fresh issue IPO of 22,339,623 equity shares of the face value of ₹10 aggregating up to ₹592 Crores. The price band is set between ₹250 to ₹265 per share.

When will the Cyient DLM Ltd. IPO allotment available?

The Basis of Allotment date is Wednesday, 5 July 2023.

What will be the Cyient DLM Ltd. IPO lot size?

 The lot size for Cyient DLM  Ltd. is 56.

When will Cyient DLM Ltd. IPO open for subscription?

The IPO subscription window opens on Tuesday, 27 June 2023, and closes on Friday, 30 June 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Cyient DLM Ltd. list on exchanges?

Cyient DLM  Ltd. IPO will list on the NSE exchange on Monday, 10 July 2023.

How to check the allotment status of the Cyient DLM Ltd. IPO?

 Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Validate with an OTP.
  • Enter your application number, DP ID, and PAN number into the app
  • Click on ‘Submit’ 

What would be the listing gains on the Cyient DLM Ltd. IPO?

Listing gains cannot be ascertained before listing the IPO on the stock exchange on Monday, 10 July 2023 for Cyient DLM Ltd. 

I have finished the application process for Cyient DLM Ltd. IPO, but the funds are not yet debited. What is the reason?

Under the new system, the bank will block the amount initially in your account. The money will be debited when the shares are allotted or the bank will unblock the amount after the UPI mandate expiry date.

How to approve the UPI mandate request for Cyient DLM Ltd. IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Cyient DLM Ltd. using one PAN?

You can submit only one application using your PAN card.