Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

₹740 crore

Investor category and sub category

To be announced

About Cyient DLM Ltd. IPO

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.740 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.

IPO 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



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

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

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



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

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

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

What is Cyient DLM Ltd. IPO?

The total issue size of Cyient DLM Ltd. Ltd. IPO is Rs. 740 crore.

When will the Cyient DLM Ltd. IPO allotment available?

Will be updated soon.

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

Will be updated soon.

When will Cyient DLM Ltd. IPO open for subscription?

Will be updated soon.

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?

Will be updated soon.

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

You can check the IPO share allotment status froM Angel One’s mobile app. Login to the app and validate with OTP.  

To check the allotment status, enter your application number, DP ID, and PAN number into the app.

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

Listing gains cannot be measured before the listing of the IPO on the stock exchange.

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?

Login to your UPI handle to approve the payment mandate and complete the IPO application process.

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

You are allowed to submit only one application using one PAN card.

What is the minimum order quantity for Cyient DLM Ltd. IPO?

Will be updated soon.