Cyient DLM Limited is positioned as one of the leading integrated Electronic Manufacturing Services (EMS) and solutions providers in the industry, as stated in the Frost & Sullivan Report. With a strong presence in the aerospace and defense, medical technology, and industrial sectors, Cyient DLM Limited has gained recognition as a qualified supplier to global OEMs. With over two decades of experience in developing complex systems, the company offers high-mix, low-to-medium volume manufacturing services throughout the entire product life cycle.
Cyient DLM Limited leverages the design capabilities of its Promoter, Cyient Limited, an established engineering services provider with a focus on various industries. By offering Build to Print (B2P) and Build to Specification (B2S) services, Cyient DLM Limited caters to client requirements effectively. B2P involves agile and flexible manufacturing based on client-provided product designs, while B2S utilizes the Promoter’s design expertise to develop products according to client specifications.
The solutions provided by Cyient DLM Limited primarily encompass printed circuit board (PCB) assembly, cable harnesses, and box builds. These critical components are used in safety systems such as cockpits, inflight systems, landing systems, and medical diagnostic equipment.
As a wholly-owned subsidiary of Cyient Limited, Cyient DLM Limited benefits from its Promoter’s reputation, customer relationships, global salesforce, network, and technical expertise, making them one of the leading integrated EMS and solutions providers in India.
Cyient DLM Limited serves customers from highly regulated industries with stringent quality requirements. The company maintains long-term relationships with marquee clients such as Honeywell, Thales, ABB, Bharat Electronics Limited, and Molbio Diagnostics Private Limited, with an average relationship span of over 11 years. By acting as an integrated service provider, Cyient DLM Limited supports its clients across the entire product life cycle, including manufacturing, after-market services, and design needs through its Promoter’s design team. This approach has resulted in strong customer loyalty, repeat business and a stable client base.
The company operates manufacturing facilities in Mysuru, Hyderabad, and Bengaluru, spanning a total manufacturing area of 229,061 sq. ft. Each facility is specialized in different manufacturing activities based on client requirements. The workforce consists of 616 qualified and skilled manufacturing personnel, supported by a dedicated new product introduction (NPI) and an engineering team of 68 engineers. The NPI capabilities enable seamless product introductions, optimizing time-to-market for their customers’ new products.
With a diversified Board and experienced management team, Cyient DLM Limited is well-equipped to capture market opportunities, execute business strategies, manage customer expectations, and adapt to changing market conditions. The senior management team includes Rajendra Velagapudi as the Managing Director, Anthony Montalbano as the Chief Executive Officer and Business Head, Ram Dornala as the Chief Operating Officer, and Shrinivas Appaji Kulkarni as the Chief Financial Officer.
Cyient DLM Limited IPO Complete Details:
| IPO Date | 27 June 2023 to 30 June 2023 |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE BSE |
| Face Value | 10 Rs. Per Share |
| Price | Rs.250 to 265 |
| Lot Size | 56 |
| Issue Size | 22,339,623 shares (Rs. 592.00 Cr) |
| Fresh Issue | 22,339,623 shares (Rs. 592.00 Cr) |
| Employee Discount | 15 Rs. Per Share |
| Listing Date | 10 July 2023 |
Cyient DLM Limited IPO Timetable:
| Activity | Date* |
|---|---|
| Opening Date | 27 June 2023 |
| Closing Date | 30 June 2023 |
| Allotment | 05 July 2023 |
| Initiation of Refunds | 06 July 2023 |
| Credit of Shares to Demat Account | 07 July 2023 |
| Listing Date | 10 July 2023 |
Company Financial Details:
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Borrowings |
|---|---|---|---|---|---|
| 31 March 2020 | 593.49 | 464.91 | -6.70 | 25.71 | 261.37 |
| 31 March 2021 | 645.03 | 636.91 | 11.81 | 37.65 | 233.77 |
| 31 March 2022 | 776.91 | 728.48 | 39.80 | 77.11 | 293.19 |
| 31 December 2022 | 1,104.72 | 838.34 | 31.73 | 197.87 | 314.47 |
AS OF NOW, the GMP OF Cyient DLM Limited is Around 120 Rs.