Cyient DLM IPO
Cyient DLM Limited (CYIENTDLM) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 10 July 2023.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +64.0% (likely range +13% to +96%), day's high +95.8%, chance of a gain 97%. Actual: +52.1% at the open, +61.1% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 69,24,000 | 62,62,37,360 | 90.4x | |
| NII (HNI) total | 34,62,000 | 15,59,66,384 | 45.1x | |
| Big NII (above ₹10 lakh) | 23,08,000 | 10,99,07,840 | 47.6x | |
| Small NII (₹2-10 lakh) | 11,54,000 | 4,60,58,544 | 39.9x | |
| Retail | 23,08,000 | 11,35,99,640 | 49.2x | |
| Employees | 6,38,297 | 15,66,488 | 2.45x | |
| Total | 1,33,32,297 | 89,73,69,872 | 67.3x |
Bids on NSE and BSE together, as published by NSE, as of 30 Jun 2023, 07:00 PM. Shares offered exclude the anchor portion. 11% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Cyient DLM's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Dreamfolks ServicesAug 2022 | 70.5x | 37.7x | 43.7x | 56.7x | ₹562 Cr | +56.0% | +68.4% |
| Krsnaa DiagnosticsAug 2021 | 49.8x | 116x | 42.0x | 64.4x | ₹1,215 Cr | +5.4% | +15.3% |
| Dharmaj Crop GuardNov 2022 | 48.2x | 52.3x | 21.5x | 35.5x | ₹270 Cr | +12.3% | +17.7% |
| RailTel Corporation of IndiaFeb 2021 | 65.1x | 73.3x | 16.8x | 42.4x | ₹820 Cr | +16.0% | +36.0% |
| Harsha Engineers InternationalSep 2022 | 178x | 71.3x | 17.6x | 74.7x | ₹794 Cr | +36.4% | +59.9% |
| CSB BankNov 2019 | 62.2x | 165x | 44.5x | 86.9x | ₹410 Cr | +41.0% | +57.3% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Axis Capital | 107 | +20.4% | 73% |
| JM Financial | 109 | +22.8% | 75% |
Offer documents (NSE)
Frequently asked
What is the Cyient DLM IPO price band and lot size? ₹250–265 per share, with a lot of 56 shares, so the smallest retail bid is ₹14,840.
How many times has it been subscribed? 67.3x overall: QIB 90.4x, NII 45.1x, retail 49.2x, employees 2.45x.
How did it list? It opened at ₹403, +52.1% against the issue price of ₹265, and closed its first day +58.7%.
