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- Cyient's board authorised the sale of a 14.50% stake in its subsidiary, Cyient DLM Limited, via a block deal expected to complete by August 21.
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Aug 20, 2024 · Cyient's board of directors in a meeting held on Tuesday approved the company's 14.50% stake sale in its subsidiary Cyient DLM Limited via block deal. The expected date for completion of the sale is August 21, a company filing said. The company is yet to announce the offer price.
- Cyient DLM News - Cyient DLM ... - The Economic Times
Cyient Ltd sold 14.5% of its subsidiary Cyient DLM, raising...
- Cyient DLM News - Cyient DLM ... - The Economic Times
Aug 21, 2024 · As much as 14.5 percent stake in Cyient DLM was sold through a block deal on August 21, with its promoter, information technology firm Cyient being the likely seller in the transaction.
Jul 6, 2023 · The issue is entirely a fresh issue of 2.23 crore shares. Cyient DLM IPO bidding started from June 27, 2023 and ended on June 30, 2023. The allotment for Cyient DLM IPO was finalized on Tuesday, July 4, 2023. The shares got listed on BSE, NSE on July 10, 2023.
- June 30, 2023
- 3 rd Floor, Plot No. 11, Software Units Layout, Infocity, Telangana
- June 27, 2023
Aug 22, 2024 · The biggest stake in Cyient DLM via the block deal mechanism on Wednesday was picked up by Morgan Stanley Asia Singapore Pte, which acquired over 41.37 lakh shares through two block deals.
- Swati Bharadwaj
Jun 26, 2023 · After a strong start to Ideaforge IPO, all eyes are on Cyient DLM's public offer, which will open for subscription on June 27. The issue closes on June 30. The company's shares are expected to get listed on both exchanges.
- Cyient DLM is one of the leading integrated electronic manufacturing services (“EMS”) and solutions providers with capabilities across the value ch...
- India EMS is a sizable industry, contributing to 2.2% ($20 billion) of the global market in CY22. The country's EMS industry is the fastest growing...
- The IPO is completely a fresh issue of equity shares up to Rs 592 crore. The size was reduced from Rs 740 crore earlier after the company raised fu...
- The company has fixed the price band at Rs 250-265 per equity share for its public offer. Investors can bid for a minimum of 56 shares and in multi...
- About 75% of the net offer is reserved for the QIB portion, 15% for the NII category, and 10% for retail investors.
- For the financial year ending March 2023, the company's revenue from operations grew 15% to Rs 832 crore, while profit for the same period stood at...
- The company derives a major part of its revenues from printed circuit board assembly (PCBA) with almost 63% contribution and 32% of the revenue com...
- The net proceeds from the issue will be used towards funding incremental working capital requirements, capital expenditure, repayment of debt, and...
- According to market analysts, the current GMP of Cyient DLM is around Rs 90-95 in the unlisted market.
- Axis Capital and JM Financial are the book-running lead managers to the issue, while KFin Technologies is the registrar.
Aug 29, 2024 · Cyient Ltd sold 14.5% of its subsidiary Cyient DLM, raising Rs 879 crore. Major investors like Morgan Stanley and HDFC Mutual Fund acquired the stake. Funds raised will support the semiconductor business and debt repayment.
Cyient DLM Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032. Phone - 91-40-67162222. Fax - 91-40-23001153/23420814. Email - company.secretary@cyientdlm.com. Website - www.cyientdlm.com. Cyient DLM Ltd IPO 2023 - Get Cyient DLM open and close date, listing date, price band, IPO lot size, allotment, subscription ...
