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Cyient DLM files Rs 740 crore IPO papers with SEBI

18 Jan 2023 Evaluate

Cyient DLM has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs 740 crore through an initial public offering (IPO).

Funds raised through the IPO would be utilised for funding incremental capital requirements, capital expenditure, debt payment, achieving inorganic growth through acquisitions as well as for general corporate purposes. Axis Capital and JM Financial are the book running lead managers to the issue. The equity shares of the company will be listed on the BSE and NSE.

Cyient DLM, a subsidiary of Cyient, is the leading integrated EMS and solutions provider with a focus on the entire life cycle of a product, including design, build and maintenance. It has three state manufacturing facilities in Hyderabad, Bengaluru and Mysore.

Cyient DLM Share Price

341.10 3.80 (1.13%)
17-Apr-2026 16:59 View Price Chart
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