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  3. CYIENT DLM LIMITED FILES DRHP WITH SEBI
Business

CYIENT DLM LIMITED FILES DRHP WITH SEBI

 CYIENT DLM LIMITED FILES DRHP WITH SEBI

Cyient DLM, one of the leading integrated Electronic Manufacturing Services (“EMS”) and solutions providers with strong capabilities across the value chain and the entire life cycle of a product has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”).The Company’s initial public offering comprisesa fresh issue of aggregatingup to₹ 7,400.00 million.

Cyient DLM in consultation with the book running lead managers, may consider a further issue of specified securities, including by way of a private placement, rights issue, preferential offer or any other method at its discretion, as may be permitted under applicable laws for an amount aggregating up to ₹ 1,480 Million, prior to the filing of the red herring prospectus with the registrar of companies.

The funds raised through the IPO are proposed to be utilized for funding incremental capital requirements, capital expenditure, debt repayment/prepayment, achieving inorganic growth through acquisitions as well as for general corporate purposes.

For over two decades, Cyient DLM has been a trusted manufacturing partner and systems supplier, developing high mix, low-to-medium volume highly complex systems for global OEMs in the aerospace and defence, medical technology and industrial sectors.The company is one of the few EMS companies in India catering to highly regulated industries and the largest supplier of EMS services to the aerospace and defence industry by value in India.Cyient DLM leverages the design capabilities of Promoter, Cyient Limited which is a leading engineering services provides with over three decades of domain expertise in providing engineering and design solutions globally with a focus on multiple industries.

As an integrated manufacturing partner that provides Design Led Manufacturing (DLM) solutions to customers, the company takes the ownership of design, manufacturing, testing, and certification support to ensure that customers’ products meet robust standards in reliability, safety, and performance, and achieve faster time-to-market. Cyient DLM has established long-term relationships as an integrated partner to multiple marquee customers including Honeywell International Inc. (“Honeywell”), Thales Global Services S.A.S (“Thales”), ABB Inc, Bharat Electronics Limited and MolbioDiagnostics Private Limited.

Cyient DLM has three state of the art manufacturing facilities in Hyderabad, Bengaluru and Mysore, with a total manufacturing area of 229,061 sq. ft.

Axis Capital Limited and JM Financial Limitedare the Book Running Lead Managers to the issue.

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