Ahead of the IPO, Cyient DLM raised ₹259.64 crore by allocating 97,98,113 equity shares to 20 anchor investors, including eight domestic mutual funds through a total of 11 schemes. The anchor book saw participation from a wide variety of marquee investors, including Nippon Life India Small Cap, ICICI Prudential, HDFC MF, Tata Infrastructure Fund, Societe General, LIC MF, Amansa Holdings, DSP India, Aditya Birla Sun Life, Edelweiss MF, Founders Collective Fund, Catamaran EKAM, Vikasa India, BNP Paribas Arbitrage, and Kotak MF.

Established in 1993, Cyient DLM is an electronics and mechanical manufacturing partner and systems supplier to some of the largest players across multiple industries. The company provides customers with design-led manufacturing (DLM) solutions and has expertise in safety-critical electronics in highly regulated industries. The company generates the majority of its revenues from printed circuit board assembly (PCBA), which contributes around 63% to the revenue. It derives 32% of the revenue from box builds used in safety-critical systems such as cockpits, inflight systems, and medical diagnostic equipment.

On the financial front, the company has reported consistent growth in its top line in the last three financial years. For the financial year ended March 2023, the company posted revenue of ₹838.34 crore, ₹728.48 in FY22, and ₹636.91 crore in FY21. The profit after tax stood at ₹31.73 crore in FY23, compared with ₹39.80 crore in FY22, and ₹11.81 crore in FY21.

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Cyient DLM listing

Cyient DLM shares list at 52% premium; surge up to 60% post debut