Cyient DLM IPO vs SBFC Finance IPO

Comparision between Cyient DLM IPO and SBFC Finance IPO.

IPO Details

Cyient DLM IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while SBFC Finance IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Cyient DLM IPO	SBFC Finance IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Axis Capital Limited Jm Financial Limited	ICICI Securities Limited Axis Capital Limited Kotak Mahindra Capital Company Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Cyient DLM IPO is up to ₹592.00 Cr whereas the issue size of the SBFC Finance IPO is up to ₹1,025.00 Cr. The final issue price of Cyient DLM IPO is ₹265.00 per share and of SBFC Finance IPO is ₹57.00 per share.

	Cyient DLM IPO	SBFC Finance IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹250.00 per share	₹54.00 per share
Issue Price (Upper)	₹265.00 per share	₹57.00 per share
Issue Price (Final)	₹265.00 per share	₹57.00 per share
Discount (Retail)
Discount (Employee)	₹15.00 per share	₹2.00 per share
Market Lot Size	56 shares	260 shares
Fresh Issue Size	2,23,39,623 shares
Fresh Issue Size (Amount)	up to ₹592.00 Cr	up to ₹600.00 Cr
OFS Issue Size
OFS Issue Size (Amount)		up to ₹425.00 Cr
Issue Size Total	2,23,39,623 shares
Issue Size Total (Amount)	up to ₹592.00 Cr	up to ₹1,025.00 Cr

IPO Timetable

Cyient DLM IPO opens on Jun 27, 2023, while SBFC Finance IPO opens on Aug 03, 2023. The closing date of Cyient DLM IPO and SBFC Finance IPO is Jun 30, 2023, and Aug 07, 2023, respectively.

	Cyient DLM IPO	SBFC Finance IPO
Anchor Bid Date	Jun 26, 2023	Aug 02, 2023
Issue Open	Jun 27, 2023	Aug 03, 2023
Issue Close	Jun 30, 2023	Aug 07, 2023
Basis Of Allotment (Tentative)	Jul 04, 2023	Aug 10, 2023
Initiation of Refunds (Tentative)	Jul 05, 2023	Aug 11, 2023
Credit of Share (Tentative)	Jul 06, 2023	Aug 14, 2023
Listing date (Tentative)	Jul 10, 2023	Aug 16, 2023
Anchor Lockin End date 1	Aug 03, 2023	Sep 09, 2023
Anchor Lockin End date 2	Oct 02, 2023	Nov 08, 2023

Financials

Cyient DLM IPO P/E ratio is 66.25, as compared to SBFC Finance IPO P/E ratio of 40.42.

Cyient DLM IPO

SBFC Finance IPO

Financial

Cyient DLM Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	593.49	464.91	-6.70	25.71	24.34	261.37
31-Mar-21	645.03	636.91	11.81	37.65	36.29	233.77
31-Mar-22	776.91	728.48	39.80	77.11	75.75	293.19
31-Mar-23	1,104.72	838.34	31.73	197.87	145.01	314.47
Amount in ₹ Crore

SBFC Finance IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	4,207.99	4,231.19	4,515.03	5,746.44
Revenue	444.85	511.53	530.70	740.36
Profit After Tax	35.50	85.01	64.52	149.74
Net Worth	752.09	944.72	1,026.78	1,466.88
Reserves and Surplus
Total Borrowing	3,056.38	2,772.55	2,948.82	3,745.83

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

92.84%

78.83%

Promoter Shareholding (Post-Issue)

66.68%

64.03%

P/E Ratio

66.25

40.42

Market Cap

₹2101.00 Cr.

₹6065.78 Cr.

ROE

23.1%%

9.93%%

ROCE

13.48%%

Debt/Equity

2.2

EPS

₹10.07

₹1.25

RoNW

30.45%%

7.97%%

Shares Offered

In the Cyient DLM IPO retail investors (RII) are offered 21,77,358 shares while in SBFC Finance IPO retail investors are offered 21,77,358 shares. Qualified institutional buyers (QIB) are offered 65,32,076 shares in Cyient DLM IPO and 3,56,05,261 shares in SBFC Finance IPO.

	Cyient DLM IPO	SBFC Finance IPO
Anchor Investor Reserveration	97,98,113 shares	5,34,07,893 shares
Market Maker Reserveration
QIB	65,32,076 shares	3,56,05,261 shares
NII	32,66,037 shares	2,67,03,948 shares
RII	21,77,358 shares	6,23,09,210 shares
Employee	6,02,167 shares	18,63,636 shares
Others
Total	1,25,77,638 shares	12,64,82,055 shares

Bids Received (Subscription)

Cyient DLM IPO subscribed 71.35x in total, whereas SBFC Finance IPO subscribed 74.06x.

	Cyient DLM IPO	SBFC Finance IPO
QIB (times)	95.87x	203.61x
NII (times)	47.75x	51.82x
Big NII (times)	50.48x	56.69x
Small NII (times)	42.31x	42.07x
RII (times)	52.17x	11.60x
Employee (times)	2.60x	6.21x
Other (times)
Total (times)	71.35x	74.06x

Compare with others

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Tata Technologies IPO	Senco Gold IPO
Nexus Select Trust REIT	Cyient DLM IPO

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