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Cyient DLM IPO vs Tata Technologies IPO

Comparision between Cyient DLM IPO and Tata Technologies IPO.

IPO Details

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

  Cyient DLM IPO Tata Technologies IPO
Logo Cyient DLM IPO Logo Tata Technologies 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
Jm Financial Limited

Citigroup Global Markets India Private Limited

Bofa Securities India Limited
Registrar Kfin Technologies Limited Link Intime India Private Ltd
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 Tata Technologies IPO is up to ₹3,042.51 Cr. The final issue price of Cyient DLM IPO is ₹265.00 per share and of Tata Technologies IPO is ₹500.00 per share.

  Cyient DLM IPO Tata Technologies IPO
Face Value ₹10 per share ₹2 per share
Issue Price (Lower) ₹250.00 per share ₹475.00 per share
Issue Price (Upper) ₹265.00 per share ₹500.00 per share
Issue Price (Final) ₹265.00 per share ₹500.00 per share
Discount (Retail)
Discount (Employee) ₹15.00 per share
Market Lot Size 56 shares 30 shares
Fresh Issue Size 2,23,39,623 shares
Fresh Issue Size (Amount) up to ₹592.00 Cr
OFS Issue Size 6,08,50,278 shares
OFS Issue Size (Amount) up to ₹3,042.51 Cr
Issue Size Total 2,23,39,623 shares 6,08,50,278 shares
Issue Size Total (Amount) up to ₹592.00 Cr up to ₹3,042.51 Cr

IPO Timetable

Cyient DLM IPO opens on Jun 27, 2023, while Tata Technologies IPO opens on Nov 22, 2023. The closing date of Cyient DLM IPO and Tata Technologies IPO is Jun 30, 2023, and Nov 24, 2023, respectively.

  Cyient DLM IPO Tata Technologies IPO
Anchor Bid Date Jun 26, 2023 Nov 21, 2023
Issue Open Jun 27, 2023 Nov 22, 2023
Issue Close Jun 30, 2023 Nov 24, 2023
Basis Of Allotment (Tentative) Jul 04, 2023 Nov 28, 2023
Initiation of Refunds (Tentative) Jul 05, 2023 Nov 29, 2023
Credit of Share (Tentative) Jul 06, 2023 Nov 29, 2023
Listing date (Tentative) Jul 10, 2023 Nov 30, 2023
Anchor Lockin End date 1 Aug 03, 2023 Dec 28, 2023
Anchor Lockin End date 2 Oct 02, 2023 Feb 26, 2024

Financials

Cyient DLM IPO P/E ratio is 66.25, as compared to Tata Technologies IPO P/E ratio of 32.53.

  Cyient DLM IPO Tata Technologies IPO
Financial
Cyient DLM Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20593.49464.91-6.7025.7124.34261.37
31-Mar-21645.03636.9111.8137.6536.29233.77
31-Mar-22776.91728.4839.8077.1175.75293.19
31-Mar-231,104.72838.3431.73197.87145.01314.47
Amount in ₹ Crore

Tata Technologies Limited Financial Information (Restated Consolidated)

Tata Technologies Limited's revenue increased by 25.81% and profit after tax (PAT) rose by 42.8% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,142.425,201.494,218.003,572.74
Revenue2,587.424,501.933,578.382,425.74
Profit After Tax351.90624.04436.99239.17
Net Worth2,853.132,989.472,280.162,142.15
Reserves and Surplus2,455.292,605.602,028.931,897.46
Total Borrowing
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 92.84% 66.79%
Promoter Shareholding (Post-Issue) 66.68% 55.39%
P/E Ratio 66.25 32.53
Market Cap ₹2101.00 Cr. ₹20283.43 Cr.
ROE 23.1%%
ROCE 13.48%%
Debt/Equity
EPS ₹10.07 ₹15.37
RoNW 30.45%% 20.87%%

Shares Offered

In the Cyient DLM IPO retail investors (RII) are offered 21,77,358 shares while in Tata Technologies IPO retail investors are offered 21,77,358 shares. Qualified institutional buyers (QIB) are offered 65,32,076 shares in Cyient DLM IPO and 1,05,47,382 shares in Tata Technologies IPO.

  Cyient DLM IPO Tata Technologies IPO
Anchor Investor Reserveration 97,98,113 shares 1,58,21,071 shares
Market Maker Reserveration
QIB 65,32,076 shares 1,05,47,382 shares
NII 32,66,037 shares 79,10,537 shares
RII 21,77,358 shares 1,84,57,919 shares
Employee 6,02,167 shares 20,28,342 shares
Others
Total 1,25,77,638 shares 4,50,29,207 shares

Bids Received (Subscription)

Cyient DLM IPO subscribed 71.35x in total, whereas Tata Technologies IPO subscribed 69.43x.

  Cyient DLM IPO Tata Technologies IPO
QIB (times) 95.87x 203.41x
NII (times) 47.75x 62.11x
Big NII (times) 50.48x 70.67x
Small NII (times) 42.31x 44.98x
RII (times) 52.17x 16.50x
Employee (times) 2.60x 3.70x
Other (times) 29.20x
Total (times) 71.35x 69.43x

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