Cyient DLM IPO vs IKIO Lighting IPO

Comparision between Cyient DLM IPO and IKIO Lighting IPO.

IPO Details

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

	Cyient DLM IPO	IKIO Lighting 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	Motilal Oswal Investment Advisors 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 IKIO Lighting IPO is up to ₹606.50 Cr. The final issue price of Cyient DLM IPO is ₹265.00 per share and of IKIO Lighting IPO is ₹285.00 per share.

	Cyient DLM IPO	IKIO Lighting IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹250.00 per share	₹270.00 per share
Issue Price (Upper)	₹265.00 per share	₹285.00 per share
Issue Price (Final)	₹265.00 per share	₹285.00 per share
Discount (Retail)
Discount (Employee)	₹15.00 per share
Market Lot Size	56 shares	52 shares
Fresh Issue Size	2,23,39,623 shares	1,22,80,701 shares
Fresh Issue Size (Amount)	up to ₹592.00 Cr	up to ₹350.00 Cr
OFS Issue Size		90,00,000 shares
OFS Issue Size (Amount)		up to ₹256.50 Cr
Issue Size Total	2,23,39,623 shares	2,12,80,701 shares
Issue Size Total (Amount)	up to ₹592.00 Cr	up to ₹606.50 Cr

IPO Timetable

Cyient DLM IPO opens on Jun 27, 2023, while IKIO Lighting IPO opens on Jun 06, 2023. The closing date of Cyient DLM IPO and IKIO Lighting IPO is Jun 30, 2023, and Jun 08, 2023, respectively.

	Cyient DLM IPO	IKIO Lighting IPO
Anchor Bid Date	Jun 26, 2023	Jun 05, 2023
Issue Open	Jun 27, 2023	Jun 06, 2023
Issue Close	Jun 30, 2023	Jun 08, 2023
Basis Of Allotment (Tentative)	Jul 04, 2023	Jun 13, 2023
Initiation of Refunds (Tentative)	Jul 05, 2023	Jun 14, 2023
Credit of Share (Tentative)	Jul 06, 2023	Jun 15, 2023
Listing date (Tentative)	Jul 10, 2023	Jun 16, 2023
Anchor Lockin End date 1	Aug 03, 2023	Jul 13, 2023
Anchor Lockin End date 2	Oct 02, 2023	Sep 11, 2023

Financials

Cyient DLM IPO P/E ratio is 66.25, as compared to IKIO Lighting IPO P/E ratio of 32.13.

Cyient DLM IPO

IKIO Lighting 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

IKIO Lighting Limited Financial Information (Proforma Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	144.83	221.83	21.41	35.90	46.86
31-Mar-21	174.45	214.57	28.81	62.86	69.36
31-Mar-22	264.87	334.00	50.52	108.87	106.56
31-Dec-22	335.50	332.79	51.35	140.83	136.33
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

92.84%

100.00%

Promoter Shareholding (Post-Issue)

66.68%

72.46%

P/E Ratio

66.25

32.13

Market Cap

₹2101.00 Cr.

₹2202.50 Cr.

ROE

23.1%%

36.00%%

ROCE

13.48%%

26.00%%

Debt/Equity

1.03

EPS

₹10.07

₹7.90

RoNW

30.45%%

36.46%%

Shares Offered

In the Cyient DLM IPO retail investors (RII) are offered 21,77,358 shares while in IKIO Lighting IPO retail investors are offered 21,77,358 shares. Qualified institutional buyers (QIB) are offered 65,32,076 shares in Cyient DLM IPO and 42,56,140 shares in IKIO Lighting IPO.

	Cyient DLM IPO	IKIO Lighting IPO
Anchor Investor Reserveration	97,98,113 shares	63,84,209 shares
Market Maker Reserveration
QIB	65,32,076 shares	42,56,140 shares
NII	32,66,037 shares	31,92,107 shares
RII	21,77,358 shares	74,48,246 shares
Employee	6,02,167 shares	0 shares
Others
Total	1,25,77,638 shares	1,48,96,493 shares

Bids Received (Subscription)

Cyient DLM IPO subscribed 71.35x in total, whereas IKIO Lighting IPO subscribed 67.75x.

	Cyient DLM IPO	IKIO Lighting IPO
QIB (times)	95.87x	163.06x
NII (times)	47.75x	65.38x
Big NII (times)	50.48x	69.01x
Small NII (times)	42.31x	58.13x
RII (times)	52.17x	14.31x
Employee (times)	2.60x
Other (times)
Total (times)	71.35x	67.75x

Compare with others

Cyient DLM IPO	IKIO Lighting IPO
SBFC Finance IPO	Utkarsh Small Finance Bank IPO
Yatharth Hospital IPO	Senco Gold IPO
Netweb Technologies India IPO	Cyient DLM IPO
Utkarsh Small Finance Bank IPO	ideaForge Technology IPO
Senco Gold IPO	HMA Agro Industries IPO
ideaForge Technology IPO	Tata Technologies IPO
HMA Agro Industries IPO	Nexus Select Trust REIT
IKIO Lighting IPO	Mankind Pharma IPO
Tata Technologies IPO	Avalon Technologies IPO
Nexus Select Trust REIT	Udayshivakumar Infra IPO

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