Cyient DLM IPO vs Utkarsh Small Finance Bank IPO

Comparision between Cyient DLM IPO and Utkarsh Small Finance Bank IPO.

IPO Details

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

	Cyient DLM IPO	Utkarsh Small Finance Bank 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 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 Utkarsh Small Finance Bank IPO is up to ₹500.00 Cr. The final issue price of Cyient DLM IPO is ₹265.00 per share and of Utkarsh Small Finance Bank IPO is ₹25.00 per share.

	Cyient DLM IPO	Utkarsh Small Finance Bank IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹250.00 per share	₹23.00 per share
Issue Price (Upper)	₹265.00 per share	₹25.00 per share
Issue Price (Final)	₹265.00 per share	₹25.00 per share
Discount (Retail)
Discount (Employee)	₹15.00 per share
Market Lot Size	56 shares	600 shares
Fresh Issue Size	2,23,39,623 shares	20,00,00,000 shares
Fresh Issue Size (Amount)	up to ₹592.00 Cr	up to ₹500.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	2,23,39,623 shares	20,00,00,000 shares
Issue Size Total (Amount)	up to ₹592.00 Cr	up to ₹500.00 Cr

IPO Timetable

Cyient DLM IPO opens on Jun 27, 2023, while Utkarsh Small Finance Bank IPO opens on Jul 12, 2023. The closing date of Cyient DLM IPO and Utkarsh Small Finance Bank IPO is Jun 30, 2023, and Jul 14, 2023, respectively.

	Cyient DLM IPO	Utkarsh Small Finance Bank IPO
Anchor Bid Date	Jun 26, 2023	Jul 11, 2023
Issue Open	Jun 27, 2023	Jul 12, 2023
Issue Close	Jun 30, 2023	Jul 14, 2023
Basis Of Allotment (Tentative)	Jul 04, 2023	Jul 19, 2023
Initiation of Refunds (Tentative)	Jul 05, 2023	Jul 20, 2023
Credit of Share (Tentative)	Jul 06, 2023	Jul 21, 2023
Listing date (Tentative)	Jul 10, 2023	Jul 21, 2023
Anchor Lockin End date 1	Aug 03, 2023	Aug 18, 2023
Anchor Lockin End date 2	Oct 02, 2023	Oct 17, 2023

Financials

Cyient DLM IPO P/E ratio is 66.25, as compared to Utkarsh Small Finance Bank IPO P/E ratio of 6.78.

Cyient DLM IPO

Utkarsh Small Finance Bank 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

Utkarsh Small Finance Bank IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	9,404.32	12,137.91	15,063.77	19,117.54
Revenue	1,406.18	1,705.84	2,033.65	2,804.29
Profit After Tax	186.74	111.82	61.46	404.50
Net Worth	1,019.50	1,368.35	1,572.30	2,000.32
Reserves and Surplus	260.23	520.02	676.78	1,104.42
Total Borrowing	2,675.04	2,607.83	2,571.94	2,349.48

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

92.84%

84.75%

Promoter Shareholding (Post-Issue)

66.68%

69.28%

P/E Ratio

66.25

6.78

Market Cap

₹2101.00 Cr.

₹2739.76 Cr.

ROE

23.1%%

22.64%%

ROCE

13.48%%

Debt/Equity

8.03

EPS

₹10.07

₹4.52

RoNW

30.45%%

20.22%%

Shares Offered

In the Cyient DLM IPO retail investors (RII) are offered 21,77,358 shares while in Utkarsh Small Finance Bank IPO retail investors are offered 21,77,358 shares. Qualified institutional buyers (QIB) are offered 65,32,076 shares in Cyient DLM IPO and 5,94,00,000 shares in Utkarsh Small Finance Bank IPO.

	Cyient DLM IPO	Utkarsh Small Finance Bank IPO
Anchor Investor Reserveration	97,98,113 shares	8,91,00,000 shares
Market Maker Reserveration
QIB	65,32,076 shares	5,94,00,000 shares
NII	32,66,037 shares	2,97,00,000 shares
RII	21,77,358 shares	1,98,00,000 shares
Employee	6,02,167 shares	20,00,000 shares
Others
Total	1,25,77,638 shares	11,09,00,000 shares

Bids Received (Subscription)

Cyient DLM IPO subscribed 71.35x in total, whereas Utkarsh Small Finance Bank IPO subscribed 110.77x.

	Cyient DLM IPO	Utkarsh Small Finance Bank IPO
QIB (times)	95.87x	135.71x
NII (times)	47.75x	88.74x
Big NII (times)	50.48x	91.83x
Small NII (times)	42.31x	82.57x
RII (times)	52.17x	78.38x
Employee (times)	2.60x	18.02x
Other (times)
Total (times)	71.35x	110.77x

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