Cyient DLM IPO: What GMP indicates ahead of subscription tomorrow

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Key Points

Ahead of the subscription, the company's shares are commanding a premium of Rs 90 in the unlisted markets..

The IPO is completely a fresh issue of equity shares of up to Rs 592 crore and investors can bid for a minimum of 56 units and in multiples thereafter...

Cyient DLM Ltd (CDL) is an integrated electronic manufacturing services (EMS) and solutions provider with a focus on the entire life cycle of a product, including design, build, and maintenance...

The company enjoys long-term relationships with marquee customers such as Honeywell, Thales Global Services, ABB, Bharat Electronics and Molbio Diagnostics having had an average relationship of over 11 years...

The company derives major part of its revenues from printed circuit board assembly (PCBA) with almost 63% contribution, and 32% of the revenue comes from box builds which are used in safety critical systems such as cockpits, inflight systems, landing systems, and medical diagnostic equipment...

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