Cyient DLM’s Initial Public Offering Scheduled for June 27: Stock News Update on ET Now

[![Cyient DLM IPO](](

**Cyient DLM IPO | Latest Stock News and Update**

Cyient DLM, a subsidiary of the listed company Cyient, is set to open its initial public offering (IPO) for subscription on June 27. The company aims to raise Rs 740 crore through a fresh issue, with an option for an additional Rs 148 crore through pre-IPO placement[^1^].

The funds raised from the IPO will be utilized for various purposes, including working capital, debt repayment, acquisitions, and capital expenditure[^1^]. Cyient DLM’s competitors in the listed space are Syrma SGS, Kaynes, and DCX Systems[^1^].

According to the management, Cyient DLM has the potential to grow fivefold in the next five years[^1^]. Watch the video for more details and analysis.

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[^1^]: [Business Standard](
[^2^]: [ET Now YouTube Channel](
[^3^]: [ET Now YouTube Video](

Cyient DLM – a wholly-owned subsidiary of a listed company – Cyient – initial public offering will be opening for subscription on June 27. As per the DRHP, Cyient DLM which is an electronic manufacturing service provider, is looking to raise Rs 740 cr via fresh issue with a pre-IPO placement option of an additional Rs 148 cr.
The funds raised will be used for working capital purposes, debt repayment, acquisition, and capital expenditure. The listed peers of Cyient DLM would be Syrma SGS, Kaynes, and DCX Systems. Cyient management had earlier said the business has the potential to grow five times in five years.
Watch the video for more.

#cyientdlm #stocknews #ipoupdate
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