Cyient DLM IPO: How to check the Allotment Status

The ₹592 crore of Cyient DLM IPO, consists entirely of a fresh issue of ₹592 crore and there is no offer for sale component by the promoters or the early shareholders in this issue. The IPO just closed on Friday 30th June 2023 and at the close of the third day, the issue was subscribed 67.31 times overall. While the QIB portion was subscribed 90.44 times the HNI / NII portion was subscribed 45.05 times and the retail portion 49.22 times. The basis of allotment will be finalized on 05th July 2023 while the refunds to non-allottees will be initiated on the 06th June 2023. The company expects to complete the demat credits to the allottees as of 07th June 2023, while the company plans to list its IPO on the BSE and the NSE on 10th June 2023.

Allotment status online is an internet facility that is provided by the BSE (formerly Bombay Stock Exchange) and by the registrars on their website. Many of the brokers also provide direct connectivity to the database. However, in the absence of any connectivity, one option you always have to use one of these options. That means; you can either check your allotment status on the BSE website or the IPO registrar, KFIN Technologies Limited (formerly Karvy Computershare). Here are the steps.

Checking the allotment status of Cyient DLM Ltd on BSE website

This is a facility available to all mainboard IPOs, irrespective of who the registrar to the issue is. You can still access the allotment status on the website of BSE India as under. Visit the BSE link for the IPO allotment by clicking on the link below.

https://www.bseindia.com/investors/appli_check.aspx

Once you reach the page, here are the steps to follow.

• Under Issue Type – Select Equity Option
• Under Issue Name – Select Cyient DLM Ltd from the drop down box
• Enter the Application Number exactly as in the acknowledge slip
• Enter the PAN (10-digit alphanumeric) number
• Once this is done, you need to click on the Captcha to verity that you are not a robot
• Finally click on the Search Button

In the past, while checking the allotment status on the BSE website, it was necessary to input the PAN number and the application Number. However, now BSE has modified the requirements and it is sufficient if you enter any one of these parameters. There is one more point to note. Even if the company appears in the dropdown, the allotment status will only be available for you to check after the basis of allotment is finalized.

To complete your checking process, once you click on the SUBMIT button, the allotment status will be displayed on the screen in front of you informing about the number of shares of Cyient DLM Ltd allotted into your demat account.

Checking the allotment status of Cyient DLM Ltd on KFIN Technologies Ltd (Registrar to IPO)

Visit the website of KFIN Technologies Ltd, which has been appointed as the registrar for the issue. You can access their website for IPO status by clicking on the link below:

https://ris.kfintech.com/ipostatus/

Here you are given the choice to select 5 servers viz. Link 1, Link 2, Link 3, Link 4, and Link 5. There is nothing to be confused, as these are just server backups in case one of the servers is experiencing too much traffic. You can select any of these 3 servers and in case you are finding problems accessing one of the servers, then try the other one. There is no difference, which server you select.

A small thing to remember here. Unlike on the BSE website, where the names of all IPOs are there on the drop-down menu, the registrar will only provide of the IPOs managed by them and where the allotment status is already finalized. Also, for simplicity, you can either choose to see all IPOs or just recent IPOs. Choose the latter, as that reduces the length of the list of IPOs you need to search through. Once you click on Recent IPOs, the dropdown will only show the recent active IPOs, so once the allotment status is finalized, you can select Cyient DLM Ltd from the drop-down box.

• There are 3 options. You can either query the allotment status based on PAN, Application Number or Demat Account (DPID-Client ID combination).
   
• To Query by PAN, check the appropriate box and follow these steps.
  • Enter the 10-digit PAN number
  • Enter the 6-digit Captcha Code
  • Click on Submit button
  • Allotment status gets displayed on screen
     
• To Query by Application Number, check the appropriate box and follow these steps.
  • Enter the Application Number as it is
  • Enter the 6-digit Captcha Code
  • Click on Submit button
  • Allotment Status gets displayed on screen

In the past, the first step was to select Application Type (ASBA or Non-ASBA) before inputting your application number. Now, that step has been done away with.
 

• To Query by Demat Account, check the appropriate box and follow these steps.
  • Select the depository (NSDL / CDSL)
  • Enter the DP-ID (Alphanumeric for NSDL and Numeric for CDSL)
  • Enter the Client-ID
  • In the case of NSDL, the Demat account is 2 strings
  • In the case of CDSL, the Demat account is just 1 string
  • Enter the 6-digit Captcha Code
  • Click on Submit button
  • Allotment Status gets displayed on screen

It is always advisable to retain a saved screenshot of the allotment status output for future reference. The same can be tallied with the demat account credit subsequently.

Cyient DLM Ltd is a subsidiary of Cyient Ltd, the Hyderabad based technology solutions company. Cyient holds 92.84% if the capital of Cyient DLM Ltd while Amansa Investments of Singapore holds 7.16%. The company was incorporated in 1993 to provide electronic manufacturing services (EMS). Cyient DLM undertakes these EMS services as Built to Print (B2P) or as Built to Specifications (B2S) services.

In the B2P business the clients give them the design specifications for the product and Cyient DLM only manufacturing as per the specifications. The B2S service is more elaborate and includes designing the product based on specifications and then manufacturing it. Some of its prestigious clients include Honeywell, Thales, and BEL; among others. The Book running lead managers to the IPO are JM Financial and Axis Capital Ltd. KFIN Technologies Ltd is the registrars to the issue.