Incorporated in 1993, Cyient DLM Limited provides Electronic Manufacturing Services (EMS) and solutions. The company provides Electronic Manufacturing Services as Build to Print ("B2P") and Build to Specification ("B2S") services. B2P solutions involve clients providing the design for the product for which the company provides agile and flexible manufacturing services. And, B2S services involve designing the relevant product based on the specifications provided by the client and manufacturing the product. Cyient DLM's solutions primarily comprise:
Printed circuit board ("PCB") assembly ("PCBA"),
Cable harnesses, and
Box builds which are used in safety critical systems such as cockpits, inflight systems, landing systems, and medical diagnostic equipment.
The company's client list includes Honeywell International Inc. ("Honeywell"), Thales Global Services S.A.S ("Thales"), ABB Inc, Bharat Electronics Limited, and Molbio 152 Diagnostics Private Limited, and so on.
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Funding incremental working capital requirements of the company,
Funding capital expenditure of the company,
Repayment/prepayment, in part or full, of certain of the borrowings,
Achieving inorganic growth through acquisitions, and
General corporate purposes.
Company Promoter: Promoter of the company is Cyient Limited.
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