Cyient DLM, one of the leading integrated Electronic Manufacturing Services (“EMS”) and solutions providers with strong capabilities across the value chain and the entire life cycle of a product has received the SEBI approval for its proposed IPO.

The Company’s initial public offering comprises a fresh issue of aggregating up to Rs.7,400.00 million. Cyient DLM in consultation with the book running lead managers, may consider a further issue of specified securities, including by way of a private placement, rights issue, preferential offer or any other method at its discretion, as may be permitted under applicable laws for an amount aggregating up to Rs. 1,480 Million, prior to the filing of the red herring prospectus with the registrar of companies.

Axis Capital Limited and JM Financial Limited are the Book Running Lead Managers to the issue.