Dixon Technologies (India) Limited IPO (Dixon IPO) Detail – Dixon Technologies IPO Allotment Status, Dixon IPO Price, Dixon IPO Listing Date, Review, Subscription Info, Dixon IPO Grey Market, GMP Premium at www.greymarket.co.in.
Dixon Technologies (India) Ltd will launch its initial public offering on September 06, 2017. The company which is a contract manufacturer of electronic products will raise around Rs. 600 crores from its IPO. The company has set its price band in the range of Rs 1,760- Rs 1,766 per share. The month of September will see at least four IPOs worth Rs. 2000 crores. Dixon Technologies (India) Limited is one of it.
Dixon is backed by Motilal Oswal Private Equity (MOPE). MOPE has 24.31% stake in Dixon Technologies. The Dixon IPO will offer the fresh issue of equity shares aggregating up to Rs 60 crore and an offer for sale (OFS) of up to 30.53 lakh shares by MOPE. If you look at the upper price band i.e. Rs 1,766, then this stake sale will generate Rs 540 crore for MOPE. MOPE had invested Rs 40 crores in Dixon in July 2008. The fund was invested in the company through its first private equity fund—India Business Excellence Fund I (IBEF I).
Now, all the investors who want to make some money by investing in the IPOs must check our website for the information related to the Dixon IPO Details such as Dates, Price Band, Dixon Technologies (India) Ltd Allotment Status, Dixon IPO Ratings, Review, Daily Subscription Details and the listing date of Dixon Technologies IPO.
The IPO will close on 08th September 2017. The Investors can check the given section for full details about the IPO.
- 1 Dixon IPO Date, Price, Allotment Status, Listing, Reviews, News
- 1.1 Dixon IPO Information
- 1.2 Dixon IPO Price Band
- 1.3 Dixon Technologies (India) IPO Date
- 1.4 Subscription Detail / Current Bidding Status
- 1.5 Dixon IPO Allotment Status Online
- 1.6 Dixon Technologies (India) Limited Listing Date
Dixon IPO Date, Price, Allotment Status, Listing, Reviews, News
About the company: Dixon Technologies (India) Limited is a leading consumer electronics and lighting products manufacturer in India according to a Frost & Sullivan Report. The company was established in 1993. It is based in Noida, Uttar Pradesh. The company manufactures various products such as consumer durables, home appliances, lighting products, and mobile phones for its clients. Its clients include Haier India, Gionee, Surya Roshni, Panasonic India, Philips Lighting, Reliance Retail, Intex Technologies, Mitashi Edutainment, Dish Infra Services etc.
Dixon manufactures consumer electronics products for its client. It makes various consumer products such as LED TVs, Washing machines, LED bulb, Tube lights, CFL bulbs and mobile phones. It has its own in-house R&D center. It has six manufacturing facilities located in Noida (Uttar Pradesh) and Dehradun (Uttarakhand).
The company also gives various solutions in reverse logistics (repair and refurbishment services). The company has become a pioneer in repair and refurbishment services. It refurbishes and repairs set-top boxes, mobile phones and LED TV panels. Noida III Facility of the company carries out the reverse logistics services. It has 17 other service centers across India for the reverse logistics services.
It is also a leading Original Design Manufacturer (“ODM”) of lighting products. The company generates 25% of its revenue from the ODM business.
Company Promotors: SUNIL VACHANI
The money received (proceeds) from the Offer for Sale: The amount of money received from the Offer for Sale will go to the Selling Shareholders, The company will not get anything from the Offer for Sale.
Objects of the Issue
- To set up a LED TVs manufacturing unit at Tirupati Facility.
- Backward integration improvement for the lighting products vertical at Dehradun I Facility.
- To upgrade the information technology (IT) infrastructure.
- General corporate purposes.
Dixon IPO Information
|Name||Dixon Technologies (India) Limited|
|Open Date||06 September 2017|
|Close Date||08 September 2017|
|Allotment Date||13 September 2017|
|Refund Date||13 September 2017|
|Issue Price||Rs. 1760 - Rs. 1766 Per Equity Share|
|Lot Size||8 Shares|
|Minimum Order Quantity||8 Shares|
|Issue Type||Book Built Issue IPO|
|Issue Size||---- Equity Shares of Rs 10 aggregating up to Rs 60.00 Crore,|
Fresh Issue of ---- Equity Shares of Rs 10 aggregating up to Rs 60.00 Crore,
Offer for Sale of 3,053,675 Equity Shares of Rs 10 aggregating up to Rs ---- Crore
|Lead Manager||IDFC Bank Limited, IIFL Holdings Limited, Motilal Oswal Investment Advisors Limited, Yes Securities (India) Limited|
|Registrar||Karvy Computershare Private Limited|
|Registrar Phone||+91 (40) 6716 2222|
|Listing at||NSE / BSE|
Would you apply to Dixon Technologies (India) Limited Ltd IPO?
- Yes (80%, 285 Votes)
- No (20%, 72 Votes)
Total Voters: 357
Dixon IPO Price Band
The price band for the offer has been fixed at Rs 1,760- Rs 1,766 per share. If we look at the DRHP of the IPO, it states that the main promotor Sunil Vachani along with the other seven investors will sell 30.5 lakh Equity Shares of Rs 10. The share sale from promoters is worth Rs 540 crore at the upper end of the price band i.e. Rs 1,766. Apart from this, the company is going to issue the fresh 3.4 lakh equity shares worth Rs 60 crore.
Dixon Technologies (India) IPO Date
Home-grown design-focused and solutions company Dixon Technologies (India) Limited is planning to go public in the second week of September 2017 precisely from 06th September to 08th September.
|DATE||TOTAL ASSETS||TOTAL REVENUE||PROFIT AFTER TAX|
|31 March 2017||5,078.93||16,456.62||464.81|
|31 March 2016||3,276.76||12,536.54||364.00|
|31 March 2015||2,831.13||11,168.18||98.13|
|31 March 2014||2,677.00||10,650.15||109.65|
|31 March 2013||2,594.41||7,262.33||19.33|
**(All Figures in Rs. million)
In the financial year 2016-17, Top contributors to the companies revenue were:
- LED TVs: 34%
- Mobile phones: 33%
- Lighting: 22%
- Home appliances: 8%
- Reverse logistics: 3%
The revenue for the financial year 2016-17 was Rs 1,645.6 crore and the profit was Rs 46.4 crore.
IDFC Bank Limited, IIFL Holdings Limited, Motilal Oswal Investment Advisors Limited, Yes Securities (India) Limited are the book running lead managers to the issue.
Karvy Computershare Pvt. Ltd. has been appointed as the registrar to the Dixon initial public offer. All the allotment related work will be handled by the Karvy.
Subscription Detail / Current Bidding Status
|DATE||SHARES OFFERED||06 SEPTEMBER 2017||07 SEPTEMBER 2017||08 SEPTEMBER 2017|
Dixon IPO Allotment Status Online
The process of the subscription on NSE and BSE will end on 08th September 2017. And the IPO Allotment Status of Dixon Technologies (India) Limited IPO (Dixon IPO) will be provided online by the registrar Karvy Computershare Pvt. Ltd on or around 13 September 2017. Please check this page later for the direct link.
Dixon Technologies (India) Limited Listing Date
Listing Date Update: The company will list its shares on the stock markets on 18 September 2017.
The expected listing date of Dixon IPO will be 15 September 2017. The precise date will be notified to the investors later. Check this page for the Listing Date and the other listing day information.
Dixon Technologies Listing Day Figures
|NSE (DIXON)||BSE (540699)|
|IPO Price||Rs. 1766||Rs. 1766|
|Open||Rs. 2725||Rs. 2725|
|High||Rs. 3024||Rs. 3020.25|
|Low||Rs. 2725||Rs. 2725|
|Close||Rs. 2891.55||Rs. 2910|
|Difference||Up Rs. 1125.55 (+63.73%)||Up Rs. 1144.00 (+64.78%)|
Dixon Technologies (India) Ltd Address
Registered Office and Corporate Office: B-14 & 15, Phase-II, Noida, Gautam Buddha Nagar, Uttar Pradesh 201 305
Telephone: +91 120 473 7200
Fax: +91 120 473 7263