Dixon Technologies (India) Limited IPO (Dixon IPO) Detail

By | September 18, 2017

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.

Dixon IPO Date, Price, Allotment Status, Listing, Reviews, News

Dixon Technologies (India) Limited IPO (Dixon IPO) Detail

About the companyDixon 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

  1. Repayment/pre-payment.
  2. To set up a LED TVs manufacturing unit at Tirupati Facility.
  3. Backward integration improvement for the lighting products vertical at Dehradun I Facility.
  4. To upgrade the information technology (IT)  infrastructure.
  5. General corporate purposes.

Dixon IPO Grey Market Price, Dixon GMP, Kostak Rate and Premium

Dixon IPO Information

NameDixon Technologies (India) Limited
Open Date06 September 2017
Close Date08 September 2017
Allotment Date13 September 2017
Refund Date13 September 2017
Listing Date
Issue PriceRs. 1760 - Rs. 1766 Per Equity Share
Lot Size8 Shares
Minimum Order Quantity8 Shares
Issue TypeBook 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 ManagerIDFC Bank Limited, IIFL Holdings Limited, Motilal Oswal Investment Advisors Limited, Yes Securities (India) Limited
RegistrarKarvy Computershare Private Limited
Registrar Email [email protected]
Investor Grievance[email protected]
Registrar Websitewww.karvycomputershare.com
Registrar Phone+91 (40) 6716 2222
Listing atNSE / BSE

IPO Poll

Would you apply to Dixon Technologies (India) Limited Ltd IPO?

  • Yes (80%, 285 Votes)
  • No (20%, 72 Votes)

Total Voters: 357

Loading ... Loading ...

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.

Financials

DATETOTAL ASSETSTOTAL REVENUEPROFIT AFTER TAX
31 March 20175,078.9316,456.62464.81
31 March 20163,276.7612,536.54364.00
31 March 20152,831.1311,168.1898.13
31 March 20142,677.0010,650.15109.65
31 March 20132,594.417,262.3319.33

**(All Figures in Rs. million)

In the financial year 2016-17, Top contributors to the companies revenue were:

  1.  LED TVs: 34%
  2. Mobile phones: 33%
  3. Lighting: 22%
  4. Home appliances: 8%
  5. 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.

Lead Managers

IDFC Bank Limited, IIFL Holdings Limited, Motilal Oswal Investment Advisors Limited, Yes Securities (India) Limited are the book running lead managers to the issue.

Registrar

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

DATESHARES OFFERED06 SEPTEMBER 201707 SEPTEMBER 201708 SEPTEMBER 2017
RII11881050.783.2710.60
NII5091880.040.31134.66
QIB6792641.348.93345.61
Total23765570.784.25117.83

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) IPO Allotment Status, Dixon IPO Allotment Karvy

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 PriceRs. 1766Rs. 1766
OpenRs. 2725Rs. 2725
HighRs. 3024Rs. 3020.25
LowRs. 2725Rs. 2725
CloseRs. 2891.55Rs. 2910
DifferenceUp 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
E-mail: [email protected]
Website: www.dixoninfo.com

IPO Prospectus

Draft Prospectus with SEBI | Red Herring Prospectus.

More from greymarket.co.in

6 thoughts on “Dixon Technologies (India) Limited IPO (Dixon IPO) Detail

  1. DILilP NARANG

    What is your opinion about ICICI Lombard IPO. Can we. listing gains in ICICI Lombard IPO

    Reply
  2. Prasad

    We can expect bumper listing like Avenue Supermarket. Company fundamentals are very strong with good financials.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *