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

Sep 6, 2017 - Sep 8, 2017

Incorporated in 1993, Dixon Technologies is engaged in manufacturing products in the consumer durables, lighting and mobile phones markets. The product portfolio of Dixon include:

1. Consumer electronics like LED TVs
2. Home appliances like washing machines
3. Lighting products like LED bulb, tube lights, CFL bulbs etc.
4. Mobile phones

Company also provide repair and refurbishment services of set top boxes, mobile phones and LED TV panels.

Dixon is leading manufacturer of lighting products of CFL, LED bulbs, LED TVs and semi-automatic washing machines in India. Dixon manufacture products for popular retail brands including Panasonic, Philips, Haier, Gionee, Surya Roshni, Reliance Retail, Intex Technologies, Mitashi and Dish.

Dixon is also a leading Original Design Manufacturer (ODM) in India. Company develop and design products in-house at its R&D facility. The ODM business contribute over 25% of its revenue.

Company have six manufacturing facilities located in the states of Uttar Pradesh and Uttarakhand. Company has over 629 permanent employees and 4,030 contractors.

Competitive Strengths

1. Leading market position in key verticals (Manufacturing of TVs, washing machines, LED and CFL lights)
2. Strong relationships with a diverse top-tier customer base (Global & National Brands and Domestic retail private labels)
3. End to end solutions provider with dedicated research and development capabilities (R&D, Global sourcing, Backward integration, Reverse Logistics)
4. Flexible and cost-effective manufacturing capabilities
5. Strong Financial Performance and stable cash flows

Company Promoters:

Sunil Vachani, 48, is the promoter of the Company. He has 43.97% pre-offer holding in the company. He is the Executive Chairman of Dixon.

Company Financials:

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. million)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 5,078.93 3,276.76 2,831.13 2,677.00 2,594.41
Total Revenue 16,456.62 12,536.54 11,168.18 10,650.15 7,262.33
Profit After Tax 464.81 364.00 98.13 109.65 19.33

Objects of the Issue:

The Offer consists of a Fresh Issue and an Offer for Sale by the Selling Shareholders.

1. The Proceeds from the Offer for Sale
The proceeds from the Offer for Sale shall be received by the Selling Shareholders and Company shall not receive any proceeds from the Offer for Sale.

2. Objects of the Fresh Issue
Company proposes to utilise the Net Proceeds towards funding the following objects:

A. Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company;
B. Setting up a unit for manufacturing of LED TVs at the Tirupati Facility;
C. Enhancement of our backward integration capabilities in the lighting products vertical at our Dehradun I Facility;
D. Upgradation of the information technology infrastructure of the Company; and
E. General corporate purposes.

Issue Detail:

  »»  Issue Open: Sep 6, 2017 - Sep 8, 2017
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: [.] Equity Shares of Rs 10 aggregating up to Rs 600.00 Cr
    ›  Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to Rs 60.00 Cr
    ›  Offer for Sale of 3,053,675 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 1760 - Rs 1766 Per Equity Share
  »»  Market Lot: 8 Shares
  »»  Minimum Order Quantity: 8 Shares
  »»  Listing At: BSE, NSE

Dixon IPO Reviews:

  1. Dixon Technologies (India) Limited IPO review by Dilip Davda

Dixon IPO Recommendations:

Capital Market Review

Issue Subscription Detail / Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved679,264509,1881,188,1052,376,557
Day 1 - Sep 6, 2017 17:00 IST1.34000.04000.78000.7800
Day 2 - Sep 7, 2017 17:00 IST8.93000.31003.27004.2500
Day 3 - Sep 8, 2017 17:00 IST134.6600345.610010.6000117.8300

Dixon IPO Prospectus

Dixon IPO Rating

1151
4.1
Rating:Rated 4.1 stars

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Dixon IPO Listing Date

  •   ›  Listing Date: Monday, September 18, 2017
  •   ›  BSE Script Code: 540699
  •   ›  NSE Symbol: DIXON
  •   ›  Listing In: ‘B’ Group of Securities
  •   ›  ISIN: INE935N01012
  •   ›  Issue Price: Rs 1766 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 1,766.00
Rs 2,725.00
Rs 2,725.00
Rs 3,020.25
Rs 2,892.80
970,793
NSE
Rs 1,766.00
Rs 2,725.00
Rs 2,725.00
Rs 3,024.00
Rs 2,891.55
6,019,374

Dixon IPO News Alerts

  1. Monday, September 18, 2017 12:00:00 AM
    Dixon Technologies (India) Limited IPO - Listing
  2. Friday, September 8, 2017 12:00:00 AM
    Dixon Technologies (India) Limited IPO - Close
  3. Wednesday, September 6, 2017 12:00:00 AM
    Dixon Technologies (India) Limited IPO - Open

Company Contact Information

Dixon Technologies (India) Limited
B-14 & 15, Phase-II,
Noida,
Gautam Buddha Nagar, 201 305
Phone: +91 120 473 7200
Fax: +91 120 473 7263
Email: investorrelations@dixoninfo.com
Website: http://www.dixoninfo.com/

Dixon IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com

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Dixon IPO Review / Comments

avatar
1193. kalpesh baliya  Sep 25, 2017 1:03:04 PM IST I Like It. | Report Abuse Reply
any one plzz tell me...dixon ka target prize kya h....? mene 2950 meh liye h...so ye down jara h...so sale kr lu loss meh ya hold rkhu....plzz suggest me...
avatar
1193.1. BullOverBear  Sep 26, 2017 12:07:08 PM IST I Like It. 1 | Report Abuse
I am holding and my horizon is more than 3 months at this moment
avatar
1192. R R Patel  Sep 23, 2017 10:25:25 AM IST I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 800+ Likes)
Still hold 1 lot. It will reward more in short term as well as long term.
avatar
1191. we earn  Sep 22, 2017 10:56:39 PM IST I Like It. 1 | Report Abuse Reply
As seen the 5 day trading season there is the volume is gradually decreased from last 4 day and delivery volume is increase so there is no advice to sell at this lvl and whose buyed at very high level they can take a 50 rupee down stoploss from today closing lvl because from this lvl if selling pressure is also running so then there is seen very good selling

In very simple trading rule if selling pressure is sustain 4 day more then there is seen very big seller for a week or much but I don''t think there is seen selling on Monday so inquire bullish from this lvl..

Delivery volume from both exchanges trading
Day1 :-25.5% very much volume,listing day
Day2 :-23.1%
Day3 :-19.9%
Day4 :-27.8% Very less volume
Day5 :-34.3%. Very less volume
avatar
1191.1. we earn  Sep 22, 2017 11:01:39 PM IST I Like It. | Report Abuse
This share is in my holding portion so if you want more profit then hold for minimum 1 year
avatar
1190. P M  Sep 22, 2017 6:53:23 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Everyone should always keep stoploss while trading.
avatar
1189. kalpesh baliya  Sep 22, 2017 1:53:47 PM IST I Like It. | Report Abuse Reply
sir mene 2954 meh 10 shares purchase kiye h.....n now its 2700.....so kya kru ab?
sale kr lu ya hold rkhu.... kya rate aa skti h?
avatar
1189.1. Jain Sahab  Sep 22, 2017 6:39:46 PM IST I Like It. | Report Abuse
Bhai itni premium waali listing par kabhi buy mat karna future me
Very very less chances that you make money
Very high chances you will loose your capital
Hold karke bhool jao
Kabhi to up jaayega hi
avatar
1188. P M  Sep 22, 2017 4:06:15 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Makes new 52 week low - 2635
avatar
1187. kalpesh baliya  Sep 22, 2017 2:35:09 PM IST I Like It. | Report Abuse Reply
anyone plzz rply me....what should i do now.... i bought 10 shares @2950.....plzz suggest me...hold kru ya sell kru...
avatar
1186. babloo  Sep 22, 2017 1:54:59 PM IST I Like It. | Report Abuse Reply
I bought @2890 on listing day.
I am looking for an average as I am convinced with the business growth.
At what level I should average it out.
Lots of buyer enter at 2700
Holding time 3 months and more.
Thanks
avatar
1185. Arihant.  Sep 22, 2017 9:52:42 AM IST I Like It. | Report Abuse Reply
Any call on dixon every day. Going down nd down ....what to do selll or hold plz suggest somone
avatar
1185.1. harit  Sep 22, 2017 11:29:53 AM IST I Like It. 2 | Report Abuse
Keep holding it for 3-4 months
Next quarter results will be good due to festival season Feb 18 target is 3300-3500
Also mutual funds holding big amount of equity so delivery is less in market
This is unique company like FOXCON in China& Japan
If management is good it will be 5000 in 18 months
I''m electronic professional so I can see it more positive
avatar
1184. manjitsingh  Sep 17, 2017 8:10:37 PM IST I Like It. 10 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
1766 *60% = to 1050 so preopening rate will be 2800 rs or round about
avatar
1184.3. Ankitxyz  Sep 18, 2017 9:54:00 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Wah Wah
avatar
1184.4. RobinN  Sep 19, 2017 10:33:05 AM IST I Like It. 1 | Report Abuse
Manjit ji, what is this 60% calculation on Dixon ? Pls advise so that it can help us too.
avatar
1183. Ankitxyz  Sep 21, 2017 3:21:24 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
SBI Mutual Fund holding 8.9% Qty 1008698
avatar
1183.1. Ankitxyz  Sep 21, 2017 3:22:40 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Bought on listing day 929531 Qty
avatar
1183.2. Ankitxyz  Sep 21, 2017 3:23:20 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Bought on listing day 929531 Qty
avatar
1182. BullOverBear  Sep 21, 2017 1:41:38 PM IST I Like It. 1 | Report Abuse Reply
From one of the previous IPO''s great listing, an observation was

- IPO with good background, and in IPO season with bullish mkt, got oversubscribed
- As expected from good company''s IPO - bombastic listing and rise followed
- Thereafter profit bagging, followed by few days in doldrums as niche investors expected more but then ultimately took exit
- After a while bulk deals (may be some new DII or FII had target based investment, and buying starts
==> MEANWHILE, along the time, the naive IPO investors got lost and took-out money at low prices (then listing days) so that they can apply for new IPO as it was IPO season. They missed the rallies during DII & FII buying spree

--------------------------------------------

And am sure this is not story for Only one IPO where niche investors lost patience.
avatar
1182.1. BullOverBear  Sep 21, 2017 1:43:09 PM IST I Like It. | Report Abuse
Take above with pinch of salt, it cannot be true for every case, though for many cases its more or less similar
avatar
1181. Jain Sahab  Sep 15, 2017 7:11:10 PM IST I Like It. 3 | Report Abuse Reply
Expected Listing b/w 2450-2480
The may go upto 2700-3000
Then sharp fall of 10-15%
avatar
1181.2. babloo  Sep 21, 2017 12:30:08 PM IST I Like It. | Report Abuse
What''s next?☺
avatar
1181.3. Jain Sahab  Sep 21, 2017 12:57:26 PM IST I Like It. | Report Abuse
A very simple answer
You already sitting on 8K profit.
Yes it has recovered very well from 2624
What is the tension boss??
You can wait and can sell it above 2900..
But if goes downward then its upto you that how much profit you want to cash on
Simple Thing-- Never Lose Your Capital in market...
avatar
1180. m m M  Sep 21, 2017 11:30:18 AM IST I Like It. | Report Abuse Reply
wt to do with dixon??
sell or wait??
avatar
1179. P M  Sep 21, 2017 10:57:08 AM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Makes new 52 week low 2684
avatar
1178. P M  Sep 21, 2017 10:36:58 AM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Trading below 2740
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1177. Kunal.  Sep 20, 2017 10:45:14 PM IST I Like It. | Report Abuse Reply
Dixon technology allotment ratio was 121 got allotment out of 1040
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1176. we earn  Sep 20, 2017 8:12:21 PM IST I Like It. | Report Abuse Reply
This is the portfolio stock don''t sell it...as seen the three-day volume this is decrese gradually...take 2700 as a stoploss and stay invested this give decent return and whose like to add they wait for the result or add half quantity at this level

STAY INVESTED IN THE MARKET...BE HAPPY...JAY HIND
avatar
1175. Chem cho  Sep 20, 2017 10:46:40 AM IST I Like It. 2 | Report Abuse Reply
IPO Guru IPO Guru (1400+ Posts, 500+ Likes)
All weak hands washed off at rs 2752 now 2800
avatar
1175.2. Ankitxyz  Sep 20, 2017 7:07:34 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
NSE
Quantity Traded       5,02,724
Deliverable Quantity (gross across client level)      1,02,847
% of Deliverable Quantity to Traded Quantity      20.46 %
avatar
1175.3. Ankitxyz  Sep 20, 2017 7:11:49 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
BSE
Quantity Traded      88,662
Deliverable Quantity (Gross across client level) 14,703
% of Deliverable Quantity to Traded Quantity 16.58
avatar
1174. IPO EMPEROR  Sep 20, 2017 6:35:26 PM IST I Like It. | Report Abuse Reply
Abhi bhi time hai partial profit book kar lo kyu ki UC nahi laga mere bhai........Motilal kabhi bhi apna maal bech sakta hai............
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