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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 / Recommendations:

Capital Market Review
Dilip Davda - Other

 

Dixon IPO Subscription Status / Live Bidding Status

Dixon IPO Subscription Status tells if Dixon IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Dixon IPO oversubscribed if bids are received for more shares than what is offered by the company.

Dixon IPO - How Many Times Subscribed?
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
  •   ›  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
1205. P M  Nov 24, 2017 10:20:17 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 900+ Likes)
Again makes new all time high ------ 3250.00
avatar
1204. tradingbells  Nov 24, 2017 6:40:39 PM IST I Like It. | Report Abuse
ipo funding & zero brokrege plan open this link

https://tradingbells.com/openAnAccount.php?C=MjY1
avatar
1203. AARKAY  Nov 23, 2017 10:07:20 PM IST I Like It. | Report Abuse
Can any one advise to hold or sell of one lot I have
avatar
1202. P M  Nov 23, 2017 5:00:45 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 900+ Likes)
Again makes new all time high today ------ 3218.00
avatar
1201. P M  Nov 21, 2017 7:47:09 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 900+ Likes)
Again makes new all time high today ------ 3174.00
avatar
1200. P M  Nov 20, 2017 3:49:18 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 900+ Likes)
Makes new all time high today ------ 3136.00
avatar
1200.1. harit  Nov 20, 2017 6:16:01 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Happy
avatar
1199. harit  Nov 20, 2017 6:14:56 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Holding 1 lot @ ipo
Flipkart effect will be seen in next quarter
4000 tgt on February 18
avatar
1198. BullOverBear  Nov 2, 2017 2:55:54 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Dixon result on 14 November 2017
avatar
1198.4. BullOverBear  Nov 20, 2017 2:11:55 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Here we go 3100 touched, rally ON
avatar
1198.5. BullOverBear  Nov 23, 2017 10:21:26 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Seems some investors saw this gem, which is glittering beneath many stones.

The business is great to fetch more upside in months.
avatar
1197. manjitsingh  Nov 2, 2017 8:03:02 AM IST I Like It. | Report Abuse
May go to 3000 shortly
avatar
1196. mDelhi  Oct 20, 2017 5:15:54 PM IST I Like It. | Report Abuse
Didn''t got any allotment, what would be the price range to add into portfolio ?? for long term
avatar
1195. R R Patel  Sep 27, 2017 7:46:55 PM IST I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 2700+ Likes)
Hold for the target of 3000 near Diwali & 3500-4000 in 5-6 months time.
avatar
1194. kalpesh baliya  Sep 25, 2017 1:03:04 PM IST I Like It. | Report Abuse
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
1194.1. BullOverBear  Sep 26, 2017 12:07:08 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
I am holding and my horizon is more than 3 months at this moment
avatar
1193. R R Patel  Sep 23, 2017 10:25:25 AM IST I Like It. 3 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 2700+ Likes)
Still hold 1 lot. It will reward more in short term as well as long term.
avatar
1192. we earn  Sep 22, 2017 10:56:39 PM IST I Like It. 1 | Report Abuse
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
1192.1. 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
1191. P M  Sep 22, 2017 6:53:23 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 900+ Likes)
Everyone should always keep stoploss while trading.
avatar
1190. kalpesh baliya  Sep 22, 2017 1:53:47 PM IST I Like It. | Report Abuse
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
1190.1. Jain Sahab  Sep 22, 2017 6:39:46 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
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
1190.2. RJAUS  Oct 6, 2017 7:29:32 AM IST I Like It. | Report Abuse
it depends on the stock. I had purchased Dmart on the listing day which had listed for more than 100% and look at the stock now. Dixon is a good company its just that the market fell during its listing and hence stock took a beating..the stock will surely bouce back and go above 3000 in max 2 months
avatar
1189. P M  Sep 22, 2017 4:06:15 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 900+ Likes)
Makes new 52 week low - 2635
avatar
1188. kalpesh baliya  Sep 22, 2017 2:35:09 PM IST I Like It. | Report Abuse
anyone plzz rply me....what should i do now.... i bought 10 shares @2950.....plzz suggest me...hold kru ya sell kru...
avatar
1187. babloo  Sep 22, 2017 1:54:59 PM IST I Like It. | Report Abuse
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
1186. Arihant.  Sep 22, 2017 9:52:42 AM IST I Like It. | Report Abuse
Any call on dixon every day. Going down nd down ....what to do selll or hold plz suggest somone
avatar
1186.1. harit  Sep 22, 2017 11:29:53 AM IST I Like It. 2 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
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
1186.2. Shivajee  Oct 3, 2017 10:55:22 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)
infocus brand phones are an arm of Foxconn and is Taiwanese based company. Do we have such electronics giants in India? We only had companies like solidaire, dyanora in the last gen and now, have Intex, videocon. Dixon has to be studied in detail more. But thanks for your inputs and nice seeing you here as an electronics professional.

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