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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
| 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 | |
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.
| IPO Date | Sep 6, 2017 to Sep 8, 2017 |
| Listing Date | Monday, September 18, 2017 |
| Face Value | ₹10 per share |
| Price | ₹1760 to ₹1766 per share |
| Lot Size | 8 Shares |
| Issue Size | [.] shares of ₹10 (aggregating up to ₹600.00 Cr) |
| Fresh Issue | [.] shares of ₹10 (aggregating up to ₹60.00 Cr) |
| Offer for Sale | 3,053,675 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| 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. |
Dixon IPO opens on Sep 6, 2017, and closes on Sep 8, 2017. The Dixon IPO bid date is from Sep 6, 2017 10.00 A.M. to Sep 8, 2017 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Sep 6, 2017 |
| Closing Date | Sep 8, 2017 |
| Basis of Allotment | Sep 13, 2017 |
| Initiation of Refunds | Sep 14, 2017 |
| Credit of Shares to Demat | Sep 15, 2017 |
| Listing Date | Sep 18, 2017 |
The Dixon IPO lot size is 8 shares. A retail-individual investor can apply for up to 14 lots (112 shares or ₹197,792).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 8 | ₹14,128 |
| Retail (Max) | 14 | 112 | ₹197,792 |
Considering last two fiscals performance and the growth in the segments of the company’s operations, risk savvy investors may consider moderate investment for medium to long term in this fully priced issue. Read detail review...
The Dixon IPO is subscribed 117.83 times on Sep 8, 2017 5:00:00 PM. The public issue subscribed 10.60 times in the retail category, 134.66 times in the QIB category, and 345.61 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 134.66 |
| NII | 345.61 |
| Retail | 10.60 |
| Total | 117.83 |
| Listing Date | Monday, September 18, 2017 |
| BSE Script Code | 540699 |
| NSE Symbol | DIXON |
| Listing In | B Group of Securities |
| ISIN | INE935N01012 |
| IPO Price | ₹1766 per share |
| Face Value | ₹10 per share |
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Dixon Technologies (India) Limited
B-14 & 15, Phase-II,
Noida,
Gautam Buddha Nagar, 201 305
Phone: +91 120 473 7200
Email: investorrelations@dixoninfo.com
Website: http://www.dixoninfo.com/
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
Dixon IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹600.00 Crores. The issue is priced at ₹1760 to ₹1766 per share. The minimum order quantity is 8 Shares.
The IPO opens on Sep 6, 2017, and closes on Sep 8, 2017.
KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Dixon IPO opens on Sep 6, 2017 and closes on Sep 8, 2017.
Dixon IPO lot size is 8 Shares and the minimum order quantity is .
You can apply in Dixon IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Dixon IPO will be done on Sep 13, 2017, and the allotted shares will be credited to your demat account by Sep 15, 2017. Check the Dixon IPO allotment status.
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