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 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.

Dixon IPO Details

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 Sale3,053,675 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 Tentative Timetable

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

Dixon IPO Lot Size

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

Dixon IPO Review

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...

Dixon IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

Dixon IPO Prospectus

Dixon IPO Rating

Rating:Rated 4.1 stars
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Dixon IPO Listing Date

Listing Date Monday, September 18, 2017
BSE Script Code 540699
Listing In B Group of Securities
ISIN INE935N01012
IPO Price ₹1766 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

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

Dixon IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

Dixon IPO FAQs

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.

The Dixon IPO listing date is on Monday, September 18, 2017.
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Dixon IPO Message Board

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1205. P M |   Link |Nov 24, 2017 11:20:17 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Again makes new all time high ------ 3250.00
1204. tradingbells |   Link |Nov 24, 2017 7:40:39 PM
ipo funding & zero brokrege plan open this link

1203. AARKAY |   Link |Nov 23, 2017 11:07:20 PM
Can any one advise to hold or sell of one lot I have
1202. P M |   Link |Nov 23, 2017 6:00:45 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Again makes new all time high today ------ 3218.00
1201. P M |   Link |Nov 21, 2017 8:47:09 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Again makes new all time high today ------ 3174.00
1200. P M |   Link |Nov 20, 2017 4:49:18 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Makes new all time high today ------ 3136.00
1200.1. harit |   Link |Nov 20, 2017 7:16:01 PM
1199. harit |   Link |Nov 20, 2017 7:14:56 PM
Holding 1 lot @ ipo
Flipkart effect will be seen in next quarter
4000 tgt on February 18
1198. BullOverBear |   Link |Nov 2, 2017 3:55:54 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Dixon result on 14 November 2017
1198.4. BullOverBear |   Link |Nov 20, 2017 3:11:55 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Here we go 3100 touched, rally ON
1198.5. BullOverBear |   Link |Nov 23, 2017 11:21:26 PM
Top Contributor Top Contributor (300+ 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.
1197. manjitsingh |   Link |Nov 2, 2017 9:03:02 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
May go to 3000 shortly
1196. mDelhi |   Link |Oct 20, 2017 6:15:54 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Didn''t got any allotment, what would be the price range to add into portfolio ?? for long term
1195. R R Patel |   Link |Sep 27, 2017 8:46:55 PM
IPO Mentor IPO Mentor (800+ Posts, 3300+ Likes)
Hold for the target of 3000 near Diwali & 3500-4000 in 5-6 months time.
1194. kalpesh baliya |   Link |Sep 25, 2017 2:03:04 PM
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...
1194.1. BullOverBear |   Link |Sep 26, 2017 1:07:08 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
I am holding and my horizon is more than 3 months at this moment
1193. R R Patel |   Link |Sep 23, 2017 11:25:25 AM
IPO Mentor IPO Mentor (800+ Posts, 3300+ Likes)
Still hold 1 lot. It will reward more in short term as well as long term.
1192. we earn |   Link |Sep 22, 2017 11:56:39 PM
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
1192.1. we earn |   Link |Sep 23, 2017 12:01:39 AM
This share is in my holding portion so if you want more profit then hold for minimum 1 year
1191. P M |   Link |Sep 22, 2017 7:53:23 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Everyone should always keep stoploss while trading.
1190. kalpesh baliya |   Link |Sep 22, 2017 2:53:47 PM
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?
1190.1. Jain Sahab |   Link |Sep 22, 2017 7:39:46 PM (300+ 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
1190.2. RJAUS |   Link |Oct 6, 2017 8:29:32 AM
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
1189. P M |   Link |Sep 22, 2017 5:06:15 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Makes new 52 week low - 2635
1188. kalpesh baliya |   Link |Sep 22, 2017 3:35:09 PM
anyone plzz rply me....what should i do now.... i bought 10 shares @2950.....plzz suggest me...hold kru ya sell kru...
1187. babloo |   Link |Sep 22, 2017 2:54:59 PM
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.
1186. Arihant. |   Link |Sep 22, 2017 10:52:42 AM
Any call on dixon every day. Going down nd down ....what to do selll or hold plz suggest somone
1186.1. harit |   Link |Sep 22, 2017 12:29:53 PM
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
1186.2. Shivajee |   Link |Oct 3, 2017 11:55:22 AM (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.