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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.

Dixon IPO Details

IPO Opening Date Sep 6, 2017
IPO Closing Date Sep 8, 2017
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹1760 to ₹1766 per equity share
Market Lot 8 Shares
Min Order Quantity 8 Shares
Listing At BSE, NSE
Issue Size[.] Eq Shares of ₹10
(aggregating up to ₹600.00 Cr)
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹60.00 Cr)
Offer for Sale3,053,675 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)

Dixon IPO Tentative Timetable

The Dixon IPO open date is Sep 6, 2017, and the close date is Sep 8, 2017. The issue may list on Sep 18, 2017.

IPO Open Date Sep 6, 2017
IPO Close Date Sep 8, 2017
Basis of Allotment Date Sep 13, 2017
Initiation of Refunds Sep 14, 2017
Credit of Shares to Demat Account Sep 15, 2017
IPO Listing Date Sep 18, 2017

Dixon IPO Lot Size

The Dixon IPO market 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 (Cut-off)
Minimum 1 8 ₹14,128
Maximum 14 112 ₹197,792

Dixon IPO Subscription Status (Bidding Detail)

The Dixon IPO is subscribed 117.83 times on Sep 8, 2017 17:00. The public issue subscribed 10.60 in the retail category, 134.66 in the QIB category, and 345.61 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB

134.66

NII

345.61

RII

10.60

Total

117.83

Dixon IPO Prospectus

Dixon IPO Rating

1151
4.1
Rating:Rated 4.1 stars
Vote Here ...

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
IPO Price ₹1766 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹1,766.00
₹2,725.00
₹2,725.00
₹3,020.25
₹2,892.80
NSE
₹1,766.00
₹2,725.00
₹2,725.00
₹3,024.00
₹2,891.55

Company Contact Information

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/

Dixon IPO Registrar

KFintech Private 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 equity share. The minimum order quantity is 8 Shares.

The IPO opens on Sep 6, 2017, and closes on Sep 8, 2017.

KFintech Private 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 8 Shares.

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, Edelweiss, 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.

Dixon IPO Message Board

Ranked Members  Ranked Members

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1205. P M |Nov 24, 2017 22:20
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Again makes new all time high ------ 3250.00
1204. tradingbells |Nov 24, 2017 18:40
ipo funding & zero brokrege plan open this link

https://tradingbells.com/openAnAccount.php?C=MjY1
1203. AARKAY |Nov 23, 2017 22:07
Can any one advise to hold or sell of one lot I have
1202. P M |Nov 23, 2017 17:00
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Again makes new all time high today ------ 3218.00
1201. P M |Nov 21, 2017 19:47
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Again makes new all time high today ------ 3174.00
1200. P M |Nov 20, 2017 15:49
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Makes new all time high today ------ 3136.00
1200.1. harit |Nov 20, 2017 18:16
IPO Guru IPO Guru (1700+ Posts, 3000+ Likes)
Happy
1199. harit |Nov 20, 2017 18:14
IPO Guru IPO Guru (1700+ Posts, 3000+ Likes)
Holding 1 lot @ ipo
Flipkart effect will be seen in next quarter
4000 tgt on February 18
1198. BullOverBear |Nov 2, 2017 14:55
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Dixon result on 14 November 2017
1198.4. BullOverBear |Nov 20, 2017 14:11
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Here we go 3100 touched, rally ON
1198.5. BullOverBear |Nov 23, 2017 22:21
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 |Nov 2, 2017 08:03
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
May go to 3000 shortly
1196. mDelhi |Oct 20, 2017 17:15
Didn''t got any allotment, what would be the price range to add into portfolio ?? for long term
1195. R R Patel |Sep 27, 2017 19:46
IPO Mentor IPO Mentor (700+ Posts, 3300+ Likes)
Hold for the target of 3000 near Diwali & 3500-4000 in 5-6 months time.
1194. kalpesh baliya |Sep 25, 2017 13:03
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 |Sep 26, 2017 12:07
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 |Sep 23, 2017 10:25
IPO Mentor IPO Mentor (700+ Posts, 3300+ Likes)
Still hold 1 lot. It will reward more in short term as well as long term.
1192. we earn |Sep 22, 2017 22:56
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 |Sep 22, 2017 23:01
This share is in my holding portion so if you want more profit then hold for minimum 1 year
1191. P M |Sep 22, 2017 18:53
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Everyone should always keep stoploss while trading.
1190. kalpesh baliya |Sep 22, 2017 13:53
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 |Sep 22, 2017 18:39
Top Contributor Top Contributor (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 |Oct 6, 2017 07:29
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 |Sep 22, 2017 16:06
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Makes new 52 week low - 2635
1188. kalpesh baliya |Sep 22, 2017 14:35
anyone plzz rply me....what should i do now.... i bought 10 shares @2950.....plzz suggest me...hold kru ya sell kru...
1187. babloo |Sep 22, 2017 13:54
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
1186. Arihant. |Sep 22, 2017 09:52
Any call on dixon every day. Going down nd down ....what to do selll or hold plz suggest somone
1186.1. harit |Sep 22, 2017 11:29
IPO Guru IPO Guru (1700+ Posts, 3000+ 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
1186.2. Shivajee |Oct 3, 2017 10:55
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.