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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
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.
| 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 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 Sale | 3,053,675 Eq Shares of ₹10 (aggregating up to ₹[.] Cr) |
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 |
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 |
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)
| Category | Subscription (times) |
|---|---|
| QIB | 134.66 |
| NII | 345.61 |
| RII | 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 equity share |
| Face Value | ₹10 per equity 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/
KFintech Private 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 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.
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