Dixon Technologies IPO GMP, Review, Price, Allotment

The Dixon Technologies IPO date has been confirmed to have started on September 6, 2017 and ended on September 8, 2017. Read the post to learn about Dixon Technologies IPO GMP.

Using an IPO, Dixon Technologies is seeking to raise Rs600.00 crores. Its price band is set at ₹ 1760 to ₹ 1766 per share. The  minimal lot size for an  operation is 8 shares. The  minimal  quantum of investment  needed by retail investors is ₹ 14,128.  

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Key Details Of Dixon Technologies IPO:

Dixon Technologies IPO GMP

The Dixon Technologies Limited IPO GMP Today is ₹5,980.20.

Dixon Technologies IPO Overview​

The Dixon IPO is a Rs600.00 crore book-  erected  allocation. The immolation consists of a fresh issue of Rs60.00 crore and an offer to  vend0.31 crore shares. Dixon’s  original public immolation( IPO)  shot began on September 6, 2017 and closed on September 8, 2017. Dixon IPO allotment was completed on Wednesday, September 13, 2017. On September 18, 2017, the shares were listed on the BSE and NSE. Dixon’s IPO pricing range is 1760 to 1766 per share. An  operation requires a  minimal lot size of 8 shares. Retail investors must make a  minimal investment of$ 14,128.  

Dixon is a well- known original Design Manufacturer( ODM) in India. At its R&D  installation, the company develops and designs  particulars in- house. Over 25 of its  profit comes from the ODM business. The company has six manufacturing  shops in Uttar Pradesh and Uttarakhand. The company employs around 629 full- time  workers and 4,030 contractors. Competitive Strengths  

• Leading market position in key verticals (Manufacturing of TVs, washing machines, LED and CFL lights)
• Strong relationships with a diverse top-tier customer base (Global & National Brands and Domestic retail private labels)
• End to end solutions provider with dedicated research and development capabilities (R&D, Global sourcing, Backward integration, Reverse Logistics)
• Flexible and cost-effective manufacturing capabilities
• Strong Financial Performance and stable cash flows

Dixon Technologies IPO Details

IPO Date	September 6, 2017 to September 8, 2017
Listing Date	September 18, 2017
Face Value	₹10 per share
Price Band	₹1760 to ₹1766 per share
Lot Size	8 Shares
Total Issue Size	[.] shares (aggregating up to ₹600.00 Cr)
Fresh Issue	[.] shares (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

Dixon Technologies Company Financials

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

Dixon IPO Timeline

IPO Open Date	Wednesday, September 6, 2017
IPO Close Date	Friday, September 8, 2017
Basis of Allotment	Wednesday, September 13, 2017
Initiation of Refunds	Thursday, September 14, 2017
Credit of Shares to Demat	Friday, September 15, 2017
Listing Date	Monday, September 18, 2017
Cut-off time for UPI mandate confirmation	5 PM on September 8, 2017

Company Profile​

Dixon is India’s biggest maker of lighting products such as CFL bulbs, LED lights, LED TVs, and semi-automatic washing machines. Dixon produces goods for well-known retail companies such as Panasonic, Philips, Haier, Gionee, Surya Roshni, Reliance Retail, Intex Technologies, Mitashi, and Dish.

IPO Strengths

• Experienced promoters and a competent management team.
• Well-established relationships with a loyal customer base.
• Access to markets worldwide, enabling global reach.

IPO Weakness

• Heavy reliance on customers based in the United States.
• Need to adhere to multiple laws and regulations in these countries to ensure compliance.
• Competition from other players in the market.

Dixon Technologies IPO FAQs