The Dixon Technologies IPO date has been confirmed to have started on September 6, 2017 and ended on September 8, 2017.
Using an IPO, Dixon Technologies is seeking to raise Rs 600.00 crores. Its price band is set at ₹1760 to ₹1766 per share. The minimum lot size for an application is 8 shares. The minimum amount of investment required by retail investors is ₹14,128.
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Bidding Dates
September 6-8
Price Range
₹1760 to ₹1766 per share
Face Value
₹10 per share
GMP
₹5,980.20
Dixon Technologies IPO GMP
The Dixon Technologies Limited IPO GMP is ₹5,980.20.
IPO Overview
The Dixon IPO is a Rs 600.00 crore book-built issuance. The offering consists of a fresh issue of Rs 60.00 crore and an offer to sell 0.31 crore shares. Dixon’s initial public offering (IPO) bid 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 application requires a minimum lot size of 8 shares. Retail investors must make a minimum investment of $14,128.
Dixon is a well-known original Design Manufacturer (ODM) in India. At its R&D facility, the company develops and designs items in-house. Over 25% of its revenue comes from the ODM business. The company has six manufacturing plants in Uttar Pradesh and Uttarakhand. The company employs around 629 full-time employees 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 Technologies, founded in 1993, manufactures products for the consumer durables, lighting, and mobile phone markets. Dixon’s product portfolio includes the following items:
- Consumer electronics like LED TVs
- Home appliances like washing machines
- Lighting products like LED bulb, tube lights, CFL bulbs etc.
- Mobile phones
Company also provide repair and refurbishment services of set top boxes, mobile phones and LED TV panels.
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.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | einward.ris@karvy.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Dixon Technologies (India) Limited |
| Phone number | +91 120 473 7200 |
| Email ID | investorrelations@dixoninfo.com |
| Website | dixoninfo.com |
IPO Strenghts
- 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.
