Dixon Technologies is the largest home-grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India. Our diversified product portfolio includes (i) consumer electronics like LED TVs; (ii) home appliances like washing machines; (iii) lighting products like LED bulbs and tubelights, downlighters and CFL bulbs; and (iv) mobile phones. They also provide solutions in reverse logistics i.e. repair and refurbishment services of set top boxes, mobile phones and LED TV panels. As per the Frost & Sullivan Report, they are the leading manufacturer of lighting products of CFL, LED bulbs, LED TVs and semi-automatic washing machines in India. They key customers include Panasonic India Private Limited, Philips Lighting India Limited, Haier Appliance (I) Pvt. Ltd., Gionee, Surya Roshni Limited, Reliance Retail Limited, Intex Technologies (I) Ltd., Mitashi Edutainment Pvt. Ltd., Dish Infra Services Private Limited.
Company is a fully integrated end-to-end product and solution suite to original equipment manufacturers (OEMs) ranging from global sourcing, manufacturing, quality testing and packaging to logistics. They are also a leading Original Design Manufacturer (ODM) of lighting products, LED TVs and semi-automatic washing machines in India. As an ODM, they develop and design products in-house at they R&D centre. They manufacture and supply these products to well-known companies in India who in turn distribute these products under their own brands.
Promoters of Dixon Technologies – Sunil Vachani
Dixon Technologies IPO details
Subscription Dates: 06 – 08 September 2017
Price Band : INR 1,760 – 1,766 per share
Fresh issue : INR 60 crore
Offer For Sale : 3,053,675 shares (INR 537.45 -539.28 crore)
Total IPO size : INR 597.45 – 599.28 crore
Minimum bid (lot size) : 8 shares
Face Value : INR 10 per share
Retail Allocation : 35%
Listing On : NSE, BSE
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 their 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.
Tentative timetable in respect of the Offer:
• Bid/Offer Opens On: September 06, 2017
• Bid/Offer Closes On: September 08, 2017
• Finalisation of Basis of Allotment: On or about September 13, 2017
• Initiation of refunds: On or about September 14, 2017
• Credit of Equity Shares to demat accounts: On or about September 15, 2017
• Listing on the Stock Exchanges: On or about September 18, 2017
Please contact us today for application at 033 40266300
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