DTL IPO

Dixon Technologies (India) Limited: The company will introduce its IPO soon to get listed at both of the Exchanges i.e. Bombay Stock Exchange and National Stock Exchange. An interested client can fetch all the information of IPO as Price Band and Dates, Company Profile, Allotment Status, Listing Dates etc. The firm got “in principal approval” from BSE and NSE for the listing of the equity shares after proposing a Red Herring Prospectus. The IPO is expected to launch as on September 06, 2017 with a price band of Rs.1760 – Rs.1766 per equity shares. The lot size of applying the IPO is for 8 shares. One can apply via ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investors stood at Rs. 2 Lakh.

The company has * equity shares of Public issue with a face value Rs. 10 each. The company plans to raise between Rs. 600 Crore through its IPO offering.

Company Profile: The company was incorporated on January 15, 1993 at Alwar Rajasthan, India. The firm is a consumer electronics and lighting product manufacturer. It manufactures consumer durables products, lighting and mobile phones in India.

Below are the various offering products of the firm:-

  • Consumer electronics like LED TVs;
  • Home appliances like washing machines;
  • Lighting products like LED bulbs and tubelights, downlighters and CFL bulbs; andd) Mobile phones.

Apart from these offerings, the company facilitates solutions in reverse logistics i.e. repair and refurbishment services of set top boxes, mobile phones and LED TV panels. 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 are the major clients of the firm. It is one of the best Original Design Manufacturer (“ODM”) of lighting products, LED TVs and semi-automatic washing machines in India. The clients of the firm sell the products of Dixon under their own brand.

The firm has six state-of-the-art manufacturing facilities which are strategically located in the states of Uttar Pradesh and Uttarakhand meeting the quality requirements of its customers, including global brands.

The reverse logistics services of the company are carried out from Noida III Facility and 17 other service centres located across India.

Positive Outlook of the Firm:-

  • Strongly maintain its market position in key verticals;
  • Efficient to build good relationships with a diverse top-tier customer base;
  • Skillful and experienced Promoter and seasoned management team;
  • End to end solutions provider with dedicated research and development capabilities;
  • Flexible and cost-effective manufacturing capabilities;
  • Maintain consistency in financial performance growth along with smooth cash flows;

Objects Of The Issue:-

  • The Proceeds from the Offer for Sale
  • The firm proposes to utilize the Net proceeds towards funding for the purpose as mentioned below-
    1. Repayment/pre-payment, in full or in part, of certain borrowings availed by the company;
    2. Setting up a unit for manufacturing of LED TVs at the Tirupati Facility;
    3. To increase the capacity of backward integration systems in the lighting products vertical at its Dehradun I Facility;
    4. Up gradation of the information technology infrastructure of its Company; and
    5. General corporate purposes.

 

Summary of Issue:

Issue Open:- Sep 6,2017 To Sep 8,2017
Issue Type Book Build Issue IPO
Issue Size (Shares) [*]  Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to Rs 60.00 Cr

Offer for sale of 3,053,675 Equity Shares of Rs. 10 aggregating up to Rs. [*]

Issue Size in (Value) (Rs. 600 Crore)
Face Value Rs. 10 Per Equity Share
Issue Price Rs. 1760-Rs. 1766 Per Equity Shares
Market lots 8 Shares
 Minimum Order Quantity  8 Shares
Listing At NSE, BSE

{* Indicates to be updated}

Important dates for Dixon Technologies (India) Limited IPO Allotment Status

  • The Allotment date for Dixon Technologies (India) Limited IPO issue is expected to be Sep 13,2017
  • The amount will get unblocked on Sep 14,2017
  • The Shares are expected to credited in DP accounts on Sep 14,2017
  • The Shares of Dixon Technologies (India) Limited are likely to be listed on Sep 15 ,2017 on both BSE and NSE.

Dixon Technologies (India) Limited IPO Allotment Status

Dixon Technologies (India) Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. Click on the given link See Allotment Status here
  2. Go to Application Status
  3. Select IPO as Dixon Technologies (India) Limited IPO
  4. Enter you PAN Number or Application Id or DP Client Id.

It takes little time to fetch information so you need to be little patient.

 

Promoters of the Company:-

Sunil Vachani – Executive Chairman of the Company.

 

Financials:-

Particulars   For the year/Period ended (Rs. in Millions)
Financial Year 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total  Equity & Liabilities 7,990.32 4,172.26 3,243.49 2,912.51 2,766.28
Total Assets 7,990.32 4,172.26 3,243.49 2,912.51 2,766.28
Total Revenue 24,582.63 13,911.73 12,031.25 10,970.93 7,680.43
Total Expenses 23,894.23 13,522.75 11,858.74 10,842.96 7,629.81
Profit After Tax (PAT) 503.77 425.67 118.56 135.10 49.80

 

Book Running Lead Managers Details:-

1) IDFC BANK LIMITED

Naman Chambers, C-32, G Block, Bandra Kurla Complex, Bandra (East),

Mumbai 400 051 Maharashtra, India

Tel: +91 22 6622 2600

Fax: +91 22 6622 2501

Email: dixon.ipo@idfcbank.com

Investor grievance email: mb.ig@idfcbank.com

Website: www.idfcbank.com

Contact Person: Gaurav Goyal / Mohit Baser

SEBI Registration No.: MB/INM000012250

 

2) IIFL HOLDINGS LIMITED

10th Floor, IIFL Centre, Kamala City, Senapati Bapat Marg,

Lower Parel (West), Mumbai 400 013,

Maharashtra, India

Tel: +91 22 4646 4600

Fax: +91 22 2493 1073

E-mail: dixon.ipo@iiflcap.com

Investor grievance E-mail: ig.ib@iiflcap.com

Website: www.iiflcap.com

Contact Person: Sachin Kapoor / Pinak Bhattacharyya

SEBI Registration No.: INM000010940

 

3) MOTILAL OSWAL INVESTMENT ADVISORS LIMITED*(1)

Motilal Oswal Tower Rahimtullah Sayani Road Opposite Parel ST Depot,

Prabhadevi Mumbai 400 025

Maharashtra, India

Tel: +91 22 3980 4380

Fax: +91 22 3980 4315

Email: dixon.ipo@motilaloswal.com

Investor grievance email: moiaplredressal@motilaloswal.com

Website: www.motilaloswalgroup.com

Contact Person: Kristina Dias / Subodh Mallya

SEBI Registration No.: INM000011005

* Formerly Motilal Oswal Investment Advisors Private Limited.

 

4) YES SECURITIES (INDIA) LIMITED IFC,

Tower 1 & 2, Unit no. 602 A, 6th Floor,

Senapati Bapat Marg, Elphinstone Road,

Mumbai 400 013

Tel.: +91 22 3347 7364

Fax: +91 22 2421 4508

E-mail: dixon.ipo@yessecuritiesltd.in

Investor grievance E-mail: igc@yessecuritiesltd.in

Website: www.yesinvest.in

Contact Person: Mukesh Garg

SEBI Registration No.: MB/INM000012227

 

Registrar To The Issue:-

KARVY COMPUTERSHARE PRIVATE LIMITED

Karvy Selenium Tower B, Plot 31-32, Gachibowli,

Financial District, Nanakramguda, Hyderabad,

Telangana 500 032, India

Tel: +91 40 6716 2222

Fax: +91 40 2343 1551

Email: einward.ris@karvy.com

Investor grievance email: dixon.ipo@karvy.com

Website: www.karisma.karvy.com

Contact Person: M Murali Krishna

SEBI Registration No: INR000000221

 

Registered Office Details:-

B-14 & 15, Phase-II, Noida, Gautam Buddha Nagar,

Uttar Pradesh 201 305

Contact Person: Ashish Kumar, Company Secretary and Compliance Officer;

Tel: +91 120 473 7200;

Fax: +91 120 473 7263

Email: investorrelations@dixoninfo.com;

Website: www.dixoninfo.com

Corporate Identity Number: U32101UP1993PLC066581

 

To Download Dixon Technologies IPO Application Form click here