Business description from prospectus – 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.
-- Dixon Technologies (India) Limited - Interview with Management -- Growth Prospect --
We 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, we are the leading manufacturer of lighting products of CFL, LED bulbs, LED TVs and semi-automatic washing machines in India. Our 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.
We are 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.
We are also a leading Original Design Manufacturer (ODM) of lighting products, LED TVs and semi-automatic washing machines in India. As an ODM, we develop and design products in-house at our R&D centre.
We 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||6 – 8 September 2017|
|Price Band||INR1,760 – 1,766 per share|
|Fresh issue||INR60 crore|
|Offer For Sale||3,053,675 shares (INR537.45 -539.28 crore)|
|Total IPO size||INR597.45 – 599.28 crore|
|Minimum bid (lot size)||8 shares|
|Face Value||INR10 per share|
|Listing On||NSE, BSE|
|Dixon Technologies’ financial performance (in INR crore)|
|Profit after tax||5.0||13.5||11.9||42.6||50.4|
Dixon Technologies India Limited
B-14 & 15, Phase-II, Noida,
Gautam Buddha Nagar,
Uttar Pradesh 201 305
Phone: +91 120 473 7200
Fax: +91 120 473 7263
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Earnings Per Share (EPS): INR46.22
Price/Earnings (P/E) ratio: 38.1 – 38.2
Return on Net Worth (RONW): 25.48%
Net Asset Value (NAV): INR179.96 per share
Dixon Technologies IPO Subscription Details
|Category||Shares offered||Subscription (no.
of times, at 5 PM)
|Day 1||Day 2||Day 3|
Dixon Technologies IPO allotment status is now available on Karvy Computershare’s website.
Click on this linkto get allotment status. You can also check allotment status using application number on this link.
IPO Opening Date: 6 September 2017
IPO Closing Date: 8 September 2017
Finalisation of Basis of Allotment: 13 September 2017
Initiation of refunds: 14 September 2017
Transfer of shares to demat accounts: 15 September 2017
Listing Date: 18 September 2017
Listing Price on NSE: INR2,725 per share (up 54.3% from IPO price)
Closing Price on NSE: INR2,891.55 per share (up 63.7% from IPO price)