Dixon Technologies (India) Limited IPO

Dixon Technologies (India) Limited

Issue Open

Sep 06, 2017

Price Band

₹ 1760 - ₹ 1766

Issue Size

₹ 600.00 Cr

Credit of Shares to Demat

-

Issue Close

Sep 08, 2017

Bid Lot

8

Listing Exchange

BSE, NSE

Cut off time for UPI Mandate Confirmation

-

Issue Type

Book Built Issue IPO

Minimum Order Quantity

8

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Sep 18, 2017

Refunds

-

About the company:

Introduction:Dixon technologies is a leading original design manufacturer in India. The company has a capability to develop and design its products through its R&D facility. The company has around 6 manufacturing facility in north India employing 630 employees and 4000+ contractors.

Date of Establishment: Company was incorporated in the year 1993. 

Product & Service Offering: Dixon manufactures consumer durables, lighting and mobile phones. The product portfolio of Dixon is:

     1. LED TVs
     2. Home appliances.
     3. Lighting products. e.g.CFL bulbs etc.
     4. Mobile phones
 Dixon also provides repair and support services to customers.

Customer Segment: The company serve consumer market through its varied product offerings. its products like surya bulbs are quite popular among Indian consumers.    

Promoters of ICICI Lombard: The Promoter of the company is Sunil Vachani,

Objects of the Fresh Issue:The object of the issue is to
        1. Repayment of loans.
        2. Setting up of manufacturing unit at Tirupati facility for manufacturing of LED TVs
        3. Enhancement of backward integration capabilities in the lighting products vertical at Dehradun Facility.
        4. Improve the IT infrastructure to enhance the working capacity of the company
        5. General corporate purposes.

Company Financials:

Summary of financial Information (Consolidated)
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

FAQ’s

Can I trade an IPO through a Discount Broker?

What are the benefit of buying & selling IPOs through a discount broker?

How is it possible to trade an IPO through a discount broker when SEBI has made mandatory to buy an IPO through ASBA?

How can I buy and sell IPO through a discount broker?

What documents are required to open an account with Samco?