Dixon Technologies (India) Limited IPO

Add to Calendar 2017-09-06 12:00 AM 2017-09-08 12:00 AM Asia/Kolkata Dixon Technologies (India) Limited IPO Dixon Technologies (India) Limited India

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

Issue Detail

  • Issue Open: Sep 06, 2017
  • Issue Close: Sep 08, 2017
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 1760 - Rs 1766 Per Equity Share
  • Bid Lot:8 Shares
  • Minimum Order Quantity:8 Shares
  • Listing At: BSE, NSE
  • Issue Size: • Rs 600.00 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 679,264 509,188 1,188,105 - - 2,376,557
Day 1 - Sep 06, 2017IST 1.3400 0.0400 0.7800 - - 0.7800
Day 2 - Sep 07, 2017IST 8.9300 0.3100 3.2700 - - 4.2500
Day 3 - Sep 08, 2017IST 134.6600 345.6100 10.6000 - - 117.8300

Listing Day Trading Information

Issue Price Rs 1,766.00 Rs 1,766.00
Open Rs 2,725.00 Rs 2,725.00
Low Rs 2,725.00 Rs 2,725.00
High Rs 3,020.25 Rs 3,024.00
Last Trade Rs 2,892.80 Rs 2,891.55
Volume 970,793 6,019,374

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