Dixon Technologies (India) Limited IPO Message Board (Page 60)

YARO, IS COMPANY KA NAAM BHI KAABHI NAHI SUNA, AUR DAAM KITNA JYADA MANG RAHA HAI

450 to 500 gmp not ruled out .....gmp trade will start tomm.....

Got all the information. Thankyou guys. Any information regarding GMP or kisko?

What is the view of Eagle eye and Septa on Dixon IPO - Appy or avoid?

A Contract manufacturer who doesn''t own any brand, having various limitations to margin expansion, can''t equate valuation of a Consumer Durable company. Growth for this company purely depends upon the growth of its clients. Merchant bankers and promoters simply trying to wave on bull market condition. IPO may sail through easily but don''t expect big upside on listing.
Avoid on the basis of fundamental, however if Grey market premium is steady one may consider applying on the last day of the IPO.

Price of 1760 is it too much? I don''t know why people look at per share price of a company with duality. There are two things involved here, Net Profit and most important Total Outstanding shares which determine EPS and then with PE the price of Stock.It is certainly flawed approach for an investor to look at share price first, and those who do will never ever buy MRF or Eicher Motors or Bosch

at This price band... Retail people will definitely building their portfolio with other shares like RIL, HDFC, Lupin, Infy, Bajaj fin, BEML and so on.... This are performing the companies

@1766 PE 36 i think listing gain around 1500 to 3000

The IPO price appears to be v high.Their EBITA mrgin is less than 4% and the net margin is 2%.I think these companies are out to loot the retsil investors.There r many good companies at this kind of a price

@Vipul Jain... What is source of this information?

Not gonna apply , too costly an IPO . They aren''t the Foxconn of china but want their valuation i think

Range bound IPO.

There are no listed peers and hence we cannot check on the reasonableness or otherwise of pricing. Other things being equal company will continue to post good EPS even after dilution. In this type of industry margins are wafer thin and it is very true in case of this company as well. Reduction in debt post IPO will not see a dratic change in this aspect. listing gains may not be there to justify oversubscription. But of course RII will apply in large numbers as usual.

As the top line the company growth is good the company we directly able to compare with ifb ind type diversified machinery or electrical equipment industry like Whirlpool
Ifb ind trade at 57.80 P/E
Whirlpool trade at 46.3 P/E

Where Dixon @....?????

PE @ 38 approx

Comparing with IFB and Whirlpool might not be good idea, though I agree being Consumer Electronics segment it has quite comfortable PE at around 36 at issue price of 1766 , with zero debt it might have upside as well

Can a retailer apply for the ipo >2 lakh?
What category one should choose if not?

If need to apply > 2 Lakh, one need to apply in HNI category...

Dixon Technologies IPO priced at INR1,760-1,766, issue opens on 6 Sep

Dixon Technologies India Limited will be launching its initial public offer (IPO) on 6 September 2017. The upcoming IPO, priced in the range of INR1,760 – 1,766 per equity share, will close on 8 September 2017. The Anchor Investor Bid/Offer Period shall be 5 September 2017, being one working day prior to the Offer Opening Date. Investors can place their bids in Dixon Technologies IPO for the bid lot of minimum 8 equity shares and in multiples thereafter.

Dixon Technologies IPO = More OFS, less fresh

The offer comprises of a fresh issue of equity shares aggregating up to INR60 crore (INR600 million) by the company and an offer for sale (OFS) of up to 3,053,675 equity shares by selling shareholders. In total, the IPO will mobilize INR599.28 crore. The OFS component consists of up to 634,368 Equity Shares by Sunil Vachani, up to 1,446,201 Equity Shares by Indian Business Excellence Fund I and up to 495,313 Equity Shares by Indian Business Excellence Fund, and up to 477,793 equity shares by Atul B. Lall, Kamla Vachani, Geeta Vaswani, Sunita Mankani and Shobha Sippy collectively.


Net Proceeds from the fresh issue component of the offer will be utilised towards funding (i) repayment/pre-payment, in full or in part, of certain borrowings availed by the company, (ii) setting up a unit for manufacturing of LED TVs at the Tirupati Facility, (iii) enhancement of their backward integration capabilities in the lighting products vertical at the Dehradun I Facility, (iv) upgradation of the information technology infrastructure of the Company and (v) general corporate purposes


IDFC Bank Limited, IIFL Holdings Limited, Motilal Oswal Investment Advisors Limited and Yes Securities (India) Limited are the Book Running Lead Managers (BRLMs) to the offer. The registrar to Dixon Technologies IPO is Karvy Computershare Private Limited.

Business Backgroud

Dixon Technologies is the largest Indian home grown design-focused and solutions company and leading Original Design Manufacturer (ODM) of lighting products, LED TVs and semi-automatic washing machines in India.

Its 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., and Dish Infra Services Private Limited.

Is there really no listed peer as mentioned in RHP? Already asking price is based on its growth story, if there is nothing to compare to then valuation analysis will be difficult.

Link for RHP ?

Issue price is 1760-1766 as per a leading portal. If it seems to be correct then the issue price seems to be over priced.

what is the PE@1760 ...sorry ignore other message

There is no issue with price of 1760 till valuation is justified. but it seems over stretched right now. A contract manufacturer asking so much premium. It does not own any brand.

Consumer electronics maker Dixon Technologies (India) Ltd will sell shares in a price range of 1,760 rupees to 1,766 rupees in its initial public offering set to open on Sept.6, a public notice said on Tuesday. The IPO will raise about 6 billion rupees ($93.9 million) at the upper end of the price range. The company is selling new shares to raise up to 600 million rupees, while some of its shareholders are planning to sell just over 3 million shares in the offer that closes on Sept.8.

Read more at: http://www.sify.com/finance/dixon-tech-sets-price-range-for-up-to-94-million-ipo-next-week-news-equity-ri3lc7acfhecf.html

ANY GMP

Apply or Avoid? EXPERTS views?

Issue Open: 06/08/2017-08/08/2017
Face Value: Rs 10 Per Equity Share
Issue Price: 1760 Rs -1766 Rs Per Equity Share
Market Lot: 8