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Dixon IPO is a book built issue of Rs 600.00 crores. The issue comprises of fresh issue of Rs 60.00 crore and offer for sale of 0.31 crore shares.
Dixon IPO bidding started from September 6, 2017 and ended on September 8, 2017. The allotment for Dixon IPO was finalized on Wednesday, September 13, 2017. The shares got listed on BSE, NSE on September 18, 2017.
Dixon IPO price band is set at ₹1760 to ₹1766 per share. The minimum lot size for an application is 8 Shares. The minimum amount of investment required by retail investors is ₹14,128.
Idfc Bank Limited, Iifl Securities Ltd, Motilal Oswal Investment Advisors Limited and Yes Securities (India) Limited are the book running lead managers of the Dixon IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Dixon IPO RHP for detailed information.
| IPO Date | September 6, 2017 to September 8, 2017 |
| Listing Date | September 18, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹1760 to ₹1766 per share |
| Lot Size | 8 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹600.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹60.00 Cr) |
| Offer for Sale | 3,053,675 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 10,985,341 |
| Share holding post issue | 11,325,091 |
Dixon IPO offers 2,376,557 shares. 679,264 (28.58%) to QIB, 509,188 (21.43%) to NII, 1,188,105 (49.99%) to RII. 148,513 RIIs will receive minimum 8 shares and (sNII) and (bNII) will receive minimum 120 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 679,264 (28.58%) | NA |
| NII (HNI) Shares Offered | 509,188 (21.43%) | |
| Retail Shares Offered | 1,188,105 (49.99%) | 148,513 |
| Total Shares Offered | 2,376,557 (100%) |
Dixon IPO opens on September 6, 2017, and closes on September 8, 2017.
| IPO Open Date | Wednesday, September 6, 2017 |
| IPO Close Date | Friday, September 8, 2017 |
| Basis of Allotment | Wednesday, September 13, 2017 |
| Initiation of Refunds | Thursday, September 14, 2017 |
| Credit of Shares to Demat | Friday, September 15, 2017 |
| Listing Date | Monday, September 18, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 8, 2017 |
Investors can bid for a minimum of 8 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 8 | ₹14,128 |
| Retail (Max) | 14 | 112 | ₹197,792 |
| Lot Size Calculator | |||
Incorporated in 1993, Dixon Technologies is engaged in manufacturing products in the consumer durables, lighting and mobile phones markets. The product portfolio of Dixon include:
1. Consumer electronics like LED TVs
2. Home appliances like washing machines
3. Lighting products like LED bulb, tube lights, CFL bulbs etc.
4. Mobile phones
Company also provide repair and refurbishment services of set top boxes, mobile phones and LED TV panels.
Dixon is leading manufacturer of lighting products of CFL, LED bulbs, LED TVs and semi-automatic washing machines in India. Dixon manufacture products for popular retail brands including Panasonic, Philips, Haier, Gionee, Surya Roshni, Reliance Retail, Intex Technologies, Mitashi and Dish.
Dixon is also a leading Original Design Manufacturer (ODM) in India. Company develop and design products in-house at its R&D facility. The ODM business contribute over 25% of its revenue.
Company have six manufacturing facilities located in the states of Uttar Pradesh and Uttarakhand. Company has over 629 permanent employees and 4,030 contractors.
Competitive Strengths
1. Leading market position in key verticals (Manufacturing of TVs, washing machines, LED and CFL lights)
2. Strong relationships with a diverse top-tier customer base (Global & National Brands and Domestic retail private labels)
3. End to end solutions provider with dedicated research and development capabilities (R&D, Global sourcing, Backward integration, Reverse Logistics)
4. Flexible and cost-effective manufacturing capabilities
5. Strong Financial Performance and stable cash flows
| 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 | |
The Offer consists of a Fresh Issue and an Offer for Sale by the Selling Shareholders.
1. The Proceeds from the Offer for Sale
The proceeds from the Offer for Sale shall be received by the Selling Shareholders and Company shall not receive any proceeds from the Offer for Sale.
2. Objects of the Fresh Issue
Company proposes to utilise the Net Proceeds towards funding the following objects:
A. Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company;
B. Setting up a unit for manufacturing of LED TVs at the Tirupati Facility;
C. Enhancement of our backward integration capabilities in the lighting products vertical at our Dehradun I Facility;
D. Upgradation of the information technology infrastructure of the Company; and
E. General corporate purposes.
[Dilip Davda] Considering last two fiscals performance and the growth in the segments of the company’s operations, risk savvy investors may consider moderate investment for medium to long term in this fully priced issue. Read detail review...
The Dixon IPO is subscribed 117.83 times on September 8, 2017 5:00:00 PM. The public issue subscribed 10.60 times in the retail category, 134.66 times in the QIB category, and 345.61 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 134.66 |
| NII | 345.61 |
| Retail | 10.60 |
| Total | 117.83 |
| Listing Date | September 18, 2017 |
| BSE Script Code | 540699 |
| NSE Symbol | DIXON |
| ISIN | INE935N01012 |
| Final Issue Price | ₹1766 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹1,766.00 |
| ₹2,725.00 |
| ₹2,725.00 |
| ₹3,020.25 |
| ₹2,892.80 |
| NSE |
|---|
| ₹1,766.00 |
| ₹2,725.00 |
| ₹2,725.00 |
| ₹3,024.00 |
| ₹2,891.55 |
Dixon Technologies (India) Limited
B-14 & 15, Phase-II,
Noida,
Gautam Buddha Nagar, 201 305
Phone: +91 120 473 7200
Email: investorrelations@dixoninfo.com
Website: http://www.dixoninfo.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Dixon IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹600.00 Crores. The issue is priced at ₹1760 to ₹1766 per share. The minimum order quantity is 8 Shares.
The IPO opens on September 6, 2017, and closes on September 8, 2017.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Dixon IPO opens on September 6, 2017 and closes on September 8, 2017.
Dixon IPO lot size is 8 Shares, and the minimum amount required is ₹14,128.
You can apply in Dixon IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Dixon IPO will be done on Wednesday, September 13, 2017, and the allotted shares will be credited to your demat account by Friday, September 15, 2017. Check the Dixon IPO allotment status.
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