Dixon IPO Basis of Allotment

DIXON TECHNOLOGIES (INDIA) LIMITED

Our Company was incorporated as 'Weston Utilities Limited' at Alwar, Rajasthan, on January 15,1993 under the Companies Act, 1956 as a public limited company. The certificate of commencement of business was issued by the Registrar of Companies, Jaipur on January 28,1993. The name of our Company was changed to 'Dixon Utilities and Exports Limited' pursuant to a resolution of the shareholders of our Company on July 12,1993 and a fresh certificate of incorporation consequent on change of name was issued by the Registrar of Companies, Jaipur on July 14,1993. Subsequently, pursuant to a resolution of the shareholders of our Company on November 20,2002, our Company was converted to a private limited company and the name of our Company was changed to 'Dixon Utilities and Exports Private Limited' and a fresh certificate of incorporation consequent up on change of name/status was issued by the Registrar of Companies, Jaipur on December 10,2002. Pursuant to a resolution of the shareholders of our Company passed on September 29,2005 the name of our Company was further changed to 'Dixon Technologies (India) Private Limited' to emphasise the relevance of technology in the operations of our Company and a fresh certificate of incorporation consequent on change of name was issued by the Registrar of Companies, Jaipur on January 3,2006. Our Company was converted to a public limited company pursuant to a resolution of our Shareholders on April 18,2017 and a fresh certificate of incorporation consequent upon conversion from private company to public company was issued by the Registrar of Companies, Uttar Pradesh and Uttarakhand at Kanpur on May 2,2017 in the name of 'Dixon Technologies (India) Limited'. For further details of change in name and registered office of our Company, please refer to the section titled 'History and Corporate Structure' on page 200 of the Prospectus dated September 11,2017 ('Prospectus').

Registered and Corporate Office: B-14 & 15, Phase-ll, Noida, Gautam Buddha Nagar, Uttar Pradesh 201 305 Contact Person: Ashish Kumar, Company Secretary and Compliance Officer; Tel: +91 120 473 7200; Fax: +91 120 473 7263; Email: investorrelations@dixoninfo.com; Website: www.dixoninfo.com; Corporate Identity Number: U32101UP1993PLC066581

In terms of Rule 19(2)(b)(ii) of the Securities Contracts (Regulation) Rules, 1957, as amended, (the 'SCRR') the Offer was made for at least such percentage of the post-Offer paid-up Equity Share capital of our Company that is equivalent to Rs 4,000 million calculated at the Offer Price, such that the post-Offer capital of our Company calculated at the Offer Price is more than Rs 16,000 million but less than or equal to Rs 40,000 million. The Offer was made through the Book Building Process, in compliance with Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended ('SEBIICDR Regulations'), wherein 50% of the Offer was allocated on a proportionate basis to Qualified Institutional Buyers ('QIBs') (the 'QIB Portion'), out of which 60% was allocated to Anchor Investors, on a discretionary basis (the 'Anchor Investor Portion'), out of which one-third was reserved for domestic Mutual Funds only, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. Further, 5% of the QIB Portion (excluding the Anchor Investor Portion) was made available for allocation on a proportionate basis to Mutual Funds only. The remainder was made available for allocation on a proportionate basis to QIBs and Mutual Funds, subject to valid Bids being received from them at or above the Offer Price. Further, not less than 15% of the Offer was made available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Offer was made available for allocation to Retail Individual Bidders, in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All potential Bidders, other than Anchor Investors, were required to mandatorily utilise the Application Supported by Blocked Amount ('ASBA') process by providing details of their respective bank account which were blocked by the Self Certified Syndicate Banks ('SCSBs'), to participate in the Offer. For details, see the section titled 'Offer Procedure'an page 525.

The Offer received 1,302,579 Applications for 280,471,504 Equity Shares (Before technical rejections) resulting in 82.65 times subscription. The details of the Applications received in the Offer from various categories are as under: (Before technical rejections)

Final Demand

Asummary of the final demand as per the BSE and the NSE as on the Bid/Offer Closing Date at different Bid prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being BSE on September 14,2017

A. Allotment to Retail Individual Investors (After Technical Rejections) (Including ASBA)

The Basis of Allotment to the Retail Individual Investors, who have Bid at Cut-off Price or at the Offer Price of  Rs 1,766 per Equity Share was finalized in consultation with BSE. The category has been subscribed to the extent of 10.0314 times. The total number of Equity Shares Allotted in this category is 1,187,699 Equity Shares to 1,48,462 successful applicants. The category-wise details of the Basis of Allotment are as under:

B. Allotment to Non Institutional Investors (After Technical Rejections)

The Basis of Allotment to the Non-Institutional Investors, who have Bid at the Offer Price of Rs 1,766 per Equity Share, was finalized in consultation with the BSE. This category has been subscribed to the extent of 344.9443 times. The total number of Equity Shares Allotted in this category is 509,014 Equity Shares to 608 successful applicants. The category-wise details of the Basis of Allotment are as under: (Sample)

C. Allotment to QIBs (After Technical Rejections) (Excluding Anchor Investors)

The Basis of Allotment to (excluding Anchor Investors) who have Bid at the Offer Price of Rs 1,766 per Equity Share has been done on a proportionate basis in consultation with the BSE. This category has been subscribed to the extent of 141.8020 times of the QIB Portion. As per the SEBI ICDR Regulations, Mutual Funds were Allocated 5% of the Equity Shares of QIB Portion available i.e.33,935 Equity Shares and other QIBs, including Mutual Funds, were Allocated the remaining available 644,750 Equity Shares on proportionate basis. The total number of Equity Shares allotted in this category is 678,685 Equity Shares, which were allotted to 156 successful Applicants. The category-wise details of the Basis of Allotment are as under:

D. Allotment to Anchor Investors

Our Company in consultation with the BRLMs, had allocated 10,18,027 Equity Shares to 15 Anchor Investors (through 22 applications) at the Anchor Investor Allocation Price of Rs. 1,766 per Equity Share, in the Anchor Investor Bid/Offer Period, in accordance with the SEBI ICDR Regulations. This represents 60% of the QIB category. The allotment to Anchor Investors has been made as follows:

The Board of Directors of the Company at their meeting held on September 14,2017, have noted the Basis of Allotment of the Equity Share approved by the Designated Stock Exchange, being BSE and Allotted the Equity Shares to various successful Bidders. The Allotment Advice-cum-Refund Intimations are being dispatched to the address of the investors as registered with the depositories. Further, instructions to the Self Certified Syndicate Banks for unblocking of funds and transfer to the Public Offer Account, as applicable have been issued on September 14, 2017 and payment instructions to Registered Brokers have been issued on September 14, 2017. The Equity Shares Allotted to the successful Applicants have been credited on September 14,2017 to their beneficiary accounts subject to validation of the account details with the depositories concerned. In case the unblocking of funds or credit of shares is not received within six working days, investors may contact the Registrar to the Offer at the address given below. The Company has filed the Listing applications with BSE and NSE on September 14,2017. The Company has received listing and trading approvals from BSE and NSE and the trading will commence on September 18,2017.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

INVESTORS PLEASE NOTE

These details of the Allotment made have been hosted on the website of Registrar to the Offer, Karvy Computershare Private Limited at www.karisma.karvy.com

All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the First/ Sole applicant, Serial number of the Bid Cum Application Form, Bidder DP ID, Client ID, PAN, Date of submission of Bid Cum Application Form, address of the Bidder, number of Equity Shares bid for, name and address of the Designated Intermediary where the Bid Cum Application Form was submitted by the Bidder and a copy of the Acknowledgement Slip received from the Intermediary at the address given below:

KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad,
Telangana 500 032, India; Tel: +91 40 6716 2222; Fax: +91 40 2343 1551; Email: einward.ris@karvy.com
Investor grievance email: dixon.ipo@karvy.com; Website: www.karisma.karvy.com
Contact Person: M Murali Krishna; SEBI Registration No: INR000000221