Friday, September 8, 2017

Dixon Technologies India Limited IPO Details

Dixon Technologies India Limited IPO

Dixon Technologies India Limited IPO full details are given here. Dixon Technologies (India) Limited is the largest home grown solution and design focused company engaged in manufacturing products in the consumer durables, lighting and mobile phones market in India. Its diversified product portfolio includes consumer electronics, home appliances, down lighters, CFL bulbs and mobile phones. It also provides solutions in reverse logistics like repair and refurbishment services.

Details of the Dixon Technologies India Limited IPO

Issuer: Dixon Technologies (India) Ltd – IPO

Issue opening date: 6th September, 2017

Issue closing date: 8th September, 2017

Issue size: Rs600 Crores

Lot size: 8 Equity shares and in multiples thereafter

Price band: Rs1760 to Rs1766

Issue allocation: QIB – 50% NIB – 15% Retail – 35%

Mode of payment: ASBA Mandatory (No cheques will be accepted)

Listing: Proposed to be listed on BSE and NSE

BRLMs: IDFC Bank Ltd, IIFL Holdings Ltd, Motilal Oswal Investment Advisors Ltd, YES Securities (India) Ltd.

Registrar: Karvy Computershare Private Ltd.

Company competitive strengths

  • Leading market position in key verticals
  • Strong relationship with a diverse top-tier customer base
  • End to end solutions provider with dedicated research and development capabilities
  • Experienced promoter and seasoned management team
  • Flexible and cost effective manufacturing capabilities
  • Strong financial performance with stable cash flows

About the company – Dixon Technologies India Limited

Dixon Technologies (India) Limited is an integrated end-to-end product and solution suite to original equipment manufacturers (OEMs) ranging from global sourcing, manufacturing, quality testing to packaging and logistics. It is also an original design manufacturer (ODM) of lighting products, LED TVs and semi-automatic washing machines in India. As an ODM, it develops and designs products in-house at its R&D centre. Its business involves the manufacturing and supplying of these products to well-known companies in India who help distribute these products under their own brands.

Six state-of-the-art manufacturing facilities strategically located in the states of Uttar Pradesh and Uttarakhand help meet the quality requirements of their customers, including their global brands. Out of the six manufacturing facilities, three are located in Noida, Uttar Pradesh while the other three are located in Dehradun, Uttarakhand. The backward integration process like plastic moulding, sheet metal, wound components and LED panel assembly are carried out at the manufacturing facilities in Dehradun. 

Most of its manufacturing facilities have been accredited with quality management systems and environmental management system certificates for compliance with ISO 9001-2008, ISO 14001-2004 and 14001:2015 requirements respectively. Further, few of its products are also certified to be compliant with quality standards issued by the Bureau of Indian Standards. It is now in the process of setting up a new manufacturing facility in Tirupati, Andhra Pradesh.

Objects of the issue

1. Setting up a unit for LED TV manufacturing at the Tirupati Facility;

2. Enhancement of the backward integration capabilities in the lighting products vertical at the Dehradun I Facility;

3. Repayment/pre-payment, in full or in part, of certain borrowings availed by the company

4. IT infrastructure upgrade of the company

5. General corporate purposes


How to apply Dixon Technologies India Limited IPO

Please note that as per the new SEBI regulation all public offerings (IPOs) after January 1, 2016 need to be fulfilled through the ASBA (application supported block amount) route only. These changes have altered the existing seamless online bidding process.

So, to apply to Dixon Technologies India Limited IPO, please contact your bank or demat account company.


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4.5 out of 5 stars Reviewer:adminFebruary 05, 2021