Business description from prospectus – Dixon Technologies is the largest home-grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India. Our diversified product portfolio includes (i) consumer electronics like LED TVs; (ii) home appliances like washing machines; (iii) lighting products like LED bulbs and tubelights, downlighters and CFL bulbs; and (iv) mobile phones. We also provide solutions in reverse logistics i.e. repair and refurbishment services of set top boxes, mobile phones and LED TV panels. As per the Frost & Sullivan Report, we are the leading manufacturer of lighting products of CFL, LED bulbs, LED TVs and semi-automatic washing machines in India. Our 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., Dish Infra Services Private Limited.
We are a fully integrated end-to-end product and solution suite to original equipment manufacturers (OEMs) ranging from global sourcing, manufacturing, quality testing and packaging to logistics. We are also a leading Original Design Manufacturer (ODM) of lighting products, LED TVs and semi-automatic washing machines in India. As an ODM, we develop and design products in-house at our R&D centre. We manufacture and supply these products to well-known companies in India who in turn distribute these products under their own brands.
Promoters of Dixon Technologies – Sunil Vachani
Dixon Technologies IPO details | |
Subscription Dates | 6 – 8 September 2017 |
Price Band | INR1,760 – 1,766 per share |
Fresh issue | INR60 crore |
Offer For Sale | 3,053,675 shares (INR537.45 -539.28 crore) |
Total IPO size | INR597.45 – 599.28 crore |
Minimum bid (lot size) | 8 shares |
Face Value | INR10 per share |
Retail Allocation | 35% |
Listing On | NSE, BSE |
Dixon Technologies’ financial performance (in INR crore) | ||||||
FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
Total revenue | 768.0 | 1,097.1 | 1,203.1 | 1,391.2 | 2,458.3 | |
Total expenses | 763.0 | 1,084.3 | 1,185.9 | 1,352.3 | 2,389.4 | |
Profit after tax | 5.0 | 13.5 | 11.9 | 42.6 | 50.4 |
Dixon Technologies India LimitedÂ
B-14 & 15, Phase-II, Noida,
Gautam Buddha Nagar,
Uttar Pradesh 201 305
Phone:Â +91 120 473 7200Â
Fax:Â +91 120 473 7263
Email: [email protected]
Website:Â www.dixoninfo.com
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone:Â +91 40 6716 2222Â
Fax:Â +91 40 2343 1551Â
Email:Â [email protected]
Website:Â www.karvycomputershare.com
Earnings Per Share (EPS): INR46.22
Price/Earnings (P/E) ratio: 38.1 – 38.2
Return on Net Worth (RONW): 25.48%
Net Asset Value (NAV): INR179.96 per share
Dixon Technologies IPO Subscription Details
Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
Day 1 | Day 2 | Day 3 | ||
QIB | 679,264 | 0.77 | 8.92 | 134.65 |
NII | 509,188 | 0.04 | 0.30 | 345.61 |
Retail | 1,188,105 | 0.75 | 3.27 | 9.42 |
Total | 2,376,557 | 0.60 | 4.25 | 117.24 |
Dixon Technologies IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status. You can also check allotment status using application number on this link.
IPO Opening Date: 6 September 2017
IPO Closing Date: 8 September 2017
Finalisation of Basis of Allotment: 13 September 2017
Initiation of refunds: 14 September 2017
Transfer of shares to demat accounts: 15 September 2017
Listing Date: 18 September 2017
Listing Price on NSE: INR2,725 per share (up 54.3% from IPO price)
Closing Price on NSE: INR2,891.55 per share (up 63.7% from IPO price)
HIGH HIGH HIGH
AVOID AVOID AVOID
Came back to IPO market after sometime and I see this. Wonder what veterans have to say!
Do you any reason for an avoid reccomendation. This is a high ROCE and ROE and Asset Turnover company, the GMP is somewhere around 350. It may look optically high and could be fully priced but no stock today is just for a listing pop you need a stock that will give you actual wealth creation and this is one of those stocks
Any primeum Dixon technologies.
Kindly update.
450 gmp
710-720
I think Dixon IPO is much better choice than other running IPO’s better performance(profit) found in past 5years.
Bhai BrezzaRunner, I think it is much better than bharat road and matrimony.com. Old buisness but there are good profits. Pe ratio is slightly high but me thinks it is still ok than others.
First Brezza Runner and now Brezza Flyer! and they are totally different opinions…
Anyway, I think Dixon is a winner without a doubt. Even grey market is saying this.
P/E ratio is high considering average of 20-25 of listed companies.
It seems more of a assembly business than actual design. Something which can soon have competition. Profit margin is low at about 2%. It all depends on revenue growth visibility and margin improvement. Except for current year, the revenue have increased at 10% annually. I do not know about imaginary ROCE and ROE.
want to selll My apppLication at 500
I have 5 appLication
M from patna
8863805714
never trust on bihari
Bihari is always true….
I HAVE 15 APPLICATION EACH ONE 1500
Hi what’s listing price range in this case
is this Vachani belongs to earlier promoters of Weston Electronics ltd and
Weston components Ltd.
GMP would be 650 – 700.
Allotment news??
Can anyone tell me when is the allotment date of Dixon
Any update on Allotment/refund dates??
Is there any update on the IPO Allotment for Dixon technologies
Any update regarding allotment?
2 application deducted from bank of india
Any update of allotment?
I applied just one this time as I was not getting any allotment but was lucky this time!!!
Darshan bhai, you were not lucky. I’ll say you were very very lucky. Congratulations, Dixon will give good returns.
I got 8 shares.
Congratulations to you too Agarwal sir!
Hello i got dixon shares should i sale it on lisiting or i must hold that please suggest with refernce
I filled Dixon ipo through bank of Baroda ASBA.But I didn’t get share. But still my balance is lien.Any one tell me how to unblock my balance…??? please help me …..
I apply 1 lot alloted 0 Share and fund also block till date when fund realize Axis Bank
Dixon tech ipo successfully allotment.but my account balance is show lien balance..not cut my mony in my bank account..
Pre opening rate at 2600!!! Awesome…
I have not got any share nor got any refund till yet. When is the refund to be initiated.