Last Updated-Dec 28, 2017 @ 8:20 pm

dixon technologies ipo


♦ ISSUE PERIOD : 6th Sep to 8th Sep
♦ PRICE: Rs 1760 - Rs 1766
♦ Lot Size: 8 Shares
♦ Issue Size: will be updated
♦ Listing at:  
BSE  and NSE



Dixon Technologies (India) Limited 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 (Source: Frost & Sullivan Report). Their
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. They 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, they are the leading manufacturer of lighting products of CFL, LED bulbs, LED TVs and semi-automatic washing machines in India. Their 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. Dixon Technologies (India) Limited is 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. They are also a leading Original Design Manufacturer (“ODM”) of lighting products, LED TVs and semi-automatic washing machines
in India (Source: Frost & Sullivan Report). As an ODM, they develop and design products in-house attheir R&D centre. They manufacture and supply these products to well-known companies in India who in turn distribute these products under their own brands.
Dixon Technologies (India) Limited was incorporated in 1993 and, in 1994, they commenced manufacture of consumer electronics such as colour televisions. In 2007 they commenced manufacturing of LCD TVs and subsequently progressed into manufacturing of LED TVs in 2010. They entered the lighting products segment in 2008 with the manufacturing of CFL products and gradually increased their product portfolio to LED products in 2016. In 2010, they started manufacturing semi-automatic washing machines. They also started providing reverse logistics services in 2008. The most recent segment that they have entered into is the manufacturing of mobile phones through a JV. They believe that they have continuously diversified their product portfolio to keep pace with changing consumer trends and development in technology.


1. Repayment/pre-payment, in full or in part, of certain borrowings availed by our Company;
2. Setting up a unit for manufacturing of LED TVs at the Tirupati Facility;
3. Enhancement of our backward integration capabilities in the lighting products vertical at our Dehradun I
4. Upgradation of the information technology infrastructure of our Company; and
5. General corporate purposes


Sunil Vachani is the promoter of the Company. As on the date filing the Draft Red Herring Prospectus, the Promoter held 4,830,576 Equity Shares, representing 43.97% of the pre-Offer, issued, subscribed and paid-up Equity Share  capital of the Company


Balance sheet: Consolidated (Rupees in million)

dixon technologies ipo bs

Profit and Loss: Consolidated (Rupees in million)

dixon technologies ipo pnl

Cash Flow: Consolidated (Rupees in million)

dixon technologies ipo cf


Source: DRHP


Bid Details for DIXON as on 08-Sep-2017 18:00:01 IST

Investor type Shares Reserved Bids Received(NSE+BSE) No. of times
QIBs 679264 91467464 134.66
NIIs 509188 175982928 345.61
RIIs 1188105 11877896 10.00
Total 2376557 279328288 117.53

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[Total: 9    Average: 2.9/5]


Symbol DIXON
Issue Period 06-Sep-2017 to 08-Sep-2017
Post issue Modification Period 09-Sep-2017 to 11-Sep-2017 (10.00 A.M. to 1.00 P.M.)
Issue Size Initial Public offer for Fresh Issue of Rs 600 million and an Offer for Sale of upto 30,53,675 Equity Shares
Issue Type 100% Book Building
Price Range Rs 1760 to Rs 1766
Face Value Rs 10
Tick Size Re 1
Bid Lot 8 Equity Shares and in multiples thereof
Minimum Order Quantity 8 Equity Shares
Maximum Subscription Amount for Retail Investor Rs. 2,00,000
IPO Market Timings 10.00 a.m. to 5.00 p.m.
Book Running Lead Managers IDFC Bank Limited, IIFL Holdings Limited, Motilal Oswal Investment Advisors Limited and YES Securities (India) Limited
Syndicate Members Sharekhan Limited, India Infoline Limited, Motilal Oswal Securities Limited and YES Securities (India) Limited
Categories FI, IC, MF, FII, OTH, CO, IND, NOH and EMP
Name of the Registrar Karvy Computer Share Private Limited
Address of the Registrar Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad ,Telangana 500 032, India
Contact person name number and Email id M Murali Krishna , +91 40 6716 2222, dixon.ipo@karvy.com

Source: NSE


You can check the allotment status here»
(Note: Allotment status gets updated after around 2-3 weeks of issue closure)


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