Dixon Technologies IPO

Dixon Technologies IPO

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 Limited 
B-14 & 15, Phase-II, Noida,
Gautam Buddha Nagar,
Uttar Pradesh 201 305

Phone: +91 120 473 7200 
Fax: 
+91 120 473 7263
Email:
[email protected]
Website: www.dixoninfo.com

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email:
 [email protected]
Website: 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)

Dixon Technologies IPO
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33 thoughts on “Dixon Technologies IPO

  • September 19, 2017 at 11:10 AM
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    I have not got any share nor got any refund till yet. When is the refund to be initiated.

    Reply
  • September 18, 2017 at 9:42 AM
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    Pre opening rate at 2600!!! Awesome…

    Reply
  • September 17, 2017 at 10:01 PM
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    Dixon tech ipo successfully allotment.but my account balance is show lien balance..not cut my mony in my bank account..

    Reply
  • September 17, 2017 at 4:40 PM
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    I apply 1 lot alloted 0 Share and fund also block till date when fund realize Axis Bank

    Reply
  • September 16, 2017 at 9:56 PM
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    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 …..

    Reply
  • September 15, 2017 at 10:46 AM
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    Hello i got dixon shares should i sale it on lisiting or i must hold that please suggest with refernce

    Reply
  • September 15, 2017 at 9:52 AM
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    I got 8 shares.

    Reply
    • September 15, 2017 at 10:02 AM
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      Congratulations to you too Agarwal sir!

      Reply
  • September 15, 2017 at 8:04 AM
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    I applied just one this time as I was not getting any allotment but was lucky this time!!!

    Reply
    • September 15, 2017 at 8:26 AM
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      Darshan bhai, you were not lucky. I’ll say you were very very lucky. Congratulations, Dixon will give good returns.

      Reply
  • September 14, 2017 at 10:26 PM
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    Any update of allotment?

    Reply
  • September 14, 2017 at 3:52 PM
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    Any update regarding allotment?

    Reply
    • September 14, 2017 at 4:06 PM
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      2 application deducted from bank of india

      Reply
  • September 14, 2017 at 1:46 PM
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    Is there any update on the IPO Allotment for Dixon technologies

    Reply
  • September 14, 2017 at 1:09 PM
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    Any update on Allotment/refund dates??

    Reply
  • September 14, 2017 at 11:16 AM
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    Can anyone tell me when is the allotment date of Dixon

    Reply
  • September 12, 2017 at 12:00 PM
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    GMP would be 650 – 700.

    Reply
  • September 8, 2017 at 9:05 PM
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    is this Vachani belongs to earlier promoters of Weston Electronics ltd and
    Weston components Ltd.

    Reply
  • September 8, 2017 at 1:13 PM
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    I HAVE 15 APPLICATION EACH ONE 1500

    Reply
    • September 9, 2017 at 3:33 PM
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      Hi what’s listing price range in this case

      Reply
  • September 6, 2017 at 8:40 PM
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    want to selll My apppLication at 500
    I have 5 appLication
    M from patna
    8863805714

    Reply
    • September 14, 2017 at 6:50 PM
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      never trust on bihari

      Reply
      • September 14, 2017 at 9:41 PM
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        Bihari is always true….

        Reply
  • September 5, 2017 at 5:46 PM
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    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.

    Reply
  • September 2, 2017 at 7:08 PM
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    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.

    Reply
    • September 2, 2017 at 9:02 PM
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      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.

      Reply
  • September 1, 2017 at 11:56 AM
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    I think Dixon IPO is much better choice than other running IPO’s better performance(profit) found in past 5years.

    Reply
  • August 31, 2017 at 3:38 PM
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    Any primeum Dixon technologies.
    Kindly update.

    Reply
  • August 30, 2017 at 10:28 AM
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    HIGH HIGH HIGH
    AVOID AVOID AVOID

    Came back to IPO market after sometime and I see this. Wonder what veterans have to say!

    Reply
    • August 31, 2017 at 3:39 PM
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      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

      Reply

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