Dixon IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 06/09 - 08/09
Issue Size ₹600.00 Cr
Issue Price ₹1760-1766
Market Lot 8 Shares
Shares on Offer 3,053,675
Registrar
GMP N/A
Kostak ₹450
Subject to Sauda N/A
Listing Date 18/09
Listing Price ₹2725
Listing Gain% 54.30

About Dixon Technologies (India) Limited IPO

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. 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 provides solutions in reverse logistics i.e. repair and refurbishment services of set top boxes, mobile phones and LED TV panels. *Source: Project Rise: Indian Consumer Electronics & Appliances Market Study, issued by Frost & Sullivan India Private Limited.

They are 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 an 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 its 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.

They have six state-of-the-art manufacturing facilities which are strategically located in the states of Uttar Pradesh and Uttarakhand meeting the quality requirements of our customers, including global brands. Out of our six manufacturing facilities, three are located in Noida in the state of Uttar Pradesh and manufacture CFL as well as LED lamps and drivers and mobile phones, while the other three are located at Dehradun in the state of Uttarakhand and manufacture CFL as well as LED lamps and drivers, electronic ballasts, LED TVs and washing machines. Our backward integration process like plastic moulding, sheet metal, wound components and LED panel assembly are carried out at the manufacturing facilities in Dehradun. Most our manufacturing facilities have been accredited with quality management systems and environmental management systems certificates for compliance with ISO 9001-2008, ISO 14001-2004 and 14001:2015 requirements respectively. Further, few of our products are also certified to be compliant with quality standards issued by the Bureau of Indian Standards. We are in the process of setting up a new manufacturing facility in Tirupati, Andhra Pradesh.

Their Promoter and Chairman, Sunil Vachani has been awarded the ‘Man of Electronics’ award by CEAMA in the 2015, the “Outstanding Citizen Award 2012” by the Sindhi Chamber of Commerce and one of the “Top 100 people influencing EMS” in 2012 by ventureoutsource.com. He has held positions like chairman of the Electronics and Computer Software Export Promotion Council of India and Co-Chair of the CII ICTE Committee and is currently the vice president of CEAMA. Atul B. Lall, our Managing Director, has been associated with our Company since inception and has more than 25 years’ experience in the EMS industry. He has served as a member of the Technical Evaluation Committee for Electronic Manufacturing Services under M-SIPS (Electronic Manufacturing Services-EMS) constituted by the DeitY and served as a representative of ELCINA on the Committee for Reliability of Electronic and Electrical Components and Equipment (LITD. 02) of the BIS.

Their principal business is providing one-stop-shop solutions to companies in the consumer durables, lighting, mobile phones industry in India. We offer integrated design and manufacturing solutions for local and internationally recognised consumer durables, home appliances, lighting and mobile phones brands. We have the ability to manufacture most of these products from the concept and design stage till the final delivery thereby covering the entire value chain.

Having extensive experience in developing new designs, integrating latest technologies, efficiently utilising our manufacturing facilities, equipment and materials across the verticals of consumer durables, lighting and mobile phones, we are able to constantly improve our product offerings, structure and functional design so as to meet our customers’ needs.

They offer end to end product solutions under two business models, i.e., the OEM and ODM. Under the OEM model, we provide services ranging from global sourcing, manufacturing, quality testing and packaging to logistics to OEMs across our product verticals. Under the ODM model, we develop and design products in-house at our R&D centre and then undertake manufacture and supply of these products to companies in India who in turn distribute these products under their own brands.

Company Financials

Particulars 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets (In ₹ Millions) 5,078.93 3,276.76 2,831.13 2,677.00 2,594.41
Total Revenue (In ₹ Millions) 16,456.62 12,536.54 11,168.18 10,650.15 7,262.33
Profit After Tax (PAT) (In ₹ Millions) 464.81 364.00 98.13 109.65 19.33

Dixon Technologies (India) Limited IPO IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - Sep 06,2017 1.34 0.04 0.78 0.78
Day 2 - Sep 07,2017 8.93 0.31 3.27 4.25
Day 3 - Sep 08,2017 134.66 345.61 10.60 117.83

Allotment Status

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IPO Allotment Status

Dixon Technologies (India) Limited IPO IPO FAQs

  1. When will Dixon Technologies (India) Limited IPO IPO open?

    Dixon Technologies (India) Limited IPO IPO will open on 06/09 and close on 08/09.

  2. What is the listing date of Dixon Technologies (India) Limited IPO IPO?

    Dixon Technologies (India) Limited IPO IPO will list on 18/09.

  3. What is the offer price of Dixon Technologies (India) Limited IPO IPO?

    The offer price of Dixon Technologies (India) Limited IPO IPO is ₹1760-1766.

  4. What is the lot size of Dixon Technologies (India) Limited IPO IPO?

    The lot size of Dixon Technologies (India) Limited IPO IPO is 8.

  5. What is the Grey Market Premium (GMP) price of Dixon Technologies (India) Limited IPO IPO?

    The Grey Market Premium (GMP) price of Dixon Technologies (India) Limited IPO IPO is Not Available at the moment.

  6. What is the Kostak price of Dixon Technologies (India) Limited IPO IPO?

    The Kostak price of Dixon Technologies (India) Limited IPO IPO is ₹450.

  7. What is the Subject to Sauda price for Dixon Technologies (India) Limited IPO IPO?

    The Subject to Sauda price for Dixon Technologies (India) Limited IPO IPO is Not Available at the moment.

Dixon Technologies (India) Limited IPO IPO Review/Comments

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