Dixon Technologies (India) IPO
Dixon Technologies (India) IPO — date, price band, lot size & details 2017
Dixon Technologies (India) listed on 18 Sep 2017 at ₹2,725, 54.3% above the ₹1,766 issue price.
Dixon Technologies (India) makes consumer durables, lighting products and mobile phones for brands, and provides repair and refurbishment services. Its total income was Rs 1,645.66 crore in FY2017.
Stock price
Dixon Technologies (India) is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 06 Sep 2017
- Close 08 Sep 2017
- Allotment 13 Sep 2017
- Refund/credit 14 Sep 2017
- Listing 18 Sep 2017
Issue summary
The terms of the offer, as filed.
| IPO Dates | 6 to 8 Sep, 2017 |
|---|---|
| Price Band | ₹1760 – ₹1766 |
| Face Value | ₹10 |
| Lot Size | 8 Shares |
| Issue Size | ₹599.28 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,128 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 8 shares at the ₹1766 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 8 | ₹14,128 |
| Retail (max) | 14 | 112 | ₹1,97,792 |
| S-HNI (min) | 15 | 120 | ₹2,11,920 |
| S-HNI (max) | 70 | 560 | ₹9,88,960 |
| B-HNI (min) | 71 | 568 | ₹10,03,088 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 1,116.82 crore in FY2015 to Rs 1,645.66 crore in FY2017.
- 02Profit after tax rose from Rs 9.81 crore in FY2015 to Rs 46.48 crore in FY2017.
- 03Total borrowing fell from Rs 67.70 crore in FY2016 to Rs 42.87 crore in FY2017.
- 04Net worth rose from Rs 81.44 crore in FY2015 to Rs 190.49 crore in FY2017.
Risks · 5
- 01Profit after tax was Rs 46.48 crore on income of Rs 1,645.66 crore in FY2017, so margins are thin.
- 02As a contract maker it depends on brand customers' orders, which can move to rivals; total assets were Rs 507.89 crore.
- 03Electronics products change fast, and older lines such as CFLs can fade; Rs 8.86 crore was for lighting integration.
- 04Rs 539.28 crore of the Rs 599.28 crore issue went to selling shareholders.
- 05The promoter held only 46.2% before the issue and 38.93% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Dixon Technologies (India) offer document.
| Metric | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|
| Assets | 507.89 | 327.68 | 283.11 |
| Total Income | 1,645.66 | 1,253.65 | 1,116.82 |
| Profit After Tax | 46.48 | 36.40 | 9.81 |
| NET Worth | 190.49 | 113.24 | 81.44 |
| Reserves and Surplus | 179.51 | 108.15 | 76.42 |
| Total Borrowing | 42.87 | 67.70 | 63.28 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹56.58 Cr of the issue is earmarked to named objects.
About the company
Its products include LED TVs, washing machines, LED bulbs, tube lights, CFL bulbs and mobile phones.
It also provides repair and refurbishment services for set top boxes and mobile phones.
The IPO was Rs 599.28 crore, with Rs 60.00 crore of fresh issue and Rs 539.28 crore of offer for sale, at Rs 1,766, the top of the Rs 1,760 to Rs 1,766 band. The fresh money was for repaying debt, an LED TV unit at Tirupati, backward integration in lighting and IT upgrades.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Dixon Technologies (India) IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Motilal Oswal Investment Advisors
78 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: R K Swamy (-13.2%).
IIFL Capital Services Limited
145 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: ICICI Securities (-16.3%).
IDFC Bank Ltd
10 issues handledBest listing: Amber Enterprises India (+36.8%). Weakest: New India Assurance (-6.3%).
YES Securities (India) Ltd
20 issues handledBest listing: IRCTC (+95.6%). Weakest: Bharat Dynamics (-13.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Dixon Technologies (India)?
The current Grey Market Premium is ₹690, or 39% over the issue price.
What is the Dixon Technologies (India) IPO price band?
₹1760 to ₹1766, on a face value of ₹10.
When is the allotment?
The basis of allotment is 13 September 2017, with listing on 18 September 2017.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
