Great, This IPO gave excellent returns : Day 1 High Rs. 2999 !!!
Listing price Estimate by Sonam Sinha,MBA Finance, Delhi ( vetted by Paresh Gordhandas Research Analyst ) as been given at Page bottom box. Please study the same.
Grey Market Report :
On 16 September at 17.00 IST :
GMP INR 750/760
About the Company:
Dixon Technologies is manufacturing products like the consumer durables, Home appliances like washing machines,Lighting products like LED bulb, tube lights, CFL bulbs etc and mobile phones markets.The Company also provide repair and refurbishment services of set top boxes, mobile phones and LED TV panels.
The company manufacture products for popular retail brands including Panasonic, Philips, Haier, Gionee, Surya Roshni, Reliance Retail, Intex Technologies, Mitashi and Dish.
The company is also a leading Original Design Manufacturer (ODM) in India. Company develop and design products in-house at its R&D facility. Its ODM business contribute over 25% of its revenue.
The Company has six manufacturing facilities located in the states of Uttar Pradesh and Uttarakhand. The company has 629 permanent employees and 4,030 contractors.
Detailed note about the Industry & about this company has been given in Page-bottom-boxes and you will find it interesting.
Sunil Vachani, 48,
Object of the IPO
The proceeds from the Offer for Sale shall be received by the Selling Shareholders and Company shall not receive any proceeds from the Offer for Sale.
2. Objects of the Fresh Issue
Company proposes to utilise the Net Proceeds towards funding mainly the following objects
1. Repayment/pre-payment, in full or in part, of certain borrowings availed by the 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 Facility
4 Upgradation of the IT infrastructure .
Issue Opens on 6th September 2017
IPO Closes on :8th September 2017
Issue Type: Book Built Issue IPO
Issue Size: Aggregating to INR 722.91 crore at upper priceband
› Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to INR 60.00 Cr
› Offer for Sale of 3,753,739 Equity Shares of Rs 10 aggregating up to INR 662.91 Cr at upper price band
Face Value: INR10 Per Equity Share
Issue Price: INR 1760- 1766 Per Equity Share
Minimum Order Quantity:8 shares
Listing At: BSE, NSE
Minimum Application Amt for RII : INR 14128
Time Schedule :
Offer Opens On: September 06, 2017
Offer Closes On: September 08, 2017
Finalisation of Basis of Allotment: On or about September 13, 2017
Initiation of refunds: On or about September 14, 2017
Credit of Equity Shares to demat accounts: On or about September 15, 2017
Commencement of trading of the Equity Shares : On or about September 18, 2017
The company has earned following EPS during last 4 years
In 13-14 Rs. 11.77
In 14-15 Rs. 10.46
In 15-16 Rs. 38.90
in 16-17 Rs. 48.85
Book Value of the share as on 31.3.2017 Rs. 179.96 based on restated consolidated statement.
IIFL Holdings ltd,
MOTILAL OSWAL INVESTMENT ADVISORS LIMITED,
Yes Securities (India) Limited
Registrar: Karvy Computershare Pvt ltd
Grey Market Trend:
On 16 September at 17.00 IST :GMP INR 750/760
On 11 September at 22.00 IST :GMP INR 650 & Kostak INR 550
On 06 September at 16.00 IST :GMP INR 600 & Kostak INR 450
On 05 September at 16.00 IST :GMP INR 600 & Kostak INR 475
On 02 September at 17.00 IST :GMP INR 450 & Kostak INR 560
On 01 September at 11.00 IST : GMP INR 500 & Kostak INR 300
on Day 3 ( on 08.09.2017 at 17.00 IST)
QIB : shares offered 679,264 : Subscribed: 134.66 T
NII : Shares offered 509188 : Subscribed : 345.61 T
RII : Shares offered 1188,105 : Subscribed : 10.60 T
Total : Shares offered :2376,557 : Subscribed : 117.83 T