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Issue Open Date
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06-Sep-17
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Issue Closing Date
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08-Sep-17
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Application Money
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100
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Allotment Money
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Price Band
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1760
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1766
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Minimium Application No.
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8
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Issue Size (Shares)
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1188105
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Market Lot
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1
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Objective
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Objects of the Fresh IssueOur Company proposes to utilise the Net Proceeds towards funding the following objects: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 IFacility;4. Upgradation of the information technology infrastructure of our Company; and5. General corporate purposes
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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509188
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175982928
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345.614837741659
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Qualified Institutional Buyers
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679264
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91467464
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134.656722570311
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Retail Individual Investors
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1188105
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12590792
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10.5973731277959
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Business Description
SUMMARY OF BUSINESSSome of the information contained in the following discussion, including information with respect to our plansand strategies, contain forward-looking statements that involve risks and uncertainties. You should read thesection titled “Forward-Looking Statements” on page 16 for a discussion of the risks and uncertainties relatedto those statements and also the sections titled “Risk Factors” on page 18, “Financial Statements” on page 238and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” on page 337 fora discussion on certain factors that may affect our business, financial condition or results of operations. Ouractual results may differ materially from those expressed in or implied by these forward-looking statements. Ourfinancial year ends on March 31 of each year, so all references to a particular financial year/ Fiscal are to thetwelve months period ended March 31 of that year.Unless otherwise indicated, financial information included herein is based on our Restated ConsolidatedFinancial Statements included in this Red Herring Prospectus.We are the largest home-grown design-focused and solutions company engaged in manufacturing products in theconsumer durables, lighting and mobile phones markets in India (Source: Frost & Sullivan Report). Ourdiversified product portfolio includes (i) consumer electronics like LED TVs; (ii) home appliances like washingmachines; (iii) lighting products like LED bulbs and tubelights, downlighters and CFL bulbs; and (iv) mobilephones. 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 oflighting products of CFL, LED bulbs, LED TVs and semi-automatic washing machines in India. Our keycustomers 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 leadingOriginal Design Manufacturer (“ODM”) of lighting products, LED TVs and semi-automatic washing machinesin India (Source: Frost & Sullivan Report). As an ODM, we develop and design products in-house at our R&Dcentre. We manufacture and supply these products to well-known companies in India who in turn distribute theseproducts under their own brands.Our Company was incorporated in 1993 and, in 1994, we commenced manufacture of consumer electronics suchas colour televisions. In 2007, we commenced manufacturing of LCD TVs and subsequently progressed intomanufacturing of LED TVs in 2010. We entered the lighting products segment in 2008 with the manufacturing ofCFL products and gradually increased our product portfolio to LED products in 2016. In 2010, we startedmanufacturing semi-automatic washing machines. We also started providing reverse logistics services in 2008.The most recent segment that we have entered into is the manufacturing of mobile phones through a JV. Webelieve that we have continuously diversified our product portfolio to keep pace with changing consumer trendsand development in technology.
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Promoter's Holding
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Total Share Capital
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Offered to Public
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Promoter's Holding (Pre-Issue)
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Promoter's Holding (Post-Issue)
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Address |
B-14 & 15
Phase- I I
Noida,
Uttar Pradesh,
201305
Phone : 0120 4737200
Email : info@dixoninfo.com
Website : www.dixoninfo.com
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Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
105-108
Arunachal Building
19
Barakhamba Road
New Delhi
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Listed at |
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BSE, NSE
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Lead Manager |
IDFC Bank Ltd.
IIFL Holdings Ltd.
Motilal Oswal Investment Advisors Pvt Ltd
Yes Securities (India) Ltd.
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Promoters |
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Sunil Vachani
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