Thursday, February 22, 2018

Photo_1__2_ (1)Dixon Technologies (India) Limited (the “Company”), the largest Indian home grown design-focused and solutions company[1]and leading Original Design Manufacturer (“ODM”) of lighting products, LED TVs and semi-automatic washing machines in India will be launching its initial public offer (“IPO” or the “Offer”) which is scheduled to open on September 6, 2017 and close on September 8, 2017 with a price band of Rs. 1760 – Rs.1766 per equity share of face value of Rs. 10 each of the Company (the “Equity Shares”). The Anchor Investor Bid/Offer Period shall be September 05, 2017, being one working day prior to the Offer Opening Date.

The Offer comprises of a fresh issue of Equity Shares aggregating up to Rs 600 million by the Company and an offer for sale of up to 3,053,675 Equity Shares by Selling Shareholders. The Offer for Sale component of the Offer consists of up to 634,368 61-500x500Equity Shares by Sunil Vachani, up to 1,446,201 Equity Shares by Indian Business Excellence Fund I and up to 495,313 Equity Shares by Indian Business Excellence Fund, and up to 477,793 equity shares by Atul B. Lall, Kamla Vachani, Geeta Vaswani, Sunita Mankani and Shobha Sippy collectively.

Further, not less than 15% of the Offer will be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Offer will be available for allocation to Retail Individual Bidders, in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.

All potential Bidders, other than Anchor Investors, are requiredto mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective bank account which will be blocked by the Self Certified Syndicate Banks (“SCSBs”), to participate in the Offer.The Net Proceeds from the fresh issue component of the Offer will be utilised towards funding (i) repayment/pre-payment, in full or in part, of certain borrowings availed by the Company, (ii) setting up a unit for manufacturing of LED TVs at the Tirupati Facility, (iii) enhancement of their backward integration capabilities in the lighting products vertical at  the Dehradun I Facility, (iv) upgradation of the information technology infrastructure of the Companyand (v) general corporate purposesPhoto_1__2_ (1)IDFC Bank Limited, IIFL Holdings Limited, Motilal Oswal Investment Advisors Limited and Yes Securities (India) Limited are the Book Running Lead Managers (“BRLMs”) to the Offer. The Registrar to the Offer is Karvy Computershare Private Limited.

The Equity Shares of Dixon Technologies (India) Limited are proposed to be listed on the BSE Limitedand National Stock Exchange of India Limited.