Dixon Technologies (India) Ltd, an agreement producer of electronic items, on Tuesday said it will be propelling its Rs600 crore first sale of stock on 6 September.
Dixon, supported by Motilal Oswal Private Equity (MOPE), gives fabricating administrations to items, for example, LED TVs, self-loader clothes washers, lighting items and cell phones.
The organization has evaluated its offers in the scope of Rs1,760-1,766 for every offer.
The IPO comprises of a new issue of offers worth Rs60 crore and an offer available to be purchased of 3.05 million offers by MOPE. At the upper end of the value band, the stake deal will give MOPE around Rs540 crore.
MOPE presently holds a 24.31% stake in the organization.
MOPE had put Rs40 crore in Dixon in July 2008 from its first private value subsidize—India Business Excellence Fund I (IBEF I).
Dixon wants to utilize the returns from the IPO for reimbursement of obligation, setting up a LED TV fabricating unit at its Tirupati office for improvement of its regressive reconciliation capacities in its lighting items vertical at its Dehradun office and for upgradation of its IT framework.
IDFC Bank Ltd, IIFL Holdings Ltd, Motilal Oswal Investment Advisors Ltd and Yes Securities (India) Ltd are dealing with the offer deal.
Dixon's customers incorporate organizations, for example, Panasonic India Pvt. Ltd, Philips Lighting India Ltd, Haier Appliance (I) Pvt. Ltd, Gionee, Surya Roshni Ltd and Reliance Retail Ltd among others.
The organization intends to grow its capacities over all its item classifications—purchaser gadgets, home apparatuses, lighting and cell phones.
"In home apparatuses, where we at present make self-loader clothes washer, we intend to begin making completely programmed machines. In cell phones, we intend to begin collecting of motherboards and in the lighting class we intend to enter road lighting, which is around 33% of the lighting market. We will likewise take a gander at sends out from our Tirupati office," said Sunil Vachani, official executive at Dixon Technologies.
Cell phones, a class that Dixon entered just a year and half back, now contribute a critical piece of the organization's income.
In the money related year 2016-17, buyer hardware (LED TVs) contributed 34% to the organization's best line, trailed by cell phones with 33% and lighting with 22% commitment to income. Home apparatuses (self-loader clothes washers) and turn around coordinations contributed 8% and 3%, individually.
The organization revealed income of Rs1,645.6 crore in money related year 2016-17, as against income of Rs1,253.6 crore in the earlier year.
It detailed a benefit of Rs46.4 crore in 2016-17 when contrasted with a benefit of Rs36.4 crore in the earlier year, as indicated by the organization's IPO documenting.
On Monday, Mint announced that few organizations including Dixon Technologies were wanting to dispatch their IPOs in September.