Apply IPO

Lets Talk About Applying IPO's Before investing.

Dixon Technologies IPO Gets SEBI Approval

Dixon Technologies IPO Gets SEBI Approval:

Dixon Technologies, a consumer electronics and lighting product manufacturer, has received market regulator Sebi’s approval. Dixon Technologies IPO can raise an estimated Rs 600 -650 crore.

This IPO will allow Motilal Oswal PE, an exit opportunity. Motilal Oswal PE invested in the company in 2008 and since then it has remained invested in Dixon,

Dixon Technologies is in the business of making printed circuit boards, LED TVs , mobile phones, washing machines , compact fluorescent and LED lamps. The company supplies to the leading companies in the industry such as Panasonic, Intex, Gionee, Godrej, Haier, Philips and Anchor.

The brand Weston is owned by the company and has manufacturing plant at Dehradun in Uttarakhand and Noida in Uttar Pradesh.

The company had filed draft papers with Sebi to float an IPO in May and got ‘observation’ from the regulator on 26 July, as per the latest update with Securities and Exchange Board of India (Sebi).

Dixon Technologies IPO comprises fresh issue of shares worth Rs60 crore and an offer for sale of up to 3,753,739 equity scrips by the existing shareholders.

According to sources, the company is targeting to raise Rs600-650 crore through the initial public offering. Proceeds from the issue will be utilised for setting up a unit for manufacturing of LED TVs at the Tirupati facility, enhancement of backward integration capabilities in the lighting products vertical at Dehradun facility and upgradation of the information technology infrastructure.

Besides, the funds will also be used for repayment of loans and for general corporate purposes.

Market Update:

If You Want to Reduce Your Brokerage By More Than 80% Just Get More Information Here: Save More Than 80% Brokerage.

Au Financiers Ltd (AUFL) IPO also able to list successfully and gave its investors over 51% listing gains.

While Salasar Techno Engineering Ltd IPO (STEL IPO) lists at over 150% gain on first day itself.

Security and Intelligence Services Ltd IPO (SIS IPO) is going to hit market from July 31, 2017 – August 02, 2017. While Cochin Shipyard Ltd IPO (CSL IPO) is also going to hit market from August 01, 2017 – August 03, 2017.

Cochin Shipyard IPO Grey Market Premium (GMP) is trading at Rs 180 – Rs 182 per equity share. While Security and Intelligence Services IPO Grey Market Premium is trading at Rs 55 – Rs 57 per equity share.

Some SME IPO will also be active in market in coming week.

This year we can see some good IPO hitting market like NSE Ltd IPOHDFC Standard life insuranceSBI life insurance IPO etc.

Keep watching this blog to keep yourself updated with all the news.

If you want all updates delivered to your email box just subscribe for the updates. We also hate spam so we are not going to share your details with anyone. So Just Subscribe and forget the tension of tracking the IPO’s. We will do it for you.

If you like to have a Chance to Win a Smart Phone just Like and share us.

Leave a Reply

Your email address will not be published. Required fields are marked *

Apply IPO © 2018