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HDFC Securities IPO Note on Dixon Technologies -
HDFC Securities IPO Note on Dixon Technologies
HDFC Sec | Published: 05 Sep, 2017  | Source :

Objects of Issue:

The Offer comprises the Fresh Issue and the Offer for Sale.  DTIL  will  not receive any proceeds from the Offer for Sale.  The Company proposes to utilize the Net Proceeds towards funding the following objects:

  •     Repayment/pre-payment, in full or in part, of certain borrowings availed by DTIL.

  •     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 I Facility.

  •     Upgradation of the information technology infrastructure of DTIL; and

  •     General corporate purposes

    In addition, DTIL expects to receive the benefits of listing of the Equity Shares on the Stock.

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