IPO rain: Dixon Technologies IPO comes
DSIJ Intelligence / 03 Oct 2016
It is time for an electronics manufacturer, Noida based Dixon Technologies, backed by Motilal Oswal Private Equity to get listed on the bourses this festive season. Market sources say Dixon Technologies is in talks with investment banks for an Initial Public Offerings (IPO).
It is time for an electronics manufacturer, Noida based Dixon Technologies, backed by Motilal Oswal Private Equity to get listed on the bourses this festive season. Market sources say Dixon Technologies is in talks with investment banks for an Initial Public Offerings (IPO).
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. The company may raise Rs 300 crore, say sources close to the development.
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.
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