Contract mobile phone manufacturer Dixon prepares to launch Rs 7 billion IPO
August 14, 2017
Mobile handset contract manufacturer, Dixon Technologies is planning to launch Rs 7 billion initial public offering (IPO) in September 2017. With this move, Noida-based Dixon will become the first Indian mobile phone producer to be listed since the launch of the ‘Make in India’ programme.
The company makes consumer electronics, home appliances, washing machines, mobile phones and lighting products for a number of brands including Panasonic, Phillips, Intex and Gionee.
The funds raised through IPO will be used for setting up a new plant for LED televisions and LED bulbs at Tirupati, paying off debt and getting into new businesses.
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