JOIN USDixon Technologies India, a consumer electronics and lighting product manufacturer for global and Indian brands, has filed its draft red herring prospectus (DRHP) with the market regulator Sebi for its initial public offering (IPO).
The IPO consists of a fresh issue aggregating Rs 60 crore and an offer for sale of up to 37.53 lakh shares.
The IPO proceeds from the fresh issue will be utilised for repayment/pre-payment, in full or in part, of certain borrowings availed by the company, 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 and general corporate purposes, a release said.