<p>Dixon 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).<br /><br />The IPO consists of a fresh issue aggregating Rs 60 crore and an offer for sale of up to 37.53 lakh shares.<br /><br /> 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.<br /><br /></p>
<p>Dixon 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).<br /><br />The IPO consists of a fresh issue aggregating Rs 60 crore and an offer for sale of up to 37.53 lakh shares.<br /><br /> 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.<br /><br /></p>
