Day: September 4, 2017

Bharat Road Network Limited IPO   Issue Detail:
Issue Open Date	Sept 06th , 2017	Price Band :	Rs  195/-  – Rs. 205/-
Issue Open Date	Sept 8th , 2017	Minimum Bid Qty :	73 Shares

 

Objective :

The object of the issue are:

1. Advancing of subordinate debt in form of interest free unsecured loan to their Subsidiary, STPL, for part financing of the STPL Project (“STPL Sponsor Investment”);
2. Acquisition of the subordinated debt in the form of unsecured loan s/OCPIDs/warrants/OCDs, advanced/held by SREI to STPL, KEPL and MTPL (“Identified SPVs”);
3. Benefits of listing of its Equity Shares on the Stock Exchanges; and
4. General corporate purposes.

 

Business Description :

 

Incorporated in 2006, Bharat Road Network Limited, a subsidiary of SREI Infrastructure Finance Ltd is engaged in the business of development, implementation, operation, and maintenance of roads/highways projects.

Bharat Road involved in the development, operation and maintenance of national and state highways in several states in India with projects in states of Uttar Pradesh, Kerala, Haryana, Madhya Pradesh, Maharashtra and Odisha through partnerships with experienced EPC players in the local space where the project is located.

Company offers a range of project management services, including design, engineering, and quality control, as well as engineering, processing, and construction management; and project advisory services, such as project management consultancy, project conceptualization, commissioning, and operation and management of the projects, as well as undertakes debt syndication, refinancing, and financial restructuring of its projects.

Their project portfolio consisting of six (6) BOT Projects, of which two (2) are Projects operational under Final COD, three (3) are Projects operational under Provisional COD and one (1) is a Project under Construction.

Company Promoters:

1. Srei Infrastructure Finance Limited (“SREI”)
   2. Make in India Fund

Company Financials:

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	12,323.91	8,368.03	6,289.65	5,159.45	3,277.50
Total Revenue	149.28	42.52	414.88	96.40	30.59
Profit After Tax	(738.85)	(925.44)	(264.22)	(607.61)	(168.77)

 

Company Contact Information :

Bharat Road Network Limited
 Mirania Gardens,
 10B/1, Topsia Road (East),
 Kolkata � 700 046
 Phone: +91 33 4409 9140
 Fax: +91 33 6602 3243
 Email: corporate@brnl.in
 Website: http://www.brnl.in

IPO Registrar :

Karvy Computershare Private Limited   »  Report
    Karvy House, 46, Avenue 4, Street No. 1,
    Banjara Hills, Hyderabad - 500 034
    Andhra Pradesh, India
 
 Phone: +91-40-23312454
 Fax: +91-40-23311968
 Email: brnl.ipo@karvy.com
 Website: http://karisma.karvy.com

IPO Lead Manager(s) :

1. INGA Capital Pvt Ltd
2. Investec Capital Services (India) Pvt Ltd

Dixon Technologies (India) Limited IPO (Dixon IPO) Detail Issue Detail:
Issue Open Date	Sept 6th , 2017	Price Band :	Rs 1760 – Rs 1766
Issue Open Date	Aug 8th , 2017	Minimum Bid Qty :	8

 

Objective :

The Offer consists of a Fresh Issue and an Offer for Sale by the Selling Shareholders.

1. The Proceeds from the Offer for Sale
   The proceeds from the Offer for Sale shall be received by the Selling Shareholders and Company shall not receive any proceeds from the Offer for Sale.
2. Objects of the Fresh Issue
   Company proposes to utilise the Net Proceeds towards funding the following objects:
3. Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company;
   B. Setting up a unit for manufacturing of LED TVs at the Tirupati Facility;
   C. Enhancement of our backward integration capabilities in the lighting products vertical at our Dehradun I Facility;
   D. Upgradation of the information technology infrastructure of the Company; and
   E. General corporate purposes.

 

Business Description :

 

Incorporated in 1993, Dixon Technologies is engaged in manufacturing products in the consumer durables, lighting and mobile phones markets. The product portfolio of Dixon include:

1. Consumer electronics like LED TVs
   2. Home appliances like washing machines
   3. Lighting products like LED bulb, tube lights, CFL bulbs etc.
   4. Mobile phones

Company also provide repair and refurbishment services of set top boxes, mobile phones and LED TV panels.

Dixon is leading manufacturer of lighting products of CFL, LED bulbs, LED TVs and semi-automatic washing machines in India. Dixon manufacture products for popular retail brands including Panasonic, Philips, Haier, Gionee, Surya Roshni, Reliance Retail, Intex Technologies, Mitashi and Dish.

Dixon is also a leading Original Design Manufacturer (ODM) in India. Company develop and design products in-house at its R&D facility. The ODM business contribute over 25% of its revenue.

Company have six manufacturing facilities located in the states of Uttar Pradesh and Uttarakhand. Company has over 629 permanent employees and 4,030 contractors.

Competitive Strengths :

 

1. Leading market position in key verticals (Manufacturing of TVs, washing machines, LED and CFL lights)
   2. Strong relationships with a diverse top-tier customer base (Global & National Brands and Domestic retail private labels)
   3. End to end solutions provider with dedicated research and development capabilities (R&D, Global sourcing, Backward integration, Reverse Logistics)
   4. Flexible and cost-effective manufacturing capabilities
   5. Strong Financial Performance and stable cash flows

Company Promoters:

Sunil Vachani, 48, is the promoter of the Company. He has 43.97% pre-offer holding in the company. He is the Executive Chairman of Dixon.Company Financials:

Company Financials:

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	5,078.93	3,276.76	2,831.13	2,677.00	2,594.41
Total Revenue	16,456.62	12,536.54	11,168.18	10,650.15	7,262.33
Profit After Tax	464.81	364.00	98.13	109.65	19.33

Company Contact Information :

Dixon Technologies (India) Limited
 B-14 & 15, Phase-II,
 Noida,
 Gautam Buddha Nagar, 201 305
 Phone: +91 120 473 7200
 Fax: +91 120 473 7263
 Email: investorrelations@dixoninfo.com
 Website: http://www.dixoninfo.com/

IPO Registrar : 

Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com

IPO Lead Manager(s) :

1. IDFC Bank Limited
2. IIFL Holdings Limited
3. Motilal Oswal Investments Advisors Pvt Ltd
4. Yes Securities (India) Limited