News From Press Motilal Oswal PE-backed Dixon Tech files for IPO

Motilal Oswal PE-backed Dixon Tech files for IPO

Source: VC Circle May 20, 2017

Contract electronics manufacturer Dixon Technologies Ltd, which counts Motilal Oswal as its private equity backer, on Friday filed its draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering.

The IPO comprises a fresh issue of shares worth Rs 60 crore and an offer for sale of 3.75 million shares by promoters and Motilal Oswal Private Equity (MOPE) Investment Advisors Pvt. Ltd, the private equity arm of Mumbai-listed Motilal Oswal Financial Services Ltd.

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