Business Standard

MIC Electronics Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

76.50 cr

Price Range (₹)

150

Lot Size

45

Min Investment (₹)

6,750.00

Listing Exchange

MumbaiNSE

Open Date

30-Apr-2007

Close Date

08-May-2007

Listing Date

30-May-2007

MIC Electronics Ltd News

    The Shares of MIC Electronics Ltd have now been listed.

    MIC Electronics Ltd IPO Details

    Public issue of 51,00,000 equity shares of Rs. 10 each for cash at a price of Rs.150/- per equity share aggregating to Rs.76.50 crores, (issue) comprising a fresh issue of 51,00,000 equity shares of Rs.10 each by MIC Electronics Limited (company or issuer). The issue would constitute 25.34 % of our fully diluted post issue paid-up equity capital.Issue Price is Rs.150/- per equity share of face value Rs.10/-The Issue price is 15 times of the face value

    Objective of issue

    Setting-up Addl.Facility for Manuf. of LED Boards. LED Video display sys. to be used for rental/Leasi. Products Up-gradation/Development. Design & Development of 3D Stereoscopic Displays. Market Development - Domestic & Overseas. Acquisition of Infostep Inc, USA. Augment working Capital requirements.

    MIC Electronics Ltd Contact Details

    MIC Electronics Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - cs@mic.co.in

    Website - www.mic.co.in