MIC Electronics Limited IPO Message Board (Page 4)

Hi All,

MIC Electronics is listing tomorrow.

Does anyone have the latest information about the Grey
Market Premium figure?????????

2000 in 1 year is too much. I think it will definetly hit 600 in 6 months which is 99.9% sure. May be it will not touch 400 in 1 day and will remain near 300-350.

HDFC A/c got the refund on 22nd may itself.
ICICI A/c got refund on 25th may.

if you apply online through an online brokerage firm, it will be done through ECS.

If you have filed for IPO using paperwork, refund would be through cheque.

anybody get the refund other than ICICI account..???

i had applied for MIC and got nothing ,could u plz tell me by what time i will get my refund amount.

and why some people got directly in their account(online) and some got cheque???

please let me know .. :O

Thanks tanushree, so nice of u,
thanks for your logical advice.
I always read this corner becuase of u only, I am monitoring ur views all the time & checking results.
More than 90% ur assumption are quite OK.
Thanks a lot for same.
I earnd profit on ICRA bcos of ur report.
Please also tell me about future of ICRA

Hi Naveen:
If you read research of ICICIDirect they always give less prediction of listing.For Mic Electronics they have told
222 is listing price but it would not list less than 275.
Here are the icicireviews
At Rs 150 the stock commands a PE of 7.44x FY08E EPS of 20.15. Global companies in the media business such as BARCO NV and Daktronics are trading at a P/E multiple of 25 inline with Indian media companies. Further, telecom companies with similar businesses trade 15x.
So Naveen looking into daktronics which is trading at P/E of 25 and at 150 Mic P/E comes 7.44 then fair value of Mic
comes at 420-475 which it should go in few days .If you
get this stock below 300 buy this stock as even I would
buy atleast 100 shares on listing as i know it will be hovering aroung 600-700 in 1 month and may see levels of 2000 in 10-12 months as I know this business will grow so much
as I am in similar field of video display unit and also Mic has confirmed order worth 167 crore so buy this stcok as it will be great investment for you even in short term you will make profits.

Hi tanushree,
Please guide me
can i purchase MIC from secondary market,
what are its expectations for one week , short time?
Please guide.

TOP BUY:---
ASSAM COMPANY @16 EXPECTED 2 MORE CIRCUIT EXPECTED DUE TO TECHINICAL REASON.
INFOMEDIA 5% CIRCUIT EXPECTED (JUNJUNWALA PIC)(TATADON)
AREVA TARGET 1500+ IN 2W WEEKS
JSW STEEL,REL COMMUN,NDTV EXPECTED 5 % RISE IN 1 WEEK

Grey premium Rs 90/- to 110/-
Expected to open around Rs 260/-

Post - issue reviews BY ICICIDIRECT
MIC Electronics Ltd. 25 May 2007
-

P/E * Remarks

Issue Price Band Rs.129-150 6.38x-7.43x

Allotment Price Rs 150 7.43x

Listing Exchanges NSE, BSE

Expected Listing Price Rs 222 11x HOLD

Re-entry level Rs 200 10x


Long-term investors can buy at these levels

The issue was oversubscribed 50.59x.

Particulars % allocation Over subscription

Reservation for QIBs 50% 47.49x
Reservation for non-institutional investors 15% 106.33x
Reservation for retail investors 35% 31.11x

Company Background
MIC Electronics began operations in 1988 and has business in three segments – media, info-tech and communications. The media group is primarily responsible for the development, production and sales of video display, text, graphics animation displays of video walls etc. The other LED products include LED lighting applications with or without solar power and LED/LCD based 3D display systems. The info-tech division provides telecom software solutions in areas of telecom network management. The communications and electronics group covers services pertaining to application in broadband, CDMA and GSM.

Objective of the issue
The company will use the issue proceeds as follows :

Particulars Rs crore
Setting up additional facility for manufacture of LED boards 14.9
LED video display systems to be used for rental / leasing 15.05
Products Up-gradation / Development 4.2
Design & Development of 3D Stereoscopic Displays 6.5
Market Development – Domestic & Overseas 5
Acquisition of Infostep Inc., USA 9.1

Financials

The company posted a top line of Rs 104.4 crore for FY06 compared to Rs 21.19 crore for FY05, while its bottom line jumped to Rs 15.4 crore from Rs 2.14 crore. For the 6 months ending FY07, the company clocked an income of Rs 65.46 crore and posted a profit of Rs 10.89 crore. More than 30% of the income comes from the media business while the rest from telecommunications and info-tech businesses. We expect the company to post a top line of Rs 206 crore in FY07 and Rs 230 crore in FY08 with a bottom line of Rs 32.56 crore and Rs 40.5 crore in FY07 and FY08 respectively. We expect the revenues from the media segment to contribute more than 50% of the topline in FY08, which has EBIDTA margins around 30%.

At Rs 150 the stock commands a PE of 7.44x FY08E EPS of 20.15. Global companies in the media business such as BARCO NV and Daktronics are trading at a P/E multiple of 25 inline with Indian media companies. Further, telecom companies with similar businesses trade 15x.

yes we can buy shares of mic electronics on listing at price of 275-300 as this stock will surely have many buyers many N1 and FII will be interested in buying this stcok on listing day.buy this stock on opening in large quantities.very few shares available.good growth potential.even though i have not been allotted shares in ipo i will still buy this stock on opening

30th May is going to be the D-day.

Hi tarsem. Listing date is 30th May, 2007.

I am ICICI Demant A/c yesterday i got my money back. It is good to purchase share on listing day???
Pease suggest.
Thanks

please tell me the listing price of MIC, wheather I
sell on same day or hold for some period?

I applied for these shares through ICICI Demat A/C and today only I got refund. Hope others also got it today..

what is going to be the listing rate

Hi rahul,

U know Mic electronics is much more diversified.asian electronics is at 609 which will have smaller market cap than mic electronics after listing of mic.this stock will end at 420 on day 1 but will make huge highs as very less shares allotted.only 51 lakh shared worth 76 crore and 76 crore shares can be bought easily by dsp or jp morgan on day 1 itself.have a bet this stcok will hover around 2000 in 10-12 months time.

Thanks Rahul..

hi ashish....at sr no 230
Where u got the ratio of 23:50?