Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
MIC Electronics IPO is a book built issue of Rs 76.50 crores.
MIC Electronics IPO bidding started from April 30, 2007 and ended on May 8, 2007. The shares got listed on BSE, NSE on May 30, 2007.
MIC Electronics IPO price band is set at ₹129 to ₹150 per share. The minimum lot size for an application is 45 Shares. The minimum amount of investment required by retail investors is ₹6,750.
Edelweiss Financial Services Ltd is the book running lead manager of the MIC Electronics IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to MIC Electronics IPO RHP for detailed information.
| IPO Date | April 30, 2007 to May 8, 2007 |
| Listing Date | May 30, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹129 to ₹150 per share |
| Lot Size | 45 Shares |
| Total Issue Size | 5,100,000 shares (aggregating up to ₹76.50 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 15,027,655 |
| Share holding post issue | 20,127,655 |
Investors can bid for a minimum of 45 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹6,750 |
| Retail (Max) | 29 | 1305 | ₹195,750 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 49.79% |
| Share Holding Post Issue | 37.17% |
Incorporated in 1988, MIC Electronics Limited is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment and development of Telecom software.
Business Lines
MIC's business is divided broadly into three parts:
Media Group, primarily responsible for the development, production and sales of video displays, text, graphic animation displays and display services including lease/rental of LED video walls etc.
InfoTech Group provides telecom software solutions in areas of Telecom Network Management, Telecom Switch Access and Computer Telephony domains.
Communication & Electronics Group has diversified products including the Digital Loop Carrier (DLC) on optical fibre on Synchronous Digital Hierarchy (SDH) Ring, broadband DLC for triple play (voice/video/data) applications, Code Division Multiple Access (CDMA) / Global System for Mobile Communication (GSM) based Wireless in Local Loop (WLL) terminals and phones, Hand Held Computers (HHC) with in-built GSM/CDMA modems.
| KPI | Values |
|---|---|
| RoNW | 31.57% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital to
1. Setting up additional facility for manufacture of LED Video Modules at Cherlapally, Hyderabad and Roorkee;
2. Investment in LED video display systems to be used for rental/leasing business;
3. Investment on Design & Development of 3D Stereoscopic Displays;
4. Investment on Market Development – Domestic & Overseas;
5. For acquisition of InfoSTEP Inc, USA;
6. Augment working capital requirements.
The MIC Electronics IPO is subscribed 50.59 times on May 8, 2007 5:00:00 PM. The public issue subscribed 31.11 times in the retail category, 47.49 times in the QIB category, and 106.34 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | May 30, 2007 |
| BSE Script Code | 532850 |
| NSE Symbol | MIC |
| ISIN | INE287C01029 |
| Final Issue Price | ₹150 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹150.00 |
| ₹210.25 |
| ₹210.25 |
| ₹367.80 |
| ₹335.65 |
| NSE |
|---|
| ₹150.00 |
| ₹262.50 |
| ₹253.00 |
| ₹368.00 |
| ₹338.15 |
MIC Electronics Limited
MIC Electronics Limited,
A-4/II, Electronic Complex,
Kushaiguda, Hyderabad - 500 062. A.P, India
Phone: +91 40 2712 2222
Email: secretarial@mic.co.in
Website: http://www.micelectronics.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: micelectro-ipo@intimespectrum.com
Website: https://linkintime.co.in/initial_offer/public-issues.html
MIC Electronics IPO is a main-board IPO of 5,100,000 equity shares of the face value of ₹10 aggregating up to ₹76.50 Crores. The issue is priced at ₹129 to ₹150 per share. The minimum order quantity is 45 Shares.
The IPO opens on April 30, 2007, and closes on May 8, 2007.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The MIC Electronics IPO opens on April 30, 2007 and closes on May 8, 2007.
MIC Electronics IPO lot size is 45 Shares, and the minimum amount required is ₹6,750.
You can apply in MIC Electronics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for MIC Electronics IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the MIC Electronics IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
