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MIC Electronics Limited IPO (MIC Electronics IPO) Detail

April 30, 2007 - May 8, 2007

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.

MIC Electronics IPO Details

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 Size5,100,000 shares
(aggregating up to ₹76.50 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

MIC Electronics IPO Lot Size

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

About MIC Electronics Limited

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.

Objects of the Issue (MIC Electronics IPO Objectives)

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.

MIC Electronics IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

MIC Electronics IPO Prospectus

MIC Electronics IPO Rating

Rating:Rated 4.0 stars
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MIC Electronics IPO Listing Details

Listing Date May 30, 2007
BSE Script Code 532850
NSE Symbol MIC
ISIN INE287C01029
Final Issue Price ₹150 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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MIC Electronics Limited Contact Details

MIC Electronics Limited
MIC Electronics Limited,
A-4/II, Electronic Complex,
Kushaiguda, Hyderabad - 500 062. A.P, India
Phone: +91 40 2712 2222

MIC Electronics IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

MIC Electronics IPO - Buy or Not

MIC Electronics IPO Recommendation Summary

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Members 0 0 0

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MIC Electronics IPO FAQs

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.

The MIC Electronics IPO listing date is on May 30, 2007.
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MIC Electronics IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



312. tanushree |   Link |  Bookmark |December 21, 2007 6:14:29 PM
really very goo stock
311. naveen |   Link |  Bookmark |August 10, 2007 9:21:04 PM
dont get panic, u will get a good profit within a month.
its a good scrip, facing a bad market.
hav patience
310. naveen |   Link |  Bookmark |August 10, 2007 9:21:04 PM
dont get panic, u will get a good profit within a month.
its a good scrip, facing a bad market.
hav patience
309. NIK |   Link |  Bookmark |July 11, 2007 3:17:39 PM
tanushree where r u please tell me should i buy mic or hold or sell
308. GANESH |   Link |  Bookmark |July 9, 2007 5:17:58 PM
dear tanushree please advice me. i have 100 shares at 400 . should i hold and if yes for how long?
307. mathu |   Link |  Bookmark |June 18, 2007 11:28:39 AM
very good, don't sell
306. tanushri |   Link |  Bookmark |June 17, 2007 2:59:42 PM
Sell MIC. Not a good stock to buy or hold at this price.
305. Vella |   Link |  Bookmark |June 15, 2007 1:50:20 PM
Please read my message no. 303. All the best investors !
304. Hemant |   Link |  Bookmark |June 14, 2007 8:45:44 PM
:) as it was expected our dear MIC is roaring again.. guy thi share is going to give lots of money to us..
303. tanushri |   Link |  Bookmark |June 7, 2007 9:26:31 PM
i agree with hemant
302. Hemant |   Link |  Bookmark |June 7, 2007 8:56:47 PM
Guys Dont listen to Any of these Shrees.. They have fooled us enough I sold mine NItin Fire @ 454 rs.. in day time.. otherwise i would hv suffered heavy losses if i listened to these shrees.. I think these two shrees are one Male stock broker.. who thinks that people will believe a female more than male.. so he is postig his barbs with female name.. Beware Guys.. Take your own decision with your analysis.. Listen to others but do wht your heart permits.. Thanks
301. Vella |   Link |  Bookmark |June 7, 2007 10:05:21 AM
Yeh script mein abhi bhi jaan hai ! Dekho tho.......
300. krunal |   Link |  Bookmark |June 6, 2007 4:56:18 PM
Guys Apply for MOL as it is giving at Rs 19 OF Rs1 gain will be between 7 to 11 Rs. remember Meghmani Organics Limited IPO Is verry very good to apply.
299. Tabushree |   Link |  Bookmark |June 6, 2007 4:54:43 PM
Hemant..r u american then?....nobody is fighting here..pass to understand...Its upto u to buy or sell, we can only give some expert advices based on exp..
Bottom line is nobody can predict stock market...Else anybody would be a millionare if he knows which stock will touch 20% tommorow..
298. Hemant |   Link |  Bookmark |June 6, 2007 1:38:44 PM
I fail to understand why people are fighting over here in name of tanu or tabu or anyone else.. this board is for sharing your ideas and let others make their decision on ur analysis.. This attitude of confusing ppl and making them having loss is bad charactaristic of us indians.. Very bad ppl behave urself
297. Tabushree |   Link |  Bookmark |June 6, 2007 1:30:59 PM
Please dont listen to tanushree...She misguides everybody..and makes her MIC went up from 365 to 400..One thing is that there is absolutely no reason when will a stock go up..
296. Tanushri |   Link |  Bookmark |June 5, 2007 10:00:32 PM
Now there is no reason for this stok to go up. It is fully valued at current market price. Now it can go up only by speculation.
Dont buy at these levels.
295. Naveen |   Link |  Bookmark |June 4, 2007 11:02:46 PM
Hi Tanu,
Please tell me future of MIC for this week.
294. tanushree |   Link |  Bookmark |June 2, 2007 11:18:21 AM
Naveen Mic Electronics is in business which will keep growing.Its into computer telephony,communication,LED business which will be in gr8 demand in coming years.
Regarding Monday or Tuesday it depends upon market sentiments but this stock is still a gr8 bet in ones portfolio.
There would be enough buyers if its goes 5-10 rs more down and i am sure any 1 big mutual fund hopefully reliance will go and buy this stock.if u r ready to wait for some time u will see levels of 500.
293. amit |   Link |  Bookmark |June 1, 2007 8:59:31 PM
Hi All

as per my knowledge if u buy shares on listing day will get credit on dp T + 3 third day......