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MIC Electronics Limited IPO (MIC Electronics IPO) Detail

Apr 30, 2007 - May 8, 2007

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:

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 Details

IPO Opening Date Apr 30, 2007
IPO Closing Date May 8, 2007
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹129 to ₹150 per equity share
Market Lot 45 Shares
Min Order Quantity 45 Shares
Listing At BSE, NSE
Issue Size5,100,000 Eq Shares of ₹10
(aggregating up to ₹76.50 Cr)

MIC Electronics IPO Lot Size

The MIC Electronics IPO market lot size is 45 shares. A retail-individual investor can apply for up to 29 lots (1305 shares or ₹195,750).

Application Lots Shares Amount (Cut-off)
Minimum 1 45 ₹6,750
Maximum 29 1305 ₹195,750

MIC Electronics IPO Subscription Status (Bidding Detail)

The MIC Electronics IPO is subscribed 50.59 times on May 8, 2007 17:00. The public issue subscribed 31.11 in the retail category, 47.49 in the QIB category, and 106.34 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

MIC Electronics IPO Prospectus

MIC Electronics IPO Rating

175
4.0
Rating:Rated 4.0 stars
Vote Here ...

MIC Electronics IPO Listing Date

Listing Date Wednesday, May 30, 2007
BSE Script Code 532850
NSE Symbol MIC
Listing In B1 Group of Securities
ISIN INE287C01029
IPO Price ₹150 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO 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

Company Contact Information

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

MIC Electronics IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: micelectro-ipo@intimespectrum.com
Website: http://www.linkintime.co.in

MIC Electronics IPO Reviews / Ratings

  • Business Line - Apply

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 equity share. The minimum order quantity is 45 Shares.

The IPO opens on Apr 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 Apr 30, 2007 and closes on May 8, 2007.

MIC Electronics IPO lot size is 45 Shares and the minimum order quantity is 45 Shares.

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, Edelweiss, 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 Wednesday, May 30, 2007.

MIC Electronics IPO Message Board

Ranked Members  Ranked Members

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312. tanushree |Dec 21, 2007 17:14
really very goo stock
311. naveen |Aug 10, 2007 20:21
HI NIK,
dont get panic, u will get a good profit within a month.
its a good scrip, facing a bad market.
hav patience
tc
310. naveen |Aug 10, 2007 20:21
HI NIK,
dont get panic, u will get a good profit within a month.
its a good scrip, facing a bad market.
hav patience
tc
309. NIK |Jul 11, 2007 14:17
tanushree where r u please tell me should i buy mic or hold or sell
308. GANESH |Jul 9, 2007 16:17
dear tanushree please advice me. i have 100 shares at 400 . should i hold and if yes for how long?
307. mathu |Jun 18, 2007 10:28
very good, don't sell
306. tanushri |Jun 17, 2007 13:59
Sell MIC. Not a good stock to buy or hold at this price.
305. Vella |Jun 15, 2007 12:50
Please read my message no. 303. All the best investors !
304. Hemant |Jun 14, 2007 19:45
:) as it was expected our dear MIC is roaring again.. guy thi share is going to give lots of money to us..
303. tanushri |Jun 7, 2007 20:26
i agree with hemant
302. Hemant |Jun 7, 2007 19:56
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 |Jun 7, 2007 09:05
Yeh script mein abhi bhi jaan hai ! Dekho tho.......
300. krunal |Jun 6, 2007 15:56
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 |Jun 6, 2007 15:54
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 |Jun 6, 2007 12:38
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 |Jun 6, 2007 12:30
Please dont listen to tanushree...She misguides everybody..and makes her profit...today MIC went up from 365 to 400..One thing is that there is absolutely no reason when will a stock go up..
296. Tanushri |Jun 5, 2007 21:00
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 |Jun 4, 2007 22:02
Hi Tanu,
Please tell me future of MIC for this week.
294. tanushree |Jun 2, 2007 10:18
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 |Jun 1, 2007 19:59
Hi All

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