₹49.49 Crores | Listing at BSE, NSE | Mon, Jul 14, 2025 - Mon, Jul 21, 2025
Mirc Electronics Ltd. Rights Issue comprises 4.95 Cr equity shares aggregating to ₹49.49 Cr, offered at an issue price of ₹10 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Jun 30, 2025, with the Rights Issue being offered in the entitlement ratio of 3 : 14.
The term of payment is defined as following : The full amount of Rs. 10 will be payable on the application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Jul 28, 2025.
The Rights Issue opens on Jul 14, 2025, and closes on Jul 21, 2025, with renunciation of Rights Entitlements permitted up to Jul 16, 2025.
The deemed date of allotment is Jul 28, 2025, following which the equity shares are expected to be credited to demat accounts on Aug 1, 2025 and listed at the NSE and the BSE on Aug 1, 2025.
MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Mirc Electronics Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Mon, Jun 30, 2025
Entitlement Ratio
3 : 14
Open Date
Mon, Jul 14, 2025
Close Date
Mon, Jul 21, 2025
The full amount of Rs. 10 will be payable on the application.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 56.98 | 52.93 | 70.44 |
| Revenue | 97.45 | 111.27 | 119.75 |
| Profit After Tax | -6.22 | -1.25 | -2.01 |
| Amount in ₹ Crore | |||
MIRC Electronics Ltd, also known by its brand Onida, is an Indian manufacturer of consumer electronics and home appliances. Founded on 11 July 1981, Onida has been committed to making Indian homes smarter and more comfortable. Its philosophy is reflected in pioneering features such as remote-control CRT TVs, LED displays with "I care" functionality, auto-clean air conditioners, and intuitive microwave menus.
Onida develops a wide range of products under the Onida and IGO brands:
The company has multiple plants across Maharashtra (Wada, Lote-Parshuram) and Uttarakhand (Roorkee-II).
The company has pan-India distribution through 35 warehouses, 33 branches, 208 service centres, and 41 depots.
The Company proposes to utilise the Net Proceeds to:
[Dilip Davda] This is the 2nd RI from the company since September 2014. It has skipped dividends from FY 2011-12. It has marked losses for the reported periods, though it declined for FY25. The RI is priced at a discount of approx. 30% based on its last traded price. Considering its losses and carried over deficit, the issue appears aggressively priced. There is no harm in skipping this risky bet which carries “High Risk/Low Return” tag. Read detail review...
Mirc Electronic Rights Issue 2025 got oversubscribed by 2.02 times by the end of the bidding period with total bid quantity received by BSE and NSE of 10,00,83,172 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Jul 21 2025 17:00:00 | 8,44,07,664 | 1,56,75,508 | 10,00,83,002 | 2.02x |
Mirc Electronics Ltd.
G-1, MIDC, Mahakali Caves Road
Andheri (East),
Chakala MIDC
Mumbai, 400093
The Mirc Electronic Rights Issue 2025 opens on Mon, Jul 14, 2025, and closes on Mon, Jul 21, 2025.
Mirc Electronic Rights Issue 2025 Schedule
| Last Date for credit of Rights Entitlements | Mon, Jul 7, 2025 |
| Last Date for renunciation of Rights Entitlements | Wed, Jul 16, 2025 |
| Issue Opening Date | Mon, Jul 14, 2025 |
| Issue Closing Date | Mon, Jul 21, 2025 |
| Date of Allotment (on or about) | Mon, Jul 28, 2025 |
| Date of Credit (on or about) | Fri, Aug 1, 2025 |
| Date of Listing (on or about) | Fri, Aug 1, 2025 |
You can apply for Mirc Electronic Rights Issue 2025 in two ways:
Steps to apply for Mirc Electronic Rights Issue 2025 using Net Banking (ASBA)
Steps to apply for Mirc Electronic Rights Issue 2025 using Registrar's website (R-WAP)
