MIC Electronics Ltd - IPO

MIC Electronics Ltd IPO Details

Public issue of 51,00,000 equity shares of Rs. 10 each for cash at a price of Rs.150/- per equity share aggregating to Rs.76.50 crores, (issue) comprising a fresh issue of 51,00,000 equity shares of Rs.10 each by MIC Electronics Limited (company or issuer). The issue would constitute 25.34 % of our fully diluted post issue paid-up equity capital.Issue Price is Rs.150/- per equity share of face value Rs.10/-The Issue price is 15 times of the face value

Objective of issue

Setting-up Addl.Facility for Manuf. of LED Boards. LED Video display sys. to be used for rental/Leasi. Products Up-gradation/Development. Design & Development of 3D Stereoscopic Displays. Market Development - Domestic & Overseas. Acquisition of Infostep Inc, USA. Augment working Capital requirements.

MIC Electronics Ltd Contact Details

MIC Electronics Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - cs@mic.co.in

Website - www.mic.co.in