Bookbuilding IPO | ₹77 Cr | Listed at BSE, NSE | Mon, Apr 30, 2007 - Tue, May 8, 2007
MIC Electronics IPO is a book build issue of ₹76.50 crores. The issue is entirely a fresh issue of 0.51 crore shares of ₹76.50 crore.
MIC Electronics IPO bidding started from Apr 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 ₹150 per share. The lot size for an application is 45. The minimum amount of investment required by an retail is ₹6,750 (45 shares) (based on upper price). The lot size investment for sNII is 30 lots (1,350 shares), amounting to ₹2,02,500, and for bNII, it is 149 lots (6,705 shares), amounting to ₹10,05,750.
Edelweiss Financial Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to MIC Electronics IPO RHP for detailed Information.
IPO Open
Mon, Apr 30, 2007
IPO Close
Tue, May 8, 2007
Issue Price
₹150 per share
Market Cap (Pre-IPO)
₹301.91 Cr
| IPO Date | 30 Apr to 8 May, 2007 |
| Listed on | Wed, May 30, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹129 to ₹150 |
| Issue Price | ₹150 per share |
| Lot Size | 45 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 51,00,000 shares (agg. up to ₹77 Cr) |
| Fresh Issue | 51,00,000 shares (agg. up to ₹77 Cr) |
| Share Holding Pre Issue | 1,50,27,655 shares |
| Share Holding Post Issue | 2,01,27,655 shares |
| BSE Script Code / NSE Symbol | 532850 / MIC |
| ISIN | INE287C01029 |
MIC Electronics IPO comprises a total issue size of 51,00,000 shares. Out of which, 25,50,000 (50.00%) are allocated to QIB, 7,65,000 (15.00%) allocated to NII 17,85,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 25,50,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 7,65,000 | 15.00% | NA |
| Retail Shares Offered | 17,85,000 | 35.00% | 39,666 |
| Total Shares Offered | 51,00,000 | 100.00% |
Investors can bid for a minimum of 45 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹6,750 |
| Retail (Max) | 29 | 1,305 | ₹1,95,750 |
| S-HNI (Min) | 30 | 1,350 | ₹2,02,500 |
| S-HNI (Max) | 148 | 6,660 | ₹9,99,000 |
| B-HNI (Min) | 149 | 6,705 | ₹10,05,750 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up additional facility for manufacture of LED boards | 14.90 |
| 2 | LED video display systems to be used for rental / leasing | 15.05 |
| 3 | Products Up-gradation / Development | 4.20 |
| 4 | Design & Development of 3D Stereoscopic Displays | 6.50 |
| 5 | Market Development – Domestic & Overseas | 5.00 |
| 6 | Acquisition of Infostep Inc., USA | 9.11 |
| 7 | Augment working capital requirements | 24.42 |
| 8 | Meet the expenses of the issue | 7.07 |
| KPI | |
|---|---|
| RoNW | 31.57% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 49.79% | 37.17% |
| Market Cap | ₹301.91 Cr. |
The MIC Electronics IPO is subscribed 50.59 times on May 8, 2007 5:00:00 PM (Day 5). 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) | Shares Offered | Shares bid for |
|---|
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹150.00 | ₹150.00 |
| Open | ₹210.25 | ₹262.50 |
| Low | ₹210.25 | ₹253.00 |
| High | ₹367.80 | ₹368.00 |
| Last Trade | ₹335.65 | ₹338.15 |
Lead Manager Reports
MIC Electronics IPO is a main-board IPO of 51,00,000 equity shares of the face value of ₹10 aggregating up to ₹77 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 45.
The IPO opens on Mon, Apr 30, 2007, and closes on Tue, May 8, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in MIC Electronics IPO using UPI as a payment gateway. Zerodha customers can apply in MIC Electronics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in MIC Electronics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The MIC Electronics IPO opens on Mon, Apr 30, 2007 and closes on Tue, May 8, 2007.
MIC Electronics IPO lot size is 45, and the minimum amount required for application is ₹6,750.
You can apply in MIC Electronics IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Wed, May 30, 2007.
