25 Apr 07 MIC Electronics Limited IPO details and analysis
MIC Electronics is all set to tap the Indian capital market with an initial public offer (IPO) opening on April 30, 2007 and ending on May 08, 2007. MIC Electronics will issue 51 lakh fresh equity shares of face value Rs. 10 each for cash at a price which will be decided through the book building process. MIC Electronics Limited has set Rs. 129 to Rs. 150 as price band for the IPO.
MIC Electronics Limited IPO details
| Symbol | MIC | ||
| IPO Period | April 30, 2007 to May 08, 2007 | ||
| IPO Issue Size | 51,00,000 Fresh Equity Shares | ||
| IPO Issue Type | 100% Book Building | ||
| Face Value | Rs. 10 | ||
| IPO Price Band | Rs.129  to Rs.150 | ||
| Market Lot | 45 shares | ||
| Minimum Order Quantity | 45 shares | ||
| Book Running Lead Manager | Edelweiss Capital Ltd. | ||
| Syndicate Member | Edelweiss Securities Pvt. Ltd. | ||
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how will i get shares? Is there any availabilty in kerala, kannur?
Hi,
For buying any IPO or shares in the market one should apply through share brokers. These brokers are having account with Share Participants.
Share/IPO are traded in BSE and NSE but any one can apply for IPO or share and he will get if allotted. If not allotted the money will be returned to the applicant. If you are alloted some IPO or Shares, depending on the current market prices you can sell/retain as you wish.
But if you want to deal with shares very often, it is better to open an demat account with DP like ICICI bank instead of brokers. These online share account gives you flexibility/easy accessbility and in your control. No need to write cheque, running to brokers, etc. You can do whatever u want online itself. Visit ICICIdirect.com for mor detail
Henry
Hi,
I have Demat account but I want to apply for this IPO by cheque and not by online fund transfer.
Please tell me how can I apply for that?
Hello Rahul, You can apply by cheque using the application form. Just take the MIC Electronics IPO application form, fill it up, include the details of ur demat account and submit the application along with the cheque.
When can we expect the listing of MIC electronics on BSE or NSE ?
The probable listing/trading dates are not mentioned in the prospectus.
Is MIC electronics IPO over subscribed ?
Hi Ramana…MIC Electronics has been oversubscribed by about 50 times. Retail has been oversubscribed by about 25 times. Very low chances of allotment. Good luck!
Mic Electronics is likely to list in the last week of May.
from which site can i get the application form for shares??