MIRC Electronics Rights Issue dates are not finalized.
Founded in 1981 and headquartered in Mumbai, MIRC Electronics is widely recognized for its iconic brand, Onida. Initially established with the aim of manufacturing television sets, the company has evolved into a comprehensive consumer durables entity. Its diverse product portfolio now includes flat panel TVs (LED LCD TVs), air conditioners, washing machines, microwave ovens, refrigerators, and air coolers, among others. This transformation has enabled MIRC to become a significant player in the Indian consumer electronics market.
MIRC Electronics has made notable strides in its financial performance over the years. The company has successfully navigated challenges and competition, maintaining a strong presence in the industry. With state-of-the-art manufacturing facilities located in Wada and Roorkee, MIRC boasts a production capacity of over 3.4 million televisions and 2,40,000 washing machines annually. As of January 2025, MIRC Electronics employs a dedicated workforce of 481 employees who contribute significantly to the company’s operational success.Â
Promoters of MIRC Electronics – Gulu Mirchandani, and Vijay Mansukhani
Table of Contents
MIRC Electronics Rights Issue Details
MIRC Electronics Rights Issue Date | Coming soon |
MIRC Electronics Rights Issue Price | Coming soon |
Issue Size (in Shares) | Coming soon |
Issue Size (in INR) | INR 49.50 crore |
Issue Entitlement | equity shares for every equity shares held on record date |
Terms of Payment | Fully payable at the time of application |
MIRC Electronics Rights Issue Record Date | Coming soon |
Face Value | INR 1 per share |
Listing On | NSE, BSE |
MIRC Electronics Rights Issue Calculation
MIRC Electronics Rights Issue Price | INR per share |
Market Price on Rights Issue Approval | INR per share |
Dilution Factor (X) | |
Fair Value After Dilution at Prevailing Price | INR per share |
MIRC Electronics Financial Performance
 | FY 2022 | FY 2023 | FY 2024 |
Revenue | 1,192 | 1,110 | 968 |
Expenses | 1,179 | 1,105 | 1,014 |
Operating Margin (%) | 1.0 | 0.00 | (0.5) |
Net Income | (20.0) | (12.0) | (62.0) |
ROCE (%) | 3.0 | (1.0) | (20.0) |
All Standalone data
MIRC Electronics Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Towards working capital requirements
- General corporate purposesÂ
MIRC Electronics Rights Offer Documents
- MIRC Electronics Rights Issue Application Form
- MIRC Electronics Letter of Offer
- Board Meeting Outcome
- MIRC Electronics Draft Letter of Offer
- Rights Issue in 2024
MIRC Electronics Rights Issue Dates
Rights Issue Approval Date | Coming soon |
Rights Issue Record Date | Coming soon |
Credit of Rights Entitlement | Coming soon |
Rights Issue Opening Date | Coming soon |
Last Date for Market Renunciation | Coming soon |
Rights Issue Closing Date | Coming soon |
Finalization of Basis of Allotment | Coming soon |
Rights Allotment Date | Coming soon |
Credit Date | Coming soon |
Listing Date | Coming soon |
MIRC Electronics Rights Offer Registrar
MUFG INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
MIRC Electronics Contact Details
MIRC ELECTRONICS LIMITED
G-1, MIDC, Mahakali Caves Road, Andheri (East),
Chakala MIDC, Mumbai, Maharashtra, India – 400093
Phone:Â +91 2266975777
Email:Â [email protected]
Website:Â www.onida.com
MIRC Electronics Rights Offer FAQs
What is the MIRC Electronics Rights Issue Price?
The issue price is INR per share.
What is the Onida Rights Issue entitlement ratio?
The eligible shareholders are offered Equity Shares for every Equity Shares held on the record date.
What is the MIRC Electronics Rights Issue Record Date?
The Record date is Coming soon.
How to Apply in MIRC Electronics Rights Offer?
The best way to apply in MIRC Electronics Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.