MIRC Electronics Rights Issue Dates, Price, Allotment, Entitlement

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MIRC Electronics Rights Issue

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. 

Onida Rights Issue entitlement ratio

Promoters of MIRC Electronics – Gulu Mirchandani, and Vijay Mansukhani

MIRC Electronics Rights Issue Details

MIRC Electronics Rights Issue DateComing soon
MIRC Electronics Rights Issue PriceComing soon
Issue Size (in Shares)Coming soon
Issue Size (in INR)INR 49.50 crore
Issue Entitlementequity shares for every equity shares held on record date
Terms of PaymentFully payable at the time of application
MIRC Electronics Rights Issue Record DateComing soon
Face ValueINR 1 per share
Listing OnNSE, BSE

MIRC Electronics Rights Issue Calculation

MIRC Electronics Rights Issue PriceINR per share
Market Price on Rights Issue ApprovalINR per share
Dilution Factor (X)
Fair Value After Dilution at Prevailing PriceINR per share

MIRC Electronics Financial Performance

 FY 2022FY 2023FY 2024
Revenue1,1921,110968
Expenses1,1791,1051,014
Operating Margin (%)1.00.00(0.5)
Net Income(20.0)(12.0)(62.0)
ROCE (%)3.0(1.0)(20.0)
Figures in INR Crores unless specified otherwise
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 purposes 

MIRC Electronics Rights Offer Documents

MIRC Electronics Rights Issue Dates

Rights Issue Approval DateComing soon
Rights Issue Record DateComing soon
Credit of Rights EntitlementComing soon
Rights Issue Opening DateComing soon
Last Date for Market RenunciationComing soon
Rights Issue Closing DateComing soon
Finalization of Basis of AllotmentComing soon
Rights Allotment DateComing soon
Credit DateComing soon
Listing DateComing 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: +91 810 811 4949
Email: [email protected]
Website: 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: +91 2266975777
Email: 
[email protected]
Website:
 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.

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