MIRC Electronics Rights Issue dates 14 – 21 July 2025.
Founded in 1981 and headquartered in Mumbai, MIRC Electronics is widely recognized for its iconic brand, Onida. Initially established to manufacture 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.
Promoters of MIRC Electronics – Gulu Mirchandani and Vijay Mansukhani
Table of Contents
MIRC Electronics Rights Issue Details
| MIRC Electronics Rights Issue Date | 14 – 21 July 2025 |
| MIRC Electronics Rights Issue Price | INR 10 per share |
| Issue Size (in Shares) | 4,94,89,847 shares |
| Issue Size (in INR) | INR 49.49 crore |
| Issue Entitlement | 3 equity shares for every 14 equity shares held on the record date |
| Terms of Payment | Fully payable at the time of application |
| MIRC Electronics Rights Issue Record Date | 30 June 2025 |
| Face Value | INR 1 per share |
| Listing On | NSE, BSE |
MIRC Electronics Rights Issue Calculation
| MIRC Electronics Rights Issue Price | INR 10 per share |
| Market Price on Rights Issue Approval | INR 15.74 per share |
| Dilution Factor (X) | 1.21 |
| Fair Value After Dilution at Prevailing Price | INR 14.73 per share |
MIRC Electronics Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 1,110 | 968 | 747 |
| Expenses | 1,105 | 1,014 | 739 |
| Operating Margin (%) | 0.00 | (0.5) | 1.0 |
| Net Income | (12.0) | (62.0) | (2.0) |
| ROCE (%) | (1.0) | (20.0) | 5.0 |
*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 purposes
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 | 24 June 2025 |
| Rights Issue Record Date | 30 June 2025 |
| Credit of Rights Entitlement | 7 July 2025 |
| Rights Issue Opening Date | 14 July 2025 |
| Last Date for Market Renunciation | 16 July 2025 |
| Rights Issue Closing Date | 21 July 2025 |
| Finalization of Basis of Allotment | 28 July 2025 |
| Rights Allotment Date | 28 July 2025 |
| Credit Date | 1 August 2025 |
| Listing Date | 1 August 2025 |
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 10 per share.
What is the Onida Rights Issue entitlement ratio?
The eligible shareholders are offered 3 equity shares for every 14 equity shares held on the record date.
What is the MIRC Electronics Rights Issue Record Date?
The Record date is 30 June 2025.
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 and deposit the same to your broker.