Archive · 5 Nov 2025
MIC Electronics Approves ₹250 Crore Fundraise Via QIP
A company called MIC Electronics is planning to get more money to help it grow.
They are going to ask big investors to buy special stocks called QIPs to raise 250 crore rupees.
They also plan to get up to $15 million by selling special bonds that can turn into stocks.
The company's leaders met on November 5, 2025, to approve these plans.
They also set a meeting for shareholders on December 1, 2025, to get their final approval.
Even though the stock price went down recently, it has grown a lot over the last five years.
The company is worth over a thousand crore rupees.
MIC Electronics' board has approved a Qualified Institutional Placement (QIP) to raise up to ₹250 crore.
The company will also raise funds by issuing Foreign Currency Convertible Bonds (FCCBs) up to $15 million.
An Extraordinary General Meeting (EGM) is scheduled for December 1, 2025, to seek shareholder approval for the fundraising.
MIC Electronics is a small-cap stock that has seen a significant rally of 1,836% over five years, despite recent price declines.
The stock has a market capitalization of ₹1,272 crore.
- Who
- MIC Electronics
- What
- Board approved fundraising proposals including ₹250 crore via QIP and up to $15 million via FCCBs, and finalized details for an extraordinary general meeting (EGM).
- When
- November 5, 2025 (board meeting), December 1, 2025 (EGM)
- Where
- India
- Why
- To raise capital through various financial instruments.
- Company
- MIC Electronics
- Fundraising Method
- Qualified Institutional Placement (QIP)
- Amount to be Raised (QIP)
- ₹250 crore
- Additional Fundraising Method
- Foreign Currency Convertible Bonds (FCCBs)
- Amount to be Raised (FCCBs)
- $15 million
- Extraordinary General Meeting (EGM) Date
- December 01, 2025
- Market Capitalisation
- ₹1,272 crore