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Saturday, May 05, 2007

MIC Electronics goes public

Mic Electronics ltd was promoted by Ramana rao, who had his engg graduation from Andhra Univerity, ME from PSG and PhD from JNU. Starting as a lecturer he started his entrepreneurial activties by developing moving display boards for railway stations, bus stands and became leader with LED display boards. A pioneering effort by a technocrat. For the financial year ended June 2006, the company reported revenues of 104.41 crore and a net profit of Rs 15.59 crore.
MIC Electronics Ltd is tapping the capital markets with a public issue for 51,00,000 shares at a price band of Rs 129 to Rs 150, to raise between Rs 65.79 crore and Rs 76.50 crore.

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