MIRC Electronics Limited has informed the Exchange about Copy of Newspaper Publication
MIRCELECTR · price
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MIRC Electronics Limited (Onida brand) has published newspaper advertisements as required under SEBI ICDR Regulation 92, disclosing the completion of its Rights Issue. The company issued 4,94,89,847 equity shares at Rs. 10 each (Rs. 1 face value + Rs. 9 premium), totalling approximately Rs. 49.49 crores, in the ratio of 2 rights shares for every 14 held. The issue opened on July 14, 2025 and closed on July 21, 2025. It was subscribed at 199.52%, with 6,934 valid applications received for 9,87,42,912 shares against the offered quantity. Allotment was finalized on July 30, 2025 and approved on August 1, 2025, with shares credited to demat accounts on August 5, 2025. Trading of the new shares on BSE and NSE is expected to commence from August 7, 2025.
The rights issue was oversubscribed nearly 2x, indicating strong investor demand. Successful allotment and imminent listing of new shares (worth ~Rs. 49.5 crores) will increase the equity base and trading volume, but may also lead to short-term dilution for existing shareholders.