MIC Electronics: Trading Approval Received for 5.68 Cr Shares Post Preferential Allotment
MIC Electronics received trading approval for 5.68 crore equity shares allotted on preferential basis. The issue price was ₹41.38 per share via share swap. Shares are listed from October 08, 2026, with a lock-in until April 14, 2027. Paid-up capital increased to ₹59.58 crore.
The preferential allotment and subsequent listing of a substantial number of shares can impact the company's capital structure, ownership, and potentially its market liquidity. The 'consideration other than cash' aspect suggests a strategic transaction.
The company received the necessary trading and listing approvals for a significant preferential allotment of shares, which is a positive step for the company's capital structure and market presence.
MIC Electronics Limited has announced the receipt of trading and listing approvals from both BSE Limited and the National Stock Exchange of India Limited for 5,68,73,418 equity shares. These shares were allotted on a preferential basis for consideration other than cash, through a swap of shares with the shareholders of Neo Semi SG Pte. Ltd., Singapore.
The equity shares, each with a face value of ₹2 and an issue price of ₹41.38 (including a premium of ₹39.38), have been listed and admitted to dealings on both exchanges effective Thursday, October 08, 2026. The allotment date was September 04, 2026, and these shares will be under lock-in until April 14, 2027. Following this issue, the company's paid-up equity share capital has increased to ₹59,57,69,956, comprising 29,78,84,978 equity shares of ₹2 each.
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MIC Electronics Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by MIC Electronics Limited. Read the original for the full detail.