MIC Electronics Ltd: Trading Approval Received for 5,68,73,418 Preferential Shares
FUNDRAISE
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 08 Oct 2026, 10:45 AM IST · BSE ID: 0cb0e16d-92c0-4025-90b5-54207ade7e88
View Original BSE Filing (PDF)
💡
In Simple Terms
MIC Electronics can now trade newly issued shares on stock exchanges, completing a share swap with Neo Semi shareholders.
🤖 AI Summary
- MIC Electronics received BSE & NSE trading approval for 5,68,73,418 preferential shares.
- Shares were allotted on September 4, 2026, for non-promoters of Neo Semi SG Pte. Ltd.
- The issue price was ₹41.38 per share, totaling ₹235.14 Crore in value.
- Listing and trading became effective on October 8, 2026, with a lock-in until April 14, 2027.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Number of shares allotted
5,68,73,418
Issue price per share
₹41.38/-
Total value of preferential issue
₹235.14 Crore (approx. 5,68,73,418 shares * ₹41.38)
Paid-up equity share capital after issue
₹59,57,69,956/-
Number of equity shares after issue
29,78,84,978
Lock-in expiry
Up to April 14, 2027
🏢 How This Affects the Company
This marks the completion of the preferential share allotment, integrating Neo Semi shareholders into MIC Electronics' ownership structure.
The company's paid-up equity share capital increased to ₹59,57,69,956/- comprising 29,78,84,978 equity shares post-issue.
A lock-in period for these shares is in effect until April 14, 2027, restricting immediate trading by allottees.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from existing shareholders.
👤
Who Is Affected
Shareholders of Neo Semi SG Pte. Ltd. who received 5,68,73,418 equity shares of MIC Electronics are affected, with a lock-in until April 14, 2027.
🔍
Management Signal
Management has successfully completed the integration of Neo Semi shareholders through a preferential allotment.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Performance of MIC Electronics post-integration with Neo Semi.
Any further announcements related to Neo Semi integration or operations.
Company's financial results for subsequent quarters.
MEDIUM RISK
Completion of share swap is confirmed, but full integration impact is yet to be seen.
💡 Investor Takeaway
MIC Electronics' 5,68,73,418 preferential shares, issued at ₹41.38 each for a total of ₹235.14 Crore, have received trading approval on BSE and NSE effective October 8, 2026.
⚖️ Strengths & Concerns
✅ Positives
- Trading approval obtained for 5,68,73,418 shares, facilitating liquidity for these new securities.
- Completed preferential allotment signifies finalization of the share swap with Neo Semi SG Pte. Ltd. shareholders.
⚠️ Concerns
- A lock-in period restricts trading for the allotted 5,68,73,418 shares until April 14, 2027.
- The preferential issue was for consideration other than cash, indicating an acquisition or merger step.
📅 Company Track Record
Previously, MIC Electronics' Board approved the acquisition of Neo Semi for ₹357.60 Cr, requiring shareholder approval.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the number of shares for which MIC Electronics received trading approval?
MIC Electronics received trading approval for 5,68,73,418 equity shares allotted on a preferential basis.
What was the issue price for the preferential allotment by MIC Electronics?
The issue price for the preferential allotment was ₹41.38 per share, including a premium of ₹39.38 per share.
When was the trading approval effective for MIC Electronics' preferential shares?
The listing and trading approvals for the 5,68,73,418 equity shares became effective on Thursday, October 08, 2026.
What is the lock-in period for the shares allotted by MIC Electronics on preferential basis?
The allotted equity shares are subject to a lock-in period up to April 14, 2027.
What is the total paid-up equity share capital of MIC Electronics after this issue?
After the issue, the paid-up equity share capital of MIC Electronics is ₹59,57,69,956/- comprising 29,78,84,978 equity shares.
Questions based on this BSE filing only. For information purposes.