MIC Electronics is entering the capital market with an initial public offer (IPO) of 51 lakh equity shares of Rs 10 for cash at a price to be decided through the 100% book-building process. The company has set Rs 129 to Rs 150 as price band for the IPO. The issue opens on 30 April and closes on 8 May.

MIC Electronics engaged in the design, development and production of True Colour LED video Display Systems, telecom software solutions and communication equipment such as Digital Loop Carrier on optical fibre including voice, video/data applications, and Hand Held Computers.

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