Public issue of 51,00,000 equity shares of Rs. 10 each for cash at a price of Rs.150/- per equity share aggregating to Rs.76.50 crores, (issue) comprising a fresh issue of 51,00,000 equity shares of Rs.10 each by MIC Electronics Limited (company or issuer). The issue would constitute 25.34 % of our fully diluted post issue paid-up equity capital.Issue Price is Rs.150/- per equity share of face value Rs.10/-The Issue price is 15 times of the face value