MIRC Electronics Share Price Gains on Fresh ₹149.5 Crore Fundraising Plan

Market Performance

MIRC Electronics share price opened with strong momentum on Thursday, August 14, climbing up to 5% in early trade.

• On Wednesday, the stock had closed 3.27% lower at ₹26.
• Over the year so far, the share has gained 6%.
• The stock has rallied 35% this week amid positive corporate developments.

Fundraising Announcement

The board of MIRC Electronics Ltd. has approved a preferential share issue to raise ₹149.5 crore.

Key details include:

• 8.89 crore shares to be allotted at ₹16.81 per share.
• Allotment to four investors:
  • Authum Investment & Infrastructure – 7.83 crore shares
  • Vikram Kotak (HUF) – 74.5 lakh shares
  • Jamish Investment – 24 lakh shares
  • APT Real Estates – 7.99 lakh shares
• Post allotment, these investors will collectively hold around 24% stake in the company.
• The equity shares may be subject to a lock-in period.

Recent Capital-Raising Moves

This preferential issue follows other fundraising activities by the company in recent months:

• August 1, 2025 – Rights issue of 4.94 crore shares at ₹10 each.
• July 2025 – Board approved issuing secured non-convertible debentures (NCDs) worth up to ₹60 crore through private placement.

Company Overview

MIRC Electronics Ltd., known for its consumer electronics products, has been actively raising capital to strengthen its financial position and fuel growth initiatives. The latest fund infusion from strategic investors signals ongoing corporate restructuring and expansion plans.

Summary

• MIRC Electronics share price gained up to 5% on August 14 after a fresh ₹149.5 crore preferential issue announcement.
• Four investors will together acquire a 24% stake in the company post allotment.
• This is the third major fundraising step in recent months, following a rights issue and planned NCD issuance.
• The stock has delivered a 35% surge this week and a 6% YTD gain.