MIC Electronics Board Approves Fundraising of ₹250 Crore and $15 Million via FCCBs

MIC Electronics Limited announced its board approval to raise up to ₹250 crore and $15 million via Foreign Currency Convertible Bonds (FCCBs), subject to shareholder and regulatory approvals. The initiative aims to fuel expansion, innovation, and partnerships to boost the company’s competitive edge in global markets.

MIC Electronics to Raise ₹250 Crore and $15 Million 

MIC Electronics Limited has approved a strategic plan to raise up to ₹250 crore and $15 million via FCCBs. This move reflects the company’s commitment to funding its growth initiatives, technology upgrades, and strategic collaborations. 

The proposed fundraising will provide resources to expand operations, strengthen R&D, and enhance manufacturing capabilities in the LED and semiconductor sectors.

Strategic Partnership with Chipex Technologies

Recently, MIC signed a Memorandum of Understanding (MoU) with Chipex Technologies Private Limited to jointly develop custom semiconductor solutions. This collaboration focuses on designing and developing chips tailored to MIC’s product roadmap, enabling the company to integrate co-developed silicon into its LED and electronic products. Through this alliance, MIC aims to enhance performance, energy efficiency, and supply chain reliability.

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Focus on Custom Silicon and Innovation

The partnership will allow MIC to shift from standard off-the-shelf components to custom silicon solutions, giving it greater design ownership and product differentiation. Benefits include improved system performance, long-term supply assurance, and sustainable competitiveness across its LED and telecom product lines.

About MIC Electronics

Established in 1988, MIC Electronics has been a pioneer in LED video displays, telecom software, and communication products. The Hyderabad-based company serves markets such as sports, transportation, entertainment, and public infrastructure. With ISO 9001:2008 and ISO 14001:2004 certifications, MIC continues to expand globally with a strong network across India’s major cities.

MIC Electronics Share Price Performance

On November 6, 2025, MIC Electronics share price opened at ₹52.40 on NSE, above the previous close of ₹52.39. During the day, it surged to ₹52.40 and dipped to ₹51.97. The stock is trading at ₹52.13 as of 9:18 AM. The stock registered a marginal change of -0.50%.

Over the past week, it has declined by 5.05%, over the past month, it has declined by 13.07%, and over the past 3 months, it has moved up by 3.11%.

Conclusion

MIC Electronics’ decision to raise ₹250 crore and $15 million, combined with its partnership with Chipex Technologies, marks a crucial step towards technological advancement and market leadership. By investing in custom semiconductor solutions, MIC aims to strengthen its innovation capacity and long-term growth prospects in the global LED and electronics market.

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