Micromax to come up with an IPO - Indian IPO Blog

Indian IPO Blog

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Tuesday, January 11, 2011

Micromax to come up with an IPO

Micromax Informatics, one of India's biggest domestic mobile handset seller, is planning to come up with an IPO of Equity Shares, which may hit the markets in the near future. The Company is awaiting a nod from market regulator Securities and Exchange Board of India (SEBI). As such, the dates and price band of the IPO are not yet available

Micromax makes its handsets through contract manufacturers in China, Taiwan and South Korea. Micromax is the biggest Indian domestic mobile handsets company and has been growing rapidly in the competitive Indian telecom market. The market share of the company stood at 6.24% for the March 2010 quarter

Stay tuned for the latest updates on Micromax Informatics IPO!

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