Micromax Canvas Sliver 5 sports a 4.8-inch (720x1280 pixels) HD Amoled display with Corning Gorilla Glass 3 protection and runs a 64-bit 1.2GHz quad-core Qualcomm Snapdragon 410 processor coupled with 2GB of DDR3 RAM.

The Android 5.0.2 Lollipop-backed Canvas Sliver 5 features 16GB internal storage and packs an 8-megapixel autofocus rear camera and 5-megapixel front-facing shooter.

The 97 gram device will ship with a 5.1 mm thick body. The device, which has LTE support and a Sony Exmos CMOS chip-attached camera with Blue Filter, will come with an AMOLED display and will be available in two colours -- gold and black.

The phone will also sport a DiracHD audio suite that promises deeper sound and better bass. It will come with a Airtel double data package and will be backed by a DDR3 RAM and a 2,000 mAH battery for longer usage.

Micromax currently has the second largest market share in India with 18 percent following Samsung which has 22 percent according to analytics firm IDC.