During a press event, the company hinted about the new gadget on the sidelines of Micromax's foray in the Russia market.

If rumours are to be believed, Canvas Tube A11R will have a 5.5-inch IPS screen and ship with v4.2.2 Jelly Bean OS out-of-the-box.

Moreover, it may have a 1.2GHz quad-core processor, 32GB inbuilt storage (expandable), an 8.0-megapixel camera with auto focus feature, 2.0-megapixel snapper on the front and a 2300 mAh battery, sources said.

The industry insiders say the new Micromax phablet may be released in Russia in the coming weeks. However, there is no final word from the company as yet.

The company has also remained silent on the launch of this device in India.