Micropro Software Solutions IPO Date, GMP, Price, Analysis and Review
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Micropro Software Solutions, Incorporated in 1988, is an IT service company specializing in Software Development, Data Processing, and Software Training. With a dedicated team of over 150 professionals, the company serves more than 4000 customers across India, the USA, UAE, and Africa. Micropro offers software solutions to government entities, PSUs, and corporate clients. It holds ISO 90001:2015 certification and designs software solutions for various industry verticals.
The company provides a range of services, including:
- IT Infrastructure Management Services.
- Server Management.
- Virtualization Services.
- Storage and Backup Management.
- Network Management.
- Security Management.
- Database Management.
- Middleware Administration.
- Data Centre Operations Management.
Objects of the Issue (Micropro Software Solutions IPO Objectives)
The company intends to utilize the funds raised through this IPO for the following purposes, with the aim of gaining the benefits of listing on the Stock Exchange:
- Meeting working capital requirements.
- Funding capital expenditure needs.
- General corporate purposes.
Micropro Software Solutions IPO Details
Micropro Software Solutions IPO is a fixed price issue with a total value of Rs 30.70 crores. The IPO consists solely of a fresh issue of 37.9 lakh shares.
IPO Date | November 3, 2023 to November 7, 2023 |
Listing Date | November 16, 2023 |
Face Value | ₹10 per share |
Price | ₹81 per share |
Lot Size | 1600 Shares |
Total Issue Size | 3,790,400 shares (aggregating up to ₹30.70 Cr) |
Fresh Issue | 3,790,400 shares (aggregating up to ₹30.70 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 10,509,000 |
Share holding post issue | 14,299,400 |
Market Maker portion | 190,400 shares |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Micropro Software Solutions IPO Reservation
Investor Category | Shares Offered |
---|---|
Retail Shares Offered | 50% of the Net issue |
Other Shares Offered | 50% of the Net issue |
Micropro Software Solutions IPO Lot Size
Investors can bid in lots of 1600 shares or higher. The table shows the minimum and maximum investments for both retail and HNI investors in shares and amounts.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1600 | ₹129,600 |
Retail (Max) | 1 | 1600 | ₹129,600 |
HNI (Min) | 2 | 3,200 | ₹259,200 |
Micropro Software Solutions Dates
Micropro Software Solutions IPO opens on November 3, 2023, and closes on November 7, 2023.
IPO Open Date | Friday, November 3, 2023 |
IPO Close Date | Tuesday, November 7, 2023 |
Basis of Allotment | Friday, November 10, 2023 |
Initiation of Refunds | Monday, November 13, 2023 |
Credit of Shares to Demat | Wednesday, November 15, 2023 |
Listing Date | Thursday, November 16, 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on November 7, 2023 |
Micropro Software Solutions Limited Financial Report
Micropro Software Solutions Limited saw a 26.32% increase in revenue and a significant 121.69% rise in profit after tax (PAT) between the financial years ending on March 31, 2023, and March 31, 2022.
Period Ended | 31 May 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
---|---|---|---|---|
Assets | 2,411.30 | 2,559.57 | 2,048.58 | 1,547.57 |
Revenue | 275.95 | 2,217.20 | 1,755.17 | 1,392.48 |
Profit After Tax | 47.65 | 592.23 | 267.14 | 129.51 |
Net Worth | 1,648.21 | 1,055.98 | 788.84 | |
Reserves and Surplus | 1,670.86 | 1,623.21 | 1,030.98 | 763.84 |
Total Borrowing | 338.03 | 397.97 | 592.05 | 437.81 |
Key Performance Indicator of Micropro Software Solutions
Micropro Software Solutions IPO Market Cap is Rs 116.48 Cr and P/E (x) is 0.34.
KPI | Values |
---|---|
P/E (x) | 0.34 |
Post P/E (x) | 40.7 |
Market Cap (₹ Cr.) | 116.48 |
ROE | 44% |
ROCE | 41% |
Debt/Equity | 0.13 |
EPS (Rs) | 5.78 |
RoNW | 35.93% |
Micropro Software Solutions IPO Promoter Holding
The promoters of the company are Mr Sanjay Yadavrao Mokashi, Mr Hitesh Dhirajlal Parikh, Mr Prashant Renukadas Rajurkar, Mrs Meenakshi Sanjay Mokashi, Mrs Shefali Hitesh Parikh, and Mrs Swati Prashant Rajurkar.
Share Holding Pre Issue | 63.40% |
Share Holding Post Issue | 46.59% |
Micropro Software Solutions Limited Contact Details
Micropro Software Solutions Limited
Plot No. 28, 702, Wing A
7th Floor, IT Park,
Gayatri Nagar, Nagpur-440022,
Phone: +91-9373693405
Email: compliance@microproindia.com
Website: http://www.microproindia.com/
Micropro Software Solutions IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/queries/
Micropro Software Solutions IPO FAQs
What is Micropro Software Solutions IPO?
Micropro Software Solutions IPO is a SME IPO of 3,790,400 equity shares with a face value of ₹10, aggregating up to ₹30.70 Crores. The issue price is ₹81 per share. The minimum order quantity is 1600 shares. The IPO is open for subscription from November 3, 2023, to November 7, 2023. The registrar for the IPO is Purva Sharegistry India Pvt Ltd, and the shares will be listed on NSE SME.
How to apply for Micropro Software Solutions IPO through Zerodha?
Zerodha customers can apply for the Micropro Software Solutions IPO online using UPI as a payment gateway. To apply, log in to Zerodha Console (back office) and complete the IPO application form.
Steps to apply for Micropro Software Solutions IPO through Zerodha:
1. Visit the Zerodha website and log in to Console.
2. Navigate to the Portfolio section and click on the IPOs link.
3. Find the ‘Micropro Software Solutions IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, quantity, and price.
5. Submit the IPO application form.
6. Visit the UPI App (net banking or BHIM) to approve the mandate.
When does the Micropro Software Solutions IPO open?
The Micropro Software Solutions IPO opens on November 3, 2023, and closes on November 7, 2023.
What is the lot size of Micropro Software Solutions IPO?
The lot size for Micropro Software Solutions IPO is 1600 shares, with a minimum amount required of ₹129,600.
How can I apply for the Micropro Software Solutions IPO?
You can apply for the Micropro Software Solutions IPO online using either UPI or ASBA as the payment method. ASBA IPO application is available through the net banking of your bank account, while UPI IPO application is offered by brokers who do not provide banking services.
When will the allotment of Micropro Software Solutions IPO be finalized?
The finalization of the Basis of Allotment for Micropro Software Solutions IPO will be completed on Friday, November 10, 2023. The allotted shares will be credited to your demat account by Wednesday, November 15, 2023.
What is the listing date for the Micropro Software Solutions IPO?
The listing date for the Micropro Software Solutions IPO has not been announced yet. The tentative date for the listing is Thursday, November 16, 2023.