Micropro Software Solutions IPO Details ( Micropro Software Solutions Limited IPO Review )
(3 Nov 2023 – 7 Nov 2023)
Micropro Software Solutions was founded in 1988, and it’s an IT service company. They do things like creating software, handling data, and teaching people about software. They have a tech team with over 150 experts. They help more than 4,000 customers in countries like India, the USA, UAE, and Africa. They also make software for the government, public sector companies, and big businesses. Micropro is certified as an ISO 90001:2015 company, and they make software for lots of different industries.
Micropro Software Solutions Limited Company Services
- IT Infrastructure Management Services
- Server Management
- Virtualization Services
- Storage and Backup Management
- Network Management
- Security Management
- Database Management
- Middleware Administration
- Data Centre Operations Management
Micropro Software Solutions Limited IPO Competitive Strength
- Long-standing client relationships
- Track record of financial performance and consistent growth
- Experienced Board and Senior Management
Micropro Software Solutions IPO Financials Performance ( Results )
Micropro Software Solutions Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 1,547.57 | 1,392.48 | 129.51 | 1.26 | 788.84 | 763.84 | 437.81 |
| 31-Mar-22 | 2,048.58 | 1,755.17 | 267.14 | 2.61 | 1,055.98 | 1,030.98 | 592.05 |
| 31-Mar-23 | 2,559.57 | 2,217.20 | 592.23 | 5.78 | 1,648.21 | 1,623.21 | 397.97 |
| 31-May-23 | 2,411.30 | 275.95 | 47.65 | 0.46 | 1,670.86 | 338.03 |
Objective of Micropro Software Solutions IPO Issue
- Working capital requirements
- Funding capital expenditure requirements
- General Corporate purposes
Micropro Software Solutions IPO Basic Details
| IPO Date | Nov 3, 2023 to Nov 7, 2023 |
| Listing Date | Tuesday, November 16, 2023 |
| Face Value | ₹10 per share |
| Price | ₹81 per share |
| Lot Size | 1600 Shares |
| Issue Size | 3,790,400 shares of ₹10 (aggregating up to ₹30.70 Cr) |
| Fresh Issue | 3,790,400 shares of ₹10 (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 |
| Company Promoters | 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 |
Micropro Software Solutions IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Micropro Software IPO Timetable
Micropro Software IPO will open on November 3, 2023 and close on November 7, 2023. You can join Micropro Software IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 3 November 2023 (Friday) |
| Closing Date | 7 November 2023 (Tuesday) |
| Basis of Allotment | 10 November 2023 (Friday) |
| Initiation of Refunds | 13 November 2023 (Monday) |
| Credit of Shares to Demat | 15 November 2023 (Wednesday) |
| Listing Date | 16 November 2023 (Thursday) |
| Deadline for UPI mandate confirmation | 5 PM on 7 November 2023 |
Micropro Software IPO Lot Size
For retail investors in Micropro Software IPO, 1600 shares will come in 1 lot or the minimum investment will be ₹129,600. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹129,600.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹129,600 |
| Retail (Max) | 1 | 1600 | ₹129,600 |
| S-HNI (Min) | 2 | 3200 | ₹259,200 |
Micropro Software Solutions IPO Promoter Holding
The company’s promoters include 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.
| Pre Issue Share Holding | 63.40% |
| Post Issue Share Holding | 46.59% |
Micropro Software Solutions Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 116.48 |
| Earning Per Share (EPS) | ₹5.78 per Equity Share |
| Net Asset Value (NAV) | ₹659.28 per Equity Share |
| Post P/E Ratio (P/E) (x) | 40.7 |
| Return on Net Worth (RoNW) (%) | 35.93 |
| Return on equity (ROE) (%) | 44 |
| Return on Capital Employed (ROCE) (%) | 41 |
| Debt/Equity Ratio | 0.13 |
Micropro Software Solutions Ltd Peer Comparison
| Company Name | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Micropro Software Solutions Limited | 10.00 | 5.78 | 40.7 | 35.93 | 659.28 |
| Peer Group | |||||
| Softtech Engineers Limited | 10.00 | 5.48 | 26.12 | 5.31 | 99.25 |
| Compucom Software Limited | 2.00 | 0.63 | 29.43 | 3.65 | 18.04 |
| Persistent Systems Limited | 10.00 | 120.52 | 37.25 | 23.23 | 518.79 |
Micropro Software Solutions IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 3 November 2023 | ₹30 | – | – |
| 2 November 2023 | ₹30 | – | – |
| 1 November 2023 | ₹30 | – | – |
Micropro Software Solutions IPO Detail Video:
Micropro Software Solutions IPO Subscription Status (Bidding Detail)
The Micropro Software Solutions IPO on November 7, 2023 at 7:29:00 PM was subscribed 36.88 times, with the retail category being subscribed 49.08 times, the other category being subscribed 22.60 times.
| Category | Subscription |
| Other | 22.60x |
| Retail | 49.08x |
| Total | 36.88x |
Micropro Software Solutions IPO Prospectus
| Micropro Software Solutions IPO DRHP | Download |
| Micropro Software Solutions IPO RHP | Download |
| Micropro Software Solutions IPO Anchor Investors Details PDF | Download |
Micropro Software Solutions IPO Rating
| Our Rating | 3.5/5.0 |
Micropro Software Solutions Company Contact Information
Micropro Software Solutions Limited
Registered office: Plot No. 28, 702, Wing A, 7th Floor, IT Park, Gayatri Nagar, Nagpur – 440022, Maharashtra, India.
Tel: +91-9373693405
E-mail: compliance@microproindia.com
Website: www.microproindia.com
Contact Person: Mr. Girish Vyas, Company Secretary and Compliance Officer
Promoters of the Company: Mr. Hitesh Dhirajlal Parikh, Mr. Sanjay Yadavrao Mokashi, Mr. Prashant Renukadas Rajurkar, Mrs. Shefali Hitesh Parikh, Mrs. Meenakshi Sanjay Mokashi and Mrs. Swati Prashant Rajurkar
Micropro Software Solutions IPO Registrar
Purva Shareregistry (India) Private Limited
Registered office: 9, Shiv Shakti Industrial Estate, J.R. Boricha Marg,
Lower Parel (East) Mumbai-400011, Maharashtra India.
Telephone: +91 022 4961 4132
Investor Grievance Email ID: support@purvashare.com
Contact Person: Ms. Deepali Dhuri
Website: www.purvashare.com
SEBI Registration Number: INR000001112
CIN: U67120MH1993PTC074079
Micropro Software Solutions IPO Lead Manager
Swaraj Shares and Securities Private Limited
Registered office: 304, A Wing, 215 Atrium Near Courtyard Marriot, Andheri Kurla
Road, Andheri East, Mumbai – 400093, Maharashtra, India
Telephone: +91-22-6964-9999
Email: compliance@swarajshares.com
Investor Grievance Email ID: investor.relations@swarajshares.com
Contact Person: Pankita Patel/ Tanmoy Banerjee
Website: www.swarajshares.com
SEBI Registration Number: INM00012980
CIN: U51101WB2000PTC092621
Micropro Software Solutions IPO FAQs
What is the lot size of Micropro Software Solutions IPO?
The total size of Micropro Software Solutions IPO is ₹30.70 crores and this is a complete fresh Issue.
When will Micropro Software Solutions IPO start?
Micropro Software Solutions IPO will open from 3 November 2023 and IPO will close on 7 November 2023.
What is the open date of Micropro Software Solutions IPO?
Micropro Software Solutions IPO will open date from 3 November 2023.
What is the last date ( close date ) of Micropro Software Solutions IPO?
Micropro Software Solutions IPO will close from 7 November 2023.
What is the price band of Micropro Software Solutions IPO?
Micropro Software Solutions IPO price band is ₹81.
What is the minimum amount required to apply for Micropro Software Solutions IPO?
The minimum investment for retailers to apply for Micropro Software Solutions IPO is ₹129,600 and the maximum investment is ₹129,600.
What is going on gray market premium of Micropro Software Solutions IPO?
View gray market premium of Micropro Software Solutions IPO by Clicking Here
How much is the GMP of Micropro Software Solutions IPO?
Watch Micropro Software Solutions IPO GMP Today: Click Here
What is the allotment date of Micropro Software Solutions IPO?
The allotment date of Micropro Software Solutions IPO is 10 November 2023.
How to check allotment status in Micropro Software Solutions IPO?
To check the allotment status of Micropro Software Solutions IPO, first of all go to the registrar website by clicking here, select your bad Micropro Software Solutions IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Micropro Software Solutions IPO?
The listing date of Micropro Software Solutions IPO is 16 November 2023.
How much will be the listing gain in Micropro Software Solutions IPO?
View listing gain of Micropro Software Solutions IPO by Clicking Here
How much time Micropro Software Solutions IPO is subscribed?
Total 36.88 times subscribed in Micropro Software Solutions IPO out of which 49.08 times subscription was done in retail quota, 22.60 times subscription in other quota.
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