Micropro Software Solutions is set to launch an IPO which will open on November 3, 2023, and close on November 7, 2023. Through this public offer company wants to raise Rs. 30.70 Crore from the primary market, Company fixed the price band of Rs. 81 with a minimum lot of 1600 shares, and listed on November 16, according to the preliminary papers filed to the capital market regulator SEBI.
About Micropro Software Solutions Company
Micropro Software Solutions (1996) is engaged in the business of software development along with consultancy, technical support and all IT solutions cost effectively.
Company services list are as follows:
- IT Infrastructure Management
- Network and security
- Cloud computing
- E-Governance
- Manpower
Check out the IPO allotment status on IPO Deliver.
Micropro Software Solutions IPO Object
The company intends to use the IPO Funds for the below-mentioned purposes:
- Working Capital Requirements
- Funding Capital Expenditure Requirements
- General Corporate Expenses
Micropro Software Solutions Strength
- Long-standing client relationships
- Invest in technology
- Further expand our client base and market share through enhanced sales and marketing
- Targeting new customers by increasing our presence in domestic markets nd building our presence in international markets
Micropro Software Solutions Risk Factor
- Failed to protect its intellectual property
- High Competition
Micropro Software Solutions IPO Review & Rating
| Issue Size (Rs.) | 30.70 Crore |
| Issue Price (Rs.) | 81/- per share |
| Minimum Lot Size | 1600 share |
| Total Profit (March 2023) (Rs.) | 5.92 crore |
| RoCE (%) | 41% |
| NAV (Rs.) | 659.28 |
| Listing on | NSE Emerge |
| IPO Deliver Rating | Four |
Micropro Software Solutions IPO Dates, Price Band & Details
Micropro Software Solutions IPO will open on November 3, 2023, and close on November 7, 2023. The IPO list on November 16, 2023.
| Type of issue | Fixed Price IPO |
| Issue Size (Rs.) | 30.70 crore |
| Face Value (Rs.) | 10/- per share |
| IPO Open Date | 3 November 2023 |
| IPO Close Date | 7 November 2023 |
| IPO Allotment Date | 10 November 2023 |
| Refund Date | 13 November 2023 |
| Share Credit Date | 15 November 2023 |
| Listing Date | 16 November 2023 |
Micropro Software Solutions IPO Offer
Micropro Software Solutions IPO total issue size is 3,790,400 shares which comprises below mentioned categories.
| Offer Category | Shares Offer | Amount (Rs.) |
| Fresh Issue | 3,790,400 | 30.70 core |
| Offer for Sale (OFS) | – | – |
Micropro Software Solutions Financials Review (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 2,217.20 | 1,755.17 | 1,392.48 |
| Net Worth | 1,648.21 | 1,055.98 | 788.84 |
| Profit | 592.23 | 267.14 | 129.51 |
| Total Borrowings | 397.97 | 592.05 | 437.81 |
Micropro Software Solutions IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 5.78 | 2.61 | 1.62 |
| RoNW (%) | 35.93% | 25.30% | 16.42% |
| NAV (Rs.) | 659.28 | 422.39 | 315.54 |
Micropro Software Solutions IPO Peer Comparison (Top 2)
Comparison with the other same segment listed companies in India.
| Company Names | EPS (Rs.) | RoNW (%) | NAV (Rs.) |
| Mega Star Food | 5.78 | 35.93% | 659.28
|
Micropro Software Solutions Company Promoters
As per the DRHP and RHP, the company has six Promoters.
| Serial No. | Name |
| 01. | Mr. Sanjay Yadavrao Mokashi |
| 02. | Mr. Hitesh Dhirajlal Parikh |
| 03. | Mr. Prakash Renukadas Rajurkar |
| 04. | Mrs. Meenakshi Sanjay Mokashi |
| 05. | Mrs. Shefali Hitesh Parikh |
| 06. | Mrs. Swati Prashant Rajurkar |
Micropro Software Solutions Pre-offer and Post-Offer Promoters Shareholding
| Promoter and promoter group Shareholding | Percentage (%) |
| Pre-Issue | 63.40% |
| Post- Issue | 46.59% |
.
Micropro Software Solutions IPO Reservation
Micropro Software Solutions IPO total reservation of 3,790,400 shares, distributed between the below-mentioned categories.
| Category | No. of Shares |
| Retail Share Offered | 50% of the Net issue |
| Other Share Offered | 50% of the Net issue |
Micropro Software Solutions IPO – Market Lot Size
An individual investor can apply for a minimum of 1 lot of 1600 Shares and a maximum of 1 lot of 1600 shares. Market lot sizes for retail investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail Minimum | 1 | 1600 | 1,29,600 |
| Retail Maximum | 1 | 1600 | 1,29,600 |
Micropro Software Solutions IPO – Prospectus
An investor can download/view the Micropro Software Solutions prospectus copy, which was filed by the company to SEBI, details are as follows
| Micropro Software Solutions IPO Prospectus | Download/View Links |
| Draft Red Herring Prospectus (DRHP) | Click here |
| Red Herring Prospectus (RHP) | Click here |
Micropro Software Solutions IPO Registrar
Purva Shareregistry (India) Private Limited
Tel No.: +91 022 4961 4132
E-Mail: support@purvashare.com
Website: www.purvashare.com
Micropro Software Solutions IPO lead manager
Swaraj Shares And Securities Private Limited
Tel No.: +91-22-6964-9999
E-Mail: compliance@swarajshares.com
Website: www.swarajshares.com
Micropro Software Solutions IPO Application (How to Apply for an IPO)
There are primary four options for applying for a Micropro Software Solutions IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Micropro Software Solutions Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked till the allotment date and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Micropro Software Solutions Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or get refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
Micropro Software Solutions Company Details
Micropro Software Solutions Limited (1996)
Registered Office: Plot No. 28, 702, Wing A, 7th Floor, IT Park, Gayatri Nagar, Nagpur – 440022, Maharashtra, India
Tel: +91-9373693405
Email: compliance@microproindia.com
Website: www.microproindia.com
Investor Grievances/Compliance Officer: Mr. Girish Vyas
Micropro Software Solutions Subsidiary Companies (Top 2)
| Serial No. | Name of Companies |
| 01. | – |
| 02. | – |
Micropro Software Solutions Company Board (Top 2)
| Serial No. | Name of Directors |
| 01. | Mr. Parag Sham Deshpande |
| 02. | Mr. Sandeep Agarwal |
Micropro Software Solutions IPO – Frequently Asked Questions (FAQ’s)
Q-1 What is Micropro Software Solutions IPO?
Ans: Micropro Software Solutions brings its SME IPO of Rs. 30.70 crore, on November 3, 2023, with a price band of Rs. 81 per share.
Q-2 what is Micropro Software Solutions IPO Open date?
Ans: Micropro Software Solutions IPO opening date is November 3, 2023.
Q-3 what is Micropro Software Solutions IPO Close date?
Ans: Micropro Software Solutions IPO closing date is November 7, 2023.
Q-4 What is Micropro Software Solutions IPO Listing date?
Ans: Micropro Software Solutions IPO listing date is November 16, 2023.
Q-5 What is Micropro Software Solutions IPO Minimum investment amount?
Ans: Micropro Software Solutions IPO minimum investment amount is Rs. 1,29,600
Q-6 What is Micropro Software Solutions IPO offer issue Size?
Ans: Micropro Software Solutions offer an issue size of Rs. 30.70 Crores.
Q-7 What is Micropro Software Solutions IPO Price Band?
Ans: Micropro Software Solutions IPO price band is Rs 81 per share.
Q-8 Is Micropro Software Solutions IPO mainboard IPO or SME IPO?
Ans: Micropro Software Solutions IPO is the SME IPO.
Thanks for another informative website. The place else may just I am getting that type of info written in such a perfect manner? I’ve a venture that I’m simply now running on, and I have been at the look out for such info.
Your article helped me a lot, is there any more related content? Thanks!