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Micropro Software Solutions IPO Dates, Price band, Review & allotment Details 2023

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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:

  1. IT Infrastructure Management
  2. Network and security
  3. Cloud computing
  4. E-Governance
  5. 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:

  1. Working Capital Requirements
  2. Funding Capital Expenditure Requirements
  3. General Corporate Expenses

Micropro Software Solutions Strength

  1. Long-standing client relationships
  2. Invest in technology
  3. Further expand our client base and market share through enhanced sales and marketing
  4. Targeting new customers by increasing our presence in domestic markets nd building our presence in international markets

Micropro Software Solutions Risk Factor

  1. Failed to protect its intellectual property
  2. 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.

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