Micropro Software Solutions Limited is an IT service company engaged in the business of Software Development, Data Processing, and Software Training. The Company is an ISO 90001:2015 Company.
The company’s tech team comprises more than 150 professionals. The company serves over 4000 customers catering to countries like India, USA, UAE and Africa. The company also provides software solutions for the government sector, PSU’s and corporate clients.
The company provides following services such as:
- 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 IPO – Details
| IPO Opening Date | 03 November 2023 |
| IPO Closing Date | 07 November 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 37,90,400 Shares Worth ₹30.70 Crore Fresh Issue: 37,90,400 Shares Worth ₹30.70 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹81 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Purva Sharegistry India Pvt Ltd |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Micropro Software Solutions IPO – Date Schedule
| IPO Open Date | 03 November 2023 |
| IPO Close Date | 07 November 2023 |
| Basis of Allotment | 10 November 2023 |
| Initiation of Refund | 13 November 2023 |
| Credit of Shares to Demat Account | 15 November 2023 |
| IPO Listing Date | 16 November 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Nov 07, 2023 |
Micropro Software Solutions IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | 1,29,600 |
| Retail (Maximum) | 1 | 1600 | 1,29,600 |
| HNI (Minimum) | 2 | 3200 | 2,59,200 |
Competitive Strengths
- Quality and focus on customer satisfaction;
- Expertise;
- Satisfactory track record.
Company Promoters
- Mr. Sanjay Yadavrao Mokashi
- Mr. Hitesh Dhirajlal Parikh
- Mr. Prashant Renukadas Rajurkar
- Mrs. Meenakshi Sanjay Mokashi
- Mrs. Shefali Hitesh Parikh
- Mrs. Swati Prashant Rajurkar
Object Of The Issue
- Working capital requirements.
- Funding capital expenditure requirements.
- General Corporate Purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 13.92 | 12.11 | 1.29 | 4.38 |
| 31 March 2022 | 17.55 | 13.84 | 2.67 | 5.92 |
| 31 March 2023 | 22.17 | 13.95 | 5.92 | 3.98 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 0.34 |
| ROE | 44% |
| ROCE | 41% |
| Debt/Equity | 0.13 |
| EPS (Rs) | 5.78 |
| RoNW | 35.93% |
Micropro Software Solutions IPO Promoter Holding
| Pre Issue Share Holding | 63.40% |
| Post Issue Share Holding | 46.59% |
Micropro Software Solutions IPO Prospectus
- Micropro Software Solutions IPO DRHP
- Micropro Software Solutions IPO RHP
Company Contact Information
| 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 Lead Manager(s)
| 1. Swaraj shares and securities private limited |
Micropro Software Solutions IPO FAQs
| What is Micropro Software Solutions IPO? Micropro Software Solutions IPO is a SME IPO. The issue is priced at ₹81 per equity share. The IPO is to be listed on NSE SME. |
| When Micropro Software Solutions IPO will open? The IPO is to open on 03 November 2023 for Other – 50% and Retail – 50% Investors. |
| How to Micropro Software Solutions IPO? You can apply Micropro Software Solutions IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Micropro Software Solutions IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Micropro Software Solutions”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Micropro Software Solutions IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Micropro Software Solutions”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Micropro Software Solutions IPO Size? Micropro Software Solutions IPO size is ₹30.70 crores. |
| What is Micropro Software Solutions IPO Price Band? Micropro Software Solutions IPO Price Band is ₹81. |
| What is Micropro Software Solutions IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,29,600 amount while the maximum bid is 1600 shares with ₹1,29,600. |
| What is the Micropro Software Solutions IPO Allotment Date? Micropro Software Solutions IPO allotment date is 10 November 2023. |
| What is the Micropro Software Solutions IPO Listing Date? Micropro Software Solutions IPO listing date is 16 November 2023. The IPO is to list on NSE SME. |
