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Micropro Software Solutions Limited IPO Detail

Micropro Software Solutions Limited IPO Detail

Incorporated in 1988, Micropro is an IT service company engaged in the business of Software Development, Data Processing, and Software Training. 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. Micropro is an ISO 90001:2015 company which designs software solutions across various industry verticals. 

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.

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.

IPO Details

IPO Opening DateNov 03, 2023
IPO Closing DateNov 07, 2023
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price ₹81 per equity share
Market Lot1600 Shares
Min Order Quantity1600 Shares
Listing AtNSE SME
Issue Size₹30.70 Cr
Fresh Issue₹30.70 Cr
Offer for Sale-
Retail Portion 50%

IPO Subscription (Bidding Detail)

Day 1 0.35x 3.69x - 2.02x
Day 2 2.19x 18.09x - 10.15x
Day 3 22.60x 49.07x - 36.87x

IPO Tentative Timetable

The Micropro Software Solutions Limited IPO open date is Nov 03, 2023, and the close date is Nov 07, 2023. The issue may list on Nov 16, 2023.

IPO Open DateNov 03, 2023
IPO Close DateNov 07, 2023
Basis of Allotment DateNov 10, 2023
Initiation of RefundsNov 13, 2023
Credit of Shares to Demat AccountNov 15, 2023
IPO Listing DateNov 16, 2023

IPO Lot Size

The Micropro Software Solutions Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹129600).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding63.40%
Post Issue Share Holding46.59%

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 1547.57 1392.48 129.51
31-Mar-22 2048.58 1755.17 267.14
31-Mar-23 2559.57 2217.20 2217.20

Objects of the Issue:

The Company proposes to utilize the funds being raised through this Issue towards the below-mentioned objects and gain benefits of listing on the Stock Exchange.

1. Working capital requirements;

2. Funding capital expenditure requirements;

3. General Corporate purposes

Micropro Software Solutions Limited IPO Registrar:

Purva Sharegistry India Pvt Ltd

Micropro Software Solutions Limited IPO Lead Manager(s):

Swaraj shares and securities private limited

Company Contact Information:

Micropro Software Solutions Limited

Plot No. 28, 702, Wing A

7th Floor, IT Park,

Gayatri Nagar, Nagpur-440022,