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 Date | Nov 03, 2023 |
| IPO Closing Date | Nov 07, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹81 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹30.70 Cr |
| Fresh Issue | ₹30.70 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| 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 Date | Nov 03, 2023 |
| IPO Close Date | Nov 07, 2023 |
| Basis of Allotment Date | Nov 10, 2023 |
| Initiation of Refunds | Nov 13, 2023 |
| Credit of Shares to Demat Account | Nov 15, 2023 |
| IPO Listing Date | Nov 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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹129600 |
| Maximum | 1 | 1600 | ₹129600 |
IPO Promoter Holding
| Pre Issue Share Holding | 63.40% |
| Post Issue Share Holding | 46.59% |
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,
