Micropro Software Solutions Limited
- IPO Date03 Nov, 2023 to 07 Nov, 2023
- Listing Date16 Nov, 2023
- Face Value₹10 per share
- Issue Price₹81 to ₹81 per share
- Lot Size1600 Shares
- Minimum Investment₹1,29,600
- Listing AtNSE SME
- Total Issue Size37,90,400 Shares
(aggregating up to ₹30.70 Cr) - Fresh Issue37,90,400 Shares
(aggregating up to ₹30.70 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue1,05,09,000
- Shareholding post issue1,42,99,400
IPO Dates
Closing Date
07 Nov, 2023
Initiation of Refunds
15 Nov, 2023
Listing Date
16 Nov, 2023
03 Nov, 2023
Opening Date
10 Nov, 2023
Basis of Allotment
15 Nov, 2023
Credit of Shares
Micropro Software Solutions Limited Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,29,600 |
| HNI (Min) | 2 | 3200 | ₹2,59,200 |
| Retail (Max) | 1 | 1600 | ₹1,29,600 |
Micropro Software Solutions Limited Promoter Holding
The promoters of the company are 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.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 63.4% | 46.59% |
Key Performance Indicator
Micropro Software Solutions IPO Market Cap is Rs 116.48 Cr and P/E (x) is 0.34.
| KPI | Values |
|---|---|
| ROE | 44% |
| ROCE | 41% |
| RoNW | 35.93% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.34 | 5.78 |
| P/E (x) | 0.34 | 5.78 |
Micropro Software Solutions Limited COMPANY INFORMATION
Micropro Software Solutions IPO is a fixed price issue of Rs 30.70 crores. The issue is entirely a fresh issue of 37.9 lakh shares. Micropro Software Solutions IPO opens for subscription on November 3, 2023 and closes on November 7, 2023. The allotment for the Micropro Software Solutions IPO is expected to be finalized on Friday, November 10, 2023. Micropro Software Solutions IPO will list on NSE SME with tentative listing date fixed as Thursday, November 16, 2023. Micropro Software Solutions IPO price is ₹81 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹129,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹259,200. Swaraj shares and securities private limited is the book running lead manager of the Micropro Software Solutions IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market maker for Micropro Software Solutions IPO is Nikunj Stock Brokers. Refer to Micropro Software Solutions IPO RHP for detailed information.
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.
FAQs About Micropro Software Solutions Limited
Micropro Software Solutions Limited will open on 03 Nov, 2023 and close on 07 Nov, 2023. Investors must apply within this period to participate.
The Micropro Software Solutions Limited price band is set between ₹81.00 and ₹81.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹129600.00.
The Micropro Software Solutions Limited shares are expected to be listed on 16 Nov, 2023, subject to regulatory approvals and final allotment.
You can track your Micropro Software Solutions Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Micropro Software Solutions Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.