Micropro Software Solutions IPO

Micropro Software Solutions IPO will open for subscription from 03 November 2023. The company aims for an issue size of ₹30.70 Cr through this IPO.

Company Overview

Full nameMicropro Software Solutions Limited
SectorInformation Technology
Company Websitehttps://www.microproindia.com/

About Company

Micropro Software Solutions is an ISO 90001:2015 company, in the field of software development, consulting along with Technical Services, and providing cost-effective IT solutions to its clients. The company designs, develops, standardizes, and customizes, in case of need, software solutions across various industry verticals. The company’s tech team comprises more than 150 professionals. Micropro Software serves over 4,000 customers catering to countries like India, the USA, UAE, and Africa.

Micropro Software provides the following services such as:

  • IT Infrastructure Management Services
  • Virtualization Services
  • Storage and Backup Management
  • Network Management
  • Security Management
  • Database Management
  • Middleware Administration
  • Data Centre Operations Management
  • Application Management
  • Remote Infrastructure Management Services
  • On-Site Support Services
  • IMS Delivery Model
  • Engagement Delivery Model
  • Service Delivery Approach

The Objectives of the Issue

  • Working capital requirements;
  • Funding capital expenditure requirements;
  • General Corporate purposes

Micropro Software Solutions IPO Timetable

IPO Opening date03 November 2023
IPO Closing07 November 2023
Basis of Allotment10 November 2023
Initiation Refund13 November 2023
Credit to Demat Account15 November 2023
Listing Date16 November 2023
(Cut-off time for UPI mandate confirmation – 5 PM on November 7, 2023)

Micropro Software Solutions IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹30.70 Cr – 3,790,400 shares
Fresh Issue₹30.70 Cr – 3,790,400 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹81 per share
Lot size1600 Shares
Market Maker portion190,400 shares
Shareholding pre-issue10,509,000
Shareholding post-issue14,299,400
Listing ExchangeNSE SME

Micropro Software Solutions IPO Lot Size

Retail (Min)11600₹129,600
Retail (Max)11600₹129,600
HNI (Min)23,200₹259,200

Micropro Software Solutions IPO Reservation Details

Retail Shares Offered50%
OtherShares Offered50%

Micropro Software Solutions Financial Performance

 FY 2021FY 2022FY 20232M FY 2023
Net income1.302.675.920.48
(Amount in ₹ Crores)

Micropro Software Solutions Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio14.01
RONW (%)16.4225.3035.93
ROCE (%)17.0024.0041.00
EBITDA (%)16.7124.5541.84

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.

Promoter Holding

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

Micropro Software Solutions Lead Manager(s)

304, A Wing, 215 Atrium Near Courtyard Marriot,
Andheri Kurla Road, Andheri East, Mumbai – 400093
Maharashtra, India
Phone: +91-22-6964-9999
Email: compliance@swarajshares.com
Website: www.swarajshares.com

Micropro Software Solutions Registrar

9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone: +91 022 4961 4132
Email: support@purvashare.com
Website: www.purvashare.com

Micropro Software Solutions Contact Details

Plot No. 28, 702, Wing A, 7th Floor, IT Park,
Gayatri Nagar, Nagpur – 440022, Maharashtra
Phone: +91-9373693405
E-mail: compliance@microproindia.com
Website: www.microproindia.com

Micropro Software Solutions IPO Allotment Status

Micropro Software IPO allotment status will be available on Purva Sharegistry’s website. Click on this link to get allotment status.

Final thoughts

Micropro Software Solutions IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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