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 name | Micropro Software Solutions Limited |
| Sector | Information Technology |
| Industry | IT-Software |
| Company Website | https://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 date | 03 November 2023 |
| IPO Closing | 07 November 2023 |
| Basis of Allotment | 10 November 2023 |
| Initiation Refund | 13 November 2023 |
| Credit to Demat Account | 15 November 2023 |
| Listing Date | 16 November 2023 |
Micropro Software Solutions IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹30.70 Cr – 3,790,400 shares |
| Fresh Issue | ₹30.70 Cr – 3,790,400 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹81 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 190,400 shares |
| Shareholding pre-issue | 10,509,000 |
| Shareholding post-issue | 14,299,400 |
| Listing Exchange | NSE SME |
Micropro Software Solutions IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹129,600 |
| Retail (Max) | 1 | 1600 | ₹129,600 |
| HNI (Min) | 2 | 3,200 | ₹259,200 |
Micropro Software Solutions IPO Reservation Details
| Retail Shares Offered | 50% |
| OtherShares Offered | 50% |
Micropro Software Solutions Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 2M FY 2023 | |
| Revenue | 13.88 | 17.44 | 22.06 | 2.71 |
| Expenses | 12.11 | 13.84 | 13.95 | 2.10 |
| Net income | 1.30 | 2.67 | 5.92 | 0.48 |
Micropro Software Solutions Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.26 | 2.61 | 5.78 |
| PE ratio | – | – | 14.01 |
| RONW (%) | 16.42 | 25.30 | 35.93 |
| NAV | 315.54 | 422.39 | 659.28 |
| ROCE (%) | 17.00 | 24.00 | 41.00 |
| EBITDA (%) | 16.71 | 24.55 | 41.84 |
| Debt/Equity | 0.56 | 0.56 | 0.24 |
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 Holding | 63.40% |
| Post Issue Share Holding | 46.59% |
Micropro Software Solutions Lead Manager(s)
SWARAJ SHARES AND SECURITIES PRIVATE LIMITED
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
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
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
MICROPRO SOFTWARE SOLUTIONS LIMITED
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
