Micropro Software Solutions IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHPLast Updated Date: Nov 07, 2023
Let’s have a detailed review of the company and analytics of the Micropro Software Solutions IPO release date, IPO offer price, subscription, Micropro Software Solutions Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
|Face Value||Rs 10|
|Price Band||Rs 81|
|Listing At||NSE, SME|
|Min. Order Quantity||1600 Shares|
|Listing Date||November 16, 2023|
|Offer for Sale||Rs Lakh|
|Fresh Issue||Rs 3070 Lakh|
|IPO Size||Rs 3070 Lakh|
Micropro Software Solutions IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
|Live Performance – Micropro Software Solutions Share Price|
Micropro Software Solutions IPO – Summary
The year 1988 embarked the ignition of ‘MICROPRO’ by setting up a professional and formal partnership arrangement under the name and style of ‘M/s Micropro’ with equal contribution between their Promoters, namely being, Mr. Hitesh Dhirajlal Parikh, Mr. Prashant Renukadas Rajurkar, and Mr. Sanjay Yadavrao Mokashi.
The said partnership was formed with the intent to focus and carry on the business of Software Development, Data Processing, and Software Training.
The Promoter of this company is MR. HITESH DHIRAJLAL PARIKH, MR. SANJAY YADAVRAO MOKASHI, MR. PRASHANT RENUKADAS RAJURKAR,
MRS. SHEFALI HITESH PARIKH, MRS. MEENAKSHI SANJAY MOKASHI AND MRS. SWATI PRASHANT RAJURKAR. The lead manager of the issue is SWARAJ SHARES AND SECURITIES PRIVATE LIMITED, and the Registrar of this issue is PURVA SHARE REGISTRY (INDIA) PRIVATE LIMITED.
Micropro Software Solutions IPO Date
The opening and closing dates of Micropro Software Solutions IPO are November 3, 2023, and November 7, 2023, respectively.
Micropro Software Solutions IPO Subscription
|Day / Date||NII||RII||Total Subscription|
|1st Day – 3rd Nov||0.35x||3.73x||2.04x|
|2nd Day – 6th Nov||2.19x||18.15x||10.18x|
|3rd Day – 7th Nov||22.60x||49.08x||36.88x|
|Shares Offered or Net Issue||1,800,000||1,800,000||3,790,400|
The shares subscribed by the public will be updated here.
Micropro Software Solutions IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Micropro Software Solutions Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
|Basis of Allotment Finalization||November 10, 2023|
|Refunds Initiation||November 13, 2023|
|Credit of Shares to Demat Account||November 15, 2023|
|Share Listing Date||November 16, 2023|
Micropro Software Solutions IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.81
Micropro Software Solutions IPO Equity Size
This Initial Public Issue of 3,790,400 Equity Shares of Rs.10 each for cash at a price of Rs.81 per equity share aggregating to Rs.3070 Lakh.
Micropro Software Solutions IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 3,790,400 Equity Shares of Rs.10/ each.
Issue Size: 3,790,400 Equity Shares of Rs.10 each, aggregating to Rs.3070 Lakh
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Micropro Software Solutions IPO – Live Performance
The listing date of this IPO is November 16, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
|Live IPO Performance – Micropro Software Solutions Share Price|
Micropro Software Solutions IPO Grey Market Premium
The Micropro Software Solutions Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Micropro Software Solutions IPO – Company Overview
Their Company acts like an end-to-end IT solution specialist service provider for their clients which enables them to offload their IT operations. Since their Company provides software development and implementation services to various organisations including government agencies, E-governance is an integral part of software development services.
As a development partner, it is essential that they ensure the software being built by them meets the governance requirements and fulfil the prescribed software development standards, meets the review and certification criteria.
Certain software developed by them in the past are accessed by a large number of users to sustain traffic load, hence apart from being compliant with governance guidelines, these are also required to be secured from hacking and data leaks which is a part of overall governance.
Hence, in the overall process of software development for process automation, E-governance becomes an inseparable part of their services.
Micropro Software Solutions IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
|Amount (in INR & Lakh)|
|Profit After Tax||47.65||592.23||267.14||129.51|
Earnings per Equity Share (in Lakh)
|Basic & Diluted||19.06||236.89||106.86||51.80|
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 592.23 Lakh, Rs. 267.14 Lakh and Rs. 129.51 Lakh respectively.
Micropro Software Solutions IPO – Promoters
The Promoter of this company is:
- MR. HITESH DHIRAJLAL PARIKH,
- MR. SANJAY YADAVRAO MOKASHI,
- MR. PRASHANT RENUKADAS RAJURKAR,
- MRS. SHEFALI HITESH PARIKH,
- MRS. MEENAKSHI SANJAY MOKASHI
- MRS. SWATI PRASHANT RAJURKAR
List of Related Parties (Key Managerial Personnel)
- Sanjay Mokashi Yadavrao, Managing Director
- Meher Shreeram Pophali, Whole-Time Director
- Manish Suresh Peshkar, Whole-Time Director
- Anuja Subhash Bissa, Non-Executive Independent Director
Micropro Software Solutions IPO – Promoters Holding
- Pre-Issue Share Holding – 63.40%
- Post-Issue Share Holding – 46.59%
Micropro Software Solutions IPO Offer Details or Issue Details
|Particulars||No. Of Equity Shares|
|Equity Shares Offered||Up to 37,90,400 Equity Shares aggregating up to Rs.3,070.22 Lakh|
|Issue Reserved for the Market Makers||Up to 1,90,400 Equity Shares aggregating up to Rs.154.22
|Net Issue to the Public||Up to 36,00,000 Equity Shares aggregating up to Rs.2916.00
|Retail Investors Portion||Not less than 18,00,000 Equity Shares|
|Other than Retail Individual Investors||Not more than 18,00,000 Equity Shares|
|Equity Shares outstanding prior to the Issue||1,05,09,000 Equity Shares|
|Equity Shares outstanding after the Issue||1,43,80,400 Equity Shares|
Micropro Software Solutions IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Working capital requirements;
- Funding capital expenditure requirements;
- General Corporate purposes
Micropro Software Solutions IPO – Business Strategy
- India’s Domestic technology adoption driven
- Business and leadership strategies revisited to transform existing model
- Re-Imagining the future of the workplace and workforce
- Strengthening the tech talent pipeline Digital skilling
Micropro Software Solutions IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Quality and focus on customer satisfaction;
- Satisfactory track record
The relevant quantitative factors are:
|Basic & Diluted EPS||RONW (%)||NAV (Rs.)|
Micropro Software Solutions IPO: Competitive Peers
|Face Value (Rs.)||P/E||EPS (Rs.)||Return on Net Worth (%)||Total Income (Rs. in Lakhs)|
|Micropro Software Solutions Limited||10||0.34||2,36.89||35.93||2,205.53|
|Softtech Engineers Limited||10||26.12||5.53||5.31||6534.09|
|Compucom Software Limited||2||29.43||0.63||3.65||5,462.27|
|Persistent Systems Limited||10||37.25||123.73||23.23||8,35,059.20|
Micropro Software Solutions IPO Lead Managers
|SWARAJ SHARES AND SECURITIES PRIVATE LIMITED
Principal Place of Business: 304, A Wing, 215 Atrium Near Courtyard Marriot, Andheri Kurla
Road, Andheri East, Mumbai – 400093, Maharashtra, India
Investor Grievance Email ID: firstname.lastname@example.org
Contact Person: Pankita Patel/ Tanmoy Banerjee
SEBI Registration Number: INM00012980
Micropro Software Solutions IPO Registrar to offer
|Registrar to the Offer|
|PURVA SHARE REGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower Parel (East) Mumbai-400011,
Telephone: +91 022 4961 4132
Investor Grievance Email ID: email@example.com
Contact Person: Ms. Deepali Dhuri
SEBI Registration Number: INR000001112
Micropro Software Solutions IPO – Other Details
- Statutory Auditor – M/s Banthia Damani & Associates, Chartered Accountant
- Legal Counsel to the Company – AdLegus Law Consultants LLP
- Bankers to the Company – Yes Bank Limited
Micropro Software Solutions IPO Review by Stock Brokers
|Top Stock Brokers Review||Company Reputation||Competitive Edge||Financial Statement||Popularity Index||Promoters Reputation|
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Micropro Software Solutions Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Micropro Software Solutions IPO Review FAQs
Check out various FAQs related to Micropro Software Solutions IPO:
What is the Issue Size of Micropro Software Solutions IPO?
The Company is making an initial public offer of 3,790,400 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Micropro Software Solutions IPO?
The price band for this particular IPO ranges between Rs 81. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Micropro Software Solutions IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on November 3, 2023, while the closing date is set at November 7, 2023.
What is the Micropro Software Solutions IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on November 10, 2023, refund initiation is on November 13, 2023, credit of shares is on November 15, 2023, and share listing date is on November 16, 2023.
What is the Micropro Software IPO Listing Date?
Shares of this company shall be listed in the exchanges on November 16, 2023. The date, when the listing would be done, is stagnant on November 16, 2023.
Who is the Registrar of Micropro Software IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. PURVA SHARE REGISTRY (INDIA) PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Micropro Software IPO?
Here are the promoters of this IPO – MR. HITESH DHIRAJLAL PARIKH, MR. SANJAY YADAVRAO MOKASHI, MR. PRASHANT RENUKADAS RAJURKAR,
MRS. SHEFALI HITESH PARIKH, MRS. MEENAKSHI SANJAY MOKASHI AND MRS. SWATI PRASHANT RAJURKAR. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Micropro Software IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Micropro Software Solutions IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Micropro Software Solutions Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 592.23, 2022 is 267.14, and 2021 is 129.51. PAT from Jun 2023 is 47.65.
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