Micropro Software Solutions IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP

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.

Micropro Software Solutions IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

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

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:

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.

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:

Financial Summary:

Earnings per Equity Share (in Lakh)

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:

1. MR. HITESH DHIRAJLAL PARIKH,
2. MR. SANJAY YADAVRAO MOKASHI,
3. MR. PRASHANT RENUKADAS RAJURKAR,
4. MRS. SHEFALI HITESH PARIKH,
5. MRS. MEENAKSHI SANJAY MOKASHI
6. 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

Micropro Software Solutions IPO Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

1. Working capital requirements;
2. Funding capital expenditure requirements;
3. 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;
• Expertise;
• Satisfactory track record

The relevant quantitative factors are:

Micropro Software Solutions IPO: Competitive Peers

Micropro Software Solutions IPO Lead Managers

Micropro Software Solutions IPO Registrar to offer

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

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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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