What you must know about Micropro Software Solutions?
by 5paisa Research Team
27 Oct 2023
Listing Details
- Listing Exchange NSE SME
- Listing Date 10-Nov-23
- IPO Price Range ₹ 81
- Listing Price ₹ 80
- Listing Change -1.2%
- Last Traded Price ₹ 43
- Current Change -46.9%
Micropro Software IPO Details
- Open Date 03-Nov-23
- Close Date 07-Nov-23
- Lot Size 1600
- IPO Size ₹ 30.70 Cr
- IPO Price Range ₹ 81
- Min Investment ₹ 129,600
- Listing Exchange NSE SME
- Basis of Allotment 10-Nov-23
- Refunds 13-Nov-23
- Credit to Demat Account 15-Nov-23
- Listing Date 16-Nov-23
Micropro Software Solutions IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 03-Nov-23 | - | 0.35 | 3.73 | 2.04 |
| 06-Nov-23 | - | 2.19 | 18.08 | 10.14 |
| 07-Nov-23 | - | 22.60 | 49.07 | 36.87 |
Micropro Software IPO Synopsis
Micropro Software Solutions Limited IPO is all set to open from 3rd November to 7th November 2023. The company is engaged in the business of providing IT services. The IPO includes a fresh issue of 3,790,400 shares worth ₹30.70 cr. The share allotment date is 10th November, and the IPO will be listed on 16th November on the stock exchanges. The price is ₹81 per share and the lot size is 1600 shares.
Swaraj Shares and Securities Private Limited is the book-running lead manager for this IPO, while Purva Sharegistry India Pvt Ltd is the registrar.
Objectives of Micropro Software IPO:
Micropro Software Solutions Limited plans to utilize the raised capital from the IPO to:
● For working capital and capital expenditure requirements.
● General corporate purposes.
About Micropro Software Solutions
Established in 1988, Micropro Software Solutions Limited is engaged in the business of providing IT services. It has ISO 9001:2015 certification for quality and offers services in the domain of software development, consulting, and technical services. The company delivers cost-effective IT solutions to its clients. Its services can be divided into four major categories i) IT Infrastructure Management Services ii) Network and Security Services iii) Cloud Computing Services iv) Manpower Services.
Micropro Software Solutions specializes in designing, developing, standardizing, and customizing software solutions across diverse industry sectors. The company has a presence in India in addition to other countries including the US, UAE and Africa with a base of 4000+ clients.
Peer Comparison
● Softtech Engineers Limited
● Persistent Systems Limited
● Compucom Software Limited
For More Information:
Webstory on Micropro Software IPO
Micropro Software IPO GMP
Micropro Software Solutions Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 22.05 | 17.44 | 13.88 |
| EBITDA | 9.21 | 4.22 | 2.28 |
| PAT | 5.92 | 2.67 | 1.29 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 25.60 | 20.49 | 15.48 |
| Share Capital | 0.25 | 0.25 | 0.25 |
| Total Borrowings | 9.11 | 9.93 | 7.59 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 1.63 | 2.83 | 1.94 |
| Net cash from / (used in) investing activities | -0.019 | -4.56 | -0.38 |
| Net cash flow from / (used in) financing activities | -2.25 | 1.28 | 0.183 |
| Net increase (decrease) in cash and cash equivalents | -0.64 | -0.64 | 1.74 |
Micropro Software IPO Key Points
-
Strengths
1. The company has long-standing client relationships.
2. Track record of financial performance and consistent growth.
3. The company’s Board and Senior Management are experienced.
4. Planning to expand its geographical footprint.
-
Risks
1. The company can be subjected to intellectual property infringement claims by other companies which could materially increase costs.
2. Operates in a highly competitive industry.
3. Subject to forex rate fluctuations.
4. International sales and operations subject us to additional risks that can adversely affect the business.
Micropro Software
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open account in 5 minutes
Be a part of the 5paisa community now with 10 million mobile app users
There is some issue, try later
By Proceeding, you agree T&C*
Micropro Software IPO FAQs
What is the minimum lot size and investment required for the Micropro Software Solutions IPO?
The minimum lot size of Micropro Software IPO is 1600 shares and the investment required is ₹1,29,600.
What is the price band of Micropro Software IPO?
The price for Micropro Software IPO is ₹81 per share.
When does the Micropro Software Solutions IPO opens and closes?
Micropro Software Solutions IPO opens from 3rd November to 7th November 2023.
What is the size of the Micropro Software Solutions IPO?
The size of Micropro Software IPO is ₹30.70 cr.
What is the allotment date of the Micropro Software Solutions IPO?
The share allotment date of Micropro Software IPO is 10th November 2023.
What is the Micropro Software Solutions IPO listing date?
The Micropro Software IPO will be listed on 16th November 2023.
Who are the book runners for the Micropro Software Solutions IPO?
Swaraj Shares and Securities Private Limited is the book-running lead manager for Micropro Software IPO.
What is the objective of the Micropro Software IPO?
Micropro Software Solutions Limited plans to utilize the raised capital from the IPO to:
1. For working capital and capital expenditure requirements.
2. General corporate purposes.
How to apply for the Micropro Software Solutions IPO?
To apply for Micropro Software IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Micropro Software Solutions Limited IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Micropro Software Solutions IPO
Contact Information
Micropro Software Solutions Limited
Plot No. 28, 702, Wing A
7th Floor, IT Park,
Gayatri Nagar, Nagpur-440022,
Phone: +91-9373693405
Email: compliance@microproindia.com
Website: http://www.microproindia.com/
Micropro Software Solutions IPO Register
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/queries/
Micropro Software Solutions IPO Lead Manager
Swaraj shares and securities private limited
Micropro Software IPO Related Articles
