Micropro Software Solutions Limited IPO

Price
₹81
Lot
1600
Subs.
36.88
Expected Listing Earning

Exp. Premium(GMP):
30.00(37.04%)
IPO Details

Open Date: 03-Nov-2023
Close Date: 07-Nov-2023
Allotment Date: 09-Nov-2023
Listing Date: 10-Nov-2023
Listing Price: ₹66/-
Face Value: ₹10 Per Equity Share
Issue Price: ₹81 Per Equity Share
Issue Size: Total Issue Size 3,790,400 shares (aggregating up to ₹30.70 Cr) : Fresh Issue 3,790,400 shares (aggregating up to ₹30.70 Cr)
Market Lot (Min Amount): Retail - ₹129,600 : HNI - ₹259,200
Subscription Details Updated at End of the Day

As on

QIB / Nll

Rll

Total

Shares Offered/Reserved1,800,0001,800,0003,600,000
Day 1 - 03-11-23 
05:00 PM
0.35x3.73x2.04x
Day 2 - 06-11-23 
05:00 PM
2.19x18.15x10.18x
Day 3 - 07-11-23 
05:00 PM
22.60x49.08x36.88x
Total No. of Application:55,218 (Approx.)
Retail Subscription on the basis of Apps:49.08x
Valuations

Earning Per Share(EPS)5.78/-
P/E Ratio0.34
RoNW35.93%
Net Asset Value (NAV) - Post Issue:₹N/A/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Mar,20232,559.572,217.20592.23
31 Mar,20222,048.581,755.17267.14
31 Mar,20211,547.571,392.48129.51
Promoter(s)

Pre Issue Share Holding63.40%
Post Issue Share Holding46.59%
Company Promoter(s)
1. Mr Sanjay Yadavrao Mokashi
2. Mr Hitesh Dhirajlal Parikh
3. Mr Prashant Renukadas Rajurkar
4. Mrs Meenakshi Sanjay Mokashi
5. Mrs Shefali Hitesh Parikh
6. Mrs Swati Prashant Rajurkar
Issue Objective(s)

The Company proposes to utilize the funds being raised through this Issue towards the below-mentioned objects and gain benefits of listing on the Stock Exchange.

1. Working capital requirements;

2. Funding capital expenditure requirements;

3. General Corporate purposes

About Company

Incorporated in 1988, Micropro is an IT service company engaged in the business of Software Development, Data Processing, and Software Training. The company's tech team comprises more than 150 professionals. The company serves over 4000 customers catering to countries like India, USA, UAE and Africa. The company also provides software solutions for the government sector, PSU's and corporate clients. Micropro is an ISO 90001:2015 company which designs software solutions across various industry verticals. 

The company provides following services such as:-

  • IT Infrastructure Management Services.
  • Server Management.
  • Virtualization Services.
  • Storage and Backup Management.
  • Network Management.
  • Security Management.
  • Database Management.
  • Middleware Administration.
  • Data Centre Operations Management.
Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

If you are agree with app tems and condition to use the app. 

Thank you.