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SME IPO Status: Listed [3rd Nov 2023 to 7th Nov 2023]
Micropro Software Solutions Limited is bringing its SME IPO at NSE SME. The total size of this SME IPO is Rs 30.70 Cr which is 100 % fresh issue. The Opening date for this SME IPO is 3 Nov to 7 Nov 2023. The face value of each share is Rs 10. To apply in this SME IPO application you have to buy at least one lot size of 1600 shares or its multiples at the fixed price of Rs 81 for each share.
Keep visiting this website to get the latest details of Micropro Software Solutions Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 3rd Nov 2023 |
| SME IPO Issue Closing Date: | 7th Nov 2023 |
| SME IPO Issue Price: | ₹81.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the Net issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹30.70 Cr |
| Fresh Issue: | ₹30.70 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 63.40% |
| Promoter Holding Post IPO: | 46.59% |
| Allotment Status: | Allotment Status |
| NSE Code: | MICROPRO |
Get important updates regarding Micropro Software Solutions SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 10th Nov 2023 |
| Refunds Initiation* | 13th Nov 2023 |
| Credit of Shares to Demat* | 15th Nov 2023 |
| SME IPO Listing Date* | 10th Nov 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹81.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹129600 |
| Min HNI Lots: | 3200 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 10-11-2023 | 81.00 | 4 | 4900 | ₹85 (4.94%) | 10-Nov-2023 9:31 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Micropro Software Solutions Limited was founded in September 1996. Aiming to establish itself in various fields of professional IT services, the company worked toward its adopted mission: "To provide value-added services in the information technology industry that result in high customer satisfaction by always keeping our clients' best interests in mind. " The vision states, "We strive to create a customer-centric organization focused on customer satisfaction by providing consistent and innovative IT solutions through continuous improvement of business processes and optimal use of human resources, building long-term relationships, and providing an exciting and educational environment where employees can reach their full potential.
The company is engaged in software development, consulting and technical services, providing cost-effective IT solutions to its clients. The company designs, develops, standardizes, and customizes software solutions for various industries as needed.
Its end-user services are designed to improve end-user productivity and provide optimized services to end-users across locations. The company provides centralized support with a standardized process for the end-user environment, as well as 24/7 support services that include desktop management, operating systems, office automation applications, business applications, troubleshooting of local network issues, and technical support services.
| Incorporation | Sector | IPO Issue Size | Website |
| 1996 | Software Development | ₹30.70 Cr | http://www.microproindia.com/ |
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
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,800,000 (50%) | 1,800,000 (50%) | 3,600,000 | |
| 1 | 3rd Nov 2023 19:31 | 0.35x | 3.73x | 2.04x |
| 2 | 6th Nov 2023 19:31 | 2.19x | 18.15x | 10.18x |
| 3 | 7th Nov 2023 19:32 | 22.60x | 49.08x | 36.88x |
Micropro Software Solutions Limited's revenue increased by 26.32% and profit after tax (PAT) rose by 121.69% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 May 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,411.30 | 2,559.57 | 2,048.58 | 1,547.57 |
| Revenue | 275.95 | 2,217.20 | 1,755.17 | 1,392.48 |
| Profit After Tax | 47.65 | 592.23 | 267.14 | 129.51 |
| Net Worth | 1,648.21 | 1,055.98 | 788.84 | |
| Reserves and Surplus | 1,670.86 | 1,623.21 | 1,030.98 | 763.84 |
| Total Borrowing | 338.03 | 397.97 | 592.05 | 437.81 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Micropro Software Solutions Limited | 5.78 | 5.78 | 6592.84 | 0.34 | 35.93 | Standalone |
| Softtech Engineers Limited | 5.53 | 5.48 | 99.25 | 26.12 | 5.31 | Standalone |
| Compucom Software Limited | 0.63 | 0.63 | 18.04 | 29.43 | 3.65 | Standalone |
| Persistent Systems Limited | 123.73 | 120.52 | 518.79 | 37.25 | 23.23 | Standalone |
Last Updated on 14-Nov-2023 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Micropro Software Solutions SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Micropro Software Solutions SME IPO with Zerodha.
Alternate approch to apply in Micropro Software Solutions SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Micropro Software Solutions SME IPO Review and Important Updates
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To subscribe or apply in Micropro Software Solutions SME IPO, you can use the following methods:
| Micropro Software Solutions SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Micropro Software Solutions SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Micropro Software Solutions SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Micropro Software Solutions SME IPO. Most of the Syndicate Banks provide access to apply in Micropro Software Solutions IPO via ASBA process. You must have your net banking access, DP ID information to apply in Micropro Software Solutions SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Micropro Software Solutions SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Micropro Software Solutions SME IPO Review and Important Updates
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Micropro Software Solutions SME IPO is going to be list on 10-11-2023. NSE Code for Micropro Software Solutions is MICROPRO.
Other relevant questions:
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Micropro Software Solutions SME IPO Allotment Date is 10-11-2023.
Other relevant questions:
Micropro Software Solutions SME IPO share allotment date?Micropro Software Solutions SME IPO allotment date?
