Last updated on November 10, 2023
Micropro Software IPO description – Micropro Software Solutions is an ISO 90001:2015 company, in the field of software development, consulting along with Technical Services, and providing cost-effective IT solutions to its clients. The company designs, develops, standardizes, and customizes, in case of need, software solutions across various industry verticals.
The company’s tech team comprises more than 150 professionals. Micropro Software serves over 4,000 customers catering to countries like India, the USA, UAE, and Africa.
Micropro Software provides the following services such as:
- IT Infrastructure Management Services
- Virtualization Services
- Storage and Backup Management
- Network Management
- Security Management
- Database Management
- Middleware Administration
- Data Centre Operations Management
- Application Management
- Remote Infrastructure Management Services
- On-Site Support Services
- IMS Delivery Model
- Engagement Delivery Model
- Service Delivery Approach
Promoters of Micropro Software – Mr. Sanjay Yadavrao Mokashi, Mr. Hitesh Dhirajlal Parikh, Mr. Prashant Renukadas Rajurkar, Mrs. Meenakshi Sanjay Mokashi, Mrs. Shefali Hitesh Parikh, and Mrs. Swati Prashant Rajurkar
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Micropro Software IPO Details
| Micropro Software IPO Dates | 3 – 7 November 2023 |
| Micropro Software Issue Price | INR 81 per share |
| Fresh issue | 37,90,400 shares (INR 30.70 crore) |
| Offer For Sale | NIL |
| Total IPO size | 37,90,400 shares (INR 30.70 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 129,600) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
Micropro Software Solutions Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 2M FY 2024 |
| Revenue | 13.88 | 17.44 | 22.06 | 2.71 |
| Expenses | 12.11 | 13.84 | 13.95 | 2.10 |
| Net income | 1.30 | 2.67 | 5.92 | 0.48 |
Micropro Software Solutions Offer News
- Micropro Software Solutions RHP
- Micropro Software Solutions Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Micropro Software Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.26 | 2.61 | 5.78 |
| PE ratio | – | – | 14.01 |
| RONW (%) | 16.42 | 25.30 | 35.93 |
| NAV | 315.54 | 422.39 | 659.28 |
| ROCE (%) | 17.00 | 24.00 | 41.00 |
| EBITDA (%) | 16.71 | 24.55 | 41.84 |
| Debt/Equity | 0.56 | 0.56 | 0.24 |
Micropro Software IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 9 November 2023 | 10 | – | 9,000 |
| 8 November 2023 | 25 | – | 30,000 |
| 7 November 2023 | 26 | – | 32,000 |
| 6 November 2023 | 30 | – | 35,000 |
| 4 November 2023 | 30 | – | 34,500 |
| 3 November 2023 | 30 | – | 34,500 |
| 2 November 2023 | 30 | – | 32,000 |
| 1 November 2023 | 30 | – | 32,000 |
| 31 October 2023 | 35 | – | 34,000 |
Micropro Software IPO Subscription – Live Updates
| Category | NII | Retail | Total |
|---|---|---|---|
| Shares Offered | 1,990,400 | 1,800,000 | 3,790,400 |
| 7 Nov 2023 | 20.53 | 49.07 | 34.08 |
| 6 Nov 2023 | 2.06 | 17.87 | 9.57 |
| 3 Nov 2023 | 0.31 | 3.62 | 1.88 |
Micropro Software IPO Allotment Status
Micropro Software IPO allotment status is now available on Purva Sharegistry’s website. Click on this link to get allotment status.
Micropro Software IPO Dates & Listing Performance
| Micropro Software Solutions IPO Opening Date | 3 November 2023 |
| Micropro Software Solutions IPO Closing Date | 7 November 2023 |
| Finalization of Basis of Allotment | 9 November 2023 |
| Initiation of refunds | 9 November 2023 |
| Transfer of shares to demat accounts | 10 November 2023 |
| IPO Listing Date | 10 November 2023 |
| Opening Price on NSE SME | INR 80 per share (down 1.23%) |
| Closing Price on NSE SME | INR 76 per share (down 6.17%) |
Micropro Software Offer Lead Manager
SWARAJ SHARES AND SECURITIES PRIVATE LIMITED
304, A Wing, 215 Atrium Near Courtyard Marriot,
Andheri Kurla Road, Andheri East, Mumbai – 400093
Maharashtra, India
Phone: +91-22-6964-9999
Email:Â [email protected]
Website: www.swarajshares.com
Micropro Software Offer Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone:Â +91 022 4961 4132
Email:Â [email protected]
Website: www.purvashare.com
Micropro Software Contact Details
MICROPRO SOFTWARE SOLUTIONS LIMITED
Plot No. 28, 702, Wing A, 7th Floor, IT Park,
Gayatri Nagar, Nagpur – 440022, Maharashtra
Phone: +91-9373693405
E-mail: [email protected]
Website: www.microproindia.com
IPO FAQs
What is Micropro Software IPO offer size?
Micropro Software offer size is INR 30.70 crores.
What is the Micropro Software offer price band?
Micropro Software public offer price is INR 81 per share.
What is the lot size of Micropro Software public offer?
Micropro Software offer lot size is 1,600 shares.
What is Micropro Software IPO GMP today?
Micropro Software IPO GMP today is INR 10 per share.
What is Micropro Software kostak rate today?
Micropro Software kostak rate today is INR NA per application.
What is Micropro Software Subject to Sauda rate today?
Micropro Software Subject to Sauda rate today is INR 9,000 per application.
