Micropro Software Solutions Limited IPO is set to launch on 3 November, 2023. The company initiated its business operations in the year 1988. It is engaged in the business of Data Processing, Software Development, Software training etc. The tech team of the firm consists of more than 150 employees. Customers of the company are spread across various locations like USA, India, UAE, Africa. They have more than 4000 customers across these locations. The software solutions of the company are also provided to PSUs and Government sector companies. Services offered by the company are Server management, IT infrastructure management Services, Virtualization Services, Network management, Storage and backup management, Security Management, Middleware administration, Database Management, Data centre operations management etc.
Micropro Software Solutions Limited IPO DETAILS
Micropro Software Solutions Limited IPO is set to launch on 3 November, 2023. The subscription timeline extends till 7 November, 2023. The size for the IPO is 30.70 Crore Rs. Shares issued through fresh issue mode are worth 30.70 Crore Rs. No shares are issued through offer for sale mode. The lot size is 1600 shares and the price is 81 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is Purva Sharegistry India Private Limited.
Tabular Description of Micropro Software Solutions Limited IPO
| IPO OPENING DATE | 3 November, 2023 |
| CLOSING DATE FOR IPO | 7 November, 2023 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 81 Rs per share |
| LOT SIZE | 1600 shares |
| MINIMUM ORDER QUANTITY | 1600 shares |
| ISSUE SIZE | 30.70 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 30.70 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 16 November, 2023 |
Micropro Software Solutions Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 3 November, 2023 |
| CLOSING DATE FOR IPO | 7 November, 2023 |
| IPO ALLOTMENT DATE | 10 November, 2023 |
| REFUNDS | 13 November, 2023 |
| DEMAT A/C CREDITED ON | 15 November, 2023 |
| IPO LISTING DATE | 16 November, 2023 |
Micropro Software Solutions Limited IPO begins for subscription from 3 November, 2023. The IPO subscription would continue till 7 November, 2023. The allotment status for the shareholders who applied would come on 10 November, 2023. The refunds for the ones who did not get allotment would be initiated on 13 November, 2023. The DEMAT accounts of shareholders would be credited on 15 November, 2023. The listing of the company would be completed on 16 November, 2023.
Micropro Software Solutions Limited IPO : Lead Managers
The lead managers are :
- Swaraj Shares and Securities Private Limited
The minimum lot size for the company is decided at 1600 shares. This holding accounts to 129600 Rs.. The maximum lot size is decided at 3200 shares (HNI). This amounts to 259200 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1600 shares | 129600 Rs. |
| Maximum | 3200 shares | 259200 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 1547 | 2048 | 2559 |
| Revenue | 1392 | 1755 | 2217 |
| PAT | 129 | 267 | 592 |
Micropro Software Solutions Limited had an asset base of 1547 Lakh Rs in the year 2021. This increased to 2048 Lakh Rs in the year 2022 and 2559 Lakh Rs in the year 2023. The revenue of the firm was 1392 Lakh Rs in 2021 which increased to 1755 Lakh Rs in 2022 and 2217 Lakh Rs in 2023. The profit of the firm was 129 Lakh Rs in 2021 and this increased to 267 Lakh Rs in 2022 and 592 Lakh Rs in 2023.
PROS
- The tech team of the firm consists of more than 150 employees.
- Customers of the company are spread across various locations like USA, India, UAE, Africa. They have more than 4000 customers across these locations.
- The software solutions of the company are also provided to PSUs and Government sector companies.
- Services offered by the company are Server management, IT infrastructure management Services, Virtualization Services, Network management, Storage and backup management, Security Management, Middleware administration, Database Management, Data centre operations management etc.
CONS
- The company works in a highly competitive segment.
Micropro Software Solutions Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Micropro Software Solutions Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
