Micropro Software Solutions Ltd
Price Range
₹81
Min. Quantity
1,600
Closes on
7 November 2023
Min. investment
₹1,29,600/1,600 Shares
Micropro Software Solutions Ltd IPO Timeline
Micropro Software Solutions Limited was incorporated on September 05, 1996, as a Private Limited Company under the name and style of Micropro Software Solutions Private Limited. Thereafter, the Company was converted into a Public Limited Company and the name of the Company was changed to Micropro Software Solutions Limited' vide a fresh Certificate of Incorporation dated June 16, 2023, issued by Registrar of Companies, Mumbai.
| Event | Date |
|---|---|
| Micropro Software Solutions Ltd IPO Opening Date | 3 November 2023 |
| Micropro Software Solutions Ltd IPO Closing Date | 7 November 2023 |
| Basis of Allotment | 10 November 2023 |
| Initiation of Refunds | 13 November 2023 |
| Credit of Shares to Demat | 15 November 2023 |
| Micropro Software Solutions Ltd IPO Listing Date | 10 November 2023 |
Micropro Software Solutions Ltd IPO Details
| Micropro Software Solutions Ltd IPO Date | 3 November 2023 to 7 November 2023 |
| Micropro Software Solutions Ltd IPO Face Value | ₹10 per share |
| Micropro Software Solutions Ltd IPO Price | ₹81 to ₹0 per share |
| Micropro Software Solutions Ltd IPO Lot Size | 1,600 |
| Issue Size | Shares of ₹10 (aggregating up to ₹30.7 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹30.7 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Hitesh Dhirajlal Parikh, Sanjay Yadavrao Mokashi, Prashant Renukadas Rajurkar |
Micropro Software Solutions Ltd IPO Lot Size
The Micropro Software Solutions Ltd IPO lot size is 1,600 shares. A retail-individual investor can apply for up to 1 lots (1,600 shares or ₹1,29,600).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,600 | ₹1,29,600 |
| Maximum | 1 | 1,600 | ₹1,29,600 |
- Strengths
- Risks
- Opportunities
- Quality and focus on customer satisfaction.
- Expertise.
- Satisfactory track record.
Company Financials
Micropro Software Solutions Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 55.27 | 22.28 | 3.11 |
| 03-2023 | 26.49 | 22.17 | 5.73 |
| 03-2022 | 20.49 | 17.55 | 2.67 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Working Capital Requirements
- Funding Capital Expenditure Requirements
- General Corporate Expenses
Micropro Software Solutions Ltd IPO Promoter Holding
| Pre Issue Share Holding | 14.24% |
| Post Issue Share Holding | 10.47% |
Micropro Software Solutions Ltd IPO Subscription Status (Bidding Detail)
The Micropro Software Solutions Ltd IPO is subscribed 34.0916 times on 7 November 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 34.0916 |
Micropro Software Solutions Ltd IPO Prospectus
Micropro Software Solutions Ltd IPO Listing Date
| Listing Date | 10 November 2023 |
| BSE Script | 75780 |
| NSE Symbol | MICROPRO |
| Listing In | NSE - SME |
| ISIN | INE0PZK01014 |
| IPO Price | ₹81 |
| Face Value | ₹10 |
Company Contact Information
Plat # 28 702 Wing A 7th FloorIT Park Gayatri Nagar,Nagpur-440022
Phone: +91-9373693405
Email: compliance@microproindia.com
Website: www.microproindia.com
Micropro Software Solutions Ltd IPO Registrar
Micropro Software Solutions Ltd IPO Lead Manager(s)
- Swaraj Shares & Securities Pvt Ltd
FAQ
What is the issue size of Micropro Software Solutions Ltd IPO?
I have pre-applied for Micropro Software Solutions Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.