Micropro Software Solutions IPO Date, Review, Price, Allotment Details

Micropro Software Solutions IPO Limited is an IT service company established in 1988. They specialize in software development, consulting, and technical services, providing cost-effective IT solutions to their clients.

The company is involved in designing, developing, standardizing, and customizing software solutions for various industry sectors. They maintain a policy of not outsourcing activities to third-party vendors, ensuring that they deliver services directly to their customers. Their services encompass a wide range of IT solutions, including IT infrastructure management, server management, virtualization services, storage and backup management, network management, security management, database management, middleware administration, and data center operations management.

Micropro Software Solutions caters to more than 4,000 clients in India, the USA, the UAE, and Africa. They offer their services to a diverse range of organizations, including government agencies, with a strong focus on e-governance as an integral part of their software development services.

Micropro Software Solutions IPO Timeline

Micropro Software Solutions IPO opens on November 3, 2023, and closes on November 7, 2023.

IPO Open DateFriday, November 3, 2023
IPO Close DateTuesday, November 7, 2023
Basis of AllotmentFriday, November 10, 2023
Initiation of RefundsMonday, November 13, 2023
Credit of Shares to DematWednesday, November 15, 2023
Listing DateThursday, November 16, 2023
Cut-off time for UPI mandate confirmation5 PM on November 7, 2023

Micropro Software Solutions IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Retail (Min)11600₹129,600
Retail (Max)11600₹129,600
HNI (Min)23,200₹259,200

About the Issue

Micropro Software Solutions IPO is a fixed price issue of Rs 30.70 crores. The issue consists entirely of fresh shares, with 37.9 lakh shares being offered.

The subscription period for Micropro Software Solutions IPO opens on November 3, 2023, and closes on November 7, 2023. The IPO allotment is expected to be finalized on Friday, November 10, 2023. Micropro Software Solutions IPO will be listed on NSE SME, with a tentative listing date set for Thursday, November 16, 2023.

The price of each share in the Micropro Software Solutions IPO is ₹81. The minimum lot size for an application is 1600 shares, requiring a minimum investment of ₹129,600 for retail investors. HNIs need to apply for a minimum of 2 lots, equivalent to 3,200 shares, which amounts to ₹259,200.

Micropro Software Solutions Limited Financials

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 Ended31 May 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax47.65592.23267.14129.51
Net Worth1,648.211,055.98788.84
Reserves and Surplus1,670.861,623.211,030.98763.84
Total Borrowing338.03397.97592.05437.81

Objects of the Issue:

  • Working capital requirements;
  • Funding capital expenditure requirements;
  • General Corporate purposes

Micropro Software Solutions IPO Registrar

Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/queries/

Company Address

Micropro Software Solutions Limited
Plot No. 28, 702, Wing A
7th Floor, IT Park,
Gayatri Nagar, Nagpur-440022,
Phone: +91-9373693405
Email: compliance@microproindia.com
Website: www.purvashare.com/queries/

Micropro Software Solutions IPO FAQs

What is Micropro Software Solutions IPO?

Micropro Software Solutions IPO is an NSE SME IPO. They are going to raise ₹30.70 Crores via IPO. The issue is priced at ₹81 per equity share. The IPO is to be listed on NSE.

When Micropro Software Solutions IPO will open?

The IPO is to open on November 7, 2023 for NII, and Retail Investors.

What is Micropro Software Solutions IPO Investors Portion?

The investors’ portion for NII is 50%, and Retail is 50%.

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