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Micropro Software IPO

Micropro Software Solutions IPO

  • Status: Closed
  • RHP:
  • ₹ 129,600 / 1600 shares

    Minimum Investment

IPO Details

  • Open Date

    03 Nov 2023

  • Close Date

    07 Nov 2023

  • IPO Price Range

    ₹ 81

  • IPO Size

    ₹ 30.70 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    16 Nov 2023

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IPO Timeline

Micropro Software Solutions IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

Micropro Software Solutions Limited IPO is all set to open from 3rd November to 7th November 2023. The company is engaged in the business of providing IT services. The IPO includes a fresh issue of 3,790,400 shares worth ₹30.70 cr. The share allotment date is 10th November, and the IPO will be listed on 16th November on the stock exchanges. The price is ₹81 per share and the lot size is 1600 shares.    

Swaraj Shares and Securities Private Limited is the book-running lead manager for this IPO, while  Purva Sharegistry India Pvt Ltd is the registrar. 

Objectives of Micropro Software IPO:

Micropro Software Solutions Limited plans to utilize the raised capital from the IPO to:
●    For working capital and capital expenditure requirements.
●    General corporate purposes.

Established in 1988, Micropro Software Solutions Limited is engaged in the business of providing IT services. It has ISO 9001:2015 certification for quality and offers services in the domain of software development, consulting, and technical services. The company delivers cost-effective IT solutions to its clients. Its services can be divided into four major categories i) IT Infrastructure Management Services ii) Network and Security Services iii) Cloud Computing Services iv) Manpower Services.

Micropro Software Solutions specializes in designing, developing, standardizing, and customizing software solutions across diverse industry sectors. The company has a presence in India in addition to other countries including the US, UAE and Africa with a base of 4000+ clients. 

Peer Comparison

●    Softtech Engineers Limited
●    Persistent Systems Limited
●    Compucom Software Limited

For More Information:
Webstory on Micropro Software IPO
Micropro Software IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 22.05 17.44 13.88
EBITDA 9.21 4.22 2.28
PAT 5.92 2.67 1.29
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 25.60 20.49 15.48
Share Capital 0.25 0.25 0.25
Total Borrowings 9.11 9.93 7.59
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 1.63 2.83 1.94
Net cash from / (used in) investing activities -0.019 -4.56 -0.38
Net cash flow from / (used in) financing activities -2.25 1.28 0.183
Net increase (decrease) in cash and cash equivalents -0.64 -0.64 1.74


Strengths

1.    The company has long-standing client relationships.
2.    Track record of financial performance and consistent growth.
3.    The company’s Board and Senior Management are experienced. 
4.    Planning to expand its geographical footprint.
 

Risks

1.    The company can be subjected to intellectual property infringement claims by other companies which could materially increase costs.
2.    Operates in a highly competitive industry. 
3.    Subject to forex rate fluctuations. 
4.    International sales and operations subject us to additional risks that can adversely affect the business. 
 

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FAQs

The minimum lot size of Micropro Software IPO is 1600 shares and the investment required is ₹1,29,600.

The price for Micropro Software IPO is ₹81 per share. 

Micropro Software Solutions IPO opens from 3rd November to 7th November 2023.
 

The size of Micropro Software IPO is ₹30.70 cr. 

The share allotment date of Micropro Software IPO is 10th November 2023.

The Micropro Software IPO will be listed on 16th November 2023.

Swaraj Shares and Securities Private Limited is the book-running lead manager for Micropro Software IPO.

Micropro Software Solutions Limited plans to utilize the raised capital from the IPO to:

1.    For working capital and capital expenditure requirements.
2.    General corporate purposes.
 

To apply for Micropro Software IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Micropro Software Solutions Limited IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
●    You will receive a mandate notification to block funds in your UPI app.