Micropro Software Solutions IPO GMP, Details, Date, Price, Allotment 2023

Micropro Software Solutions IPO description – Micropro Software Solutions  India Limited is coming up with its Initial public offering. The IPO will be open for subscription on November 3, 2023

 

Micropro Software Solutions IPO – Details

 

IPO Open Date 03 November 2023
IPO Close Date 07 November 2023
Issue Type Fixed Price Issue IPO
Issue Size 37,90,400 Shares Worth ₹30.70 Crore

Fresh Issue: 37,90,400 Shares Worth ₹30.70 Crore

Face Value ₹10 per equity share
IPO Price ₹81
Market Lot 1600 Shares
Minimum Order 1600 Shares (1 Lot)
Listing At NSE SME
Register Purva Sharegistry India Pvt Ltd
Retail Shares Offered 50%
Other Shares Offered 50%

 

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Micropro Software Solutions IPO – Date Schedule

 

IPO Opening Date 03 November 2023
IPO Closing Date 07 November 2023
Finalization of Basis of Allotment 10 November 2023
Refunds Initiation 13 November 2023
Transfer of shares to demat accounts 15 November 2023
Listing Date of IPO 16 November 2023

 

Micropro Software Solutions IPO GMP

Micropro Software Solutions  IPO- about company 

 

Micropro Software Solutions Limited is an IT service company engaged in the business of Software Development, Data Processing, and Software Training. The Company is an ISO 90001:2015 Company.

The company’s tech team comprises more than 150 professionals. The company serves over 4000 customers catering to countries like India, USA, UAE and Africa. The company also provides software solutions for the government sector, PSU’s and corporate clients.

The company provides following services such as:

  • IT Infrastructure Management Services.
  • Virtualization Services.
  • Server Management.
  • Database Management.
  • Storage and Backup Management.
  • Network Management.
  • Middleware Administration.
  • Data Centre Operations Management.
  • Security Management.

 

Micropro Software Solutions  IPO- industry overview 

 

The global information technology market grew from $8179.48 billion in 2022 to $8852.41 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The information technology market is expected to grow to $11995.97 billion in 2027 at a CAGR of 7.9%.

 

Micropro Software Solutions  Financial Performance

 

  FY 2021 FY 2022 FY 2023
Revenue 13.88 17.44 22.06
Expenses 12.11 13.84 13.9
Net income 1.30 2.67 5.92

Figures in INR Crores

 

Micropro Software Solutions  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 Solutions IPO Prospectus

 

 

Micropro Software Solutions IPO -Competitive Strengths

 

  • Quality and focus on customer satisfaction.
  • Satisfactory track record.
  • Expertise.

 

Object Of The Issue

  • Working capital requirements.
  • General Corporate Purposes.
  • Funding capital expenditure requirements.

 

Micropro Software Solutions  IPO GMP Today

 

Date IPO GMP Kostak Subject to Sauda
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 Solutions  IPO Allotment Status

Micropro Software IPO allotment status will be available on Purva Sharegistry’s website. Click on this link to get allotment status.

Micropro Software Solutions  IPO – Lots Size & Price

 

Application Lots Shares Amount ( Cut-Off)
Retail (Min) 1 1600 1,29,600
Retail (Max) 1 1600 1,29,600
HNI (Min) 2 3200 2,59,200

 

 

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