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Open
3 Nov 2023
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Close
7 Nov 2023
3
Allotment
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Listing
Fri, Nov 10, 2023
Price Band
₹81 per share
Issue Size
37,90,400 shares (agg. up to ₹31 Cr)
Lot Size
1,600 Shares
Listing Date
Fri, Nov 10, 2023
Latest GMP
₹4
Est. Gain
4.94%
✦ AI Insight
GMP Trend
10-11-2023₹4Est. ₹85+4.94%
09-11-2023₹4Est. ₹85+4.94%
08-11-2023₹4Est. ₹85+4.94%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 35.11x |
Restated Financials (₹ Cr.)
| Period Ended | 31 May 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 24.11 | 25.60 | 20.49 | 15.48 |
| Total Income | 2.76 | 22.17 | 17.55 | 13.92 |
| Profit After Tax | 0.48 | 5.92 | 2.67 | 1.30 |
| NET Worth | 16.48 | 10.56 | 7.89 | |
| Reserves and Surplus | 16.71 | 16.23 | 10.31 | 7.64 |
| Total Borrowing | 3.38 | 3.98 | 5.92 | 4.38 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Canarys Automations Ltd. | SME | ₹47.03 Cr | ₹31 | 15.82 | ₹41.30 | +33.23% | ₹18.75 (-0.27%) |
| Kody Technolab Ltd. | SME | ₹27.52 Cr | ₹160 | 22.66 | ₹178.50 | +11.56% | ₹1,278.95 (-0.66%) |
| Yudiz Solutions Ltd. | SME | ₹44.84 Cr | ₹165 | 61.8 | ₹181.40 | +9.94% | ₹23.25 (-4.91%) |
| AccelerateBS India Ltd. | SME | ₹5.69 Cr | ₹90 | 27.27 | ₹114.97 | +27.74% | ₹100.23 (-5.00%) |
| Systango Technologies Ltd. | SME | ₹34.82 Cr | ₹90 | 15.13 | ₹102.90 | +14.33% | ₹222.55 (-1.92%) |
| All E Technologies Ltd. | SME | ₹48.20 Cr | ₹90 | 15.36 | ₹131.25 | +45.83% | ₹139.95 (-2.20%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working capital requirements | 8.50 |
| 2 | Funding capital expenditure requirements | 12.85 |
| 3 | General corporate expenses | 4.84 |
About Micropro Software Solutions IPO
Incorporated in 1988, Micropro is an IT service company engaged in the business of Software Development, Data Processing, and Software Training. 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. Micropro is an ISO 90001:2015 company which designs software solutions across various industry verticals. The company provides following services such as:- IT Infrastructure Management Services. Server Management. Virtualization Services. Storage and Backup Management. Network Management. Security Management. Database Management. Middleware Administration. Data Centre Operations Management. + Read More
Contact Details
Micropro Software Solutions Ltd. AddressPlot No.28, 702, Wing A7th Floor, IT ParkGayatri NagarNagpur, Maharashtra, 440022+91-9373693405compliance@microproindia.comVisit Website