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Micropro Software Solutions IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Nagpur and caters to Information Technology - Data Solutions sector. Swaraj Shares And Securities Private is the merchant banker of Micropro Software Solutions IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 1st August 2023.
Micropro Software Solutions IPO open date is 3rd November 2023 and close date is 7th November 2023. IPO Allotment Date is 9th November 2023 and Listing date is 10th November 2023.Micropro Software Solutions IPO size is Rs 30.70 Cr. crores with IPO price of Rs 81.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Swaraj Shares and Securities Private Limited is the book-running lead manager of the Micropro Software Solutions IPO. Purva Sharegistry India Private Limited is the Registrar and Market Maker is Nikunj Stock Brokers Limited for Micropro Software Solutions IPO.
Micropro Software Solutions IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Micropro Software Solutions IPO, based in Nagpur, operates in the Information Technology - Data Solutions sector with a focus on software dev data processing software training. The company is launching its SME IPO on the NSE EMERGE exchange, using the Fixed Price Issue method. Micropro Software Solutions IPO size is ₹ 30.70 Cr. Crores with fresh issue size of Rs 30.70 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Micropro Software Solutions IPO is expected to be 9th November 2023, after the finalization of basis of allotment. Investors can check Micropro Software Solutions IPO allotment status on the registrars website, Purva Sharegistry India Private Limited. Micropro Software Solutions IPO refund dates are 10th November 2023.
Micropro Software Solutions IPO is expected to be listed on 10th November 2023.
The upper price band for the Micropro Software Solutions IPO is set at ₹ 81.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Micropro Software Solutions IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Micropro Software Solutions IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 7th November 2023. After submission, funds are blocked until the basis of allotment of Micropro Software Solutions IPO is finalised.
The merchant banker for Micropro Software Solutions IPO is Swaraj Shares and Securities Private Limited . Swaraj Shares and Securities Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Micropro Software Solutions IPO RHP for further details.
The registrar for Micropro Software Solutions IPO is Purva Sharegistry India Private Limited. Investors can go to Purva Sharegistry India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Micropro Software Solutions IPO through their official website or helpline.
Micropro Software Solutions IPO was subscribed 36.88 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 30.70 Cr.
Avg IPO Size (Sector Based)
:
₹ 23.76 Cr.
Sector: Information Technology - Data Solutions
SME IPO so far:
48
Merchant Banker:
Swaraj Shares
SME IPO by BRLM so far:
47
City:
Nagpur
SME IPO so far:
17
Revenue (annualised):
₹ 16.56 cr.
PE
Ratio:
40.70x
Average Sector PE Ratio: 18.61x
Micropro Software Solutions IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Micropro Software Solutions Financial Review Page
Merchant Banker(s) of Micropro Software Solutions IPO: Swaraj Shares and Securities Private Limited
Micropro Software Solutions IPO subscription was 36.88 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Micropro Software Solutions IPO listed at a listing price of 80.00 against the offer price of 81.00.
The current market price of Micropro Software Solutions is 27.10.
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