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Micropro Software Solutions Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Micropro Software Solutions Ltd IPO

Registered Office: Plat # 28 702 Wing A 7th Floor,IT Park Gayatri Nagar , Nagpur - 440022 , Maharashtra , India.
Phone : +91-9373693405   Fax:
Email :  compliance@microproindia.com  
Website :  www.microproindia.com
Initial public issue of 37,90,400 equity shares of face value of (Rs)10.00/- each ("Equity Shares") of Micropro Software Solutions Limited (the "Company" or the "Issuer") for cash at a price of (Rs)81.00 per equity share including a share premium of (Rs)71.00/- per equity share (the "Issue Price") aggregating to (Rs)30.70 crores ("The Issue"), of which up to 1,90,400 equity shares for cash at a price of (Rs)81.00/- per equity share including a share premium of (Rs)71.00 per equity share aggregating to (Rs)1.54 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., net issue of 36,00,000 equity shares at a price of (Rs)81.00 per equity share aggregating to (Rs)29.16 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.36% and 25.03% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is (Rs)10.00/- each and the issue price is (Rs)81.00/- which is 8.1 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
03-Nov-23 07-Nov-23 (Rs)81.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1600  Further Multiples of :1600

  (Rs Cr) Lead Managers to the Issue
Project Cost 26.19
Swaraj Shares & Securities Pvt Ltd
Project Financed through Current Offer 30.70  
Post Issue Equity Share Capital 14.30  
Issue Price (Rs)81.00  
 
Projects
Working Capital RequirementsGeneral Corporate Expenses
Funding Capital Expenditure Requirements
Promoted By
Hitesh Dhirajlal Parikh  
Sanjay Yadavrao Mokashi  
Prashant Renukadas Rajurkar  
Listing At
NSE - SME 
Registrar to the Issue
Purva Sharegistry (India) Pvt