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Micropro Software Solutions Limited

Micropro Software Solutions Limited

smelisted
Registrar: PURVA SHAREREGISTRY (INDIA) PRIVATE LIMITED · Listing 2023-11-10
IPO Timeline
Today · 20 Oct 2026
Opens
03 Nov 2023
Closes
07 Nov 2023
Allotment
05 Nov 2023
Refund
13 Nov 2023
Demat
10 Nov 2023
Listing
10 Nov 2023
Price Band
₹81–81
GMP
₹0
0%
Lot Size
1600 Shares
Min ₹129,600
Subscription
0x
Issue Size
₹30.7 Cr
Open
2023-11-03
Close
2023-11-07
Listing
2023-11-10

About the company

## **About  Micropro Software Solutions Limited** Incorporated in 1988, Micropro Software Solutions Limited is in the business of catering to multiple aspects of professional IT Services, the company designs, develops, standardizes, and customizes, in case of need, software solutions across various industry verticals. They do not outsource activities to third party vendors while providing the service to the customers. The company works hard to fetch customer loyalty by considering their clients as equal business partners.’ with a vision ‘Strive hard to create customer-oriented organization that focuses on customer satisfaction by providing consistent & innovative IT solutions through continuous improvement in business processes and optimal utilization of human resources by building long-term relations by providing exciting & learning environment to explore their full potential.’ Micropro Software Solutions Limited is set to debut its initial public offering (IPO). The proceeds generated from the Fresh Issue will be allocated towards the following objectives 1. Working capital requirements;  1. Funding capital expenditure requirements;  1. General Corporate purposes. Here are key details about the Micropro Software Solutions Limited IPO: Company Name| **Micropro Software Solutions Limited Limited**|  | Company Type|  ---|---|---|---|--- Company Established On|**1988**| ### ###

Strengths

    Risks

      Financial performance (₹ Cr)

      IPO Roadmap / Timeline

      Current Status · as of 20 Oct 2026
      Listed
      Listed on 10 Nov 2023
      Listed 1075 days ago
      1. IPO Opens

        Completed
        03 Nov 2023

        Bidding starts for all investor categories

      2. IPO Closes

        Completed
        07 Nov 2023

        Last day to place your bid

      3. Basis of Allotment

        Completed
        05 Nov 2023

        Share allotment finalised

      4. Refund Initiation

        Completed
        13 Nov 2023

        Refunds credited for non-allottees

      5. Credit to Demat

        Completed
        10 Nov 2023

        Allotted shares credited to demat account

      6. Listing on Exchange

        Completed
        10 Nov 2023

        Shares list on NSE / BSE

      Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.

      Lot size & minimum investment

      Lot Size
      1600 shares
      Price / Share (upper)
      ₹81
      Min Investment (1 lot)
      ₹129,600
      Price Band
      ₹81–81
      Retail / Individual
      1 lot only
      Min lots
      1
      Min shares
      1600
      Min amount
      ₹129,600
      Max amount
      ₹129,600
      HNI
      Min 2 lots
      Min lots
      2
      Min shares
      3200
      Min amount
      ₹259,200
      Max amount
      ₹259,200

      Shares reserved per category & allotment probability

      QIB
      100% allotment
      Reservation
      50%
      Amount
      ₹15.35 Cr
      Shares offered
      1,895,062
      Shares bid
      0
      Subscribed
      0.00x
      NII
      100% allotment
      Reservation
      15%
      Amount
      ₹4.6 Cr
      Shares offered
      568,518
      Shares bid
      0
      Subscribed
      0.00x
      Retail
      100% allotment
      Reservation
      35%
      Amount
      ₹10.74 Cr
      Shares offered
      1,326,543
      Shares bid
      0
      Subscribed
      0.00x

      Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).