ListedSMEMICROPRO

Micropro Software Solutions Limited

Micropro Software Solutions Limited is a sme IPO raising ₹31 Cr at a fixed price of ₹81 a share. It listed on 10 Nov 2023 and trades at ₹19 today, −76.0% against its issue price of ₹81. It was subscribed 0.00× in total.

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₹81

Issue price

₹19

Price now

−76.0%

Since issue price

10 Nov 2023

Listed on

0.00×Subscribed (final) · all exchanges

No bids yet

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Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Issue price (fixed)₹81

Cut-off price₹81

Issue size₹31 Cr

Shares per lot1600

Minimum application₹1,29,600

Minimum quantity1600

Face value₹10

Listing exchanges—

ISININE0PZK01014

Bidding hours10:00 – 17:00 IST

Bidding window3 Nov 2023 – 7 Nov 2023

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.