Micropro Software Solutions Ltd Share Price – NSE

IT - Software, Small Cap

Micropro Software Solutions will hold a meeting of the Board of Directors of the Company on 26 December 2023.

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The scrip was listed at Rs 80, down 1.23% over the initial public offer (IPO) price. The stock was currently frozen in a lower limit of 5% over its listing price.

The counter hit a high of Rs 80.80 and a low of Rs 76. About 4.19 lakh shares of the company changed hands at the counter.

Micropro Software Solutions' IPO was subscribed 34.07 times. The issue opened for bidding on 3 November 2023 and it closed on 7 November 2023. The price of the IPO was fixed at Rs 81 per share.

The IPO comprised fresh issue of 37,92,000 shares. The promoter and promoter shareholding diluted to 63.40% from 46.59% pre-IPO.

The company intends to utilize the net proceeds for working capital requirements, funding capital expenditure requirements and general corporate expenses.

Micropro Software Solutions designs, develops, standardizes, and customizes, in case of need, software solutions across various industry verticals. It acts like an end-to-end IT solution specialist service provider for clients which enables them to offload their IT operations. The company has total 124 employees.

The company recorded revenue from operations of Rs 27.06 crore and net profit of Rs 0.47 crore for the period as on 31 May 2023.

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