Micropro Software Solutions Limited
ListedSMEEmerging SME Services · NSE
Incorporated in 1988, Micropro is an ISO 9001:2015 certified IT services company engaged in software development, data processing, and software training. With a team of over 150 professionals, the company serves more than 4,000 customers across India, USA, UAE, and Africa, including government organisations, PSUs, and corporate clients. Micropro offers a wide range of IT solutions such as IT infrastructure management, server and network management, virtualization, storage and backup management, security management, database management, middleware administration, and data centre operations management for various industry verticals.
Price Band
₹81
Issue Size
₹30.70 Cr
Lot Size
1600 shares
GMP
₹6
+7.4%
Est. Listing
₹87
at current GMP
Subscribed
35.89x
overall
Open
3 Nov 2023
Close
7 Nov 2023
Allotment
8 Nov 2023
Refund
9 Nov 2023
Demat Credit
10 Nov 2023
Listing
10 Nov 2023
Last updated 12 months ago
Official Registrar Verification
Micropro Software Solutions Limited Allotment Status
Designated Registrar: Purva Sharegistry India Private Limited
Allotment Date
8 Nov 2023
Basis finalization
Refunds Initiate
9 Nov 2023
Mandate release
Demat Credit
10 Nov 2023
Shares in demat
Listing Debut
10 Nov 2023
Trading begins
How to Check Micropro Software Solutions Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Purva Sharegistry India Private Limited's allotment portal.
- Select Micropro Software Solutions Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Micropro Software Solutions Limited Public Issue & Market Profile
Micropro Software Solutions Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹30.7 Crores. The shares are offered at a price band of ₹81 to ₹81 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Public Issue & Allotment Procedure:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1600 shares (approx. ₹1,29,600 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Official Allotment Timelines & Registrar Guidance:
Allotment reconciliation will be managed by Purva Sharegistry India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-11-10, while un-allotted funds or UPI block mandates will be released on 2023-11-09.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.