Micropro Software Solutions IPO vs ROX Hi-Tech IPO

Comparision between Micropro Software Solutions IPO and ROX Hi-Tech IPO.

IPO Details

Micropro Software Solutions IPO is a SME Book Built Issue IPO proposed to list at NSE SME while ROX Hi-Tech IPO is a SME Book Built Issue proposed to list at NSE SME.

	Micropro Software Solutions IPO	ROX Hi-Tech IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Swaraj shares and securities private limited	Swaraj shares and securities private limited
Registrar	Purva Sharegistry India Pvt Ltd	Purva Sharegistry India Pvt Ltd
Market Maker	Nikunj Stock Brokers Limited	Share India Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Micropro Software Solutions IPO is up to ₹30.70 Cr whereas the issue size of the ROX Hi-Tech IPO is up to ₹54.49 Cr. The final issue price of Micropro Software Solutions IPO is ₹81.00 per share and of ROX Hi-Tech IPO is ₹83.00 per share.

	Micropro Software Solutions IPO	ROX Hi-Tech IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹80.00 per share
Issue Price (Upper)		₹83.00 per share
Issue Price (Final)	₹81.00 per share	₹83.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	37,90,400 shares	60,17,600 shares
Fresh Issue Size (Amount)	up to ₹30.70 Cr	up to ₹49.95 Cr
OFS Issue Size		5,47,200 shares
OFS Issue Size (Amount)		up to ₹4.54 Cr
Issue Size Total	37,90,400 shares	65,64,800 shares
Issue Size Total (Amount)	up to ₹30.70 Cr	up to ₹54.49 Cr

IPO Timetable

Micropro Software Solutions IPO opens on Nov 03, 2023, while ROX Hi-Tech IPO opens on Nov 07, 2023. The closing date of Micropro Software Solutions IPO and ROX Hi-Tech IPO is Nov 07, 2023, and Nov 09, 2023, respectively.

	Micropro Software Solutions IPO	ROX Hi-Tech IPO
Anchor Bid Date		Nov 06, 2023
Issue Open	Nov 03, 2023	Nov 07, 2023
Issue Close	Nov 07, 2023	Nov 09, 2023
Basis Of Allotment (Tentative)	Nov 09, 2023	Nov 15, 2023
Initiation of Refunds (Tentative)	Nov 10, 2023	Nov 16, 2023
Credit of Share (Tentative)	Nov 10, 2023	Nov 16, 2023
Listing date (Tentative)	Nov 10, 2023	Nov 16, 2023
Anchor Lockin End date 1	Dec 09, 2023	Dec 15, 2023
Anchor Lockin End date 2	Feb 07, 2024	Feb 13, 2024

Financials

Micropro Software Solutions IPO P/E ratio is 0.34, as compared to ROX Hi-Tech IPO P/E ratio of 9.11.

Micropro Software Solutions IPO

ROX Hi-Tech IPO

Financial

Micropro Software Solutions Limited Financial Information (Restated)

Micropro Software Solutions Limited's revenue increased by 26.32% and profit after tax (PAT) rose by 121.69% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 May 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,411.30	2,559.57	2,048.58	1,547.57
Revenue	275.95	2,217.20	1,755.17	1,392.48
Profit After Tax	47.65	592.23	267.14	129.51
Net Worth		1,648.21	1,055.98	788.84
Reserves and Surplus	1,670.86	1,623.21	1,030.98	763.84
Total Borrowing	338.03	397.97	592.05	437.81
Amount in ₹ Lakhs

ROX Hi-Tech Limited Financial Information (Restated)

ROX Hi-Tech Limited's revenue increased by 30.12% and profit after tax (PAT) rose by 913.13% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Jul 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	8,010.87	6,103.26	3,866.72	3,887.58
Revenue	5,001.20	13,398.85	10,297.25	6,547.94
Profit After Tax	675.89	1,532.97	151.31	66.15
Net Worth	3,090.93	2,415.03	882.06	730.75
Reserves and Surplus	1,409.05	1,667.53	134.56	405.75
Total Borrowing	2,838.79	2,258.36	1,794.59	1,135.32
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

63.40%

83.29%

Promoter Shareholding (Post-Issue)

46.59%

P/E Ratio

0.34

9.11

Market Cap

₹116.48 Cr.

₹189.52 Cr.

ROE

44%%

63.48%%

ROCE

41%%

50.17%%

Debt/Equity

0.13

0.94

EPS

₹5.78

₹9.11

RoNW

35.93%%

63.48%%

Shares Offered

In the Micropro Software Solutions IPO retail investors (RII) are offered 18,00,000 shares while in ROX Hi-Tech IPO retail investors are offered 18,00,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Micropro Software Solutions IPO and 10,51,200 shares in ROX Hi-Tech IPO.

	Micropro Software Solutions IPO	ROX Hi-Tech IPO
Anchor Investor Reserveration		15,80,800 shares
Market Maker Reserveration	1,90,400 shares	8,48,000 shares
QIB	0 shares	10,51,200 shares
NII	18,00,000 shares	8,96,000 shares
RII	18,00,000 shares	21,93,600 shares
Employee	0 shares	0 shares
Others
Total	36,00,000 shares	41,40,800 shares

Bids Received (Subscription)

Micropro Software Solutions IPO subscribed 36.88x in total, whereas ROX Hi-Tech IPO subscribed 214.44x.

	Micropro Software Solutions IPO	ROX Hi-Tech IPO
QIB (times)		106.25x
NII (times)	22.60x	366.86x
Big NII (times)
Small NII (times)
RII (times)	49.08x	204.02x
Employee (times)
Other (times)
Total (times)	36.88x	214.44x

Compare with others

Micropro Software Solutions IPO	ROX Hi-Tech IPO
Kalyani Cast Tech IPO	Deepak Chemtex IPO
ROX Hi-Tech IPO	Swashthik Plascon IPO
Sunrest Lifescience IPO	Rockingdeals Circular Economy IPO
Sheetal Universal IPO	Arrowhead Seperation Engineering IPO
Baba Food Processing IPO	Kalyani Cast Tech IPO
SAR Televenture IPO	Sunrest Lifescience IPO
Vrundavan Plantation IPO	Sheetal Universal IPO
Mish Designs IPO	Baba Food Processing IPO
KK Shah Hospitals IPO	Micropro Software Solutions IPO
Transteel Seating Technologies IPO	SAR Televenture IPO

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