Micropro Software Solutions IPO vs Vrundavan Plantation IPO

Comparision between Micropro Software Solutions IPO and Vrundavan Plantation IPO.

IPO Details

Micropro Software Solutions IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Vrundavan Plantation IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Micropro Software Solutions IPO	Vrundavan Plantation IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Swaraj shares and securities private limited	Interactive Financial Services Ltd
Registrar	Purva Sharegistry India Pvt Ltd	Kfin Technologies Limited
Market Maker	Nikunj Stock Brokers Limited	Nikunj Stock Brokers Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
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 Vrundavan Plantation IPO is up to ₹15.29 Cr. The final issue price of Micropro Software Solutions IPO is ₹81.00 per share and of Vrundavan Plantation IPO is ₹108.00 per share.

	Micropro Software Solutions IPO	Vrundavan Plantation IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹81.00 per share	₹108.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1200 shares
Fresh Issue Size	37,90,400 shares	14,16,000 shares
Fresh Issue Size (Amount)	up to ₹30.70 Cr	up to ₹15.29 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	37,90,400 shares	14,16,000 shares
Issue Size Total (Amount)	up to ₹30.70 Cr	up to ₹15.29 Cr

IPO Timetable

Micropro Software Solutions IPO opens on Nov 03, 2023, while Vrundavan Plantation IPO opens on Oct 30, 2023. The closing date of Micropro Software Solutions IPO and Vrundavan Plantation IPO is Nov 07, 2023, and Nov 01, 2023, respectively.

	Micropro Software Solutions IPO	Vrundavan Plantation IPO
Anchor Bid Date		Oct 30, 2023
Issue Open	Nov 03, 2023	Oct 30, 2023
Issue Close	Nov 07, 2023	Nov 01, 2023
Basis Of Allotment (Tentative)	Nov 09, 2023	Nov 05, 2023
Initiation of Refunds (Tentative)	Nov 10, 2023	Nov 06, 2023
Credit of Share (Tentative)	Nov 10, 2023	Nov 06, 2023
Listing date (Tentative)	Nov 10, 2023	Nov 06, 2023
Anchor Lockin End date 1	Dec 09, 2023	Dec 05, 2023
Anchor Lockin End date 2	Feb 07, 2024	Feb 03, 2024

Financials

Micropro Software Solutions IPO P/E ratio is 0.34, as compared to Vrundavan Plantation IPO P/E ratio of 34.62.

Micropro Software Solutions IPO

Vrundavan Plantation 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

Vrundavan Plantation Limited Financial Information (Restated)

Period Ended	31 May 2023
Assets	2,321.67
Revenue	180.68
Profit After Tax	17.33
Net Worth	413.82
Reserves and Surplus	22.15
Total Borrowing	17.47
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

63.40%

85.29%

Promoter Shareholding (Post-Issue)

46.59%

62.65%

P/E Ratio

0.34

34.62

Market Cap

₹116.48 Cr.

₹57.59 Cr.

ROE

44%%

8.35%%

ROCE

41%%

6.71%%

Debt/Equity

0.13

0.47

EPS

₹5.78

₹0.52

RoNW

35.93%%

4.19%%

Shares Offered

In the Micropro Software Solutions IPO retail investors (RII) are offered 18,00,000 shares while in Vrundavan Plantation IPO retail investors are offered 18,00,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Micropro Software Solutions IPO and 0 shares in Vrundavan Plantation IPO.

	Micropro Software Solutions IPO	Vrundavan Plantation IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,90,400 shares	72,000 shares
QIB	0 shares	0 shares
NII	18,00,000 shares	6,72,000 shares
RII	18,00,000 shares	6,72,000 shares
Employee	0 shares	0 shares
Others
Total	36,00,000 shares	13,44,000 shares

Bids Received (Subscription)

Micropro Software Solutions IPO subscribed 36.88x in total, whereas Vrundavan Plantation IPO subscribed 18.57x.

	Micropro Software Solutions IPO	Vrundavan Plantation IPO
QIB (times)
NII (times)	22.60x	11.60x
Big NII (times)
Small NII (times)
RII (times)	49.08x	25.51x
Employee (times)
Other (times)
Total (times)	36.88x	18.57x

Compare with others

Micropro Software Solutions IPO	Vrundavan Plantation IPO
Kalyani Cast Tech IPO	Sunrest Lifescience IPO
ROX Hi-Tech IPO	Sheetal Universal IPO
Sunrest Lifescience IPO	Baba Food Processing IPO
Sheetal Universal IPO	Micropro Software Solutions IPO
Baba Food Processing IPO	SAR Televenture IPO
SAR Televenture IPO	Mish Designs IPO
Vrundavan Plantation IPO	KK Shah Hospitals IPO
Mish Designs IPO	Transteel Seating Technologies IPO
KK Shah Hospitals IPO	Benchmark Computer Solutions IPO
Transteel Seating Technologies IPO	Maitreya Medicare Limited IPO

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