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Micropro Software Solutions IPO vs Mish Designs IPO

Comparision between Micropro Software Solutions IPO and Mish Designs IPO.

IPO Details

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

  Micropro Software Solutions IPO Mish Designs IPO
Logo Micropro Software Solutions IPO Logo Mish Designs 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 Aryaman Financial Services Limited
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 Mish Designs IPO is up to ₹9.76 Cr. The final issue price of Micropro Software Solutions IPO is ₹81.00 per share and of Mish Designs IPO is ₹122.00 per share.

  Micropro Software Solutions IPO Mish Designs IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹81.00 per share ₹122.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 1000 shares
Fresh Issue Size 37,90,400 shares 8,00,000 shares
Fresh Issue Size (Amount) up to ₹30.70 Cr up to ₹9.76 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 37,90,400 shares 8,00,000 shares
Issue Size Total (Amount) up to ₹30.70 Cr up to ₹9.76 Cr

IPO Timetable

Micropro Software Solutions IPO opens on Nov 03, 2023, while Mish Designs IPO opens on Oct 31, 2023. The closing date of Micropro Software Solutions IPO and Mish Designs IPO is Nov 07, 2023, and Nov 02, 2023, respectively.

  Micropro Software Solutions IPO Mish Designs IPO
Anchor Bid Date
Issue Open Nov 03, 2023 Oct 31, 2023
Issue Close Nov 07, 2023 Nov 02, 2023
Basis Of Allotment (Tentative) Nov 09, 2023 Nov 06, 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 07, 2023
Anchor Lockin End date 1 Dec 09, 2023 Dec 06, 2023
Anchor Lockin End date 2 Feb 07, 2024 Feb 04, 2024

Financials

Micropro Software Solutions IPO P/E ratio is 0.34, as compared to Mish Designs IPO P/E ratio of 21.75.

  Micropro Software Solutions IPO Mish Designs 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 Ended31 May 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,411.302,559.572,048.581,547.57
Revenue275.952,217.201,755.171,392.48
Profit After Tax47.65592.23267.14129.51
Net Worth1,648.211,055.98788.84
Reserves and Surplus1,670.861,623.211,030.98763.84
Total Borrowing338.03397.97592.05437.81
Amount in ₹ Lakhs

Mish Designs Limited Financial Information (Restated)

Mish Designs Limited's revenue increased by 52.18% and profit after tax (PAT) rose by 1033.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets697.7171,145,000.00423.10251.78
Revenue227.171,111.95730.70419.32
Profit After Tax11.3360.755.360.30
Net Worth229.40218.0857.3351.96
Reserves and Surplus29.4018.0832.3326.96
Total Borrowing264.37300.01231.36108.06
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 63.40% 95.75%
Promoter Shareholding (Post-Issue) 46.59% 68.35%
P/E Ratio 0.34 21.75
Market Cap ₹116.48 Cr. ₹34.16 Cr.
ROE 44%% 44%%
ROCE 41%% 22.20%%
Debt/Equity 0.13 1.38
EPS ₹5.78 ₹5.61
RoNW 35.93%% 27.86%%

Shares Offered

In the Micropro Software Solutions IPO retail investors (RII) are offered 18,00,000 shares while in Mish Designs 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 Mish Designs IPO.

  Micropro Software Solutions IPO Mish Designs IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,90,400 shares 78,000 shares
QIB 0 shares 0 shares
NII 18,00,000 shares 3,61,000 shares
RII 18,00,000 shares 3,61,000 shares
Employee 0 shares 0 shares
Others
Total 36,00,000 shares 7,22,000 shares

Bids Received (Subscription)

Micropro Software Solutions IPO subscribed 36.88x in total, whereas Mish Designs IPO subscribed 135.43x.

  Micropro Software Solutions IPO Mish Designs IPO
QIB (times)
NII (times) 22.60x 98.44x
Big NII (times)
Small NII (times)
RII (times) 49.08x 166.74x
Employee (times)
Other (times)
Total (times) 36.88x 135.43x

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