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Micropro Software Solutions IPO vs Sheetal Universal IPO

Comparision between Micropro Software Solutions IPO and Sheetal Universal IPO.

IPO Details

Micropro Software Solutions IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sheetal Universal IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Micropro Software Solutions IPO Sheetal Universal IPO
Logo Micropro Software Solutions IPO Logo Sheetal Universal IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME NSE SME
Lead Managers Swaraj shares and securities private limited Beeline Capital Advisors Pvt Ltd
Registrar Purva Sharegistry India Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Nikunj Stock Brokers Limited Spread X Securities Private 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 Sheetal Universal IPO is up to ₹23.80 Cr. The final issue price of Micropro Software Solutions IPO is ₹81.00 per share and of Sheetal Universal IPO is ₹70.00 per share.

  Micropro Software Solutions IPO Sheetal Universal IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹81.00 per share ₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 2000 shares
Fresh Issue Size 37,90,400 shares 34,00,000 shares
Fresh Issue Size (Amount) up to ₹30.70 Cr up to ₹23.80 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 37,90,400 shares 34,00,000 shares
Issue Size Total (Amount) up to ₹30.70 Cr up to ₹23.80 Cr

IPO Timetable

Micropro Software Solutions IPO opens on Nov 03, 2023, while Sheetal Universal IPO opens on Dec 04, 2023. The closing date of Micropro Software Solutions IPO and Sheetal Universal IPO is Nov 07, 2023, and Dec 06, 2023, respectively.

  Micropro Software Solutions IPO Sheetal Universal IPO
Anchor Bid Date
Issue Open Nov 03, 2023 Dec 04, 2023
Issue Close Nov 07, 2023 Dec 06, 2023
Basis Of Allotment (Tentative) Nov 09, 2023 Dec 07, 2023
Initiation of Refunds (Tentative) Nov 10, 2023 Dec 08, 2023
Credit of Share (Tentative) Nov 10, 2023 Dec 08, 2023
Listing date (Tentative) Nov 10, 2023 Dec 11, 2023
Anchor Lockin End date 1 Dec 09, 2023 Jan 06, 2024
Anchor Lockin End date 2 Feb 07, 2024 Mar 06, 2024

Financials

Micropro Software Solutions IPO P/E ratio is 0.34, as compared to Sheetal Universal IPO P/E ratio of 27.34.

  Micropro Software Solutions IPO Sheetal Universal 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

Sheetal Universal Limited Financial Information (Restated Consolidated)

Sheetal Universal Limited's revenue increased by 230.49% and profit after tax (PAT) rose by 602.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,370.032,804.021,602.821,272.15
Revenue5,826.9313,165.683,983.673,883.53
Profit After Tax187.67198.8528.3125.41
Net Worth1,046.89649.22450.37422.07
Reserves and Surplus241.29299.22100.3772.07
Total Borrowing1,463.221,356.24984.80625.07
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 63.40% 95%
Promoter Shareholding (Post-Issue) 46.59% 66.81%
P/E Ratio 0.34 27.34
Market Cap ₹116.48 Cr. ₹80.19 Cr.
ROE 44%% 36.17%%
ROCE 41%% 21.59%%
Debt/Equity 0.13 2.09
EPS ₹5.78 ₹2.56
RoNW 35.93%% 30.63%%

Shares Offered

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

  Micropro Software Solutions IPO Sheetal Universal IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,90,400 shares 1,72,000 shares
QIB 0 shares 0 shares
NII 18,00,000 shares 16,14,000 shares
RII 18,00,000 shares 16,14,000 shares
Employee 0 shares 0 shares
Others
Total 36,00,000 shares 32,28,000 shares

Bids Received (Subscription)

Micropro Software Solutions IPO subscribed 36.88x in total, whereas Sheetal Universal IPO subscribed 179.20x.

  Micropro Software Solutions IPO Sheetal Universal IPO
QIB (times)
NII (times) 22.60x 212.55x
Big NII (times)
Small NII (times)
RII (times) 49.08x 129.73x
Employee (times)
Other (times)
Total (times) 36.88x 179.20x

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