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Micropro Software Solutions IPO vs Sunrest Lifescience IPO

Comparision between Micropro Software Solutions IPO and Sunrest Lifescience IPO.

IPO Details

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

  Micropro Software Solutions IPO Sunrest Lifescience IPO
Logo Micropro Software Solutions IPO Logo Sunrest Lifescience 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 Mark Corporate Advisors Private Limited
Registrar Purva Sharegistry India Pvt Ltd Skyline Financial Services Private Ltd
Market Maker Nikunj Stock Brokers Limited Svcm 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 Sunrest Lifescience IPO is up to ₹10.85 Cr. The final issue price of Micropro Software Solutions IPO is ₹81.00 per share and of Sunrest Lifescience IPO is ₹84.00 per share.

  Micropro Software Solutions IPO Sunrest Lifescience IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹81.00 per share ₹84.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 1600 shares
Fresh Issue Size 37,90,400 shares 12,91,200 shares
Fresh Issue Size (Amount) up to ₹30.70 Cr up to ₹10.85 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 37,90,400 shares 12,91,200 shares
Issue Size Total (Amount) up to ₹30.70 Cr up to ₹10.85 Cr

IPO Timetable

Micropro Software Solutions IPO opens on Nov 03, 2023, while Sunrest Lifescience IPO opens on Nov 07, 2023. The closing date of Micropro Software Solutions IPO and Sunrest Lifescience IPO is Nov 07, 2023, and Nov 09, 2023, respectively.

  Micropro Software Solutions IPO Sunrest Lifescience IPO
Anchor Bid Date
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 17, 2023
Listing date (Tentative) Nov 10, 2023 Nov 20, 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 Sunrest Lifescience IPO P/E ratio of 12.33.

  Micropro Software Solutions IPO Sunrest Lifescience 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

Sunrest Lifescience Limited Financial Information (Restated)

Sunrest Lifescience Limited's revenue decreased by -8.32% and profit after tax (PAT) rose by 162.91% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,706.281,671.371,301.97948.15
Revenue563.582,467.052,690.991,694.91
Profit After Tax75.08204.3177.7116.55
Net Worth386.60311.52107.2029.49
Reserves and Surplus86.6011.52106.2028.49
Total Borrowing347.32214.32323.83231.55
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 63.40% 100%
Promoter Shareholding (Post-Issue) 46.59% 69.91%
P/E Ratio 0.34 12.33
Market Cap ₹116.48 Cr. ₹36.05 Cr.
ROE 44%% 53%%
ROCE 41%% 98%%
Debt/Equity 0.13 0.64
EPS ₹5.78 ₹6.81
RoNW 35.93%% 65.59%%

Shares Offered

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

  Micropro Software Solutions IPO Sunrest Lifescience IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,90,400 shares 65,600 shares
QIB 0 shares 0 shares
NII 18,00,000 shares 6,12,800 shares
RII 18,00,000 shares 6,12,800 shares
Employee 0 shares 0 shares
Others
Total 36,00,000 shares 12,25,600 shares

Bids Received (Subscription)

Micropro Software Solutions IPO subscribed 36.88x in total, whereas Sunrest Lifescience IPO subscribed 48.54x.

  Micropro Software Solutions IPO Sunrest Lifescience IPO
QIB (times)
NII (times) 22.60x 29.17x
Big NII (times)
Small NII (times)
RII (times) 49.08x 65.74x
Employee (times)
Other (times)
Total (times) 36.88x 48.54x

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