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
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 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

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 Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,706.28	1,671.37	1,301.97	948.15
Revenue	563.58	2,467.05	2,690.99	1,694.91
Profit After Tax	75.08	204.31	77.71	16.55
Net Worth	386.60	311.52	107.20	29.49
Reserves and Surplus	86.60	11.52	106.20	28.49
Total Borrowing	347.32	214.32	323.83	231.55
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

Compare with others

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Baba Food Processing IPO	ROX Hi-Tech IPO
SAR Televenture IPO	Sheetal Universal IPO
Vrundavan Plantation IPO	Baba Food Processing IPO
Mish Designs IPO	Micropro Software Solutions IPO
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Transteel Seating Technologies IPO	Vrundavan Plantation IPO

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