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Micropro Software Solutions IPO vs SAR Televenture IPO

Comparison between Micropro Software Solutions IPO and SAR Televenture IPO.

IPO Details

Micropro Software Solutions IPO is a SME Bookbuilding IPO proposed to list at NSE SME while SAR Televenture IPO is a SME Bookbuilding proposed to list at NSE SME.

 Micropro Software Solutions IPOSAR Televenture IPO
LogoMicropro Software Solutions IPO LogoSAR Televenture IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersSwaraj shares & securities Pvt.Ltd.Pantomath Capital Advisors Pvt.Ltd.
RegistrarPurva Sharegistry (India) Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.R.K.Stock Holding Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Micropro Software Solutions IPO is up to ₹29.16 Cr whereas the issue size of the SAR Televenture IPO is up to ₹23.49 Cr. The final issue price of Micropro Software Solutions IPO is ₹81.00 per share and of SAR Televenture IPO is ₹55.00 per share.

 Micropro Software Solutions IPOSAR Televenture IPO
Face Value₹10 per share₹2 per share
Issue Price (Lower)₹52.00 per share
Issue Price (Upper)₹55.00 per share
Issue Price (Final)₹81.00 per share₹55.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares2000 shares
Fresh Issue Size36,00,000 shares42,70,000 shares
Fresh Issue Size (Amount)up to ₹29.16 Crup to ₹23.49 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total36,00,000 shares42,70,000 shares
Issue Size Total (Amount)up to ₹29.16 Crup to ₹23.49 Cr

IPO Timetable

Micropro Software Solutions IPO opens on Nov 03, 2023, while SAR Televenture IPO opens on Nov 01, 2023. The closing date of Micropro Software Solutions IPO and SAR Televenture IPO is Nov 07, 2023, and Nov 03, 2023, respectively.

 Micropro Software Solutions IPOSAR Televenture IPO
Anchor Bid DateOct 31, 2023
Issue OpenNov 03, 2023Nov 01, 2023
Issue CloseNov 07, 2023Nov 03, 2023
Basis Of Allotment (Tentative)Nov 09, 2023Nov 06, 2023
Initiation of Refunds (Tentative)Nov 10, 2023Nov 07, 2023
Credit of Share (Tentative)Nov 10, 2023Nov 07, 2023
Listing date (Tentative)Nov 10, 2023Nov 08, 2023
Anchor Lockin End date 1Dec 06, 2023
Anchor Lockin End date 2Feb 04, 2024

Financials & KPIs

Micropro Software Solutions IPO P/E ratio is 0.34, as compared to SAR Televenture IPO P/E ratio of 0.6.

 Micropro Software Solutions IPOSAR Televenture IPO
Financials

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
Total Income275.952,217.201,755.171,392.48
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

SAR Televenture Limited Financial Information (Restated Consolidated)

SAR Televenture Limited's revenue increased by 584.05% and profit after tax (PAT) rose by 10367.92% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,324.772,420.77410.83144.82
Total Income1,735.353,251.63475.3590.71
Profit After Tax192.38388.363.71-2.71
Net Worth3,324.401,178.72-7.74-11.57
Reserves and Surplus3,114.401,113.42-11.91-15.62
Total Borrowing752.18839.01337.09136.87
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)63.4087.80
Promoter Shareholding (Post-Issue)46.59
P/E Ratio0.340.6
Market Cap₹116.48 Cr.₹82.50 Cr.
ROE44%
ROCE41%
Debt/Equity0.130.65
EPS₹5.78₹91.08
RoNW35.93%32.95%

Shares Offered

In the Micropro Software Solutions IPO Retail Individual Investors (RII) are offered 18,00,000 shares while in SAR Televenture IPO retail investors are offered 18,00,000 shares. Qualified Institutional Buyers (QIB) are offered in Micropro Software Solutions IPO and 8,48,000 shares in SAR Televenture IPO.

 Micropro Software Solutions IPOSAR Televenture IPO
Anchor Investor Reserveration12,72,000 shares
Market Maker Reserveration1,90,400 shares2,30,000 shares
QIB8,48,000 shares
NII18,00,000 shares6,50,000 shares
RII18,00,000 shares15,00,000 shares
Employee
Others
Total36,00,000 shares42,70,000 shares

Bids Received (Subscription)

Micropro Software Solutions IPO subscribed 36.88x in total, whereas SAR Televenture IPO subscribed 288.09x.

 Micropro Software Solutions IPOSAR Televenture IPO
QIB (times)77.00x
NII (times)22.60x715.77x
Big NII (times)
Small NII (times)
RII (times)49.08x222.10x
Employee (times)
Other (times)
Total (times)36.88x288.09x