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Micropro Software Solutions IPO vs Sheetal Universal IPO

Comparison between Micropro Software Solutions IPO and Sheetal Universal IPO.

IPO Details

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

 Micropro Software Solutions IPOSheetal Universal IPO
LogoMicropro Software Solutions IPO LogoSheetal Universal IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersSwaraj shares & securities Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarPurva Sharegistry (India) Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
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 Sheetal Universal IPO is up to ₹22.60 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 IPOSheetal Universal IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹81.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares2000 shares
Fresh Issue Size36,00,000 shares32,28,000 shares
Fresh Issue Size (Amount)up to ₹29.16 Crup to ₹22.60 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total36,00,000 shares32,28,000 shares
Issue Size Total (Amount)up to ₹29.16 Crup to ₹22.60 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 IPOSheetal Universal IPO
Issue OpenNov 03, 2023Dec 04, 2023
Issue CloseNov 07, 2023Dec 06, 2023
Basis Of Allotment (Tentative)Nov 09, 2023Dec 07, 2023
Initiation of Refunds (Tentative)Nov 10, 2023Dec 08, 2023
Credit of Share (Tentative)Nov 10, 2023Dec 08, 2023
Listing date (Tentative)Nov 10, 2023Dec 11, 2023

Financials & KPIs

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 IPOSheetal Universal IPO
Financials

Company Financials (Restated)

Period Ended31 May 202331 Mar 202331 Mar 202231 Mar 2021
Assets24.1125.6020.4915.48
Total Income2.7622.1717.5513.92
Profit After Tax0.485.922.671.30
NET Worth16.4810.567.89
Reserves and Surplus16.7116.2310.317.64
Total Borrowing3.383.985.924.38
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets43.7028.0416.0312.72
Total Income58.27131.6639.8438.84
Profit After Tax1.881.990.280.25
NET Worth10.476.494.504.22
Reserves and Surplus2.412.991.000.72
Total Borrowing14.6313.569.856.25
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)63.4%95%
Promoter Shareholding (Post-Issue)46.59%66.81%
P/E Ratio0.3427.34
Market Cap₹116.48 Cr.₹80.19 Cr.
ROE4436.17
ROCE4121.59
Debt/Equity0.132.09
EPS₹5.78₹2.56
RoNW35.9330.63

Shares Offered

In the Micropro Software Solutions IPO Retail Individual 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 in Micropro Software Solutions IPO and in Sheetal Universal IPO.

 Micropro Software Solutions IPOSheetal Universal IPO
Market Maker Reservation1,90,400 shares1,72,000 shares
NII18,00,000 shares16,14,000 shares
RII18,00,000 shares16,14,000 shares
Total36,00,000 shares32,28,000 shares

Bids Received (Subscription)

Micropro Software Solutions IPO subscribed 35.84x in total, whereas Sheetal Universal IPO subscribed 171.14x.

 Micropro Software Solutions IPOSheetal Universal IPO
NII (times)22.60x212.55x
RII (times)49.08x129.73x
Total (times)35.84x171.14x

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Micropro Software Solutions IPOSheetal Universal IPO
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