Micropro Software Solutions IPO vs Mish Designs IPO

Comparison between Micropro Software Solutions IPO and Mish Designs IPO.

IPO Details

Micropro Software Solutions IPO is a SME Fixed Price IPO proposed to list at NSE SME while Mish Designs IPO is a SME Fixed Price proposed to list at BSE SME.

	Micropro Software Solutions IPO	Mish Designs IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Fixed Price
Listing At	NSE SME	BSE SME
Lead Managers	Swaraj shares & securities Pvt.Ltd.	Aryaman Financial Services Ltd.
Registrar	Purva Sharegistry (India) Pvt.Ltd.	Kfin Technologies Ltd.
Market Maker	Nikunj Stock Brokers Ltd.	Nikunj Stock Brokers Ltd.
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 ₹29.16 Cr whereas the issue size of the Mish Designs IPO is up to ₹8.81 Cr. The final issue price of Micropro Software Solutions IPO is ₹81.00 per share and of Mish Designs IPO is ₹122.00 per share.

	Micropro Software Solutions IPO	Mish Designs IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹81.00 per share	₹122.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	1000 shares
Fresh Issue Size	36,00,000 shares	7,22,000 shares
Fresh Issue Size (Amount)	up to ₹29.16 Cr	up to ₹8.81 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	36,00,000 shares	7,22,000 shares
Issue Size Total (Amount)	up to ₹29.16 Cr	up to ₹8.81 Cr

IPO Timetable

Micropro Software Solutions IPO opens on Nov 03, 2023, while Mish Designs IPO opens on Oct 31, 2023. The closing date of Micropro Software Solutions IPO and Mish Designs IPO is Nov 07, 2023, and Nov 02, 2023, respectively.

	Micropro Software Solutions IPO	Mish Designs IPO
Anchor Bid Date
Issue Open	Nov 03, 2023	Oct 31, 2023
Issue Close	Nov 07, 2023	Nov 02, 2023
Basis Of Allotment (Tentative)	Nov 09, 2023	Nov 06, 2023
Initiation of Refunds (Tentative)	Nov 10, 2023	Nov 06, 2023
Credit of Share (Tentative)	Nov 10, 2023	Nov 06, 2023
Listing date (Tentative)	Nov 10, 2023	Nov 07, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Micropro Software Solutions IPO P/E ratio is 0.34, as compared to Mish Designs IPO P/E ratio of 21.75.

Micropro Software Solutions IPO

Mish Designs 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 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
Total Income	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

Mish Designs Limited Financial Information (Restated)

Mish Designs Limited's revenue increased by 52.18% and profit after tax (PAT) rose by 1033.4% 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	697.71	71,145,000.00	423.10	251.78
Total Income	227.17	1,111.95	730.70	419.32
Profit After Tax	11.33	60.75	5.36	0.30
Net Worth	229.40	218.08	57.33	51.96
Reserves and Surplus	29.40	18.08	32.33	26.96
Total Borrowing	264.37	300.01	231.36	108.06
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

63.40

95.75

Promoter Shareholding (Post-Issue)

46.59

68.35

P/E Ratio

0.34

21.75

Market Cap

₹116.48 Cr.

₹34.16 Cr.

ROE

44%

ROCE

41%

22.20%

Debt/Equity

0.13

1.38

EPS

₹5.78

₹5.61

RoNW

35.93%

27.86%

Shares Offered

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

	Micropro Software Solutions IPO	Mish Designs IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,90,400 shares	78,000 shares
QIB
NII	18,00,000 shares	3,61,000 shares
RII	18,00,000 shares	3,61,000 shares
Employee
Others
Total	36,00,000 shares	7,22,000 shares

Bids Received (Subscription)

Micropro Software Solutions IPO subscribed 36.88x in total, whereas Mish Designs IPO subscribed 135.43x.

	Micropro Software Solutions IPO	Mish Designs IPO
QIB (times)
NII (times)	22.60x	98.44x
Big NII (times)
Small NII (times)
RII (times)	49.08x	166.74x
Employee (times)
Other (times)
Total (times)	36.88x	135.43x

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