Micropro Software Solutions Ltd - IPO

Micropro Software Solutions Ltd IPO Details

Initial public issue of 37,90,400 equity shares of face value of Rs. 10.00/- each (Equity Shares) of Micropro Software Solutions Limited (the Company or the Issuer) for cash at a price of Rs. 81.00 per equity share including a share premium of Rs. 71.00/- per equity share (the Issue Price) aggregating to Rs. 30.70 crores (The Issue), of which up to 1,90,400 equity shares for cash at a price of Rs. 81.00/- per equity share including a share premium of Rs. 71.00 per equity share aggregating to Rs. 1.54 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e., net issue of 36,00,000 equity shares at a price of Rs. 81.00 per equity share aggregating to Rs. 29.16 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 26.36% and 25.03% respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10.00/- each and the issue price is Rs. 81.00/- which is 8.1 times of the face value.

Objective of issue

Working Capital Requirements. Funding Capital Expenditure Requirements. General Corporate Expenses.

Micropro Software Solutions Ltd Contact Details

Micropro Software Solutions Ltd, Shiv Shakti Indust, Unit No 9 Lower Pare, 7 B J R Boricha Marg, Mumbai-400011

Phone - 91-022-23016761

Fax -

Email - compliance@microproindia.com

Website - www.microproindia.com