{"id":33952,"date":"2023-11-04T12:34:39","date_gmt":"2023-11-04T07:04:39","guid":{"rendered":"https:\/\/theeveningpost.in\/index.php\/2023\/11\/04\/micropro-software-solutions-limited-ipo-opens-on-03rd-november-2023\/"},"modified":"2023-11-04T12:34:39","modified_gmt":"2023-11-04T07:04:39","slug":"micropro-software-solutions-limited-ipo-opens-on-03rd-november-2023","status":"publish","type":"post","link":"https:\/\/theeveningpost.in\/index.php\/2023\/11\/04\/micropro-software-solutions-limited-ipo-opens-on-03rd-november-2023\/","title":{"rendered":"Micropro Software Solutions Limited IPO Opens on 03rd November 2023"},"content":{"rendered":"<div>\n<p><strong>Mumbai (Maharashtra) [India], November 4:\u00a0<\/strong>Micropro Software Solutions Limited, one of the leading IT solutions providers with a global reputation for excellence, has announced its plans to go public with an Initial Public Offering on 03rd November 2023. The company is aiming to raise \u20b9 30.70Crore at the fixed price of \u20b9 81 through this IPO, with shares set to be listed on the NSE EMERGE platform.<\/p>\n<p>The issue size is Up to 37,90,400 equity shares at a face value of \u20b9 10 each.\u00a0<\/p>\n<p>Equity Share Allocation<\/p>\n<p>\u25cf\u00a0Non-Institutional Investors (NII) \u2013 Up To\u00a018,00,000Equity Shares<\/p>\n<p>\u25cf\u00a0Retail Individual Investors (RII) \u2013 Up To\u00a018,00,000Equity Shares<\/p>\n<p>\u25cf\u00a0Market Maker \u2013\u00a01,90,400\u00a0Equity Shares<\/p>\n<p>The net proceeds from the IPO will be utilized for Working Capital Requirements, Funding Capital Expenditure Requirements, and General Corporate Expenses.\u00a0The issue closes on\u00a007th\u00a0November 2023.<\/p>\n<p>The\u00a0Lead Manager to the Issue is\u00a0Swaraj Shares and Securities Private Limited.\u00a0The Registrar to the Issue is\u00a0Purva\u00a0Shareregistry\u00a0Private Limited.<\/p>\n<p>Mr. Sanjay Mokashi\u00a0Yadavrao,\u00a0Managing Director\u00a0of\u00a0Micropro\u00a0Software Solutions Limited, said,\u00a0\u201cThis\u00a0IPO\u00a0marks a significant milestone in\u00a0Micropro\u2019s\u00a0journey. We are excited about the opportunity to strengthen our position in the market, drive innovation, and expand our reach globally. The net proceeds from this offering will be utilized for working capital requirements, funding capital expenditure needs, and general corporate expenses.<\/p>\n<p>This infusion of resources will enable us to continue our mission of delivering cutting-edge solutions and make a lasting impact in the IT industry, driving us toward a future of limitless possibilities.\u201d<\/p>\n<p>Mr. Tanmoy Banerjee, Director of Swaraj Shares And Securities Private Limited, said, \u201cWe are happy to be a part of Micropro\u2019s transformative journey. Micropro\u2019s remarkable track record and innovative solutions demonstrate the company\u2019s strength and capabilities in the industry. We extend our best wishes and look forward to witnessing Micropro\u2019s future future achievements.\u201d<\/p>\n<p>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], November 4:\u00a0Micropro Software Solutions Limited, one of the leading IT solutions providers with a global reputation for excellence, has announced its plans to go public with an Initial Public Offering on 03rd November 2023. The company is aiming to raise \u20b9 30.70Crore at the fixed price of \u20b9 81 through this IPO,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":33953,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[87],"tags":[303,304],"class_list":["post-33952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-pr","tag-press-release"],"_links":{"self":[{"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/posts\/33952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/comments?post=33952"}],"version-history":[{"count":0,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/posts\/33952\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/media\/33953"}],"wp:attachment":[{"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/media?parent=33952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/categories?post=33952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/tags?post=33952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}