Micropro Software Solutions IPO vs SAR Televenture IPO

Comparision between Micropro Software Solutions IPO and SAR Televenture IPO.

IPO Details

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

	Micropro Software Solutions IPO	SAR Televenture IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Swaraj shares and securities private limited	Pantomath Capital Advisors Pvt Ltd
Registrar	Purva Sharegistry India Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Nikunj Stock Brokers Limited	R.K.Stock Holding Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		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 ₹30.70 Cr whereas the issue size of the SAR Televenture IPO is up to ₹24.75 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 IPO	SAR 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)
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	37,90,400 shares	45,00,000 shares
Fresh Issue Size (Amount)	up to ₹30.70 Cr	up to ₹24.75 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	37,90,400 shares	45,00,000 shares
Issue Size Total (Amount)	up to ₹30.70 Cr	up to ₹24.75 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 IPO	SAR Televenture IPO
Anchor Bid Date		Oct 31, 2023
Issue Open	Nov 03, 2023	Nov 01, 2023
Issue Close	Nov 07, 2023	Nov 03, 2023
Basis Of Allotment (Tentative)	Nov 09, 2023	Nov 06, 2023
Initiation of Refunds (Tentative)	Nov 10, 2023	Nov 07, 2023
Credit of Share (Tentative)	Nov 10, 2023	Nov 07, 2023
Listing date (Tentative)	Nov 10, 2023	Nov 08, 2023
Anchor Lockin End date 1	Dec 09, 2023	Dec 06, 2023
Anchor Lockin End date 2	Feb 07, 2024	Feb 04, 2024

Financials

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 IPO

SAR Televenture IPO

Financial

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
Revenue	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

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 Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,324.77	2,420.77	410.83	144.82
Revenue	1,735.35	3,251.63	475.35	90.71
Profit After Tax	192.38	388.36	3.71	-2.71
Net Worth	3,324.40	1,178.72	-7.74	-11.57
Reserves and Surplus	3,114.40	1,113.42	-11.91	-15.62
Total Borrowing	752.18	839.01	337.09	136.87
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

63.40%

87.80%

Promoter Shareholding (Post-Issue)

46.59%

P/E Ratio

0.34

0.6

Market Cap

₹116.48 Cr.

₹82.50 Cr.

ROE

44%%

ROCE

41%%

Debt/Equity

0.13

0.65

EPS

₹5.78

₹91.08

RoNW

35.93%%

32.95%%

Shares Offered

In the Micropro Software Solutions IPO retail 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 0 shares in Micropro Software Solutions IPO and 8,48,000 shares in SAR Televenture IPO.

	Micropro Software Solutions IPO	SAR Televenture IPO
Anchor Investor Reserveration		12,78,000 shares
Market Maker Reserveration	1,90,400 shares	2,30,000 shares
QIB	0 shares	8,48,000 shares
NII	18,00,000 shares	6,50,000 shares
RII	18,00,000 shares	15,00,000 shares
Employee	0 shares	0 shares
Others
Total	36,00,000 shares	29,98,000 shares

Bids Received (Subscription)

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

	Micropro Software Solutions IPO	SAR Televenture IPO
QIB (times)		77.00x
NII (times)	22.60x	715.77x
Big NII (times)
Small NII (times)
RII (times)	49.08x	222.10x
Employee (times)
Other (times)
Total (times)	36.88x	288.09x

Compare with others

Micropro Software Solutions IPO	SAR Televenture IPO
Kalyani Cast Tech IPO	ROX Hi-Tech IPO
ROX Hi-Tech IPO	Sunrest Lifescience IPO
Sunrest Lifescience IPO	Sheetal Universal IPO
Sheetal Universal IPO	Baba Food Processing IPO
Baba Food Processing IPO	Micropro Software Solutions IPO
SAR Televenture IPO	Vrundavan Plantation IPO
Vrundavan Plantation IPO	Mish Designs IPO
Mish Designs IPO	KK Shah Hospitals IPO
KK Shah Hospitals IPO	Transteel Seating Technologies IPO
Transteel Seating Technologies IPO	Benchmark Computer Solutions IPO

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