Micropro Software Solutions IPO vs Sheetal Universal IPO

Comparision between Micropro Software Solutions IPO and Sheetal Universal IPO.

IPO Details

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

	Micropro Software Solutions IPO	Sheetal Universal IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Swaraj shares and securities private limited	Beeline Capital Advisors Pvt Ltd
Registrar	Purva Sharegistry India Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers Limited	Spread X Securities Private Limited
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 ₹30.70 Cr whereas the issue size of the Sheetal Universal IPO is up to ₹23.80 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 IPO	Sheetal Universal IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹81.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	37,90,400 shares	34,00,000 shares
Fresh Issue Size (Amount)	up to ₹30.70 Cr	up to ₹23.80 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	37,90,400 shares	34,00,000 shares
Issue Size Total (Amount)	up to ₹30.70 Cr	up to ₹23.80 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 IPO	Sheetal Universal IPO
Anchor Bid Date
Issue Open	Nov 03, 2023	Dec 04, 2023
Issue Close	Nov 07, 2023	Dec 06, 2023
Basis Of Allotment (Tentative)	Nov 09, 2023	Dec 07, 2023
Initiation of Refunds (Tentative)	Nov 10, 2023	Dec 08, 2023
Credit of Share (Tentative)	Nov 10, 2023	Dec 08, 2023
Listing date (Tentative)	Nov 10, 2023	Dec 11, 2023
Anchor Lockin End date 1	Dec 09, 2023	Jan 06, 2024
Anchor Lockin End date 2	Feb 07, 2024	Mar 06, 2024

Financials

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 IPO

Sheetal Universal 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

Sheetal Universal Limited Financial Information (Restated Consolidated)

Sheetal Universal Limited's revenue increased by 230.49% and profit after tax (PAT) rose by 602.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Aug 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,370.03	2,804.02	1,602.82	1,272.15
Revenue	5,826.93	13,165.68	3,983.67	3,883.53
Profit After Tax	187.67	198.85	28.31	25.41
Net Worth	1,046.89	649.22	450.37	422.07
Reserves and Surplus	241.29	299.22	100.37	72.07
Total Borrowing	1,463.22	1,356.24	984.80	625.07
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

63.40%

95%

Promoter Shareholding (Post-Issue)

46.59%

66.81%

P/E Ratio

0.34

27.34

Market Cap

₹116.48 Cr.

₹80.19 Cr.

ROE

44%%

36.17%%

ROCE

41%%

21.59%%

Debt/Equity

0.13

2.09

EPS

₹5.78

₹2.56

RoNW

35.93%%

30.63%%

Shares Offered

In the Micropro Software Solutions IPO retail 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 0 shares in Micropro Software Solutions IPO and 0 shares in Sheetal Universal IPO.

	Micropro Software Solutions IPO	Sheetal Universal IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,90,400 shares	1,72,000 shares
QIB	0 shares	0 shares
NII	18,00,000 shares	16,14,000 shares
RII	18,00,000 shares	16,14,000 shares
Employee	0 shares	0 shares
Others
Total	36,00,000 shares	32,28,000 shares

Bids Received (Subscription)

Micropro Software Solutions IPO subscribed 36.88x in total, whereas Sheetal Universal IPO subscribed 179.20x.

	Micropro Software Solutions IPO	Sheetal Universal IPO
QIB (times)
NII (times)	22.60x	212.55x
Big NII (times)
Small NII (times)
RII (times)	49.08x	129.73x
Employee (times)
Other (times)
Total (times)	36.88x	179.20x

Compare with others

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Sheetal Universal IPO	ROX Hi-Tech IPO
Baba Food Processing IPO	Sunrest Lifescience IPO
SAR Televenture IPO	Baba Food Processing IPO
Vrundavan Plantation IPO	Micropro Software Solutions IPO
Mish Designs IPO	SAR Televenture IPO
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Transteel Seating Technologies IPO	Mish Designs IPO

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