Micropro is an IT service company engaged in the business of Software Development, Data Processing, and Software Training. The company’s tech team comprises more than 100+ professionals. The company serves customers from countries like India, UAE and Africa. The company also provides software solutions for the government sector, PSU’s and corporate clients.<\/p>\n\n\n\n
| Parameters<\/th> | Score (0-5)<\/th> | Comments<\/th><\/tr> |
|---|---|---|
| Promotors\/Sr. Management & Work Ethics<\/td> | 2<\/td> | Well experienced promotors. No red flags as per the RHP – open criminal proceedings, tax proceedings, etc. except a couple of small civil suit litigations against the company and a handful of them against the group companies.<\/td><\/tr> |
| Company Financials<\/td> | 3<\/td> | Top-line and bottom-line growth seem to be in moderation. FY 24 projections don’t look good. ~75% of revenue comes from India operations and ~20% of it comes from UAE operations.<\/td><\/tr> |
| Segment Growth Opportunity<\/td> | 3<\/td> | No moat and highly competitive business. Moderate growth is expected for the sector.<\/td><\/tr> |
| Asking Valuation (compared with Peers)<\/td> | 2<\/td> | Asking PE is ~41, peers are in the range of 20-40. Considering the financials, the asking valuation is high.<\/td><\/tr> |
| Lead Manager’s past performance<\/td> | 4<\/td> | Had just one prior listing, which was at the premium of 99%.<\/td><\/tr> |
Consolidated Score<\/strong><\/td>| 2.7<\/strong><\/td> | <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n | Disclaimer <\/strong>– This is not an investment advice. Nobody has paid us to write this review. This analysis is for education purposes only.<\/p>\n","protected":false},"excerpt":{"rendered":" Micropro is an IT service company engaged in the business of Software Development, Data Processing, and Software Training. The company’s tech team comprises more than 100+ professionals. The company serves customers from countries like India, UAE and Africa. The company also provides software solutions for the government sector, PSU’s and corporate clients. IPO Review Parameters […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[9],"tags":[11,12,10],"class_list":["post-228","post","type-post","status-publish","format-standard","hentry","category-iporeview","tag-ipo","tag-review","tag-sme"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/posts\/228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/comments?post=228"}],"version-history":[{"count":1,"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/posts\/228\/revisions"}],"predecessor-version":[{"id":229,"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/posts\/228\/revisions\/229"}],"wp:attachment":[{"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/media?parent=228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/categories?post=228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/tags?post=228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} |