Matrix Geo Solutions IPO vs Zelio E-Mobility IPO

Comparison between Matrix Geo Solutions IPO and Zelio E-Mobility IPO.

IPO Details

Matrix Geo Solutions IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Zelio E-Mobility IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Matrix Geo Solutions IPO is up to ₹37.98 Cr whereas the issue size of the Zelio E-Mobility IPO is up to ₹74.34 Cr. The final issue price of Matrix Geo Solutions IPO is ₹104.00 per share and of Zelio E-Mobility IPO is ₹136.00 per share.

 Matrix Geo Solutions IPOZelio E-Mobility IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹98.00 per share₹129.00 per share
Issue Price (Upper)₹104.00 per share₹136.00 per share
Issue Price (Final)₹104.00 per share₹136.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1200 shares1000 shares
Fresh Issue Size36,51,600 shares43,26,000 shares
Fresh Issue Size (Amount)up to ₹37.98 Crup to ₹58.83 Cr
OFS Issue Size0 shares11,40,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹15.50 Cr
Issue Size Total36,51,600 shares54,66,000 shares
Issue Size Total (Amount)up to ₹37.98 Crup to ₹74.34 Cr

IPO Timetable

Matrix Geo Solutions IPO opens on Sep 23, 2025, while Zelio E-Mobility IPO opens on Sep 30, 2025. The closing date of Matrix Geo Solutions IPO and Zelio E-Mobility IPO is Sep 25, 2025, and Oct 03, 2025, respectively.

 Matrix Geo Solutions IPOZelio E-Mobility IPO
Anchor Bid DateSep 22, 2025Sep 29, 2025
Issue OpenSep 23, 2025Sep 30, 2025
Issue CloseSep 25, 2025Oct 03, 2025
Basis Of Allotment (Tentative)Sep 26, 2025Oct 06, 2025
Initiation of Refunds (Tentative)Sep 29, 2025Oct 07, 2025
Credit of Share (Tentative)Sep 29, 2025Oct 07, 2025
Listing date (Tentative)Sep 30, 2025Oct 08, 2025
Anchor Lockin End date 1Oct 26, 2025Nov 05, 2025
Anchor Lockin End date 2Dec 25, 2025Jan 04, 2026

Financials & KPIs

Matrix Geo Solutions IPO P/E ratio is 19.02, as compared to Zelio E-Mobility IPO P/E ratio of 14.04.

 Matrix Geo Solutions IPOZelio E-Mobility IPO
Financials

Company Financials (Restated Consolidated)

Matrix Geo Solutions Ltd.'s revenue increased by 61% and profit after tax (PAT) rose by 75% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets30.7116.6614.53
Total Income22.1913.778.91
Profit After Tax5.863.351.09
EBITDA8.194.881.84
NET Worth21.9111.388.03
Reserves and Surplus11.1911.378.02
Total Borrowing1.681.621.64
Amount in ₹ Crore

Company Financials (Restated)

Zelio E-Mobility Ltd.'s revenue increased by 83% and profit after tax (PAT) rose by 154% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets65.7929.0815.47
Total Income173.8094.9051.62
Profit After Tax16.016.313.06
EBITDA21.028.764.02
NET Worth26.6710.674.36
Reserves and Surplus10.1410.644.33
Total Borrowing30.6814.119.59
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)91.52100
Promoter Shareholding (Post-Issue)67.2675.77
P/E Ratio19.0214.04
Market Cap₹151.65 Cr.₹287.64 Cr.
ROE35.2185.75
ROCE33.6936.86
Debt/Equity0.141.32
EPS₹5.47₹9.68
RoNW35.2160.02

Shares Offered

In the Matrix Geo Solutions IPO Retail Individual Investors (RII) are offered 12,79,200 shares while in Zelio E-Mobility IPO retail investors are offered 12,79,200 shares. Qualified Institutional Buyers (QIB) are offered 7,30,800 shares in Matrix Geo Solutions IPO and 10,93,000 shares in Zelio E-Mobility IPO.

 Matrix Geo Solutions IPOZelio E-Mobility IPO
Anchor Investor Reservation10,90,800 shares16,39,000 shares
Market Maker Reservation2,13,600 shares2,94,000 shares
QIB7,30,800 shares10,93,000 shares
NII5,50,800 shares8,20,000 shares
RII12,79,200 shares19,14,000 shares
Employee0 shares0 shares
Others
Total36,51,600 shares54,66,000 shares

Bids Received (Subscription)

Matrix Geo Solutions IPO subscribed 7.69x in total, whereas Zelio E-Mobility IPO subscribed 1.50x.

 Matrix Geo Solutions IPOZelio E-Mobility IPO
QIB (times)12.50x1.61x
NII (times)8.87x1.76x
Big NII (times)10.27x2.31x
Small NII (times)6.05x0.65x
RII (times)4.43x1.32x
Employee (times)
Other (times)
Total (times)7.69x1.50x

Compare with others

Compare:

Matrix Geo Solutions IPO Vs Zelio E-Mobility IPO