Comparison between Matrix Geo Solutions IPO and Mittal Sections IPO.
Matrix Geo Solutions IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Mittal Sections IPO is a SME Bookbuilding proposed to list at BSE SME.
| Matrix Geo Solutions IPO | Mittal Sections IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Narnolia Financial Services Ltd. | Wealth Mine Networks Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Prabhat Financial Services Ltd. | Sunflower Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Matrix Geo Solutions IPO is up to ₹37.98 Cr whereas the issue size of the Mittal Sections IPO is up to ₹50.26 Cr. The final issue price of Matrix Geo Solutions IPO is ₹104.00 per share and of Mittal Sections IPO is ₹143.00 per share.
| Matrix Geo Solutions IPO | Mittal Sections IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹98.00 per share | ₹136.00 per share |
| Issue Price (Upper) | ₹104.00 per share | ₹143.00 per share |
| Issue Price (Final) | ₹104.00 per share | ₹143.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1000 shares |
| Fresh Issue Size | 36,51,600 shares | 35,15,000 shares |
| Fresh Issue Size (Amount) | up to ₹37.98 Cr | up to ₹50.26 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 36,51,600 shares | 35,15,000 shares |
| Issue Size Total (Amount) | up to ₹37.98 Cr | up to ₹50.26 Cr |
Matrix Geo Solutions IPO opens on Sep 23, 2025, while Mittal Sections IPO opens on Oct 07, 2025. The closing date of Matrix Geo Solutions IPO and Mittal Sections IPO is Sep 25, 2025, and Oct 09, 2025, respectively.
| Matrix Geo Solutions IPO | Mittal Sections IPO | |
|---|---|---|
| Anchor Bid Date | Sep 22, 2025 | |
| Issue Open | Sep 23, 2025 | Oct 07, 2025 |
| Issue Close | Sep 25, 2025 | Oct 09, 2025 |
| Basis Of Allotment (Tentative) | Sep 26, 2025 | Oct 10, 2025 |
| Initiation of Refunds (Tentative) | Sep 29, 2025 | Oct 13, 2025 |
| Credit of Share (Tentative) | Sep 29, 2025 | Oct 13, 2025 |
| Listing date (Tentative) | Sep 30, 2025 | Oct 14, 2025 |
| Anchor Lockin End date 1 | Oct 26, 2025 | |
| Anchor Lockin End date 2 | Dec 25, 2025 |
Matrix Geo Solutions IPO P/E ratio is 19.02, as compared to Mittal Sections IPO P/E ratio of 31.15.
| Matrix Geo Solutions IPO | Mittal Sections 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.
| Company Financials (Restated)Mittal Sections Ltd.'s revenue decreased by 15% and profit after tax (PAT) rose by 91% between the financial year ending with March 31, 2025 and March 31, 2024.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 91.52 | 99.92 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 67.26 | 67.95 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 19.02 | 31.15 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹151.65 Cr. | ₹165.42 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 35.21 | 34.92 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 33.69 | 31.27 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.14 | 2.04 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.47 | ₹4.59 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 35.21 | 34.92 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Matrix Geo Solutions IPO Retail Individual Investors (RII) are offered 12,79,200 shares while in Mittal Sections 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 1,85,000 shares in Mittal Sections IPO.
| Matrix Geo Solutions IPO | Mittal Sections IPO | |
|---|---|---|
| Anchor Investor Reservation | 10,90,800 shares | 0 shares |
| Market Maker Reservation | 2,13,600 shares | 1,85,000 shares |
| QIB | 7,30,800 shares | 1,85,000 shares |
| NII | 5,50,800 shares | 16,65,000 shares |
| RII | 12,79,200 shares | 16,65,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 36,51,600 shares | 35,15,000 shares |
Matrix Geo Solutions IPO subscribed 7.69x in total, whereas Mittal Sections IPO subscribed 2.25x.
| Matrix Geo Solutions IPO | Mittal Sections IPO | |
|---|---|---|
| QIB (times) | 12.50x | 1.13x |
| NII (times) | 8.87x | 0.55x |
| Big NII (times) | 10.27x | 0.41x |
| Small NII (times) | 6.05x | 0.83x |
| RII (times) | 4.43x | 4.08x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 7.69x | 2.25x |
