Matrix Geo Solutions IPO vs Neptune Petrochemicals IPO

Comparison between Matrix Geo Solutions IPO and Neptune Petrochemicals IPO.

IPO Details

Matrix Geo Solutions IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Neptune Petrochemicals IPO is a SME Bookbuilding proposed to list at NSE 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 Neptune Petrochemicals IPO is up to ₹69.54 Cr. The final issue price of Matrix Geo Solutions IPO is ₹104.00 per share and of Neptune Petrochemicals IPO is ₹122.00 per share.

 Matrix Geo Solutions IPONeptune Petrochemicals IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹98.00 per share₹115.00 per share
Issue Price (Upper)₹104.00 per share₹122.00 per share
Issue Price (Final)₹104.00 per share₹122.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1000 shares
Fresh Issue Size36,51,600 shares57,00,000 shares
Fresh Issue Size (Amount)up to ₹37.98 Crup to ₹69.54 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total36,51,600 shares57,00,000 shares
Issue Size Total (Amount)up to ₹37.98 Crup to ₹69.54 Cr

IPO Timetable

Matrix Geo Solutions IPO opens on Sep 23, 2025, while Neptune Petrochemicals IPO opens on May 28, 2025. The closing date of Matrix Geo Solutions IPO and Neptune Petrochemicals IPO is Sep 25, 2025, and May 30, 2025, respectively.

 Matrix Geo Solutions IPONeptune Petrochemicals IPO
Anchor Bid DateSep 22, 2025May 27, 2025
Issue OpenSep 23, 2025May 28, 2025
Issue CloseSep 25, 2025May 30, 2025
Basis Of Allotment (Tentative)Sep 26, 2025Jun 02, 2025
Initiation of Refunds (Tentative)Sep 29, 2025Jun 03, 2025
Credit of Share (Tentative)Sep 29, 2025Jun 03, 2025
Listing date (Tentative)Sep 30, 2025Jun 04, 2025
Anchor Lockin End date 1Oct 26, 2025Jul 01, 2025
Anchor Lockin End date 2Dec 25, 2025Aug 30, 2025

Financials & KPIs

Matrix Geo Solutions IPO P/E ratio is 19.02, as compared to Neptune Petrochemicals IPO P/E ratio of 8.79.

 Matrix Geo Solutions IPONeptune Petrochemicals 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 Consolidated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets117.00120.95107.8897.51
Total Income620.16675.97709.3182.16
Profit After Tax19.4720.8210.390.68
NET Worth61.2331.9011.080.69
Reserves and Surplus44.5731.8911.070.68
Total Borrowing0.165.12
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)91.5294.3
Promoter Shareholding (Post-Issue)67.2670.3
P/E Ratio19.028.79
Market Cap₹151.65 Cr.₹276.37 Cr.
ROE35.2165.00
ROCE33.6965.00
Debt/Equity0.14
EPS₹5.47₹13.87
RoNW35.2165.25

Shares Offered

In the Matrix Geo Solutions IPO Retail Individual Investors (RII) are offered 12,79,200 shares while in Neptune Petrochemicals 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 11,40,000 shares in Neptune Petrochemicals IPO.

 Matrix Geo Solutions IPONeptune Petrochemicals IPO
Anchor Investor Reservation10,90,800 shares17,09,000 shares
Market Maker Reservation2,13,600 shares3,00,000 shares
QIB7,30,800 shares11,40,000 shares
NII5,50,800 shares8,55,000 shares
RII12,79,200 shares19,96,000 shares
Employee0 shares0 shares
Others
Total36,51,600 shares57,00,000 shares

Bids Received (Subscription)

Matrix Geo Solutions IPO subscribed 7.69x in total, whereas Neptune Petrochemicals IPO subscribed 4.11x.

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