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Matrix Geo Solutions Ltd. IPO is a book build issue of ₹40.20 crores. The issue is entirely a fresh issue of 0.39 crore shares of ₹40.20 crore.
Matrix Geo Solutions IPO bidding started from Sep 23, 2025 and ended on Sep 25, 2025. The allotment for Matrix Geo Solutions IPO was finalized on Sep 26, 2025. The shares got listed on NSE SME on Sep 30, 2025.
Matrix Geo Solutions IPO price band is set at ₹104.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,49,600.00 (2,400 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (3,600 shares), amounting to ₹3,74,400.
Narnolia Financial Services Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Prabhat Financial Services Ltd..
Refer to Matrix Geo Solutions IPO RHP for detailed Information.
| IPO Date | September 23, 2025 to September 25, 2025 |
| Listing Date | September 30, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹98 to ₹104 per share |
| Issue Price Final | ₹104 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 38,65,200 shares (aggregating up to ₹40.20 Cr) |
| Reserved for Market Maker | 2,13,600 shares Prabhat Financial Services Ltd. (aggregating up to ₹2.22 Cr) |
| Net Offered to Public | 36,51,600 shares (aggregating up to ₹37.98 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,07,16,632 shares |
| Share Holding Post Issue | 1,45,81,832 shares |
Matrix Geo Solutions IPO offers total 38,65,200 shares. Out of which 18,21,600 (47.13%) allocated to QIB, 7,30,800 (18.91%) allocated to QIB (Ex- Anchor), 5,50,800 (14.25%) allocated to NII 12,79,200 (33.10%) allocated to RII and 10,90,800 (28.22%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,13,600 (5.53%) |
| QIB Shares Offered | 18,21,600 (47.13%) |
| − Anchor Investor Shares Offered | 10,90,800 (28.22%) |
| − QIB (Ex. Anchor) Shares Offered | 7,30,800 (18.91%) |
| NII (HNI) Shares Offered | 5,50,800 (14.25%) |
| − bNII > ₹10L | 3,67,200 (9.50%) |
| − sNII < ₹10L | 1,83,600 (4.75%) |
| Retail Shares Offered | 12,79,200 (33.10%) |
| Total Shares Offered | 38,65,200 (100.00%) |
Matrix Geo Solutions IPO raises ₹11.34 crore from anchor investors. Matrix Geo Solutions IPO Anchor bid date is September 22, 2025. Matrix Geo Solutions IPO Anchor Investors list
| Bid Date | September 22, 2025 |
| Shares Offered | 10,90,800 |
| Anchor Portion Size (In Cr.) | 11.34 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 26, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 25, 2025 |
Matrix Geo Solutions IPO opens on September 23, 2025, and closes on September 25, 2025.
| IPO Open Date | Tue, Sep 23, 2025 |
| IPO Close Date | Thu, Sep 25, 2025 |
| Tentative Allotment | Fri, Sep 26, 2025 |
| Initiation of Refunds | Mon, Sep 29, 2025 |
| Credit of Shares to Demat | Mon, Sep 29, 2025 |
| Tentative Listing Date | Tue, Sep 30, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 25, 2025 |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,49,600 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,49,600 |
| S-HNI (Min) | 3 | 3,600 | ₹3,74,400 |
| S-HNI (Max) | 8 | 9,600 | ₹9,98,400 |
| B-HNI (Min) | 9 | 10,800 | ₹11,23,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Established in 2008, Matrix Geo Solutions Limited is a consultancy firm specializing in advanced survey technologies, such as photogrammetry, LiDAR, GIS, and remote sensing using drones and satellite imagery. These technologies serve the railways, roads, irrigation, mining, and power sectors.
The company has completed over 1,500 projects in 27 Indian states, covering diverse terrains from the Himalayas to urban areas. Key projects include India's first bullet train between Ahmedabad and Mumbai, the Pune-Mumbai Hyperloop, and innovative drone-based pipeline monitoring.
The company's clients include government agencies, public sector organizations, and private companies like Indian Railways, NHAI, NTPC, GAIL, L&T ECC, Adani Group, and Tata Projects.
Matrix Geo Solutions offers services in photogrammetry (AT, DTM/DEM, 3D compilation, orthophoto), LiDAR, GIS/RS, application development, topographical surveys, and engineering services. Their expertise extends to mining, water distribution planning, satellite and aerial surveys, feasibility studies, design, and flood analysis.
Services:
As of July 31, 2025, the Company had 100 permanent employees on its payroll.
Competitive Strength:
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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 30.71 | 16.66 | 14.53 |
| Total Income | 22.19 | 13.77 | 8.91 |
| Profit After Tax | 5.86 | 3.35 | 1.09 |
| EBITDA | 8.19 | 4.88 | 1.84 |
| NET Worth | 21.91 | 11.38 | 8.03 |
| Reserves and Surplus | 11.19 | 11.37 | 8.02 |
| Total Borrowing | 1.68 | 1.62 | 1.64 |
| Amount in ₹ Crore | |||
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 35.21% |
| ROCE | 33.69% |
| Debt/Equity | 0.14 |
| RoNW | 35.21% |
| PAT Margin | 26.52% |
| EBITDA Margin | 37.08% |
| Price to Book Value | 5.09 |
| Market Capitalization | 151.65 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.47 | 4.02 |
| P/E (x) | 19.02 | 25.88 |
The Company Matrix Geo Solutions IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Purchase of New drones | 6.47 |
| 2 | Purchase of Survey Equipment and Technologies | 8.02 |
| 3 | Capital expenditure | 2.72 |
| 4 | Funding the Working Capital requirement | 15.50 |
| 5 | General Corporate Purposes | 0.95 |
[Dilip Davda] MGSL is primarily engaged in providing comprehensive geospatial and consulting services with a strong focus of DaaS. It has also started Drone Training institute and is now a DGCA authorized RPTO. The company posted steady growth in its top and bottom lines for the reported periods. Based on its recent financial data, the IPO appears aggressively priced. Well-informed investors may park funds for long term. Read detail review...
Matrix Geo Solutions IPO is being assisted by IPOPlatform.com, a Chittorgarh.com company specializing in customized IPO consulting services to help businesses grow and list efficiently.
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| Listing Date | September 30, 2025 |
| BSE Script Code | |
| NSE Symbol | MGSL |
| ISIN | INE132901013 |
| Final Issue Price | ₹104 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹104.00 |
| Open | ₹103.90 |
| Low | ₹98.70 |
| High | ₹103.90 |
| Last Trade | ₹99.15 |
Matrix Geo Solutions Ltd.
Plot No-A-1/87
Third Floor, Sewak Park
Uttam Nagar
West Delhi, New Delhi, 110059
Phone: +91 7531007100
Email: cs@matrix-geo.com
Website: https://www.matrix-geo.com/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Matrix Geo Solutions IPO is a SME IPO of 38,65,200 equity shares of the face value of ₹10 aggregating up to ₹40.20 Crores. The issue is priced at ₹104 per share. The minimum order quantity is 1200.
The IPO opens on September 23, 2025, and closes on September 25, 2025.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Matrix Geo Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Matrix Geo Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Matrix Geo Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Matrix Geo Solutions IPO opens on September 23, 2025 and closes on September 25, 2025.
Matrix Geo Solutions IPO lot size is 1200, and the minimum amount required for application is ₹2,49,600, with 2 lots being the minimum application size.
You can apply in Matrix Geo Solutions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Matrix Geo Solutions IPO will be done on Friday, September 26, 2025, and the allotted shares will be credited to your demat account by Monday, September 29, 2025. Check the Matrix Geo Solutions IPO allotment status.
The Matrix Geo Solutions IPO listing date is on Tuesday, September 30, 2025.
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