Bookbuilding IPO | ₹40 Cr | Listed at NSE SME | Tue, Sep 23, 2025 - Thu, Sep 25, 2025
Matrix Geo Solutions 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 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 (2,400 shares) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Sep 23, 2025
IPO Close
Thu, Sep 25, 2025
Issue Price
₹104 per share
Market Cap (Pre-IPO)
₹151.65 Cr
| IPO Date | 23 to 25 Sep, 2025 |
| Listed on | Tue, Sep 30, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹98 to ₹104 |
| Issue Price | ₹104 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 38,65,200 shares (agg. up to ₹40 Cr) |
| Reserved for Market Maker | 2,13,600 shares Prabhat Financial Services Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 36,51,600 shares (agg. up to ₹38 Cr) |
| Net Offered to Public | 36,51,600 shares (agg. up to ₹38 Cr) |
| Share Holding Pre Issue | 1,07,16,632 shares |
| Share Holding Post Issue | 1,45,81,832 shares |
| NSE Symbol | MGSL |
| ISIN | INE132901013 |
Matrix Geo Solutions IPO comprises a total issue size of 38,65,200 shares. The net offer to the public is 36,51,600 shares, after excluding 2,13,600 shares allotted on a firm basis. Of the Net offer 18,21,600 (49.88%) are allocated to QIB, 5,50,800 (15.08%) allocated to NII 12,79,200 (35.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 18,21,600 | 49.88% | 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 | 15.08% | 14.25% |
| − bNII > ₹10L | 3,67,200 | 9.50% | |
| − sNII < ₹10L | 1,83,600 | 4.75% | |
| Retail Shares Offered | 12,79,200 | 35.03% | 33.10% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,13,600 | 5.53% | |
| Total Shares Offered | 38,65,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| 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 |
Matrix Geo Solutions IPO raises ₹11.34 crore from anchor investors. Matrix Geo Solutions IPO Anchor bid date is September 22, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Sep 22, 2025 |
| Shares Offered | 10,90,800 |
| Anchor Portion (₹ Cr.) | 11.34 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Oct 26, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Dec 25, 2025 |
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 | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.47 | 4.02 |
| P/E (x) | 19.02 | 25.88 |
| Promoter Holding | 91.52% | 67.26% |
| Market Cap | ₹151.65 Cr. |
The Matrix Geo Solutions IPO is subscribed 7.69 times on September 25, 2025 6:19:11 PM (Day 3). The public issue subscribed 4.43 times in the individual investors category, 12.50 times in the QIB category, and 8.87 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 12.50 | 7,30,800 | 91,35,600 | 5 |
| NII* | 8.87 | 5,50,800 | 48,84,000 | 634 |
| bNII (bids above ₹10L) | 10.27 | 3,67,200 | 37,72,800 | |
| sNII (bids below ₹10L) | 6.05 | 1,83,600 | 11,11,200 | |
| Individual Investors | 4.43 | 12,79,200 | 56,64,000 | 2,360 |
| Total | 7.69 | 25,60,800 | 1,96,83,600 | 2,999 |
Total Application : 2,999
*Market Maker portion is not included to NII/HNI.
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.
🚀 Enquire Now
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead manager(s) fees including underwriting commission | 3.00 |
| 2 | Brokerage, selling commission and upload fees | 0.02 |
| 3 | Registrars to the issue | 0.02 |
| 4 | Legal Advisors | 0.03 |
| 5 | Peer Review Auditor fees | 0.03 |
| 6 | Printing, Advertising and marketing expenses | 0.06 |
| 7 | Regulators including stock exchanges | 0.10 |
| 8 | Others, if any (Market Maker fees, Selling and Distribution Expenses, Marketing Expenses and other misc. expenses) | 3.28 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹104.00 |
| Open | ₹103.90 |
| Low | ₹98.70 |
| High | ₹103.90 |
| Last Trade | ₹99.15 |
Lead Manager Reports
Matrix Geo Solutions IPO is a SME IPO of 38,65,200 equity shares of the face value of ₹10 aggregating up to ₹40 Crores. The issue is priced at ₹104 per share. The minimum order quantity is 1200.
The IPO opens on Tue, Sep 23, 2025, and closes on Thu, Sep 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 Tue, Sep 23, 2025 and closes on Thu, Sep 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 Mon, Sep 29, 2025. Check the Matrix Geo Solutions IPO allotment status.
The Matrix Geo Solutions IPO listing date is on Tue, Sep 30, 2025.
