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Matrix Geo Solutions Ltd. IPO is a Book Build Issue
The equity shares are proposed to be listed on the NSE SME. Narnolia Financial Services Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Matrix Geo Solutions IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Reserved for Market Maker | 2,13,600 shares (aggregating up to ₹[.] Cr) |
| Net Offered to Public | 38,65,200 shares (aggregating up to ₹[.] 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 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Sun, Mar 30, 2025 |
| Under Process | Thu, May 15, 2025 |
| SEBI/Exchange approval received | Tue, Aug 12, 2025 |
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 January 31, 2025, the Company had 97 permanent employees on its payroll.
Competitive Strength:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 21.71 | 16.66 | 14.53 | 14.01 |
| Total Income | 8.94 | 13.77 | 8.91 | 9.95 |
| Profit After Tax | 2.95 | 3.35 | 1.09 | 1.21 |
| Net Worth | 14.33 | 11.38 | 8.03 | 6.93 |
| Reserves and Surplus | 4.32 | 11.37 | 8.02 | 6.92 |
| Total Borrowing | 2.45 | 1.62 | 1.64 | 0.08 |
| Amount in ₹ Crore | ||||
| KPI | Values |
|---|---|
| ROE | 34.54% |
| ROCE | 35.53% |
| Debt/Equity | 0.14 |
| RoNW | 34.54% |
| PAT Margin | 24.47% |
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 Millions) |
|---|---|---|
| 1 | Purchase of New drones | 64.63 |
| 2 | Purchase of Survey Equipment and Technologies | 78.77 |
| 3 | Capital expenditure | 27.14 |
| 4 | Funding the Working Capital requirement | 155 |
| 5 | General Corporate Purposes |
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 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The Matrix Geo Solutions IPO open and close dates are not available as of now.
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 dates are not announced. Please check back again after some time.
Matrix Geo Solutions IPO lot size and the minimum order quantity is not available at this time. Please check again later.
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 [.], and the allotted shares will be credited to your demat account by [.]. Check the Matrix Geo Solutions IPO allotment status.
The Matrix Geo Solutions IPO listing date is not yet announced. The tentative date of Matrix Geo Solutions IPO listing is [.].
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