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Paramatrix Technologies IPO is a fixed price issue of ₹33.84 crores. The issue is a combination of fresh issue of 0.28 crore shares aggregating to ₹30.35 crores and offer for sale of 0.03 crore shares aggregating to ₹3.50 crores.
Paramatrix Technologies IPO bidding started from Aug 27, 2024 and ended on Aug 30, 2024. The allotment for Paramatrix Technologies IPO was finalized on Sep 2, 2024. The shares got listed on NSE SME on Sep 4, 2024.
Paramatrix Technologies IPO price is ₹110.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,32,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,64,000.
Inventure Merchant Banker Services Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Svcm Securities Pvt.Ltd..
Refer to Paramatrix Technologies IPO RHP for detailed Information.
| IPO Date | August 27, 2024 to August 30, 2024 |
| Listing Date | September 4, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹110 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 30,76,800 shares (aggregating up to ₹33.84 Cr) |
| Reserved for Market Maker | 1,56,000 shares Svcm Securities Pvt.Ltd. (aggregating up to ₹1.72 Cr) |
| Fresh Issue (Ex Market Maker) | 26,02,800 shares (aggregating up to ₹28.63 Cr) |
| Offer for Sale | 3,18,000 shares of ₹10 (aggregating up to ₹3.50 Cr) |
| Net Offered to Public | 29,20,800 shares (aggregating up to ₹32.13 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 87,50,000 shares |
| Share Holding Post Issue | 1,15,08,800 shares |
Paramatrix Technologies IPO offers total 30,76,800 shares. Out of which 14,60,400 (47.46%) allocated to NII, 14,60,400 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,56,000 (5.07%) |
| NII (HNI) Shares Offered | 14,60,400 (47.46%) |
| Retail Shares Offered | 14,60,400 (47.46%) |
| Total Shares Offered | 30,76,800 (100.00%) |
Paramatrix Technologies IPO opens on August 27, 2024, and closes on August 30, 2024.
| IPO Open Date | Tue, Aug 27, 2024 |
| IPO Close Date | Fri, Aug 30, 2024 |
| Tentative Allotment | Mon, Sep 2, 2024 |
| Initiation of Refunds | Tue, Sep 3, 2024 |
| Credit of Shares to Demat | Tue, Sep 3, 2024 |
| Tentative Listing Date | Wed, Sep 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Aug 30, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples 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 |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,32,000 |
| Retail (Max) | 1 | 1,200 | ₹1,32,000 |
| HNI (Min) | 2 | 2,400 | ₹2,64,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Paramatrix Technologies Limited was founded in 2004 and offers software applications and technology solutions for large and medium-sized companies.
The company's software applications and technology solutions (accelerators) can be broadly categorized as follows:
The company's client list includes the BFSI sector, retail, manufacturing, sports, pharma and logistics.
As of March 31, 2024, the company had 182 employees.
Paramatrix Technologies Limited's revenue decreased by -14% and profit after tax (PAT) dropped by -42% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 3,354.2 | 3,438.71 | 3,062.57 |
| Total Income | 2,859.93 | 3,332.44 | 2,824.66 |
| Profit After Tax | 413.17 | 707.56 | 678.94 |
| Net Worth | 3,030.25 | 2,996.5 | 2,464.27 |
| Reserves and Surplus | 2,155.25 | 2,961.55 | 2,429.27 |
| Amount in ₹ Lakhs | |||
The market capitalization of Paramatrix Technologies IPO is ₹126.60 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 13.63% |
| ROCE | 17.29% |
| RoNW | 13.69% |
| PAT Margin | 11.00% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.72 | 3.59 |
| P/E (x) | 23.3 | 30.64 |
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It marked inconsistency in its top and bottom lines for the reported periods with declining margins. Based on FY24 earnings, the issue appears aggressively priced. Well-informed investors may park moderate funds for medium term. Read detail review...
| Listing Date | September 4, 2024 |
| BSE Script Code | |
| NSE Symbol | PARAMATRIX |
| ISIN | INE0S2W01018 |
| Final Issue Price | ₹110 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹110.00 |
| Open | ₹115.05 |
| Low | ₹115.05 |
| High | ₹120.80 |
| Last Trade | ₹120.80 |
Paramatrix Technologies Ltd.
E-102, 1st Floor,
Sanpada Railway Station Complex,
Sanpada, Navi Mumbai - 400705
Mumbai, Maharashtra
Phone: +91 22 4151 8700
Email: cs@paramatrix.com
Website: https://www.paramatrix.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Paramatrix Technologies IPO is a SME IPO of 30,76,800 equity shares of the face value of ₹10 aggregating up to ₹33.84 Crores. The issue is priced at ₹110 per share. The minimum order quantity is 1200.
The IPO opens on August 27, 2024, and closes on August 30, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Paramatrix Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Paramatrix Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Paramatrix Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Paramatrix Technologies IPO opens on August 27, 2024 and closes on August 30, 2024.
Paramatrix Technologies IPO lot size is 1200, and the minimum amount required for application is ₹1,32,000.
You can apply in Paramatrix Technologies 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 Paramatrix Technologies IPO will be done on Monday, September 2, 2024, and the allotted shares will be credited to your demat account by Tuesday, September 3, 2024. Check the Paramatrix Technologies IPO allotment status.
The Paramatrix Technologies IPO listing date is on Wednesday, September 4, 2024.
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