Fixed Price IPO | ₹34 Cr | Listed at NSE SME | Tue, Aug 27, 2024 - Fri, Aug 30, 2024
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Aug 27, 2024
IPO Close
Fri, Aug 30, 2024
Issue Price
₹110 per share
Market Cap (Pre-IPO)
₹126.60 Cr
| IPO Date | 27 to 30 Aug, 2024 |
| Listed on | Wed, Sep 4, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹110 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 30,76,800 shares (agg. up to ₹34 Cr) |
| Reserved for Market Maker | 1,56,000 shares Svcm Securities Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 26,02,800 shares (agg. up to ₹29 Cr) |
| Offer for Sale | 3,18,000 shares of ₹10 (agg. up to ₹3 Cr) |
| Net Offered to Public | 29,20,800 shares (agg. up to ₹32 Cr) |
| Share Holding Pre Issue | 87,50,000 shares |
| Share Holding Post Issue | 1,15,08,800 shares |
| NSE Symbol | PARAMATRIX |
| ISIN | INE0S2W01018 |
Paramatrix Technologies IPO comprises a total issue size of 30,76,800 shares. The net offer to the public is 29,20,800 shares, after excluding 1,56,000 shares allotted on a firm basis. Of the Net offer 14,60,400 (50.00%) allocated to NII 14,60,400 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 14,60,400 | 50.00% | 47.46% |
| Retail Shares Offered | 14,60,400 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,56,000 | 5.07% | |
| Total Shares Offered | 30,76,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 33.54 | 34.39 | 30.63 |
| Total Income | 28.60 | 33.32 | 28.25 |
| Profit After Tax | 4.13 | 7.08 | 6.79 |
| NET Worth | 30.30 | 29.97 | 24.64 |
| Reserves and Surplus | 21.55 | 29.62 | 24.29 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure for building our Infrastructure | 9.40 |
| 2 | Investment in our suite of accelerators to enhance the service offerings | 6.53 |
| 3 | Geographical expansion in Middle East and East Asia; and | 6.15 |
| 4 | General Corporate Purposes | 7.17 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 13.63% |
| ROCE | 17.29% |
| RoNW | 13.69% |
| PAT Margin | 11.00% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.72 | 3.59 |
| P/E (x) | 23.3 | 30.64 |
| Promoter Holding | 75.46% | 54.77% |
| Market Cap | ₹126.60 Cr. |
The Paramatrix Technologies IPO is subscribed 9.21 times on August 30, 2024 6:19:58 PM (Day 4). The public issue subscribed 11.86 times in the retail category, [.] times in the QIB category, and 6.23 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 6.23 | 14,60,400 | 91,00,800 |
| Retail | 11.86 | 14,60,400 | 1,73,18,400 |
| Total | 9.21 | 29,20,800 | 2,69,01,600 |
Total Application : 14,432
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting, and selling commissions, brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses, Brokerage and selling commission | 0.77 |
| 2 | Advertising and marketing expenses | 0.15 |
| 3 | Printing and stationery expenses, distribution, and postage | 0.03 |
| 4 | Regulatory and other expenses including Listing Fee | 0.15 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹110.00 |
| Open | ₹115.05 |
| Low | ₹115.05 |
| High | ₹120.80 |
| Last Trade | ₹120.80 |
Lead Manager Reports
Paramatrix Technologies IPO is a SME IPO of 30,76,800 equity shares of the face value of ₹10 aggregating up to ₹34 Crores. The issue is priced at ₹110 per share. The minimum order quantity is 1200.
The IPO opens on Tue, Aug 27, 2024, and closes on Fri, Aug 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 Tue, Aug 27, 2024 and closes on Fri, Aug 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 Tue, Sep 3, 2024. Check the Paramatrix Technologies IPO allotment status.
The Paramatrix Technologies IPO listing date is on Wed, Sep 4, 2024.
