Matrix Geo Solutions IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 23 to Sep 25 2025
Price Band
₹98 - 104
Current GMP
₹103.9(-0.10%)
Subscription
7.69 times
IPO Details
| 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 (aggregating up to ₹2.22 Cr)Prabhat Financial Services Ltd. |
| 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 |
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 (aggregating up to ₹2.22 Cr)Prabhat Financial Services Ltd.
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
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 12.50 |
| Non-Institutional Buyers*** | 8.87 |
| bNII (bids above ₹10L) | 10.27 |
| sNII (bids below ₹10L) | 6.05 |
| Individual Investors (IND category bidding for 2 Lots) | 4.43 |
| Total ** | 7.69 |
Anchor Investors
1
Market Maker
1
QIB (Ex Anchor)
12.50
Non-Institutional Buyers***
8.87
bNII (bids above ₹10L)
10.27
sNII (bids below ₹10L)
6.05
Individual Investors (IND category bidding for 2 Lots)
4.43
Total **
7.69
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Sep 23, 2025 | 0.00 | 0.15 | 0.15 | 0.15 | 0.38 | 0.22 |
| Day 2 Sep 24, 2025 | 0.00 | 0.40 | 0.13 | 0.94 | 1.06 | 0.61 |
| Day 3 Sep 25, 2025 | 12.50 | 8.87 | 10.27 | 6.05 | 4.43 | 7.69 |
DayDay 1
Sep 23, 2025
QIB (Ex Anchor)0.00
NII*0.15
NII (> ₹10L)0.15
NII (< ₹10L)0.15
Individual Investors0.38
Total0.22
DayDay 2
Sep 24, 2025
QIB (Ex Anchor)0.00
NII*0.40
NII (> ₹10L)0.13
NII (< ₹10L)0.94
Individual Investors1.06
Total0.61
DayDay 3
Sep 25, 2025
QIB (Ex Anchor)12.50
NII*8.87
NII (> ₹10L)10.27
NII (< ₹10L)6.05
Individual Investors4.43
Total7.69
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 30-09-2025 | 104.00 | 9(8.65%) | 113 |
| 29-09-2025 | 104.00 | 9(8.65%) | 113 |
| 28-09-2025 | 104.00 | 9(8.65%) | 113 |
| 27-09-2025 | 104.00 | 3(2.88%) | 107 |
| 26-09-2025 | 104.00 | 3(2.88%) | 107 |
| 25-09-2025 | 104.00 | 6(5.77%) | 110 |
| 24-09-2025 | 104.00 | 4(3.85%) | 108 |
| 23-09-2025 | 104.00 | 12(11.54%) | 116 |
| 22-09-2025 | 104.00 | 13(12.50%) | 117 |
| 21-09-2025 | 104.00 | 10(9.62%) | 114 |
| 20-09-2025 | 104.00 | 10(9.62%) | 114 |
| 19-09-2025 | 104.00 | 5(4.81%) | 109 |
| 18-09-2025 | 104.00 | 0(0.00%) | (0.00%) |
| 17-09-2025 | 0(0.00%) | (0.00%) | |
| 16-09-2025 | 0(%) | (%) |
Date30-09-2025
Price104.00
GMP9(8.65%)
Estimate List Price113
Date29-09-2025
Price104.00
GMP9(8.65%)
Estimate List Price113
Date28-09-2025
Price104.00
GMP9(8.65%)
Estimate List Price113
Date27-09-2025
Price104.00
GMP3(2.88%)
Estimate List Price107
Date26-09-2025
Price104.00
GMP3(2.88%)
Estimate List Price107
Date25-09-2025
Price104.00
GMP6(5.77%)
Estimate List Price110
Date24-09-2025
Price104.00
GMP4(3.85%)
Estimate List Price108
Date23-09-2025
Price104.00
GMP12(11.54%)
Estimate List Price116
Date22-09-2025
Price104.00
GMP13(12.50%)
Estimate List Price117
Date21-09-2025
Price104.00
GMP10(9.62%)
Estimate List Price114
Date20-09-2025
Price104.00
GMP10(9.62%)
Estimate List Price114
Date19-09-2025
Price104.00
GMP5(4.81%)
Estimate List Price109
Date18-09-2025
Price104.00
GMP0(0.00%)
Estimate List Price(0.00%)
Date17-09-2025
Price
GMP0(0.00%)
Estimate List Price(0.00%)
Date16-09-2025
Price
GMP0(%)
Estimate List Price(%)
IPO Important Dates
| 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 |
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
IPO Lot Size
| 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 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares2,400
Amount₹2,49,600
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares2,400
Amount₹2,49,600
ApplicationS-HNI (Min)
Lots3
Shares3,600
Amount₹3,74,400
ApplicationS-HNI (Max)
Lots8
Shares9,600
Amount₹9,98,400
ApplicationB-HNI (Min)
Lots9
Shares10,800
Amount₹11,23,200
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| 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 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 202530.71
31 Mar 202416.66
31 Mar 202314.53
Period EndedTotal Income
31 Mar 202522.19
31 Mar 202413.77
31 Mar 20238.91
Period EndedProfit After Tax
31 Mar 20255.86
31 Mar 20243.35
31 Mar 20231.09
Period EndedEBITDA
31 Mar 20258.19
31 Mar 20244.88
31 Mar 20231.84
Period EndedNET Worth
31 Mar 202521.91
31 Mar 202411.38
31 Mar 20238.03
Period EndedReserves and Surplus
31 Mar 202511.19
31 Mar 202411.37
31 Mar 20238.02
Period EndedTotal Borrowing
31 Mar 20251.68
31 Mar 20241.62
31 Mar 20231.64
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| Matrix Geo Solutions Limited | 5.65 | 5.65 | 20.44 | 35.21 | ||
| Genesys International Corporation Ltd. | 15.89 | 15.89 | 156.02 | 38.63 | 10.77 | 3.93 |
Company NameMatrix Geo Solutions Limited
EPS (Basic)5.65
EPS (Diluted)5.65
NAV (per share) (Rs)20.44
P/E (x)
RoNW (%)35.21
P/BV Ratio
Company NameGenesys International Corporation Ltd.
EPS (Basic)15.89
EPS (Diluted)15.89
NAV (per share) (Rs)156.02
P/E (x)38.63
RoNW (%)10.77
P/BV Ratio3.93
IPO Reservation
| 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%) |
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%)
Information about company
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:
Geospatial & GIS Services – Matrix Geo Solutions specializes in Geographic Information Systems (GIS), remote sensing, and spatial data analysis. These services support urban planning, land-use management, and disaster response.
LiDAR Mapping & 3D Modeling – The company utilizes advanced LiDAR technology for high-resolution mapping, terrain modeling, and 3D visualization, crucial for infrastructure projects.
Photogrammetry & Aerial Surveying—Matrix Geo Solutions provides photogrammetric services, including digital elevation models (DEM), digital terrain models (DTM), and orthoimage generation, through drone, aerial, and satellite imagery.
Engineering & Infrastructure Development – Supporting large-scale projects, the company offers feasibility studies, topographical surveys, and project planning for highways, railways, and smart city development.
Mining & Natural Resource Management – The firm provides geological mapping, mineral exploration, and environmental impact assessments, helping industries optimize resource extraction.
Water Resource & Environmental Studies – Matrix Geo Solutions is involved in water distribution planning, watershed management, and flood risk analysis to support sustainable development.
Software & Application Development – The company develops customized GIS-based applications for various industries, integrating AI and big data analytics for better decision-making.
As of July 31, 2025, the Company had 100 permanent employees on its payroll.
Competitive Strength:
In-house End-to-End Technology Solution.
Long-standing relationships with its clients.
Experienced and Qualified management team.
Objectives of IPO
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
Disclaimer
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