Matrix Geo Solutions IPO
Open SmeCurrent GMP
₹9 (+8.65%)
Price Band
₹ 98 – 104
Lot Size
1200
Issue Size
₹40.2 Cr
Minimum Investment
₹249600 (2400 Shares)
Listing Date
30 September 2025
Subscription
7.77x
About the Company
Matrix Geo Solutions Limited
Established in 2008, Matrix Geo Solutions Limited is a leading consultancy firm specializing in advanced geospatial survey technologies, including photogrammetry, LiDAR, GIS, and remote sensing using drones and satellite imagery. The company delivers end-to-end solutions to sectors such as railways, roads, irrigation, mining, and power.
Over the years, Matrix Geo Solutions has successfully executed more than 1,500 projects across 27 Indian states, covering terrains ranging from the Himalayas to dense urban landscapes. Landmark projects include India’s first bullet train corridor between Ahmedabad and Mumbai, the Pune–Mumbai Hyperloop, and pioneering drone-based pipeline monitoring initiatives.
The company serves a diverse client base comprising government agencies, public sector organizations, and private enterprises. Key clients include Indian Railways, NHAI, NTPC, GAIL, L&T ECC, Adani Group, and Tata Projects.
Core Services
- Geospatial & GIS Services – Expertise in Geographic Information Systems (GIS), remote sensing, and spatial data analysis to support urban planning, land-use management, and disaster response.
- LiDAR Mapping & 3D Modeling – High-resolution LiDAR-based mapping, terrain modeling, and 3D visualization to support infrastructure and engineering projects.
- Photogrammetry & Aerial Surveying – Generation of DEMs, DTMs, orthophotos, and 3D compilations using drone, aerial, and satellite imagery.
- Engineering & Infrastructure Development – Feasibility studies, topographical surveys, and project planning for highways, railways, smart cities, and other large-scale infrastructure.
- Mining & Natural Resource Management – Geological mapping, mineral exploration, and environmental impact assessments to aid sustainable resource utilization.
- Water Resource & Environmental Studies – Water distribution planning, watershed management, and flood risk analysis for sustainable development.
- Software & Application Development – Customized GIS-based applications integrating AI and big data analytics to improve decision-making for clients.
Workforce
As of July 31, 2025, Matrix Geo Solutions Limited employed 100 permanent professionals with expertise across geospatial technologies, engineering, software development, and environmental sciences.
Promoters
- Mr. Rahul Jain
- Mr. Amit Sharma
- Ms. Meenal Jain
- Ms. Harshada Kulkarni
Promoters Holding
Holding Pre Issue
91.52%
Holding Post Issue
67.26%
Objects of the Issue
The Company Matrix Geo Solutions IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Purchase of New Drones
- Purchase of Survey Equipments and Technologies
- Capital Expenditure
- Funding the Working Capital requirement
- General Corporate Purposes
Address / Contact Info
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/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 23 September 2025
IPO Close Date
Thursday, 25 September 2025
Basis of Allotment
Friday, 26 September 2025
Initiation of Refunds
Monday, 29 September 2025
Credit of Shares to Demat
Monday, 29 September 2025
Listing Date
Tuesday, 30 September 2025 — NSE & BSE
Important Dates
Open Date
23 September 2025
Close Date
25 September 2025
Basis Of Allotment
26 September 2025
Listing Date
30 September 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 30.71 | 16.66 | 14.53 |
| Revenue | 22.19 | 13.77 | 8.91 |
| Profit After Tax | 5.86 | 3.35 | 1.09 |
| Net Worth | 21.91 | 11.38 | 8.03 |
| Reserve & Surplus | 11.19 | 11.37 | 8.02 |
| Total Borrowings | 1.68 | 1.62 | 1.64 |
EPS Pre
5.47%
EPS Post
4.02%
P/E Pre
19.02
P/E (Post Issue)
25.88x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mon, Mar 31, 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 35.21 | 34.53 | 14.6 |
| ROCE % | 33.69 | 35.53 | 15.79 |
| Debt / Equity | 0.14 | 0.2 | 0.01 |
| RoNW % | 35.21 | 34.53 | 14.6 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 26.52 | 24.47 | 16.4 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 730800 | 28.54 | 0 |
| Non-Institutional | 550800 | 21.51 | 0 |
| BNII | 367200 | 14.34 | 0 |
| SNII | 183600 | 7.17 | 0 |
| Retail Investors | 1279200 | 49.95 | 0 |
| Total | 2560800 | 100 | 0 |
Subscription Status ( Thu, 25 Sep 25 01:31 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Total | 2560800 | 19897200 | 7.77x |
| Qualified Institutions | 730800 | 9135600 | 12.5x |
| Non-Institutional | 550800 | 5097600 | 9.25x |
| BNII | 367200 | 3986400 | 10.86x |
| SNII | 183600 | 1111200 | 6.05x |
| Retail Investors | 1279200 | 5664000 | 4.43x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Matrix Geo Solutions Ltd | 10 | 0.00 | 5.65 | 5.65 | 35.21 | 20.44 |
| Genesys International Corporation Ltd | 5 | 38.63 | 15.89 | 15.89 | 10.77 | 156.02 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 249,600.00 |
| Retail (Max) | 2 | 2,400 | 249,600.00 |
| S-HNI (Min) | 3 | 3,600 | 374,400.00 |
| S-HNI (Max) | 8 | 9,600 | 998,400.00 |
| B-HNI (Min) | 9 | 10,800 | 1,123,200.00 |
Registrar
Maashitla Securities Pvt. Limited
011-45121795-96
investor.ipo@maashitla.com
https://www.maashitla.com
Book Running Lead Managers
- Narnolia Financial Services
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Matrix Geo Solutions IPO is a Book-building IPO worth ₹40.2 crores. The price band is ₹98 to 104 per share. The IPO opens on Tue, Sep 23, 2025 and closes on Thu, Sep 25, 2025. It will be listed on BSE and NSE. Maashitla Securities Pvt. Limited is the registrar.
The Matrix Geo Solutions IPO opens on Tue, Sep 23, 2025 and closes on Thu, Sep 25, 2025
Matrix Geo Solutions IPO Price Band is ₹98 to 104.
Matrix Geo Solutions IPO lot size is 1200, and the minimum amount required for application is ₹249600.
The minimum investment for Matrix Geo Solutions IPO is approximately ₹249600 based on the upper price band.
To apply for the Matrix Geo Solutions IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Sep 25, 2025. After submission, funds are blocked until the basis of allotment of Matrix Geo Solutions IPO is finalised.
Matrix Geo Solutions IPO issue size is ₹40.2 crores.
Matrix Geo Solutions IPO allotment date is Sat, Jun 27, 2026.
The registrar for Matrix Geo Solutions IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website for IPO allotment status, refund processing, and other queries related to Matrix Geo Solutions IPO through their official website or helpline.
The Matrix Geo Solutions IPO GMP (Grey Market Premium) is ₹9 as of Tue, Sep 30, 2025. Based on the upper price band of ₹104 per share, the estimated Matrix Geo Solutions IPO listing price is ₹113, indicating a potential listing gain of approximately 31% over the issue price.