Matrix Geo Solutions IPO
GMP, Subscription, Price, Dates & Financial Details
Matrix Geo Solutions LimitedEstablished 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…
Open Date
Tue, 23 Sep 2025
Close Date
Thu, 25 Sep 2025
Price Band
₹ 98 – 104
Lot Size
1200
Issue Size
₹ 40.20 Cr
Minimum Investment
₹ 249,600 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Matrix Geo Solutions IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹40.20 Crore.
The Matrix Geo Solutions IPO remained open for subscription from September 23, 2025, to September 25, 2025. The basis of allotment was finalized on September 26, 2025, and the company's shares were listed on NSE SME Platform on September 30, 2025.
The company had fixed the price band at ₹98 to ₹104 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹249,600 (based on the upper price band) to apply for one lot.
Maashitla Securities Pvt. Limited served as the registrar to the issue. Narnolia Financial Services acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Matrix Geo Solutions Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Matrix Geo Solutions IPO Timeline (Tentative)
- IPO Open Date
- Tue, 23 Sep 25
- IPO Close Date
- Thu, 25 Sep 25
- Basis of Allotment
- Fri, 26 Sep 25
- Initiation of Refunds
- Mon, 29 Sep 25
- Credit of Shares to Demat
- Mon, 29 Sep 25
- Listing Date
- Tue, 30 Sep 25 — NSE & BSE
Open Date
23 September 2025
Close Date
25 September 2025
Basis Of Allotment
26 September 2025
Listing Date
30 September 2025
IPO Subscription
Check Live Subscription →The Matrix Geo Solutions IPO has received bids for 1,98,97,200 shares against 25,60,800 shares offered, resulting in an overall subscription of 7.77x. the NII category is subscribed 9.25x, Retail Investors 4.43x, and QIBs 12.5x. Within the NII category, BNII is subscribed 10.86x, while SNII is subscribed 6.05x.
Total
7.77x
QIB
12.5x
NII
9.25x
BNII
10.86x
SNII
6.05x
RII
4.43x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 12,79,200 shares, representing 49.95% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 7,30,800 shares (28.54%), while Non-Institutional Investors (NIIs) receive 5,50,800 shares (21.51%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 730,800 | 28.54% |
| Non-Institutional | 550,800 | 21.51% |
| BNII | 367,200 | 14.34% |
| SNII | 183,600 | 7.17% |
| Retail Investors | 1,279,200 | 49.95% |
| Total | 2,560,800 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Matrix Geo Solutions Limited KPI Information
| 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 |
| Pat Margin % | 26.52 | 24.47 | 16.4 |
Peers Comparison
| 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 |
About Matrix Geo Solutions Limited
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.
Matrix Geo Solutions IPO 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%
Matrix Geo Solutions IPO Objective
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
Matrix Geo Solutions Limited Address / Contact Details
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
Matrix Geo Solutions IPO Lot Size
The Matrix Geo Solutions IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹2,49,600 by applying for 2 lot (2,400 shares). The maximum application allowed for the retail category is 2 lots (2,400 shares), requiring an investment of ₹2,49,600.
| 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 |
Issue Reservation
- QIB — 28.54%
- NII — 21.51%
- RII — 49.95%
Book Running Lead Managers
- Narnolia Financial Services
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Matrix Geo Solutions IPO?
Matrix Geo Solutions IPO is a Book-building IPO with a total issue size of ₹40.2 crore. The Matrix Geo Solutions IPO price band is ₹98 to 104 per share. The Matrix Geo Solutions IPO subscription opens on Tue, Sep 23, 2025, and closes on Thu, Sep 25, 2025. The Matrix Geo Solutions IPO will be listed on the NSE. Maashitla Securities Pvt. Limited is the registrar for the Matrix Geo Solutions IPO.
When will the Matrix Geo Solutions IPO open for subscription?
The Matrix Geo Solutions IPO opens on Tue, Sep 23, 2025 and closes on Thu, Sep 25, 2025
What is Matrix Geo Solutions IPO Price Band?
Matrix Geo Solutions IPO Price Band is ₹98 to 104 per share.
What is Matrix Geo Solutions IPO Lot Size?
Matrix Geo Solutions IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹249600 based on the upper price band
What is the minimum investment for Matrix Geo Solutions IPO?
The minimum investment for Matrix Geo Solutions IPO is ₹249600, based on one lot of 1200 shares at the upper price band of ₹104 per share.
How to apply for Matrix Geo Solutions IPO?
Investors can apply for the Matrix Geo Solutions IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Sep 25, 2025. The application amount remains blocked until the Matrix Geo Solutions IPO allotment is finalized.
What is Matrix Geo Solutions IPO Issue Size?
Matrix Geo Solutions IPO issue size is ₹40.2 crores.
What is the Matrix Geo Solutions IPO Allotment Date?
Matrix Geo Solutions IPO allotment date is Fri, Sep 26, 2025.
Who is the Matrix Geo Solutions IPO Registrar?
The registrar for Matrix Geo Solutions IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website to check Matrix Geo Solutions IPO allotment status, refund processing, and other IPO-related information.
What is the Matrix Geo Solutions IPO GMP?
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 8.65% over the issue price.
Who is the Matrix Geo Solutions IPO Lead Manager?
The book-running lead managers (BRLMs) for the Matrix Geo Solutions IPO are Narnolia Financial Services. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Matrix Geo Solutions IPO Red Herring Prospectus (RHP).