Paramatrix Technologies IPO Details
The Paramatrix Technologies IPO is a fixed price issue with a total issue size of ₹33.84 cr, comprising of fresh issue of 2758800 equity shares., and a offer for sale of 318000 equity shares. Paramatrix Technologies IPO opened for subscription on Aug 27, 2024 and closed on Aug 30, 2024. Paramatrix Technologies IPO has set the price at ₹110 per share, with a lot size of 1200 shares. Minimum investment for Retail investors was ₹264,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 02, 2024, and listed on the NSE on Sep 04, 2024.
Bigshare Services Pvt Ltd has been appointed as the registrar. Inventure Merchant Banker Services Pvt Ltd are the Book Running Lead Manager for the issue.
Before investing in the Paramatrix Technologies IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 110 – 110
- Lot Size
- 1200
- Issue Size
- ₹33.84 Cr
- Minimum Investment
- ₹264000 (2400 Shares)
- Listing Date
- 04 September 2024
Current GMP
₹0 (0.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Paramatrix Technologies Limited
Paramatrix Technologies offers various services like Bespoke Software Development, IT Staff Augmentation, Database Management, Business Process Outsourcing, and System Integration. Headquartered in Mumbai, the company concentrates on creating software applications and technology solutions for large enterprises and mid-size businesses on web and mobile platforms. BFSI, Retail, and Sports are among the key growth sectors for Paramatrix.
The company’s office infrastructure includes a workspace with 200 seats, estimated to cost INR 9.40 crore. Paramatrix’s software applications and technology solutions (Accelerators) Services are broadly classified into two categories:
(A) Digital Transformation Services and
(B) Managed Services.
Additionally, the company provides technology services for other industries such as Manufacturing, Pharmaceutical, Shipping, and Logistics. Paramatrix possesses substantial knowledge, expertise, and experience in developing applications and technology solutions using modern technologies, frameworks, and platforms like Microsoft.Net, Microsoft SQL, Azure, Cross-Platform Mobile Applications, and Java technology, among others.
Paramatrix Technologies IPO Promoters
- Mukesh Keshubhai Thumar
- Bhavna Mukesh Keshubhai Thumar
Promoters Holding
Holding Pre Issue
75.46%
Holding Post Issue
54.77%
Paramatrix Technologies IPO Objective
The Company plans to use the Net Proceeds from the Fresh Issue for:
- Infrastructure development;
- Investment in accelerators to expand service offerings;
- Geographical expansion in the Middle East and East Asia;
- General corporate purposes.
Address / Contact Info
Paramatrix Technologies Limited
E-102, 1st Floor,
Sanpada Railway Station Complex,
Sanpada, Navi Mumbai - 400705
Phone: +91 22 4151 8700
Email: cs@paramatrix.com
Website: https://www.paramatrix.com
IPO Snapshot
Book Running Lead Managers
- Inventure Merchant Banker Services Pvt Ltd
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.
Paramatrix Technologies IPO is a Fixed price IPO with a total issue size of ₹33.84 crore. The Paramatrix Technologies IPO price band is ₹110 to 110 per share. The Paramatrix Technologies IPO subscription opens on Tue, Aug 27, 2024, and closes on Fri, Aug 30, 2024. The Paramatrix Technologies IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the Paramatrix Technologies IPO.
The Paramatrix Technologies IPO opens on Tue, Aug 27, 2024 and closes on Fri, Aug 30, 2024
Paramatrix Technologies IPO Price Band is ₹110 to 110 per share.
Paramatrix Technologies IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹264000 based on the upper price band
The minimum investment for Paramatrix Technologies IPO is ₹264000, based on one lot of 1200 shares at the upper price band of ₹110 per share.
Investors can apply for the Paramatrix Technologies 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 Fri, Aug 30, 2024. The application amount remains blocked until the Paramatrix Technologies IPO allotment is finalized.
Paramatrix Technologies IPO issue size is ₹33.84 crores.
Paramatrix Technologies IPO allotment date is Wed, Jul 1, 2026.
The registrar for Paramatrix Technologies IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Paramatrix Technologies IPO allotment status, refund processing, and other IPO-related information.
The Paramatrix Technologies IPO GMP (Grey Market Premium) is ₹0 as of Fri, Aug 30, 2024. Based on the upper price band of ₹110 per share, the estimated Paramatrix Technologies IPO listing price is ₹110, indicating a potential listing gain of approximately 0% over the issue price.