Paramatrix Technologies IPO: Key highlights of upcoming IPO

• Paramatrix Technologies IPO is a fixed price issue worth up to Rs 33.84 crore.
• Bidding opens on August 27 and closes on August 30, 2024.
• Paramatrix Technologies SME IPO price set at Rs 110 per share.
• The minimum amount required for retail investors is Rs 1,32,000.

Paramatrix Technologies IPO: Synopsis

Paramatrix Technologies is open for subscription from Tuesday, August 27, 2024, and closing on Friday, August 30, 2024. The price for this IPO is set at Rs 110 per share.

Paramatrix Technologies’ IPO is offering a fixed price issue with a fresh issue of 27.58 lakh of equity shares and an OFS of 3.18 lakh of equity shares. The allotment for this new IPO is expected to be finalized on Monday, September 2, 2024. The listing of this IPO will be done on Wednesday, September 4, 2024, at NSE SME segment.

The minimum lot size set for the retail category is 1 lot, i.e., 1200 shares. For retail investors, the minimum and maximum investment amount required is Rs 132,000. However, for the HNI category, the maximum lot size is 2 lots, i.e., 2,400 shares amounting to Rs 264,000.

The IPO is managed by Inventure Merchant Banker Services Private Limited, which is the book-running lead manager of this public issue. The company has appointed Bigshare Services Private Limited as the registrar for the issue. In contrast, Svcm Securities is the market maker for the Paramatrix Technologies IPO.

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Paramatrix Technologies Limited: About the Company

Paramatrix Technologies Limited, established in 2004, specializes in providing software applications and technology solutions for large and medium-sized enterprises. The company is offerings are divided into two main categories: Digital Transformation Services and Managed Services. Their digital transformation services include a range of accelerators such as INSIGHT for analytics, PERFORM for employee performance management, and PLAYMITY, a SaaS-based gamification platform. Furthermore, they provide managed services like Application Managed Services, Cyber Security, and Cloud & Data Support.

Paramatrix serves clients across various sectors, including BFSI, retail, manufacturing, sports, pharma, and logistics, with a workforce of 182 employees as of March 31, 2024.

Paramatrix Technologies IPO: Objectives

The company plans to utilise the fundings from the fresh Issue to support several strategic initiatives. These include capital expenditure for building infrastructure, investing in a suite of accelerators to enhance service offerings, and expanding geographically into the Middle East and East Asia. Additionally, a portion of the funds will be allocated for general corporate purposes.

Time-Table of Paramatrix Technologies IPO

Paramatrix Technologies IPO: Financial Metrics (Amt in Rs Lakhs)

Minimum Investment: Lot Size Details

Promoters of Paramatrix Technologies Limited and Their Holdings

The company's promoters are Mukesh Keshubhai Thumar and Bhavna Mukesh Keshubhai Thumar. The promoters collectively held 75.46% of the company's shares. However, post-IPO, their combined shareholding will be 54.77%.

FAQs

1.   What are the core details available of Paramatrix Technologies IPO?

Paramatrix Technologies IPO is a book-built issue of 30.76 lakh equity shares. This upcoming IPO is offering a fresh issue of 27.58 lakh equity shares and an offer for sale of 3.18 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, September 2, 2024.

2.   How can I apply for the Paramatrix Technologies IPO?

The public subscription of this new IPO opens on August 27 and closes on August 30, 2024. Click here to initiate the application process.

3.   Who is the lead manager(s) for the Paramatrix Technologies IPO?

Inventure Merchant Banker Services Private Limited was appointed as the book-running lead manager for the IPO.

4.   Who is appointed as the registrar for this IPO?

Bigshare Services Private Limited has been appointed as the registrar for this public issue.

5.   How will the net proceeds from the IPO be utilised?

The company plans to utilise the fundings from the fresh Issue to support several strategic initiatives. These include capital expenditure for building infrastructure, investing in a suite of accelerators to enhance service offerings, and expanding geographically into the Middle.

6.   How can I check the allotment status of the IPO?

Investors who applied for IPO can check the allotment status of Paramatrix Technologies IPO by visiting here, for further updates, follow Bigul.

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