Matrix Geo Solutions Limited

23 Sep 2025 - 25 Sep 2025 Individual Category SME NSE

Min Investment

₹249600

Price Band

₹98-₹104

Issue Size

27.74 lakhs
Equity Shares

Lot Size

1200 (per lot)

IPO Dates
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23 Sep 2025

Open Date

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25 Sep 2025

Close Date

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26 Sep 2025

Allotment Date

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30 Sep 2025

Listing Date

Matrix Geo Solutions IPO is a book-built issue valued at Rs 40.20 crore, consisting entirely of a fresh issue of 0.39 crore equity shares aggregating to Rs 40.20 crore.The subscription window will open on September 23, 2025, and close on September 25, 2025. Share allotment is expected to be finalised on September 26, 2025, with the company’s shares scheduled to list on the NSE SME platform on September 30, 2025. The price band is fixed between Rs 98 and Rs 104 per share. The lot size is 1,200 shares. For retail investors, the minimum investment stands at Rs 2,49,600 (2,400 shares at the upper band), while for HNI investors, the minimum application size is 3 lots (3,600 shares), requiring Rs 3,74,400. Narnolia Financial Services Ltd. is the book-running lead manager, Maashitla Securities Pvt. Ltd. is the registrar, and the market maker is Prabhat Financial Services Ltd.

Know Before Investing

Strengths icon

  • Provides drone surveys LiDAR GIS and remote sensing across multiple sectors.
  • Delivered 1500+ projects including the bullet train and Statue of Unity.
  • Revenue rose from Rs 666 crore in FY23 to Rs 2209 crore in FY25 with higher margins.

Weaknesses icon

  • Needs skilled talent and constant tech upgrades to stay competitive.
  • Relies heavily on big projects and government contracts prone to delays.
  • Faces tough competition and high working capital needs for expansion.

About Matrix Geo Solutions Limited

Matrix Geo Solutions Limited, founded in 2008, is a consultancy firm specialising in advanced survey technologies such as photogrammetry, LiDAR, GIS, and remote sensing using drones and satellite imagery. It has executed over 1,500 projects across 27 states, including notable works like the Ahmedabad-Mumbai bullet train, Pune-Mumbai Hyperloop, and drone-based pipeline monitoring. Serving clients like Indian Railways, NHAI, NTPC, GAIL, L&T ECC, Adani Group, and Tata Projects, the company offers a wide range of services covering geospatial and GIS solutions, LiDAR mapping, 3D modeling, photogrammetry, aerial surveys, topographical and engineering studies, mining and resource management, water and environmental analysis, as well as custom GIS-based software and applications. With expertise spanning infrastructure, natural resources, and sustainable development, the company employed 100 permanent staff as of July 31, 2025.

Founded

2008

Managing Director

Rahul Jain

Parent Organization

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IPO Objectives

The IPO proceeds are planned to be utilised for multiple purposes, including Rs 6.47 crore for acquiring new drones, Rs 8.02 crore for survey equipment and technologies, Rs 2.72 crore towards capital expenditure, Rs 15.50 crore for meeting working capital needs, and the remaining amount for general corporate purposes.

Company Promoters

Rahul Jain

Amit Sharma

Meenal Jain

Harshada Kulkarni.

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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