Allotment

Matrix Geo Solutions Ltd. IPO is a book-built issue valued at ₹40.20 crore, comprising an entirely fresh issue of 0.39 crore equity shares, aggregating to ₹40.20 crore.
The IPO opened for subscription on September 23, 2025, and closed on September 25, 2025. The basis of allotment was finalized on September 26, 2025, and the shares were listed on the NSE SME platform on September 30, 2025.
The price band for the Matrix Geo Solutions IPO is fixed at ₹104 per share. The minimum application lot size is 1,200 shares. Retail investors are required to invest a minimum of ₹2,49,600 for 2,400 shares at the upper price band. For HNI investors, the minimum investment is 3 lots (3,600 shares), amounting to ₹3,74,400.
Narnolia Financial Services Ltd. is the book-running lead manager for the issue, while Maashitla Securities Pvt. Ltd. is acting as the registrar. The market maker for the IPO is Prabhat Financial Services Ltd..
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| IPO Date | 30 Sep |
| IPO Listing Date | 30 Sep |
| IPO Face Value | ₹10.00 per share |
| IPO Price Range | ₹104.00 |
| IPO Issue Size | 38,65,200 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Book Building IPO |
| IPO Listing | NSE SME Platform |
| hare Holding Pre Issue | 1,07,16,632 shares |
| IPO Open Date | 23 Sep |
| IPO Close Date | 25 Sep |
| IPO Allotment (Tentative) | 26 Sep |
| Refunds | 29 Sep |
| Credit to Demat Account | 29 Sep |
| IPO Listing Date | 30 Sep |
| Category | Offer |
|---|---|
| QIB Shares Offered | 18,21,600 Shares |
| NII (HNI) Shares Offered | 5,50,800 Shares |
| Retail Shares Offered | 12,79,200 Shares |
Investors can bid for a minimum of 2,400 shares, with additional shares to be purchased in multiples of 1,200.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,49,600 |
| Retail (Max) | 2 | 2,000 | ₹2,49,600 |
| S-HNI (Min) | 3 | 3,600 | ₹3,74,400 |
| S-HNI (Max) | 8 | 9,600 | ₹9,98,400 |
| B-HNI (Min) | 9 | 10,800 | ₹11,23,200 |
Established in 2008, Matrix Geo Solutions Limited is a specialized consultancy firm offering advanced geospatial and survey solutions. The company leverages cutting-edge technologies such as photogrammetry, LiDAR, GIS, and remote sensing, utilizing drone and satellite imagery to serve sectors including railways, roads, irrigation, mining, and power.
Matrix Geo Solutions has successfully executed over 1,500 projects across 27 Indian states, covering diverse geographies ranging from the Himalayan region to dense urban landscapes. Its landmark projects include India’s first bullet train corridor between Ahmedabad and Mumbai, the Pune–Mumbai Hyperloop, and drone-based pipeline monitoring initiatives.
The company’s clientele comprises government departments, public sector undertakings, and leading private enterprises, such as Indian Railways, NHAI, NTPC, GAIL, L&T ECC, Adani Group, and Tata Projects.
Matrix Geo Solutions provides a comprehensive suite of services, including photogrammetry (AT, DTM/DEM, 3D compilation, orthophoto generation), LiDAR mapping, GIS and remote sensing, application development, topographical surveys, and engineering services. Its expertise also spans mining solutions, water distribution planning, satellite and aerial surveys, feasibility studies, infrastructure design, and flood analysis.
Service Offerings
Geospatial & GIS Services: Advanced GIS, remote sensing, and spatial data analytics supporting urban planning, land-use management, and disaster response.
LiDAR Mapping & 3D Modeling: High-resolution LiDAR-based mapping, terrain modeling, and 3D visualization for infrastructure development.
Photogrammetry & Aerial Surveying: Creation of DEMs, DTMs, and orthoimages using drone, aerial, and satellite platforms.
Engineering & Infrastructure Development: Feasibility studies, topographical surveys, and project planning for highways, railways, and smart cities.
Mining & Natural Resource Management: Geological mapping, mineral exploration, and environmental impact assessments.
Water Resource & Environmental Studies: Water distribution planning, watershed management, and flood risk analysis for sustainable development.
Software & Application Development: Customized GIS-based applications integrated with AI and big data analytics to enhance decision-making.
As of July 31, 2025, the company employed 100 permanent personnel.
Competitive Strengths
End-to-end in-house technology solutions
Strong, long-standing client relationships
Experienced and highly qualified management team
| Assets | 30.71 | 16.66 | 14.53 |
| Total Income | 22.19 | 13.77 | 8.91 |
| Profit After Tax | 5.86 | 3.35 | 1.09 |
| EBITDA | 8.19 | 4.88 | 1.84 |
| NET Worth | 21.91 | 11.38 | 8.03 |
| Reserves and Surplus | 11.19 | 11.37 | 8.02 |
| Total Borrowing | 1.68 | 1.62 | 1.64 |
| ROE | 35.21% |
| ROCE | 33.69% |
| Debt/Equity | 0.14 |
| RoNW | 35.21% |
| PAT Margin | 26.52% |
| EBITDA Margin | 37.08% |
| Price to Book Value | 5.09 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | 2.72 |
| 2 | To meet out the expenses of Working Capital Requirement | 15.5 |
| 3 | To meet out the General Corporate Purposes; | 0.95 |
| 4 | Offer for Sale (OFS) | - |
Matrix Geo Solutions Ltd. Address
Plot No-A-1/87
Third Floor, Sewak Park
Uttam Nagar
West Delhi, New Delhi, 110059
+91 7531007100
cs@matrix-geo.com
IPO Registrar
Maashitla Securities Pvt.Ltd.
+91-11-45121795-96
investor.ipo@maashitla.com
https://maashitla.com/allotment-status/public-issues