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Matrix Geo Solutions Ltd. IPO Details – Price, Date, GMP & Analysis
Listed
SME
Price Range:
Rs.104.00
Issue Size:
Rs.40.20 Cr
Lot Size:
1200 shares
Open Date:
September 23
Matrix Geo Solutions Ltd. IPO Overview
Bidding Dates
September 23 - September 25
Min Investment
₹124,800
Price Range
₹104.00
Issue Size
₹40.20 Cr
IPO DRHP Doc
Company Overview
Established in 2008, Matrix Geo Solutions Limited is a consultancy firm specializing in advanced survey technologies, including photogrammetry, LiDAR, GIS, and remote sensing. The company has completed over 1,500 projects across 27 Indian states, serving sectors like railways, roads, irrigation, mining, and power. Key projects include India's first bullet train and the Pune-Mumbai Hyperloop. Their clients range from government agencies to private companies, offering services in various areas such as topographical surveys and flood analysis. As of July 31, 2025, the company employed 100 permanent staff.
IPO Timeline
Opens
Sep 23
Closes
Sep 25
Allotment
Sep 26
Refunds
Sep 29
Shares Credit
Sep 29
Listing
Sep 30
Opens
Sep 23
Closes
Sep 25
Allotment
Sep 26
Refunds
Sep 29
Shares Credit
Sep 29
Listing
Sep 30
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 12.50x | Oversubscribed |
| NII (Non-Institutional Investors/HNI) | 8.87x | Oversubscribed |
| RII (Retail Individual Investors) | 4.43x | Oversubscribed |
| Total Subscription | 7.69x | Oversubscribed |
Last updated: Sep 25, 2025, 06:21 PM
Current GMP:
Rs.9
Est. Listing:
Rs.113
Est. Gain:
+8.7%
Star Rating:
★★★★★(0/5)
Financial Information
Financial Data Table
Detailed breakdown of financial metrics across years
| Financial Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Assets | ₹30.71 Cr | ₹16.66 Cr | ₹14.53 Cr |
| EBITDA | ₹8.19 Cr | ₹4.88 Cr | ₹1.84 Cr |
| NET Worth | ₹21.91 Cr | ₹11.38 Cr | ₹8.03 Cr |
| Profit After Tax | ₹5.86 Cr | ₹3.35 Cr | ₹1.09 Cr |
| Reserves and Surplus | ₹11.19 Cr | ₹11.37 Cr | ₹8.02 Cr |
| Total Borrowing | ₹1.68 Cr | ₹1.62 Cr | ₹1.64 Cr |
| Total Income | ₹22.19 Cr | ₹13.77 Cr | ₹8.91 Cr |
Financial data is visualized in the chart above
Strengths & Risks Analysis
Key Strengths
Competitive advantages and positive aspects
- DGCA-authorised Remote Pilot Training Organisation with certified training programs
- Comprehensive service portfolio from drone surveys to geospatial consulting and training
- Advanced technology stack including LiDAR, satellite imagery and drone-based solutions
- Strong financial performance with consistent revenue growth and improving profitability margins
IPO Details
Matrix Geo Solutions IPO Details
| Face Value | ₹10 per share |
| IPO Date | September 23, 2025 to September 25, 2025 |
| Issue Price Band | ₹98 to ₹104 per share |
| Issue Price Final | ₹104 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Listing Date | September 30, 2025 |
| Lot Size | 1,200 Shares |
| Net Offered to Public | 36,51,600 shares (aggregating up to ₹37.98 Cr) |
| Reserved for Market Maker | 2,13,600 shares (aggregating up to ₹2.22 Cr)Prabhat Financial Services Ltd. |
| Sale Type | Fresh Capital |
| Share Holding Post Issue | 1,45,81,832 shares |
| Share Holding Pre Issue | 1,07,16,632 shares |
| Total Issue Size | 38,65,200 shares (aggregating up to ₹40.20 Cr) |
Matrix Geo Solutions IPO Reservation
Share Reservation Distribution
QIB
1,821,600 shares (47.13%)
Retail
1,279,200 shares (33.1%)
Anchor Investors
1,090,800 shares (28.22%)
QIB (Ex-Anchor)
730,800 shares (18.91%)
HNI (NII)
550,800 shares (14.25%)
bNII (>₹10L)
367,200 shares (9.5%)
Market Maker
213,600 shares (5.53%)
sNII (<₹10L)
183,600 shares (4.75%)
Matrix Geo Solutions IPO Promoter Holding
| Promoter Holding Post Issue | 67.26% |
| Promoter Holding Pre Issue | 91.52% |
Matrix Geo Solutions IPO Listing Details
| BSE Script Code | |
| Final Issue Price | ₹104 per share |
| ISIN | INE132901013 |
| Listing Date | September 30, 2025 |
| NSE Listing Group | ST (Trade to Trade) |
| NSE Symbol | MGSL |
Key Dates
Open Date:September 23
Close Date:September 25
Listing Date:September 30
