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Matrix Geo Solutions IPO
Matrix Geo Solutions Ltd is launching its book-built SME IPO from September 23 to September 25, 2025. The IPO aims to raise approximately ₹40.20 crore through a fresh issue of 38,65,200 equity shares. The price band is fixed between ₹98 and ₹104 per share with a lot size of 1,200 shares. The basis of allotment is expected on September 26, 2025, with refunds starting on September 29 and listing on NSE SME planned for September 30, 2025. Narnolia Financial Services is the book-running lead manager and Maashitla Securities is the registrar.
Company Background
Matrix Geo Solutions Limited, established in 2008 and headquartered in Delhi, is a leading geospatial technology company. The firm leverages cutting-edge tools like drones, LiDAR, satellite imagery and ground-penetrating radar to provide advanced surveying, mapping and analytics solutions. Matrix Geo serves clients across railways, roads, irrigation, mining, power and urban infrastructure sectors. The company delivers geospatial insights that aid smarter decision-making and sustainable development.
Operations And Product Range
Matrix Geo Solutions offers a comprehensive range of services in geospatial technology, including photogrammetry, LiDAR scanning, GIS mapping, remote sensing and drone-based aerial surveys. Its products assist in infrastructure planning, asset management and environmental monitoring for clients in both public and private sectors.
Facility And Production
The company operates technologically advanced facilities with a fleet of drones and sophisticated survey equipment. It invests significantly in upgrading hardware and software to ensure data accuracy and timely delivery. Skilled geospatial analysts and engineering teams support data processing and interpretation with a focus on client-specific customization.
Brands And Market Presence
Matrix Geo is recognized for its technological expertise and reliable service delivery in the geospatial domain. It maintains a strong presence across India with projects in major infrastructure sectors. The brand is valued for combining traditional surveying methods with innovative digital technologies, enabling efficient project execution and client satisfaction.
Revenue Channels
- Drone-based aerial survey and photogrammetry services.
- LiDAR data acquisition and processing for infrastructure and environmental projects.
- GIS mapping and spatial data analytics for asset and resource management.
- Ground-penetrating radar (GPR) surveys for detailed subsurface investigations.
- Satellite imagery analysis for urban planning and disaster management.
- Customized geospatial consulting and project-specific solution development.
Management And Shareholding
Promoters And Shareholding
The promoters of Matrix Geo Solutions come with diverse experience in geospatial technology and business development. They have been instrumental in driving strategic growth, technological innovation and market expansion. The promoter group holds a majority stake before the IPO, which will dilute following the fresh equity issuance while retaining effective control.
Board Members
The board comprises promoter directors along with independent members who bring expertise in governance, risk management, finance and industry knowledge. Committees for audit, nomination and remuneration ensure strong corporate governance aligned with regulatory norms for SME-listed entities.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Matrix Geo Solutions IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Matrix Geo Solutions IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 23, 2025 to September 25, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹98 to ₹104 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 38,65,200 shares (aggregating up to ₹40.20 Cr) |
| Reserved for Market Maker | 2,13,600 shares (aggregating up to ₹2.22 Cr) Prabhat Financial Services Ltd. |
| Net Offered to Public | 36,51,600 shares (aggregating up to ₹37.98 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,07,16,632 shares |
| Share Holding Post Issue | 1,45,81,832 shares |
Matrix Geo Solutions IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tue, Sep 23, 2025 |
| IPO Close Date | Thu, Sep 25, 2025 |
| Tentative Allotment | Fri, Sep 26, 2025 |
| Initiation of Refunds | Mon, Sep 29, 2025 |
| Credit of Shares to Demat | Mon, Sep 29, 2025 |
| Tentative Listing Date | Tue, Sep 30, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 25, 2025 |
Matrix Geo Solutions IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,49,600 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹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 |
Matrix Geo Solutions IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 91.52% |
| Promoter Holding Post Issue | 67.26% |
Competitive Strength:
- ●Advanced technology usage: drones, LiDAR, GPR and satellite data integration.
- ●Diversified client base across critical infrastructure sectors.
- ●Strong technical team supporting end-to-end geospatial solutions.
- ●Timely and high-quality data delivery improving client decision-making.
Matrix Geo Solutions IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 30.71 | 22.19 | 5.86 | 21.91 | 1.68 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 17 | 14 | 3 | 11 | 2 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 14.53 | 8.91 | 1.09 | 8.03 | 1.64 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.47 | 4 |
| P/E (x) | 19.02 | 26 |
IPO Objectives
- Purchase of new drones and upgrade of existing survey equipment.
- Capital expenditure for technology enhancement and capacity expansion.
- Augmentation of working capital to support increased project volumes.
- General corporate purposes to strengthen operational and financial processes.
Conclusion
Matrix Geo Solutions Ltd’s IPO offers investors a chance to participate in a cutting-edge geospatial technology company with a growing presence across infrastructure sectors. The combined use of drones, LiDAR, GIS and satellite imagery positions the company to capitalize on India’s infrastructure development needs. Fundraising through the ₹40.20 crore SME IPO will bolster technological capabilities and enhance business capacity.
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Frequently asked Questions (FAQs )
-
What are the IPO dates and price band?
The IPO opens on September 23, 2025 and closes on September 25, 2025, with the price band set at ₹98 to ₹104 per share.
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What is the issue size and minimum investment?
The IPO aims to raise about ₹40.20 crore by issuing 38.65 lakh shares. Each lot consists of 1,200 shares, requiring an investment of around ₹1.24 lakh at the upper price band.
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What business does Matrix Geo Solutions operate in?
Matrix Geo provides geospatial technology and consulting services using drones, LiDAR, photogrammetry, GIS and satellite imagery for infrastructure and environmental applications.
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Who are the promoters and what is their shareholding?
The promoters have extensive experience in geospatial tech and hold the majority stake pre-IPO. Their holding will dilute with the fresh issue but they will continue to retain control.
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