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.