Matrix Geo Solutions Lists at ₹103.90, Slips Below the Issue Price of ₹104 on Debut

New Delhi, September 30, 2025 – Matrix Geo Solutions Ltd made its debut today on NSE Emerge at ₹103.90 per share, in line with the issue price of ₹104, but slipped in early trade. As of 12:15 PM, Matrix Geo Solutions Limited shares are trading at ₹103.30, with a 2.55% dip.

Matrix Geo IPO Listing Day Trade Snapshot

Matrix Geo Solutions Limited IPO shares are trading at ₹103.30, representing a 2.55% decline from the issue price of ₹104. Shares of Matrix Geo Solutions Limited recorded a traded volume of 13.99 lakh shares, with a total traded value of ₹14.50 crore. The company’s total market capitalisation stands at ₹147.79 crore. Nearly 99.91% of the traded quantity was deliverable, and the applicable margin rate is 100%. The stock’s 52-week high is ₹103.90, and the 52-week low is ₹99.10. The price band for trading is set between ₹98.70 and ₹109.05, with a tick size of 0.05.

Matrix Geo IPO Anchor Allocation

Ahead of its initial public offering (IPO), Matrix Geo Solutions secured ₹11.34 crore from anchor investors by allotting 10,90,800 shares at ₹104 per share on September 22. The anchor allocation was led by Aarth AIF Growth Fund, which received 3,38,400 shares (31.02%), followed by Shine Star Build Cap Pvt Ltd with 2,40,000 shares (22%). Other participants included Saint Capital Fund (11.33%), Holani Venture Capital Fund-I (8.91%), J4S Venture Fund-I (8.91%), Meru Investment Fund PCC – Cell 1 (8.91%), and Nexus Equity Growth Fund SCH-1 (8.91%).

Matrix Geo IPO Subscription Summary

Matrix Geo Solutions Limited’s ₹40-crore initial public offering (IPO) witnessed strong investor demand, being subscribed 7.17 times overall. The IPO saw robust participation from qualified institutional buyers (QIBs), which were subscribed 12.49 times. Meanwhile, retail investors and non-institutional investors contributed to subscriptions of 4.43 times and 3.74 times, respectively. In total, the issue received bids for 1.99 crore shares, significantly higher than the 27.74 lakh shares on offer, highlighting strong market interest for the company’s listing.

About the Company

Established in 2008, Matrix Geo Solutions Ltd is a geospatial and consulting services provider specialising in Drone-as-a-Service (DaaS) and Remote Sensing Services. Its offerings include drone-based aerial surveys, mapping, surveillance, and infrastructure inspection. The company also operates the Drone Academy of India, a DGCA-authorised Remote Pilot Training Organisation, and had 97 employees and 20 drones as of March 2025.

REF: https://www.nseindia.com/get-quotes/equity?symbol=MGSL

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