Matrix Geo Solutions IPO

Established in 2008, Matrix Geo Solutions Limited is a consultancy firm specializing in advanced survey technologies, including photogrammetry, LiDAR, GIS, and remote sensing via drones and satellites. Serving railways, roads, irrigation, mining, and power sectors, the company has completed over 1,500 projects across 27 Indian states, including India’s first bullet train and the Pune-Mumbai Hyperloop. Their clients include government agencies, public sector organizations, and private companies like Indian Railways, NHAI, NTPC, GAIL, L&T ECC, Adani Group, and Tata Projects, offering services in geospatial analysis, aerial surveying, engineering, mining, water resource management, and GIS-based software development.

Matrix Geo Solutions Limited IPO Overview

The Matrix Geo Solutions IPO is a book-built issue of 0.39 crore shares, comprising entirely a fresh issue. The IPO opens for subscription on 23 September 2025 and closes on 25 September 2025, with allotment expected to be finalized on 26 September 2025. The shares are proposed to be listed on NSE SME, with a tentative listing date of 30 September 2025. The price band for the issue is set at ₹[.] to ₹[.] per share. Narnolia Financial Services Ltd. is the book-running lead manager, while Maashitla Securities Pvt. Ltd. serves as the registrar of the issue. The market maker for the IPO is Prabhat Financial Services Ltd.

Matrix Geo Solutions Limited IPO Details

Particulars	Details
IPO Date	23 September 2025 to 25 September 2025
Listing Date	30 September 2025
Face Value	₹10 per share
Issue Price Band	₹[.] to ₹[.] per share
Lot Size	[.]
Total Issue Size	38,65,200 shares (aggregating up to ₹[.] Cr)
Fresh Issue	38,65,200 shares (aggregating up to ₹[.] Cr)
Offer for Sale	NA
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
Market Maker Portion	2,13,600 shares

Matrix Geo Solutions Limited IPO Reservation

Investor Category	Shares Offered
Market Maker	2,13,600 (5.53%)
QIB	18,21,600 (47.13%)
NII (HNI)	5,50,800 (14.25%)
Retail	12,79,200 (33.10%)
Total	38,65,200 (100%)

Matrix Geo Solutions Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	[.]	[.]	[.]
Retail (Max)	[.]	[.]	[.]
HNI (Min)	[.]	[.]	[.]

Matrix Geo Solutions Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	91.52%
Post-Issue	67.26%

Matrix Geo Solutions Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	5.65 (Pre IPO) / 4.02 (Post IPO)
Price/Earnings (P/E) Ratio	TBD
Return on Net Worth (RoNW)	35.21%
Net Asset Value (NAV)	20.44
Return on Equity (ROE)	35.21%
Return on Capital Employed (ROCE)	33.69%
EBITDA Margin	37.08%
PAT Margin	26.52%
Debt to Equity Ratio	0.14

Objectives of the Proceeds

• Purchase of new drones to enhance survey capabilities – ₹6.47 Cr

• Acquisition of survey equipment and technologies – ₹8.02 Cr

• Capital expenditure for infrastructure and operations – ₹2.72 Cr

• Fund working capital requirements to support projects – ₹15.50 Cr

• General corporate purposes to strengthen business operations

Key Financials (in ₹ Crores)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	30.71	16.66	14.53
Revenue	22.19	13.77	8.91
Profit After Tax	5.86	3.35	1.09
Reserves and Surplus	11.19	11.37	8.02
Total Borrowings	1.68	1.62	1.64