Matrix Geo Solutions
September 23, 2025 – September 25, 2025
| Price | ₹98 - ₹104 |
| GMP Rumors * | ₹0 |
|---|---|
| Lot size | 1200 |
| Allotment | Sep 26, 2025 |
| Listing | Sep 30, 2025 |
Matrix Geo Solutions Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 2400 | 249600 | 533 |
| sHNI | 3 | 3600 | 374400 | 51 |
| bHNI | 9 | 10800 | 1123200 | 102 |
Matrix Geo Solutions Reservation
| Category | Shares Offered | % |
|---|---|---|
| Anchor | 1090800 | 28.22% |
| QIB | 730800 | 18.91% |
| HNI | 550800 | 14.25% |
| INDIVIDUAL | 1279200 | 33.1% |
| Market Maker | 213600 | 5.53% |
| Total | 3865200 | 100% |
Matrix Geo Solutions About
Matrix Geo Solutions IPO Details
| Issue Size | 38,65,200 shares (aggregating up to ₹[40.19] Cr) |
| Fresh Issue | 38,65,200 shares (aggregating up to ₹[40.19] 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 |
| Reserved for Market Maker | 2,13,600 shares (aggregating up to ₹[.] Cr) |
| Market Maker | Prabhat Financial Services Ltd. |
Key Performance Indicator (KPI)
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 35.21% | 34.53% | 14.60% |
| ROCE | 33.69% | 35.53% | 15.79% |
| RONW | 35.21% | 34.53% | 14.60% |
| EPS (basic) | 5.65 | 3.35 | 1.09 |
Company Financials ( In ₹Crore)
| Period | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| Assets | 30.71 | 16.66 | 14.53 |
| Income | 22.19 | 13.77 | 8.91 |
| Profit | 5.86 | 3.35 | 1.09 |
| EBITDA | 8.19 | 4.88 | 1.84 |
| NET Worth | 21.91 | 11.38 | 8.03 |
| Reserves | 11.19 | 11.37 | 8.02 |
| Borrowing | 1.68 | 1.62 | 1.64 |
Peer Comparision (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Matrix Geo Solutions Limited | - | - | 10 |
| Genesys International Corporation Limited | 38.63 | 613.85 | 5 |
Peer Comparision (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Matrix Geo Solutions Limited | 20.44 | 35.21% | 5.65 |
| Genesys International Corporation Limited | 156.02 | 10.77% | 15.89 |
Company Overview
Incorporated: 2008
Nature of Business: Geospatial consultancy firm specializing in photogrammetry, LiDAR, GIS, and remote sensing using drones & satellite imagery.
Sectors Served: Railways, roads, irrigation, mining, power, smart cities, and water resource management.
Track Record: 1,500+ projects completed across 27 Indian states, including flagship projects like the Ahmedabad–Mumbai Bullet Train, Pune–Mumbai Hyperloop, and drone-based pipeline monitoring.
Clients: Indian Railways, NHAI, NTPC, GAIL, L&T ECC, Adani Group, Tata Projects, and government agencies.
Services Portfolio: GIS & remote sensing, LiDAR mapping & 3D modeling, photogrammetry & aerial surveys, engineering & topographical surveys, mining & natural resource studies, water & environmental studies, and GIS-based software/app development.
Employees (as of July 31, 2025): 100 permanent staff.
Objects of the Issue (Matrix Geo Solutions IPO Objectives)
The Company Matrix Geo Solutions IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
Purchase of New drones: ₹ 6.47 Crores.
Purchase of Survey Equipment and Technologies: ₹ 8.02 Crores.
Capital expenditure: ₹ 2.72 Crores.
Funding the Working Capital requirement: ₹ 15.50 Crores.
General Corporate Purposes
Strength
End-to-End In-House Technology Solutions – Comprehensive expertise in GIS, LiDAR, photogrammetry, and drone tech, reducing dependency on external vendors.
Strong Client Relationships – Long-standing partnerships with marquee clients (Indian Railways, NHAI, Adani, Tata Projects) ensure business stability.
Experienced & Qualified Management Team – Industry expertise enables execution of complex projects across diverse terrains.
Weakness
Revenue Concentration Risk – Heavy reliance on geospatial & consultancy services; inability to scale client base may impact business growth.
Regulatory Dependence – Drone training business subject to DGCA license conditions and strict government regulations; non-compliance could disrupt operations.
Seasonal Dependency – Drone operations halt during monsoon season, leading to revenue loss if monsoons are prolonged.
Matrix Geo Solutions Lead Manager(s)
Matrix Geo Solutions Address
Plot No-A-1/87
Third Floor, Sewak Park
Uttam Nagar
West Delhi, New Delhi, 110059
Phone: +91 7531007100
Email: cs@matrix-geo.com
Website: https://www.matrix-geo.com/
Matrix Geo Solutions Registrar
Matrix Geo Solutions Reviewers
| Reviewer | Recommendation | File |
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