Matrix Geo Solutions Limited, founded in 2008, has established itself as a consultancy firm providing advanced survey and geospatial solutions. The company focuses on technologies such as photogrammetry, LiDAR, GIS, and remote sensing using drones and satellite imagery. Its services cater to sectors like railways, roads, irrigation, mining, and power. Over the years, Matrix Geo Solutions has completed more than 1,500 projects across 27 Indian states, navigating terrains ranging from the Himalayas to dense urban areas. Notable projects include the Ahmedabad-Mumbai bullet train, the Pune-Mumbai Hyperloop, and drone-based pipeline monitoring. The company’s clients include government agencies, public sector entities, and private firms such as Indian Railways, NHAI, NTPC, GAIL, L&T ECC, Adani Group, and Tata Projects.
The company offers a wide range of services, including GIS and geospatial solutions, LiDAR mapping, photogrammetry, engineering and infrastructure planning, mining surveys, water resource analysis, and custom software development. Matrix Geo Solutions employs advanced technologies to support urban planning, disaster management, and resource optimization. With a team of 100 permanent employees as of July 31, 2025, the company is preparing to enter the public market through its SME IPO, offering investors an opportunity to participate in its growth across India’s infrastructure and resource management sectors.
For more details, visit the Matrix Geo Solutions IPO page.
Matrix Geo Solutions IPO Details and Objectives
Details
| Information
|
IPO Date
| September 23, 2025 to September 25, 2025
|
Issue Size
| 38,65,200 shares
(aggregating up to ₹40.20 Cr)
|
Price Band
| ₹98 to ₹104 per share
|
Lot Size
| 1200 shares
|
Listing At
| NSE BSE
|
Market Maker
| Prabhat Financial Services Ltd.
|
Purpose of the IPO
Purchase of New drones
Purchase of Survey Equipment and Technologies
Capital expenditure
Funding the Working Capital requirement
General corporate purposes
Timeline of Matrix Geo Solutions IPO
Event
| Date
|
---|
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
|
Pricing & Lot Size of Matrix Geo Solutions IPO
Price Band for the IPO
Minimum Lot Size and Application Details
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
|
How to Apply for the Matrix Geo Solutions IPO?
Online Application Process
Log in to Your Trading Account
Access your trading account through your broker’s platform.
Navigate to the IPO Section
Go to the IPO section to view active IPO listings.
Select Matrix Geo Solutions IPO
Find "Matrix Geo Solutions IPO" and click on the ‘Apply’ button.
Enter Application Details
Specify the number of lots (minimum lot size: 1200 shares) and the bid price within the range of ₹98 to ₹104 per share.
Provide Your UPI ID
Enter your UPI ID for payment authorization. Ensure that sufficient funds are available in your linked account.
Review and Submit
Verify all the details entered before submitting the application. Approve the UPI mandate before 5 PM on September 25, 2025, to complete your application process.
Additional Read- How to Apply for the Matrix Geo Solutions IPO?
Financial Health and Performance
Key Financial Metrics
Total Assets: Grew from ₹14.53 crore in FY24 to ₹30.71 crore as of March 2025.
Total income: Reached ₹22.19 crore in FY25.
Profit After Tax (PAT): Stood at ₹5.86 crore for March 2025.
Net Worth: Recorded at ₹21.91 crore in FY25.
Total Borrowing: Recorded at ₹1.68 crore (March 2025), growing steadily over the years.
EBITDA: Stood at ₹8.19 crore in March 2025.
Recent Performance and Growth Prospects
Asset Growth – The company has shown consistent growth in its total assets over the past year, reflecting expansion in its operational and financial capacity.
Revenue Trends – Total income has increased steadily, indicating healthy demand for the company’s geospatial and consultancy services.
Profitability – The company maintains a positive profit after tax, highlighting efficient cost management and operational effectiveness.
Net Worth Expansion – Shareholder equity has strengthened, reflecting improved financial stability and investor confidence.
Borrowing Pattern – Total borrowings have grown gradually, suggesting measured use of debt to support expansion without over-leveraging.
Operational Efficiency – EBITDA growth points to better earnings from core operations, indicating enhanced efficiency and business scalability.
Investment Risks and Opportunities
Potential Risks of Investing in the IPO
Market and Industry Dependence – The company’s revenue relies on projects from sectors like railways, roads, and power, which are influenced by government spending and infrastructure policies.
Technology and Execution Risks – Use of advanced survey technologies such as drones, LiDAR, and satellite imagery requires continuous updates and skilled personnel; delays or technical issues could affect project timelines and profitability.
Opportunities and Growth Potential
Expansion in Infrastructure Projects – Ongoing and upcoming projects in railways, highways, and urban development provide opportunities for the company to increase its service footprint across India.
Technological Integration – Adoption of drones, GIS, and remote sensing, combined with custom software solutions, can enhance service offerings and attract diverse clients from both public and private sectors.
Key Performance Indicator (KPI)
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
|
Matrix Geo Solutions IPO Registrar & Lead Managers
Registrar
| Lead Manager(s)
|
---|
Maashitla Securities Pvt.Ltd.
| Narnolia Financial Services Ltd.
|
Company Address of Matrix Geo Solutions Ltd
Matrix Geo Solutions Ltd.
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/
Conclusion
Matrix Geo Solutions Limited has developed a portfolio of projects across multiple sectors, including railways, roads, irrigation, mining, and power. The company uses technologies such as photogrammetry, LiDAR, GIS, and drone-based remote sensing to provide consultancy and geospatial services. Its client base includes government agencies, public sector entities, and private companies, reflecting the range of sectors in which it operates.
The SME IPO is structured to support capital expenditure, technology acquisition, and working capital needs. Recent financial trends show steady growth in assets, income, and operational earnings, while borrowings remain moderate. Investors can review project scope, service offerings, and the IPO timetable for a clearer understanding of the company’s operations and market presence.
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