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Matrix Geo Solutions IPO: Things Smart Investors Need to Know

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

  •  ₹98 to ₹104 per share

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.

Interested in more opportunities? Check out our Upcoming IPO section for new listings, and don’t forget to check your IPO allotment status for Matrix Geo Solutions IPO. 

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