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Matrix Geo Solutions Ltd

Matrix Geo Solutions Ltd IPO opened on 23 Sep 2025 and closed on 25 Sep 2025, with a price band of ₹98–₹104 per share. The IPO had a lot size of 1200 shares, requiring a minimum investment of ₹2,49,600 per lot at the upper price band. The issue size was ₹40.2 crore, and the shares get listed on 30 Sep 2025.

Matrix Geo Solutions Ltd IPO Details

Listing Date

30 Sep 2025

Bid Price

₹98 - ₹104

Lot Size

1200 Shares

Minimum Investment

₹2,49,600 / 2 Lots

Issue Size

₹40.2 Cr

Key Dates to Track

    Here are the important dates you need to know in order to participate in this IPO

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Offer Start Date

23rd Sep

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Offer End Date

25th Sep

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Allotment Date

26th Sep

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Refund Initiation

29th Sep

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Demat Transfer

29th Sep

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Listing Date

30th Sep

Matrix Geo Solutions Ltd Shareholding Pattern

  Pre-Issue Post-Issue
Promoter Group 91.52% 67.26%
Public Group 8.48% 32.74%

Matrix Geo Solutions Ltd IPO Reservation

QIB Shares Offered 7,30,800 (18.91%)
NII (HNI) Shares Offered 5,50,800 (14.25%)
Retail Shares Offered 12,79,200 (33.1%)
Anchor Investor Shares Offered 10,90,800 (28.22%)
Total Shares Offered 38,65,200
Total Shares With Anchor Investor 38,65,200

Matrix Geo Solutions Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 2 2,400 ₹2,49,600
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

Matrix Geo Solutions Ltd IPO Anchor Portion Size

Bid Date September 22, 2025
Shares Offered 10,90,800
Anchor Investment Details 11.34432

Matrix Geo Solutions Ltd IPO registrar

Maashitla Securities Pvt Ltd
Phone Number 011- 47581432,
Email Id investor.ipo@maashitla.com
Website www.maashitla.com

Matrix Geo Solutions Ltd IPO Lead Manager

1. Narnolia Financial Services Ltd

Matrix Geo Solutions Ltd Financial Information

March 31, 2025 March 31, 2024 March 31, 2023
Net Worth ₹21.91 Cr ₹11.38 Cr ₹8.03 Cr
Reserves and Surplus ₹11.19 Cr ₹11.37 Cr ₹8.02 Cr
Total Borrowing ₹1.68 Cr ₹1.62 Cr ₹1.64 Cr

Matrix Geo Solutions Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid Subscription (Times)
Qualified Institutional Buyers (QIBs) 7,30,800 91,35,600 12.5008
Non Institutional Investors (NIIs) 5,50,800 50,97,600 9.2549
Retail Individual Investors (RIIs) 12,79,200 56,64,000 4.4278
Total 27,74,400 1,98,97,200 7.1717

Strength of Matrix Geo Solutions Ltd

  • Effective market anticipation.
  • Favorable Government policies.
  • Cordial relations with our clients.
  • Emerging segment in India.
  • Quality Deliverables.

Risks Involved

  • Our major revenue is sourced from Geospatial & Consultancy Services. Our inability or failure to manage and attract more clients under these services could adversely affect our business.
  • Our contingent liabilities as stated in our Restated Financial Statements could adversely affect our financial conditions.
  • Our training business, (training through drones) is highly regulated and subject to change, we have a DGCA license subject to certain conditions. If we fail to comply with the applicable regulations, rules prescribed by Government of India as well as condition on which DGCA license has issued, our business, financial condition may have a material adverse effect on our business & operations.
  • Our business operations rely on the continuous updating of technologies and survey equipment. To stay competitive in the market, it is essential for our company to regularly upgrade our technologies.
  • The restated financial statements have been provided by peer reviewed chartered accountants who are not statutory auditors of our Company.
  • We depend on a limited number of customers for a significant portion of our revenues. The loss of a major customer or significant reduction in demand from any of our major customers may adversely affect our business, financial condition, results of operations and prospects.
  • We outsource certain services to external providers and depend on third-party suppliers to deliver services to our customers during periods of increased demand. Any dispute with one or more of them may adversely affect our business operations.
  • Our top four states contribute our major revenue for the period ended September 30, 2024, and the year ended 31st March 2024, 2023, 2022. Any loss of business from one or more of these states may adversely affect our revenues and profitability.
  • Significant security breaches in our software, data and network infrastructure and fraud could adversely impact our business.
  • Any unauthorized access or intrusion into our software or systems, as well as any form of cyber-attack, could significantly harm our business and have a negative impact on our financial condition and operating results.
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Frequently Asked Questions

What is Matrix Geo Solutions Ltd IPO?

Answer Field

Matrix Geo Solutions Ltd IPO is a SME IPO of 38,65,200 equity shares of a face value of ₹10 aggregating up to ₹40.2 Crores. The issue is priced at ₹98 to ₹104 per share. The minimum order quantity is 1200 Shares. The IPO opens on September 23, 2025, and closes on September 25, 2025. Maashitla Securities Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Matrix Geo Solutions Ltd IPO will open?

Answer Field

The Matrix Geo Solutions Ltd IPO opens on September 23, 2025 and closes on September 25, 2025.

What is the lot size of Matrix Geo Solutions Ltd?

Answer Field

Matrix Geo Solutions Ltd lot size is 1200 shares, and the minimum amount required is ₹2,49,600.

How to apply for Matrix Geo Solutions Ltd IPO?

Answer Field

You can apply in Matrix Geo Solutions Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Matrix Geo Solutions Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Matrix Geo Solutions Ltd IPO will be done on September 26, 2025, and the allotted shares will be credited to your demat account by September 29, 2025.

When is Matrix Geo Solutions Ltd IPO listing date?

Answer Field

The Matrix Geo Solutions Ltd listing date is September 30, 2025.

Who is the registrar of Matrix Geo Solutions Ltd IPO?

Answer Field

The registrar of Matrix Geo Solutions Ltd IPO is Maashitla Securities Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Narnolia Financial Services Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Matrix Geo Solutions Ltd IPO?

Answer Field

The fresh issue size is ₹40.2 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Matrix Geo Solutions Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1200 shares and ₹2,49,600 amount.

How can I approve the UPI mandate request for Matrix Geo Solutions Ltd IPO?

Answer Field

To apply for Matrix Geo Solutions Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Matrix Geo Solutions Ltd?

Answer Field

The price of each Matrix Geo Solutions Ltd share will be ranging in between ₹98 to ₹104 per share.

What is the cut-off time for the UPI mandate for Matrix Geo Solutions Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 25, 2025.

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