Matrix Geo Solutions Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,821,600 (47%) | — | ₹1,894 Cr |
| NII (HNI) | — | 550,800 (14%) | — | ₹573 Cr |
| Retail | — | 1,279,200 (33%) | — | ₹1,330 Cr |
| Market Maker | — | 213,600 (6%) | — | ₹22 Cr |
| Σ Total | — | 3,865,200 (100%) | — | ₹40,198 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹124,800 |
| Retail (Max) | 13 | 15,600 | ₹1,622,400 |
| S-HNI (Min) | 14 | 16,800 | ₹1,747,200 |
| B-HNI (Min) | 67 | 80,400 | ₹8,361,600 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 22 | 14 | 9 |
| EBITDA | 8 | 5 | 2 |
| Profit After Tax | 6 | 3 | 1 |
| Net Worth | 22 | 11 | 8 |
| Total Assets | 31 | 17 | 15 |
| Reserves & Surplus | 11 | 11 | 8 |
| Total Borrowing | 2 | 2 | 2 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Purchase of New drones – 6.47
- Purchase of Survey Equipment and Technologies – 8.02
- Capital expenditure – 2.72
- Funding the Working Capital requirement – 15.50
- General Corporate Purposes –
Company Overview
Established in 2008, Matrix Geo Solutions Limited is a consultancy firm specializing in advanced survey technologies, such as photogrammetry, LiDAR, GIS, and remote sensing using drones and satellite imagery. These technologies serve the railways, roads, irrigation, mining, and power sectors.
The company has completed over 1,500 projects in 27 Indian states, covering diverse terrains from the Himalayas to urban areas. Key projects include India's first bullet train between Ahmedabad and Mumbai, the Pune-Mumbai Hyperloop, and innovative drone-based pipeline monitoring.
The company's clients include government agencies, public sector organizations, and private companies like Indian Railways, NHAI, NTPC, GAIL, L&T ECC, Adani Group, and Tata Projects.
Matrix Geo Solutions offers services in photogrammetry (AT, DTM/DEM, 3D compilation, orthophoto), LiDAR, GIS/RS, application development, topographical surveys, and engineering services. Their expertise extends to mining, water distribution planning, satellite and aerial surveys, feasibility studies, design, and flood analysis.
Services:
- Geospatial & GIS Services – Matrix Geo Solutions specializes in Geographic Information Systems (GIS), remote sensing, and spatial data analysis. These services support urban planning, land-use management, and disaster response.
- LiDAR Mapping & 3D Modeling – The company utilizes advanced LiDAR technology for high-resolution mapping, terrain modeling, and 3D visualization, crucial for infrastructure projects.
- Photogrammetry & Aerial Surveying—Matrix Geo Solutions provides photogrammetric services, including digital elevation models (DEM), digital terrain models (DTM), and orthoimage generation, through drone, aerial, and satellite imagery.
- Engineering & Infrastructure Development – Supporting large-scale projects, the company offers feasibility studies, topographical surveys, and project planning for highways, railways, and smart city development.
- Mining & Natural Resource Management – The firm provides geological mapping, mineral exploration, and environmental impact assessments, helping industries optimize resource extraction.
- Water Resource & Environmental Studies – Matrix Geo Solutions is involved in water distribution planning, watershed management, and flood risk analysis to support sustainable development.
- Software & Application Development – The company develops customized GIS-based applications for various industries, integrating AI and big data analytics for better decision-making.
As of July 31, 2025, the Company had 100 permanent employees on its payroll.
Competitive Strength:
- In-house End-to-End Technology Solution.
- Long-standing relationships with its clients.
- Experienced and Qualified management team.