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Matrix Geo Solutions Limited IPO

Matrix Geo Solutions Limited IPO

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Listed Price: ₹ 103.90 (-0.10%)

The public market debut of Matrix Geo Solutions Limited's was completed on 30-09-2025 with its listing on the NSE exchange. The IPO process raised 38,65,200 Shares in total capital, consisting of 38,65,200 Shares in new equity.

The offering featured a price range of ₹98 to ₹104 and minimum application size of 1200 shares. Investor response during the subscription period from 23-09-2025 to 25-09-2025 influenced the final allotment ratios across investor categories.

Final allotment was announced on 26-09-2025, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.

Matrix Geo IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Matrix Geo IPO Key Performance Indicator
Company Financials ( In Crores )

Matrix Geo IPO About Company

Matrix Geo Solutions Limited, established in 2008, is a consultancy firm specializing in advanced survey technologies such as photogrammetry, LiDAR, GIS, and remote sensing through drones and satellite imagery. These services cater to sectors like railways, roads, irrigation, mining, and power. Over the years, the company has successfully executed more than 1,500 projects across 27 states in India, covering diverse terrains ranging from the Himalayas to urban landscapes. Notable projects include India’s first bullet train between Ahmedabad and Mumbai, the Pune-Mumbai Hyperloop, and innovative drone-based pipeline monitoring initiatives. Its clientele includes prominent government agencies, public sector organizations, and private companies such as Indian Railways, NHAI, NTPC, GAIL, L&T ECC, Adani Group, and Tata Projects. The company offers a wide range of services including photogrammetry (AT, DTM/DEM, 3D compilation, and orthophoto), LiDAR, GIS/RS, application development, topographical surveys, and engineering services. Expertise also extends to mining, water distribution planning, satellite and aerial surveys, feasibility studies, design, and flood analysis. The firm’s geospatial and GIS services support urban planning, land-use management, and disaster response through spatial data analysis and remote sensing. LiDAR technology is applied for high-resolution mapping, terrain modeling, and 3D visualization, which are vital for infrastructure development. Photogrammetry services include digital elevation models, terrain models, and orthoimage generation using drone, aerial, and satellite imagery. For engineering and infrastructure projects, Matrix Geo Solutions provides feasibility studies, topographical surveys, and planning for highways, railways, and smart cities. Its mining and natural resource management offerings include geological mapping, mineral exploration, and environmental impact assessments, while water resource studies cover distribution planning, watershed management, and flood risk analysis. The company also develops customized GIS-based software applications, incorporating AI and big data analytics to enhance decision-making. As of July 31, 2025, the company employed 100 permanent staff members.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

Matrix Geo IPO Strength Factors

  1. Complete In-House Tech Solutions – Expertise in GIS, LiDAR, photogrammetry, and drone technology minimizes reliance on external vendors.
  2. Trusted Client Base – Long-term partnerships with marquee clients like Indian Railways, NHAI, Adani, and Tata Projects provide stability and growth.
  3. Skilled Leadership Team – Experienced and qualified management ensures successful execution of complex projects across varied terrains.

Matrix Geo IPO Risk Factors

  1. Service Concentration Risk – Heavy dependence on geospatial and consultancy services; limited client base expansion could slow business growth.
  2. Regulatory Reliance – Drone training depends on DGCA licenses and strict regulations; non-compliance may disrupt operations.
  3. Seasonal Impact – Drone operations pause during monsoons; extended rainy seasons can lead to revenue loss.

Matrix Geo IPO Lead Manager(s)

  • Narnolia Financial Services Limited

Matrix Geo IPO Promoter(s)

  1. Mr. Rahul Jain
  2. Mr. Amit Sharma
  3. Ms. Meenal Jain
  4. Ms. Harshada Kulkarni

Matrix Geo IPO Company Details

Matrix Geo Solutions Limited
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Matrix Geo IPO Registrar

Maashitla Securities Private Limited
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Matrix Geo IPO FAQs