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Matrix Geo Solutions Limited

Sep 23, 2025 – Sep 25, 2025
Listed Price:
₹103.90
(-0.10%)
Price Band₹98 - ₹104
Lot Size1,200 Shares
Allotment DateSep 26, 2025
Listing DateSep 30, 2025
Subscription7.42 Times
Issue Size₹40.20 Cr

IPO Details

Subscription

lot distribution

Lot Distribution

reservation

Reservation

company financials

Company Fin.

₹6
(5.77%)

Premium (ELP)

The public market debut of Matrix Geo Solutions Limited's was completed on Sep 30, 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 Sep 23, 2025 to Sep 25, 2025 influenced the final allotment ratios across investor categories.

Final allotment was announced on Sep 26, 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
IPO Date
:
Sep 23, 2025 to Sep 25, 2025
Allotment Date
:
Sep 26, 2025
List Date
:
Sep 30, 2025
Lot Size
:
1,200 share
Issue Price
:
₹98 - ₹104
Issue Size
:
38,65,200 (aggregating up to 40.20 Cr)
Fresh Issue
:
38,65,200 (aggregating up to 40.20 Cr)
Offer For Sale
:
-
Listing At
:
NSE
Share Holding Pre-Issue
:
1,07,16,632
Share Holding Post-Issue
:
1,45,81,832
Market Marker Portion
:
2,13,600
First time applying for an IPO? Read our guide on How to Apply for an IPO & Bidding Timings.
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
Shares38,65,200
Anchor
28.22%(10,90,800)
QIB
18.91%(7,30,800)
HNI
14.25%(5,50,800)
RETAIL
33.10%(12,79,200)
Market Maker
5.53%(2,13,600)
Total
100.00%(38,65,200)
Matrix Geo IPO Key Performance Indicators
Want to understand how to evaluate these metrics? Read our guide on IPO Key Performance Indicators (KPIs).
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

Phone:+91 7531007100
address:Plot No-A-1/87 Third Floor, Sewak Park Uttam Nagar West Delhi, New Delhi, 110059
📋Matrix Geo IPO Registrar

Maashitla Securities Private Limited

Name:Maashitla Securities Private Limited
Phone:+91-11-45121795-96
❓Matrix Geo IPO FAQs
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