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Matrix Geo Solutions IPO
Price Band
₹98.0–104.0
Issue Size
₹40.2 Cr
Lot Size
1,200 shares
Min Investment
₹249,600
2 LOTS MIN
GMP
+₹9.0 (8.65%)
Issue Price
₹104.0
Subject to Sauda
₹8200
Paid only if allotted
Matrix Geo Solutions IPO AI Summary
- Matrix Geo Solutions IPO is listed on NSE SME in the IT Enabled Services sector.
- Price band: ₹98.0–₹104.0 per share, lot size 1,200 shares (min. investment ₹249,600, 2 lots minimum).
- Subscription window: 23 Sep–25 Sep 2025, listing on 30 Sep 2025.
- Current GMP is +₹9.0 (8.65%), an estimated listing price of ₹113 — unofficial and can change daily.
Matrix Geo Solutions Limited is a growing consultancy firm in the IT Enabled Services sector, specializing in advanced survey technologies. With a strong project portfolio and a focus on innovation, the company aims to utilize the proceeds from its IPO for expansion and operational needs.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Matrix Geo Solutions IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 25 Sep 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Matrix Geo Solutions IPO Grey Market Premium (GMP) Today
GMP
+₹9.0
GMP %
+8.65%
Est. Listing
₹113.0
Updated: 25 Jul 2026 14:12
About the Company
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.
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 30.71 | 16.66 | 14.53 |
| Total Income | 22.19 | 13.77 | 8.91 |
| Profit After Tax | 5.86 | 3.35 | 1.09 |
| EBITDA | 8.19 | 4.88 | 1.84 |
| NET Worth | 21.91 | 11.38 | 8.03 |
| Reserves and Surplus | 11.19 | 11.37 | 8.02 |
| Total Borrowing | 1.68 | 1.62 | 1.64 |
Key Ratios
EPS
₹5.47
NAV
₹20.44
ROE
35.21%
ROCE
33.69%
RoNW
35.21%
P/B Value
5.09
P/E Ratio
19.02
Market Cap
₹151.65 Cr
PAT Margin
26.52%
Debt/Equity
0.14
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Genesys International Corporation Ltd. | 156.02 | 10.77% | 38.63 | 15.89 | 15.89 |
| Matrix Geo Solutions Limited This IPO | 20.44 | 35.21% | — | 5.65 | 5.65 |
Promoters
Rahul Jain, Amit Sharma, Meenal Jain and Harshada Kulkarni
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Purchase of New drones 6.47 2 Purchase of Survey Equipment and Technologies 8.02 3 Capital Expenditure 2.72 4 Funding the working capital requirements of the Company 15.50 5 General Corporate Purposes 0.95 6 Issue Expenses 6.53 Total 40.20
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹8.91 Cr in the year ending 31 Mar 2023, rising to ₹13.77 Cr by 31 Mar 2024, and further increasing to ₹22.19 Cr by 31 Mar 2025. This shows a significant growth in revenue over the three periods.
Profit Trend
Profit After Tax was ₹1.09 Cr for the year ending 31 Mar 2023, increasing to ₹3.35 Cr by 31 Mar 2024, and reaching ₹5.86 Cr by 31 Mar 2025. This indicates a strong upward trend in profitability over the periods.
Valuation
Matrix Geo Solutions Limited has an EPS of ₹5.47 and is priced at a P/E ratio of 19.02 at the issue price. In comparison, peers like Genesys International Corporation Ltd. have a P/E of 38.63, indicating that Matrix Geo Solutions is priced at a lower multiple relative to its peer group.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand and supply dynamics in the grey market, where shares are traded before they are officially listed on the stock exchange. A positive GMP suggests that the IPO might list at a premium to its issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's essential to consider the company's growth potential and market position.
Who May Want to Wait
Investors with a low risk appetite or those seeking guaranteed returns might want to avoid this IPO. It's important to assess the inherent risks associated with investing in new public offerings.
IPO Timeline, Explained
The IPO opens for subscription on 23 September 2025 and closes on 25 September 2025. Allotment of shares will be done on 26 September 2025, and the listing date is set for 30 September 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable and depend on market conditions, investor sentiment, and the company's performance. While some IPOs experience significant gains on their listing day, others may not perform as expected, leading to potential losses. Investors should be prepared for the volatility associated with new listings.
This evaluation is generated from Matrix Geo Solutions's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Matrix Geo Solutions IPO GMP today?
Matrix Geo Solutions IPO GMP today is +₹9.0 (8.65%), indicating an estimated listing price of ₹113. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Matrix Geo Solutions IPO?
The price band of Matrix Geo Solutions IPO is ₹98.0–₹104.0 per share.
When does Matrix Geo Solutions IPO open and close?
Matrix Geo Solutions IPO opens on 23 September 2025 and closes on 25 September 2025.
When does Matrix Geo Solutions IPO list on the stock exchange?
Matrix Geo Solutions IPO listed on 30 September 2025 at ₹113.0.
What is the lot size for Matrix Geo Solutions IPO?
The lot size for Matrix Geo Solutions IPO is 1200 shares, requiring a minimum investment of ₹249,600 (2 lots).
What is the lot size for this IPO?
The lot size for Matrix Geo Solutions IPO is 1200 shares.
What is the minimum investment required?
The minimum investment required is ₹249,600.
What is the price band for the IPO?
The price band for the IPO is ₹98.0 to ₹104.0.
When does the IPO open and close?
The IPO opens on 23 September 2025 and closes on 25 September 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
23 Sep 2025
Close
25 Sep 2025
Allotment
26 Sep 2025
Listing
30 Sep 2025
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