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Matrix Geo Solutions Limited IPO | Important Dates, Price, and More
Author
Shoonya Team
Matrix Geo Solutions Limited has launched its ₹40.20 crore IPO, which will open for subscription on September 23, 2025, and close on September 25, 2025. The shares are proposed to be listed on the NSE SME platform, with a tentative listing date of September 30, 2025.
The IPO price band has been fixed at ₹98 – ₹104 per share, with a minimum application size of 2,400 shares. For retail investors, this translates into a minimum investment of about ₹2.49 lakh, while HNIs need to apply for at least 3,600 shares (₹3.74 lakh).
The issue is a 100% fresh issue, aggregating to ₹40.20 crore, with 2,13,600 shares reserved for the market maker, Prabhat Financial Services Ltd. The company successfully raised ₹11.34 crore from anchor investors on September 22, 2025, thus reflecting strong early demand.
Here are the quick steps to apply for the Matrix Geo Solutions Limited IPO!
Matrix Geo Solutions Limited | IPO Details
| Detail | Information |
| IPO Opening Date | September 23, 2025 |
| IPO Closing Date | September 25, 2025 |
| Tentative IPO Listing Date | September 30, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹98 – ₹104 per share |
| Lot Size | 1,200 shares (minimum 2 lots = 2,400 shares) |
| Total Issue Size | 38,65,200 shares (₹40.20 Cr) |
| Fresh Issue | 38,65,200 shares (₹40.20 Cr) |
| Offer for Sale (OFS) | — (No OFS, entire issue is fresh) |
| Market Maker Portion | 2,13,600 shares (₹2.22 Cr) – Prabhat Financial Services Ltd. |
| Net Issue to Public | 36,51,600 shares (₹37.98 Cr) |
| IPO Segment | NSE SME – Book Building |
| Listing At | NSE SME |
| Shareholding Pre-Issue | 91.52% |
| Shareholding Post-Issue | 67.26% |
Matrix Geo Solutions Limited IPO | Company Overview
Matrix Geo Solutions Limited was established in 2008. It is a geospatial consultancy firm that uses advanced technologies like LiDAR, photogrammetry, GIS, remote sensing, and drone-based surveys.
The company has successfully completed 1,500+ projects across 27 states in India, working in terrains that range from the Himalayas to dense urban regions. Some of its landmark contributions include India’s first bullet train project (Ahmedabad–Mumbai), the Pune–Mumbai Hyperloop feasibility studies, and drone-based pipeline monitoring.
Matrix Geo Solutions serves a diverse client base, including government bodies, public sector companies, and private giants such as Indian Railways, NHAI, NTPC, GAIL, Adani Group, Tata Projects, and L&T ECC. As of July 31, 2025, the company had 100 permanent employees, including specialists in geospatial and engineering domains.
Matrix Geo Solutions Limited IPO | Key Details
- IPO Opening Date: September 23, 2025
- IPO Closing Date: September 25, 2025
- Allotment Date: September 26, 2025
- Price Band: ₹98 – ₹104 per share
- IPO Size: ₹40.20 Crores (Fresh Issue)
- Refunds Initiated: September 29, 2025
- Shares Credited to Demat: September 29, 2025
- Listing Date: September 30, 2025
- Cut-off Time for UPI Mandate Confirmation: 5 PM on September 25, 2025
Matrix Geo Solutions Limited IPO | Financial Overview
Matrix Geo Solutions has delivered strong growth in FY25. Revenue jumped by 61%, while profit after tax (PAT) rose by 75% compared to FY24.
Here’s a snapshot of the financial performance:
Amounts are in ₹ Crore
| Financial Information (₹ in Crore) | 31-Mar-25 | 31-Mar-24 | Change (FY25 vs FY24) | Change % |
| Assets | 30.71 | 16.66 | +14.05 | +84.3% |
| Total Income | 22.19 | 13.77 | +8.42 | +61.1% |
| Profit After Tax | 5.86 | 3.35 | +2.51 | +74.9% |
| EBITDA | 8.19 | 4.88 | +3.31 | +67.8% |
| Net Worth | 21.91 | 11.38 | +10.53 | +92.5% |
| Reserves & Surplus | 11.19 | 11.37 | -0.18 | -1.6% |
| Total Borrowing | 1.68 | 1.62 | +0.06 | +3.7% |
Matrix Geo Solutions Limited IPO | FAQs
The Matrix Geo Solutions IPO opens on September 23, 2025, and closes on September 25, 2025.
The price band of Matrix Geo Solutions IPO is ₹98 – ₹104 per share. The minimum application size is 2,400 shares (2 lots), requiring a retail investment of about ₹2.49 lakh.
The allotment status of Matrix Geo Solutions IPO can be checked on the registrar’s website, Maashitla Securities Pvt. Ltd., by entering your PAN, application number, or Demat ID after allotment is finalised on September 26, 2025.
Refunds for non-allottees of the Matrix Geo Solutions IPO will be processed on September 29, 2025. The demat credit date of successful applicants is September 29, 2025.
The face value of Matrix Geo Solutions equity shares is ₹10 per share.
The Matrix Geo Solutions IPO is a fresh issue of 38.65 lakh shares, aggregating to ₹40.20 crore. There is no Offer for Sale (OFS).
Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.
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