IPO Details
Bidding Dates
23 Sept 25 - 25 Sept 25
Price Range ₹
98 - 104
Total Equity
₹ 40.20Cr
Lot Size
2400
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
23 Sept 2025
Offer end
25 Sept 2025
Allotment
26 Sept 2025
Refund initiation
29 Sept 2025
Demat transfer
29 Sept 2025
Listing
30 Sept 2025
Offer start
23 Sept 2025
Offer end
25 Sept 2025
Allotment
26 Sept 2025
Refund initiation
29 Sept 2025
Demat transfer
29 Sept 2025
Listing
30 Sept 2025
About 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.
Year Founded
14-07-2008
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 91.52 | 0 |
| Share Capital | 9807798 | 0 |
Offer to Public
38,65,200.00 Cr
Project Details
- Purchase of New drones - 64.695cr
- Capital expenditure - 27.226cr
- Purchase of Survey Equipment and Technologies - 80.249cr
- Funding the Working Capital requirement - 155cr
Objectives
- To meet out the Expenses for Purchase of New drones
- To meet out the Expenses for Purchase of Survey Equipments and Technologies
- To meet out the Capital expenditure Requirements of our company
- To meet the Working Capital Requirements of our company
- To meet out the General Corporate Purposes.
Highlights
- Expertise in cutting-edge geospatial technologies including drones, LiDAR, and satellite surveys
- Strong track record with 1,500+ projects across varied and challenging terrains
- Extensive client base comprising central and state government bodies and major private firms
- Diverse service portfolio ranging from topographical surveys and 3D modeling to flood analysis and infrastructure monitoring
- Strategic involvement in high-profile infrastructure projects enhancing industry credibility
Challenges
- Potential dependency on government and large infrastructure projects, which may be subject to policy or funding fluctuations
- Challenges in retaining and attracting skilled technical personnel in a niche sector
- Rapid technology evolution requiring continuous investment to stay competitive
- Potential for operational delays due to complex large-scale projects across diverse geographies
- Market competition from emerging geospatial and drone service providers
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2025 | 3,048.13 | 1,071.66 | 586.02 | 586.02 | 5.4683 |
| 2023 | 1,445.20 | 1.00 | 335.00 | 335.00 | 3.3467 |
| 2022 | 1,400.72 | 1.00 | 121.03 | 121.03 | 1.2091 |
| 2024 | 1,648.62 | 1.00 | 586.02 | 586.02 | 5.4683 |
