IPO Details
Bidding Dates
27 Aug 24 - 30 Aug 24
Price Range ₹
110 - 0
Total Equity
₹ 33.84Cr
Lot Size
1200
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
27 Aug 2024
Offer end
30 Aug 2024
Allotment
02 Sept 2024
Refund initiation
03 Sept 2024
Demat transfer
03 Sept 2024
Listing
04 Sept 2024
Offer start
27 Aug 2024
Offer end
30 Aug 2024
Allotment
02 Sept 2024
Refund initiation
03 Sept 2024
Demat transfer
03 Sept 2024
Listing
04 Sept 2024
About Company
Founded in 2004, Paramatrix Technologies Limited provides software applications and technology solutions tailored for large and medium-sized enterprises. The company’s offerings are organized into the following categories: Digital Transformation Services: - Application Development and Maintenance (ADM) - Solution Architecture and Design - Enterprise Data Management & Data Analytics - INSIGHT: Accelerator for Analytics, MIS & Reporting - PERFORM: Accelerator for Employee Performance Management - EPPM: Enterprise Framework for Allocation and Scheduling of Work - PACE: Middleware Framework for Centralized Control - ITCS: Accelerator for Employee Share Trading Compliance - DROANA: Virtual Classroom Platform - EVENTJET: Event Log Monitoring & Management Solution - BULWARK: Cloud Security Posture Assessment - PLAYMITY: SaaS-based Gamification Platform Managed Services: - Application Managed Services - Cyber Security Services - Cloud & Data Support Services Paramatrix Technologies serves clients across various sectors, including BFSI, retail, manufacturing, sports, pharmaceuticals, and logistics. As of March 31, 2024, the company employed 182 people.
Year Founded
08-03-2004
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 75.46 | 54.76 |
| Share Capital | 6602500 | 6302500 |
Offer to Public
30,76,800.00 Cr
Project Details
- None - Nonecr
Highlights
- The company’s ISO 9001:2015 and ISO 27001:2013 certifications demonstrate its commitment to quality management and information security, enhancing its credibility and trustworthiness.
- The Paramatrix Application Core Engine (PACE) framework enables rapid application development, reducing time and costs by 20% to 60%, which can lead to higher project profitability and efficiency.
- The INSIGHT accelerator provides pre-built KPIs and data structures that enhance decision-making and operational efficiency, making it a valuable tool for sectors like banking and financial services.
- The company’s solutions cater to a diverse range of industries, including BFSI, retail, manufacturing, sports, pharmaceuticals, and logistics, reducing dependency on any single sector.
- The INSIGHT accelerator's ability to streamline decision support and reduce the need for extensive business user involvement improves overall productivity and efficiency in project execution.
Challenges
- The involvement of the company and its directors in various legal proceedings poses a risk. Adverse judgments could lead to significant penalties, affecting the company’s business operations.
- The planned use of IPO funds for setting up a development center and expanding into new markets (Middle East and East Asia) carries the risk of delays or failure, which could negatively impact growth plans.
- Heavy reliance on the top 10 customers for revenue, which constituted up to 94.33% of total revenue in FY24, increases vulnerability to financial instability if these clients reduce their business or are lost.
- The intricate and costly nature of the company’s product development process means that any inability to sustain investment or meet development milestones could adversely affect growth and innovation.
- The focus on expanding operations in new regions introduces uncertainty. If the company fails to establish a strong presence in these markets, it could affect its revenue growth and operational efficiency.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 2,87,822.16 | 87,500.00 | 69,49,970.50 | 69,49,970.50 | 0.8968 |
| 2023 | 2,97,430.44 | 3,500.00 | 3,30,84,614.00 | 3,35,50,638.00 | 3.7811 |
