Matrix Geo Solutions IPO Sees Strong Demand, Subscribed 7.69x by Day 3

Matrix Geo Solutions Limited's initial public offering (IPO) has demonstrated strong investor interest through its final day of subscription, with Matrix Geo Solutions' stock price set at ₹98-104 per share, reflecting positive market reception. The ₹40.20 crore IPO reached 7.69 times by 5:24:10 PM on day three.

Matrix Geo Solutions IPO qualified institutional buyers segment leads with a strong 12.50 times subscription, whilst non-institutional investors show a strong 8.87 times, and individual investors demonstrate moderate participation at 4.43 times, whilst anchor investors show complete participation at 1.00 times, and market makers show complete participation at 1.00 times.

IPO Subscription Status

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Subscription Details (as of Day 3)

Key Highlights - Day 3:

• Overall subscription reached strong 7.69 times, showing remarkable surge from day two's 0.61 times with explosive final-day momentum
• Qualified institutional buyers displaying strong enthusiasm at 12.50 times, building dramatically from zero participation in previous days showing sudden institutional confidence
• Non-institutional investors showing strong performance at 8.87 times, building substantially from day two's 0.40 times with bNII segment leading at 10.27 times
• Individual investors demonstrating moderate confidence at 4.43 times, building significantly from day two's 1.06 times showing improved retail sentiment
• Total applications reached 2,999, with individual investors contributing 2,360 applications indicating strong retail participation
• Cumulative bid amount reached ₹204.71 crores, representing 509% of the issue size of ₹40.20 crores

Key Highlights - Day 2:

• Overall subscription reached limited 0.61 times, showing improvement from day one's 0.22 times
• Individual investors displaying moderate confidence at 1.06 times, building from day one's 0.38 times
• Non-institutional investors showing limited performance at 0.40 times, building from day one's 0.15 times
• Qualified institutional buyers showing no participation at 0.00 times, remaining unchanged from day one

Key Highlights - Day 1:

• Overall subscription reached weak 0.22 times, showing poor initial investor interest in this SME geospatial technology IPO
• Individual investors showing limited confidence at 0.38 times, indicating weak initial retail sentiment
• Non-institutional investors displaying minimal performance at 0.15 times, showing cautious HNI approach
• Qualified institutional buyers showing no participation at 0.00 times on opening day

About Matrix Geo Solutions Ltd.

Established in 2008, Matrix Geo Solutions Limited is a consultancy firm specializing in advanced survey technologies including photogrammetry, LiDAR, GIS, and remote sensing using drones and satellite imagery. The company has completed over 1,500 projects across 27 Indian states, serving railways, roads, irrigation, mining, and power sectors with notable projects including India's first bullet train and the Pune-Mumbai Hyperloop.