Matrix Geo Solutions IPO
IPO Listing Details
- Listing Date
30 Sep 2025
- Listing Price
₹ 103.90
- Listing Change
-0.10%
- Last Traded Price
₹ 88.30
Matrix Geo Solutions IPO Details
-
Open Date
23 Sep 2025
-
Close Date
25 Sep 2025
-
Listing Date
30 Sep 2025
- IPO Price Range
₹ 98 to ₹104
- IPO Size
₹ 40.2 Cr
- Listing Exchange
NSE SME
Matrix Geo Solutions IPO Timeline
Matrix Geo Solutions IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 23-Sep-25 | 0.00 | 0.15 | 0.38 | 0.22 |
| 24-Sep-25 | 0.00 | 0.40 | 1.06 | 0.61 |
Last Updated: 29 September 2025 6:48 PM by 5paisa
Matrix Geo Solutions Limited (formerly Matrix Geo Solutions Private Limited) was incorporated in July 2008, and recently (in August 2024) converted from a private limited company to a public limited company. It operates out of Delhi and offers geospatial and remote-sensing services, with a strong emphasis on Drone-as-a-Service (DaaS), photogrammetry, LiDAR, aerial & satellite imaging, GIS / mapping, topographical surveys, etc. The company also offers value-add services such as orthophotos, Digital Elevation / Terrain Models, 3D models, geo-referenced video solutions, and consulting in sectors like railways, roads, irrigation, urban planning, mining, renewable energy, and infrastructure. It also runs a DGCA-authorised Remote Pilot Training Organisation under the brand “Drone Academy of India” for drone pilot training.
Established in: 2008
Managing Director: Rahul Jain
Peers:
Genesys International Corporation Limited
Matrix Geo Solutions Objectives
Purchase of new drones
Procurement of survey equipment and advanced technologies
Meeting capital expenditure requirements
Funding working capital needs
General corporate purposes
Matrix Geo Solutions IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹40.2 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹40.2 Cr |
Matrix Geo Solutions IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 2,35,200 |
| Retail (Max) | 2 | 2,400 | 2,49,600 |
| S-HNI (Min) | 3 | 3,600 | 3,52,800 |
| S-HNI (MAX) | 6 | 7,200 | 7,05,600 |
| B-HNI (Min) | 7 | 8,400 | 8,23,200 |
Matrix Geo Solutions IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 0.00 | 7,30,800 | 0 | 0 |
| NII (HNI) | 0.40 | 5,50,800 | 2,19,600 | 2.284 |
| Individual Investors (IND category bidding for 2 Lots) | 1.06 | 12,79,200 | 13,51,200 | 14.052 |
| Total** | 0.61 | 25,60,800 | 15,70,800 | 16.336 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 6.65 | 13.68 | 22.09 |
| EBITDA | 1.83 | 4.88 | 8.19 |
| PAT | 1.09 | 3.34 | 5.86 |
| Particulars (in Rs. Crores)] | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Assets | 9.80 | 10.15 | 17.80 |
| Share Capital | 0.01 | 0.01 | 10.71 |
| Total Borrowings | 1.63 | 1.62 | 1.68 |
| Particulars (in Rs. Crores | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 0.19 | 2.0 | 1.97 |
| Net Cash Generated From / (used in) investing activities | -1.63 | -1.41 | -1.33 |
| Net Cash Generated From / (used in) financing activities | 1.46 | -0.17 | 4.55 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 0.02 | 0.45 | 5.20 |
Strengths
1. Deep expertise in drone & geospatial tech
2. Broad sector coverage: infrastructure, planning etc.
3. DGCA-authorised drone pilot training capability
4. Growing revenue and profitability recently
5. Low debt relative to assets
Weaknesses
1. High dependency on equipment-intensive operations
2. Possible technology obsolescence risk over time
3. Capex heavy for expansion and upgrades
4. Operating costs and maintenance are high
5. Limited scale compared to large govt GIS contractors
Opportunities
1. Rising demand for drone surveys & mapping
2. Growth in infrastructure & smart city projects
3. Expansion of remote sensing in agriculture / mining
4. Regulatory push for drone usage & mapping data
5. Training & educational services market expansion
Threats
1. Regulatory / policy changes in drone rules
2. Competition from established GIS / mapping firms
3. Volatile cost of advanced survey / drone equipment
4. Delays in project execution due to approvals
5. Risks in scaling while maintaining quality
1. Exposure to fast-growing drone & geospatial service market
2.Proven revenue and earnings growth
3. Diverse offerings: mapping, drone surveys, consulting, training
4. Fresh capital to acquire advanced equipment and drones
5. Backed by favourable regulations and govt infrastructure spending
India’s infrastructure growth, push for digitisation, urban planning and smart city initiatives, along with regulatory support for drone usage and remote sensing, create fertile ground for geospatial service providers. Matrix Geo is positioned to benefit from these macro trends. The demand for accurate mapping, monitoring, inspections (roads, railways, energy, solar, irrigation) is growing rapidly. The added dimension of training (via its RPTO) supports not just service delivery but capacity building in the sector. With its steady financial growth, manageable leverage, and a mix of practical service offerings (surveys, imagery, mapping, consulting, training), Matrix Geo has strong potential to scale. Its success will depend on execution: keeping up with technology, maintaining reliability, winning contracts, competitive pricing, and broadening its client base across geographies.
- Companies
- Type
- Opening On
-
Wakefit Innovations
- Mainboard
- 08th Dec
- Pre-Book
-
Corona Remedies
- Mainboard
- 08th Dec
- Pre-Book
Open Free Demat Account
Be a part of 5paisa community - The first listed discount broker of India.
By proceeding, you agree to all T&C*
FAQs
Matrix Geo SolutionsIPO opens from September 23, 2025 to September 25, 2025.
The size of Matrix Geo SolutionsIPO is ₹40.2 Cr.
The price band of Matrix Geo Solutions IPO is fixed at ₹98 to ₹104 per share.
To apply for Matrix Geo Solutions IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Matrix Geo Solutions IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of the Matrix Geo Solutions IPO is of 2,400 shares and the investment required is ₹2,35,200.
The share allotment date of Matrix Geo Solutions IPO is September 29, 2025.
The Matrix Geo Solutions IPO will likely be listed on September 30, 2025.
Narnolia Financial Services Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue.
Matrix Geo Solutions plans to utilise the raised capital from the IPO for:
● Purchase of new drones
● Procurement of survey equipment and advanced technologies
● Meeting capital expenditure requirements
● Funding working capital needs
● General corporate purposes
Matrix Geo Solutions Contact Details
Plot No-A-1/87
Third Floor, Sewak Park
Uttam Nagar
West Delhi, New Delhi, 110059
Phone: +91 7531007100
Email: cs@matrix-geo.com
Website: https://www.matrix-geo.com/
Matrix Geo Solutions IPO Register
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Matrix Geo Solutions IPO Lead Manager
Narnolia Financial Services Ltd