Paramatrix Technologies IPO
IPO Listing Details
- Listing Date
04 Sep 2024
- Listing Price
₹ 115.05
- Listing Change
4.59%
- Last Traded Price
₹ 92.05
IPO Details
- Open Date
27 Aug 2024
- Close Date
30 Aug 2024
- IPO Price Range
₹ 110
- IPO Size
₹ 33.84 Cr
- Listing Exchange
NSE SME
- Listing Date
04 Sep 2024
IPO Timeline
Paramatrix Technologies IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 27-Aug-24 | - | 0.41 | 1.42 | 0.92 |
| 28-Aug-24 | - | 1.04 | 3.68 | 2.36 |
| 29-Aug-24 | - | 1.64 | 6.09 | 3.87 |
| 30-Aug-24 | - | 6.23 | 11.86 | 9.21 |
Last Updated: 30 August 2024 6:14 PM by 5Paisa
Last Updated: 30th August 2024, 5:55 PM by 5paisa
Paramatrix Technologies IPO is set to open on 27 August 2024 and will close on 30 August 2024. The company provides software applications and technology solutions for large and medium-sized enterprises.
The IPO includes a fresh issue of 27,58,800 shares aggregating up to ₹30.35 Cr and it also includes an offer for sale of 3,18,000 shares aggregating up to ₹3.50 Cr. The price is ₹110 per share and the lot size is 1200 shares.
The allotment is scheduled to be finalized on 02 September 2024. It will go public on NSE SME, with a tentative listing date of 04 September 2024.
Inventure Merchant Banker Services Pvt Ltd is the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar.
Paramatrix IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO Size | 33.84 |
| Offer For Sale | 3.50 |
| Fresh Issue | 30.35 |
Paramatrix IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | 1,32,000 |
| Retail (Max) | 1 | 1200 | 1,32,000 |
| HNI (Min) | 2 | 2400 | 2,64,000 |
Paramatrix IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| NII (HNI) | 6.23 | 14,60,400 | 91,00,800 | 100.11 |
| Retail | 11.86 | 14,60,400 | 1,73,18,400 | 190.50 |
| Total | 9.21 | 29,20,800 | 2,69,01,600 | 295.92 |
1. Capital Expenditure for building Infrastructure.
2. Investment in a suite of accelerators to enhance the service offerings.
3. Geographical expansion in the Middle East and East Asia.
4. General Corporate Purposes.
Paramatrix Technologies Limited, established in 2004, provides software applications and technology solutions for large and medium-sized enterprises. The company’s offerings are tailored to meet the needs of various industries and are designed to drive digital transformation and operational efficiency.
The company’s software applications and technology solutions (accelerators) are categorized across multiple domains. In digital transformation services, the company offers Application Development and Maintenance (ADM), Solution Architecture and Design, and Enterprise Data Management & Data Analytics. The product portfolio includes INSIGHT (an accelerator for analytics, MIS, and reporting), PERFORM (an accelerator for employee performance management), EPPM (an enterprise framework for managing work allocation and scheduling), and PACE (a middleware framework for centralized control). Additional solutions include ITCS (an accelerator for managing employee share trading compliance), DROANA (a virtual classroom platform), EVENTJET (an event log monitoring and management solution), BULWARK (a cloud security posture assessment tool), and PLAYMITY (a SaaS-based gamification platform).
In managed services, Paramatrix Technologies offers Application Managed Services, Cyber Security Services, and Cloud & Data Support Services. The company caters to a diverse clientele spanning industries such as BFSI, retail, manufacturing, sports, pharma, and logistics.
As of March 31, 2024, Paramatrix Technologies employed 182 professionals dedicated to delivering these solutions and services to its clients.
Peers
1. All E Technologies
2. Softsol India
3. K Solves India
| Particulars (in Rs. Crores) | FY24 | FY23 | FY23 |
|---|---|---|---|
| Revenue | 28.60 | 33.32 | 28.25 |
| EBITDA | 5.65 | 9.74 | 9.64 |
| PAT | 4.13 | 7.08 | 6.79 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 33.54 | 34.39 | 30.63 |
| Share Capital | 8.75 | 0.35 | 0.35 |
| Total Borrowings | - | - | - |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 3.52 | 1.17 | 8.87 |
| Net Cash Generated From / (used in) investing activities | 1.34 | 0.91 | -0.72 |
| Net Cash Generated From / (used in) financing activities | -3.99 | -2.00 | -3.99 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 0.87 | 0.08 | 4.16 |
Strengths
1. Paramatrix offers a wide range of digital transformation services, managed services, and technology accelerators.
2. The company serves a broad client base across the BFSI, retail, manufacturing, sports, pharma, and logistics sectors.
3. Paramatrix develops niche products positioning itself as a provider of specialized solutions that address specific business challenges.
4. The company’s strong focus on digital transformation services aligns with the growing demand for digital innovation across industries.
5. Paramatrix demonstrates its ability to innovate and adapt to changing market trends, staying relevant in a fast-evolving technology landscape.
Risks
1. Paramatrix operates on a relatively small scale compared to larger competitors, which could limit its ability to take on big projects.
2. The software solutions and technology services market is highly competitive.
3. The company’s dependence on a few key clients or sectors could pose a risk if there is a downturn in any of these sectors, impacting revenue stability.
4. Rapid advancements in technology could render some of the company’s existing products obsolete if it fails to continuously innovate and update its offerings.
5. The company’s performance could be impacted by economic downturns or industry-specific challenges.
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FAQs
Paramatrix Technologies IPO opens from 27th August to 30th August 2024.
The size of the Paramatrix Technologies IPO is ₹33.84 Cr.
The price of Paramatrix Technologies IPO is fixed at ₹110 per share.
To apply for Paramatrix Technologies 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 Paramatrix Technologies 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 Paramatrix Technologies IPO is 1,200 shares and the investment required is ₹1,32,000.
The share allotment date of Paramatrix Technologies IPO is 02nd September 2024
The Paramatrix Technologies IPO will be listed on 04th September 2024.
Inventure Merchant Banker Services Pvt Ltd is the book-running lead manager for Paramatrix Technologies IPO.
Paramatrix Technologies plans to utilize the raised capital from the IPO for:
1. Capital Expenditure for building Infrastructure.
2. Investment in a suite of accelerators to enhance the service offerings.
3. Geographical expansion in the Middle East and East Asia.
4. General Corporate Purposes
Contact Information
Paramatrix Technologies
Paramatrix Technologies Limited
E-102, 1st Floor,
Sanpada Railway Station Complex,
Sanpada, Navi Mumbai - 400705
Phone: +91 22 4151 8700
Email: cs@paramatrix.com
Website: https://www.paramatrix.com/
Paramatrix Technologies IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Paramatrix Technologies IPO Lead Manager
Inventure Merchant Banker Services Pvt Ltd
