| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹40.20 Cr |
| Reserved for Market Maker | ₹2.22 Cr |
| Net Issue Size | ₹40.20 Cr |
| Fresh Issue | ₹37.98 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน98.00-104.00 per share |
| NSE Code | MGSL |
| Registrar | Maashitla Securities Pvt.Ltd. |
| Lead Managers | Narnolia Financial Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,400 shares ยท Multiples of 1,200 shares
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.
Services:
As of July 31, 2025, the Company had 100 permanent employees on its payroll.
Competitive Strength:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Purchase of New drones | 6.47 |
| 2 | Purchase of Survey Equipment and Technologies | 8.02 |
| 3 | Capital expenditure | 2.72 |
| 4 | Funding the Working Capital requirement | 15.50 |
| 5 | General Corporate Purposes | 0.95 |
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 30.71 | 16.66 | 14.53 |
| Total Income | 22.19 | 13.77 | 8.91 |
| Profit After Tax | 5.86 | 3.35 | 1.09 |
| EBITDA | 8.19 | 4.88 | 1.84 |
| NET Worth | 21.91 | 11.38 | 8.03 |
| Reserves and Surplus | 11.19 | 11.37 | 8.02 |
| Total Borrowing | 1.68 | 1.62 | 1.64 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 35.21% |
| ROCE | 33.69% |
| Debt / Equity | 0.14% |
| RoNW | 35.21% |
| PAT Margin | 26.52% |
| EBITDA Margin | 37.08% |
| Price to Book Value | 5.09 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 5.47 | 4.02 |
| P/E (x) | 19.02 | 25.88 |
| Promoter Holding | 91.52% | 67.26% |
| Market Cap | โน151.65 Cr. | |