31 Mar 2023
Assets14.53
Total Income8.91
EBITDA1.84
Profit After Tax1.09
NET Worth8.03
Reserves and Surplus8.02
Total Borrowing1.64
At a glance
Updated 2026-09-10Matrix Geo Solutions is a SME IPO with an issue size of ₹40.20 crore, proposed for listing on NSE SME. The issue structure includes a fresh issue of ₹37.98 crore.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹40.20 Cr
Fresh issue₹37.98 Cr
Face value₹10
Price band₹98.00–₹104.00
Allotment26th Sep 2025
Listing30th Sep 2025
Grey market
GMP page ↗Latest GMP₹9.00
GMP / upper price8.65%
Est. listing₹113.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens23rd Sep 2025
Closes25th Sep 2025
Allotment26th Sep 2025
Refund29th Sep 2025
Demat29th Sep 2025
Listing30th Sep 2025
Subscription demand
Full bidding ↗Total7.69×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 2400 | ₹249,600 |
Reservation
Issue mix
QIB49.88%1,821,600 shares
Anchor Investor29.87%1,090,800 shares
QIB (Ex. Anchor)20.01%730,800 shares
NII (HNI)15.08%550,800 shares
bNII > ₹10L10.06%367,200 shares
sNII < ₹10L5.03%183,600 shares
Retail35.03%1,279,200 shares
Total100.00%3,651,600 shares
Company
Use of proceeds
| Object | Amount |
|---|---|
| Purchase of New drones | ₹6.47 Cr |
| Purchase of Survey Equipment and Technologies | ₹8.02 Cr |
| Capital Expenditure | ₹2.72 Cr |
| Funding the working capital requirements of the Company | ₹15.50 Cr |
| General Corporate Purposes | ₹0.95 Cr |
| Issue Expenses | ₹6.53 Cr |
| Total | ₹40.20 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue22.19₹ Cr · +61.1% vs prior year
EBITDA8.19₹ Cr · +67.8% vs prior year
PAT5.86₹ Cr · +74.9% vs prior year
Assets30.71₹ Cr · +84.3% vs prior year
Net Worth21.91₹ Cr · +92.5% vs prior year
Borrowing1.68₹ Cr · +3.7% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets16.66
Total Income13.77
EBITDA4.88
Profit After Tax3.35
NET Worth11.38
Reserves and Surplus11.37
Total Borrowing1.62
31 Mar 2025
Assets30.71
Total Income22.19
EBITDA8.19
Profit After Tax5.86
NET Worth21.91
Reserves and Surplus11.19
Total Borrowing1.68
KPIs
| 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 |
Valuation & shareholding
Pre-IPO EPS5.47
Post-IPO EPS4.02
Pre-IPO P/E19.02
Post-IPO P/E25.88
Promoter holding pre91.52%
Promoter holding post67.26%
Market cap₹151.65 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Matrix Geo Solutions IPO | — | 25.88 x | — | — |
| Drone Destination IPO | — | 64.35 x | — | — |
| Droneacharya Aerial IPO | — | 45.00 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Purchase of New drones | ₹6.47 Cr |
| Purchase of Survey Equipment and Technologies | ₹8.02 Cr |
| Capital Expenditure | ₹2.72 Cr |
| Funding the working capital requirements of the Company | ₹15.50 Cr |
| General Corporate Purposes | ₹0.95 Cr |
| Issue Expenses | ₹6.53 Cr |
| Total | ₹40.20 Cr |
Registrar & lead managers
Registrar
Maashitla Securities Pvt.Ltd.Lead managers
- Narnolia Financial Services Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-10.
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