Matrix Geo Solutions IPO was subscribed 7.69 times on the last day. The retail quota was subscribed over 4.43 times, NII was subscribed over 8.87 times, and QIB was subscribed 12.50 times, respectively.
Details About Matrix Geo Solutions IPO
Matrix Geo Solutions got approval from SEBI for an IPO of around ₹40.20 crores. Matrix Geo Solutions IPO is a fresh issue of ₹40.20 crores with a face value of ₹10 each.
Furthermore, Matrix Geo Solutions had a set price band of ₹98 to ₹104 per share.
In the Matrix Geo Solutions IPO, 2,400 shares were in 2 lot sizes for the retail minimum and maximum categories as well.
- Moreover, 3,600 shares were in 3 lot sizes for the S-HNI category.
- S-HNI Maximum investment has 9,600 shares in 8 lot sizes.
- B-HNI Minimum investment has 10,800 shares in 9 lot sizes.
To invest in the Matrix Geo Solutions IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹2,49,600.
- SHNI (S-HNI): Minimum investment of ₹3,74,400.
- S-HNI Maximum: Minimum Investment of ₹9,98,400.
- B-HNI Minimum: Minimum Investment of ₹11,23,200
Matrix Geo Solutions IPO’s Subscription Duration
The opening date of Matrix Geo Solutions IPO was on September 23, 2025, and the closing date was on September 25, 2025. The allotment date of Matrix Geo Solutions IPO was on September 26, 2025, and the investors will receive a refund on September 29, 2025. Matrix Geo Solutions is set to be listed on September 30, 2025.
Matrix Geo Solutions IPO funds deployment
- The proceeds raised from the fresh issue will be used towards the Purchase of New drones.
- Some funds will be used for the purchase of Survey Equipment and Technologies.
- Some funds will be utilized towards the Working Capital requirement
- Lastly, the remaining funds will be used for the company’s general corporate purposes.
About Matrix Geo Solutions Company
Matrix Geo Solutions is one of the leading companies in terms of providing geospatial and consulting services with a strong focus on Drone-as-a-Service (DaaS) and Geospatial & Remote Sensing Services.
With Drone-as-a-Service, they use high-quality drones to do aerial surveys for things like mapping, monitoring areas, and checking buildings or infrastructure. Apart from that, they also make detailed maps and study location data with the aim of helping with business problems related to specific places. Now the firm provides Drone Training and Education, as it’s approved by DGCA as a Remote Pilot Training Organisation (RPTO) and provides certified drone training programs.
With extensive experience, over the years, the company has provided its services to railways, roads, ropeways, irrigation, farming, hydropower, metro projects, mining, city planning, solar power, and surveillance.
Financial Report of the Matrix Geo Solutions Company
The company reported revenue of ₹22.19 crores in 2025 against ₹13.77 crores in 2024. The company reported a profit of ₹5.86 crores in 2025 against a profit of ₹3.35 crores in 2024.
