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Matrix Geo Solutions IPO is a Book Building IPO listing on NSE EMERGE exchange, with an ipo size of ₹ 40.20 Cr. The company is based in New Delhi and caters to Drone sector. Narnolia Financial Services is the merchant banker of Matrix Geo Solutions IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th March 2025. Matrix Geo Solutions IPO open date is 23rd September 2025 and close date is 25th September 2025. IPO Allotment Date is 26th September 2025 and Listing date is 30th September 2025.
IPO
Size:
₹ 40.20 Cr.
Avg IPO Size (Sector Based)
: ₹
39.46 cr.
Sector: Drone
SME
IPO so far:
3
Merchant Banker:
Narnolia Financial
SME
IPO by BRLM so far:
26
City:
New Delhi
SME
IPO so far:
180
Revenue (annualised):
₹
22.09
cr. 
PE
Ratio:
25.88x
Average Sector PE Ratio: 35.44x
Matrix Geo Solutions IPO size is ₹ 40.20 Cr. with IPO price of ₹ 104.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
| Particulars | Amount |
|---|---|
| To meet out the Expenses for Purchase of New drones | 6 |
| Purchase of Survey Equipment and Technologies | 8 |
| Capital expenditure | 2 |
| Funding the Working Capital requirement | 15 |
| General Corporate Purposes | [●] |
Narnolia Financial Services Limited is the book-running lead manager of the Matrix Geo Solutions IPO. Maashitla Securities Private Limited is the Registrar for Matrix Geo Solutions IPO.
Matrix Geo Solutions IPO anchor investors are the below investors. The number of anchor investors in this IPO is 7.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in ₹.) | Amount Invested (in ₹.) |
|---|---|---|---|
| Aarth AIF | 338,400.00 | ₹ 104.00 | ₹ 35,193,600.00 |
| Shine star build | 240,000.00 | ₹ 104.00 | ₹ 24,960,000.00 |
| Holani Venture Capital | 97,200.00 | ₹ 104.00 | ₹ 10,108,800.00 |
| Saint Capital Fund | 123,600.00 | ₹ 104.00 | ₹ 12,854,400.00 |
| J4S Venture Fund | 97,200.00 | ₹ 104.00 | ₹ 10,108,800.00 |
| Meru Investment Fund | 97,200.00 | ₹ 104.00 | ₹ 10,108,800.00 |
| Nexus Equity Growth | 97,200.00 | ₹ 104.00 | ₹ 10,108,800.00 |
Matrix Geo Solutions IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Matrix Geo Solutions IPO, based in New Delhi, operates in the Drone sector with a focus on Drone and space tech-based geospatial company. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Matrix Geo Solutions IPO size is ₹ 40.20 Cr. with fresh issue size of ₹ 40 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Matrix Geo Solutions IPO is expected to be 26th September 2025, after the finalization of basis of allotment. Investors can check Matrix Geo Solutions IPO allotment status on the registrars website, Maashitla Securities Private Limited . Matrix Geo Solutions IPO refund dates are 29th September 2025.
Matrix Geo Solutions IPO is expected to be listed on 30th September 2025.
The upper price band for the Matrix Geo Solutions IPO is set at ₹ 104.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Matrix Geo Solutions IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Matrix Geo Solutions IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 25th September 2025. After submission, funds are blocked until the basis of allotment of Matrix Geo Solutions IPO is finalised.
The merchant banker for Matrix Geo Solutions IPO is Narnolia Financial Services Limited . Narnolia Financial Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Matrix Geo Solutions IPO RHP for further details.
The registrar for Matrix Geo Solutions IPO is Maashitla Securities Private Limited . Investors can go to Maashitla Securities Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Matrix Geo Solutions IPO through their official website or helpline.
Matrix Geo Solutions IPO was subscribed 7.69 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
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IPO
Size:
₹ 40.20 Cr.
Avg IPO Size (Sector Based)
:
₹ 39.46 Cr.
Sector: Drone
SME
IPO so far:
3
Merchant Banker:
Narnolia Financial
SME
IPO by BRLM so far:
26
City:
New Delhi
SME
IPO so far:
180
Revenue (annualised):
₹ 22.09 cr.
PE
Ratio:
25.88x
Average Sector PE Ratio: 35.44x
Matrix Geo Solutions IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Matrix Geo Solutions Financial Review Page
Merchant Banker(s) of Matrix Geo Solutions IPO: Narnolia Financial Services Limited
Matrix Geo Solutions IPO subscription was 7.69 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Matrix Geo Solutions IPO listed at a listing price of 103.90 against the offer price of 104.00.
The current market price of Matrix Geo Solutions is 111.00.
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