Check Matrix Geo Solutions IPO Subscription Day 1
- September 24, 2025
- Posted by: sachet
- Category: IPO
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Here, the Matrix Geo Solutions IPO launched on 23rd September 2025. The issue will be closed for bidding today, on 25th September 2025. The primary aim of the Matrix Geo Solutions IPO is to raise ₹40.20 crores from the market. Additionally, the Matrix Geo Solutions IPO has received an impressive level of subscription, which suggests that the shares will be listed at a remarkable premium. Scroll down to check the Matrix Geo Solutions IPO subscription and details.
Matrix Geo Solutions IPO Details
| IPO Open Date | 23rd September 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹98 to 104 per share |
| Lot Size | 1,200 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE & SME |
| IPO Close Date | 25th September 2025 |
| Listing Date | 30th September 2025 |
The price band for the True Colours IPO has been set at ₹98 to ₹104 per share, with a total of 38,65,200 shares to be issued. Let’s segregate the share quota fixed for different categories of investors.
| Categories | Shares Offered | % Shares offered |
| Market Maker Shares Offered | 2,13,600 | 5.53% |
| QIB Shares Offered | 18,21,600 | 47.13% |
| NII (HNI) Shares Offered | 5,50,800 | 14.25% |
| Retail Investors | 12,79,200 | 33.10% |
| Total Shares Offered | 38,65,200 | 100.00% |
Matrix Geo Solutions IPO Subscription Status
As of now, the Matrix Geo Solutions IPO has been subscribed to 0.22 times. Of these, 0.38 times are subscribed by retail investors, 0.15 times by non-institutional investors, and 0.00 times by QII (Qualified Institutional Investors).
The healthy subscription status indicates that investors are expecting higher returns at the time of the Matrix Geo Solutions IPO listing on 30th September 2025. Matrix Geo Solutions also has a positive outlook behind the fresh issue of 0.39 crore shares, which is expected to raise around Rs 40.20 crore.
About Matrix Geo Solutions Limited
Matrix Geo Solutions Limited is a consultancy firm specialising in advanced survey technologies, including photogrammetry, LiDAR, GIS, and remote sensing, utilising 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 organisations, and private companies such as Indian Railways, NHAI, NTPC, GAIL, L&T ECC, the Adani Group, and Tata Projects.
Technical Indicators
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of Matrix Geo Solutions Limited.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 19.02 |
| EPS (Earnings Per Share) | 5.47 |
| ROCE | 33.69% |
| ROE | 35.21% |
| RoNW | 35.21% |
| PAT Margin | 26.52% |
| EBITDA Margin | 37.08% |
| Price to Book Value | 5.09 |
| Market Capitalisation | ₹151.65 Cr |
Matrix Geo Solutions IPO Listing Expectations
The Matrix Geo Solutions IPO allotment is still pending. However, according to current GMP or market sentiments, it is reasonable to expect higher listing gains from the share. A 9.62% jump in Matrix Geo Solutions IPO GMP indicates that the estimated listing price per share will be approximately Rs 114.
It will provide higher listing gains to investors who applied for this IPO. Additionally, the financial fundamentals of this business made it the experts’ top long-term recommendation.
Matrix Geo Solutions IPO GMP Today
We know that higher subscription prices encourage grey market premiums for IPOs. Let’s explore the Matrix Geo Solutions IPO GMP for 23rd September 2025.
The grey market premium for this IPO is 9.62%, or Rs 10 per share. It indicates that the estimated listing price per share is Rs 114. Numerous factors contributed significantly to the jump in the True Colours IPO GMP. These include higher subscription rates received, positive market sentiments, and investors’ positive attitude towards IPOs.
Matrix Geo Solutions IPO Dates
| IPO Open Date | 23rd September 2025 |
| IPO Close Date | 25th September 2025 |
| Allotment | 26th September 2025 |
| Refund Date | 29th September 2025 |
| IPO Listing Date | 30th September 2025 |
Note: IPO GMP is highly volatile, influenced by market sentiment. Hence, one should conduct their research before investing in it.
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