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Matrix Geo Solutions Limited
7.73xsubscribed

Matrix Geo Solutions Limited

listed
₹2.35LMin. investment

Matrix Geo Solutions Limited IPO Details

Price range₹98.00 – ₹104
IPO type
SME
Lot size1200 shares
Issue size₹40Cr
Red Herring Prospectus
Read

Matrix Geo Solutions Limited Subscription Status

Date
QIB
NII
Retail
Total
23-Sep-25
0.0 times (X)
0.15 times (X)
0.37 times (X)
0.22 times (X)
24-Sep-25
0.0X
0.78X
1.05X
0.69X
25-Sep-25
12.5X
9.25X
4.34X
7.73X

As on 23-Sep-25, 5:30 PM

Matrix Geo Solutions Limited Timeline

  1. Pre-apply
    22 Sep 2025
  2. Bid start
    23 Sep 2025
  3. Bid end
    25 Sep 2025
  4. Allotment
    26 Sep 2025
  5. Release of funds
    29 Sep 2025
  6. Demat transfer
    29 Sep 2025
  7. Listing
    30 Sep 2025

About Matrix Geo Solutions Limited

Matrix Geo Solutions is engaged in providing geospatial and consulting services with a focus on Drone-as-a-Service (DaaS) and Geospatial & Remote sensing services. It derives revenue from two sources: the sale of services and the sale of Goods/Software licenses. Business-to-Business (B2B) sales generated 62.45% of revenue, followed by Business-to-Government (B2G) at 31.94% and Business-to-Consumer (B2C) at 5.61% in FY25. It operates a fleet of 20 drones ranging from micro-class (2kg) to small-class (up to 25kg) unmanned aerial systems, with the newest additions being VEDANSH model drones acquired in FY26. 99.20% of revenue came from Geospatial & Consultancy Services in FY25. Domestic revenue was dominated by Delhi (32.09%), followed by Uttar Pradesh (17.21%). The total order book stood at ₹22.89 crore as of March 2025.

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Objectives of Matrix Geo Solutions Limited IPO

Working capital
38.56%
The company will use ₹15.50 crore for funding working capital requirements.
Purchase of new equipment
36.04%
The company will utilise ₹6.46 crore to purchase new drones and ₹8.02crore to buy survey equipment
General corporate purposes
18.70%
Part of the IPO proceeds will be used for general corporate purposes.
Capital expenditure
6.79%
The company will use ₹2.73 crore towards capital expenditure.

Matrix Geo Solutions Limited Contact Details

Company NameMatrix Geo Solutions Limited

How to apply for Matrix Geo Solutions Limited ?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Matrix Geo Solutions Limited IPO FAQs