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Matrix Geo Solutions

Matrix Geo Solutions Limited, established in 2008, is a consultancy firm specializing in advanced survey technologies such as photogrammetry, LiDAR, GIS, and remote sensing through drones and satellite imagery. These services cater to sectors like railways, roads, irrigation, mining, and power. Over the years, the company has successfully executed more than 1,500 projects across 27 states in India, covering diverse terrains ranging from the Himalayas to urban landscapes. Notable projects include India’s first bullet train between Ahmedabad and Mumbai, the Pune-Mumbai Hyperloop, and innovative drone-based pipeline monitoring initiatives. Its clientele includes prominent government agencies, public sector organizations, and private companies such as Indian Railways, NHAI, NTPC, GAIL, L&T ECC, Adani Group, and Tata Projects. The company offers a wide range of services including photogrammetry (AT, DTM/DEM, 3D compilation, and orthophoto), LiDAR, GIS/RS, application development, topographical surveys, and engineering services. Expertise also extends to mining, water distribution planning, satellite and aerial surveys, feasibility studies, design, and flood analysis. The firm’s geospatial and GIS services support urban planning, land-use management, and disaster response through spatial data analysis and remote sensing. LiDAR technology is applied for high-resolution mapping, terrain modeling, and 3D visualization, which are vital for infrastructure development. Photogrammetry services include digital elevation models, terrain models, and orthoimage generation using drone, aerial, and satellite imagery. For engineering and infrastructure projects, Matrix Geo Solutions provides feasibility studies, topographical surveys, and planning for highways, railways, and smart cities. Its mining and natural resource management offerings include geological mapping, mineral exploration, and environmental impact assessments, while water resource studies cover distribution planning, watershed management, and flood risk analysis. The company also develops customized GIS-based software applications, incorporating AI and big data analytics to enhance decision-making. As of July 31, 2025, the company employed 100 permanent staff members.

₹98 - ₹1047.42x sub
Listed Price₹103.90
Listing Gain-0.10%

IPO Schedule & Timeline

Bookbuilding IPO
Open23 Sep 2025
Close25 Sep 2025
Allotment26 Sep 2025
Listing30 Sep 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Anchor10,90,800 shares
28.22%
QIB7,30,800 shares
18.91%
HNI5,50,800 shares
14.25%
Retail12,79,200 shares
33.1%
Market Maker2,13,600 shares
5.53%

Minimum Application Lots

Retail2 Lots (2,400 shares)
₹2,49,600
sHNI3 Lots (3,600 shares)
₹3,74,400
bHNI9 Lots (10,800 shares)
₹11,23,200

Company Promoters

Mr. Rahul JainMr. Amit SharmaMs. Meenal JainMs. Harshada Kulkarni

Company Background

Matrix Geo Solutions Limited, established in 2008, is a consultancy firm specializing in advanced survey technologies such as photogrammetry, LiDAR, GIS, and remote sensing through drones and satellite imagery. These services cater to sectors like railways, roads, irrigation, mining, and power. Over the years, the company has successfully executed more than ...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-25)₹22.19 Cr
Growth+149.0%
Revenue Trend (₹ in Crores)
0.08.517.025.5Mar-23Mar-24Mar-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-2522.195.8630.711.68
Mar-2413.773.3516.661.62
Mar-238.911.0914.531.64

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Mar-255.6535.21%33.69%19.0225.88
Mar-243.3534.53%35.53%00
Mar-231.0914.60%15.79%00

Peer Comparison & Valuation

Financial Performance

Genesys International Corporation Limited

NAV/Share (₹)156.02
RONW(%)10.77
EPS (Basic) (₹)15.89

Matrix Geo Solutions Limited

NAV/Share (₹)20.44
RONW(%)35.21
EPS (Basic) (₹)5.65

Valuation

Genesys International Corporation Limited

P/E(X)38.63
CMP* (₹)613.85
Face value (₹)5

Matrix Geo Solutions Limited

P/E(X)NA
CMP* (₹)NA
Face value (₹)10

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Maashitla Securities Private Limited

Allotment Finalized
Allotment Date
26 Sep 2025
Official Status
Out / Finalized
Registrar
Maashitla Securities Private Limited
Listing Date
30 Sep 2025

Official Allotment Verification Links

Official Registrar Portal
Maashitla Securities Private Limited

Direct allotment verification on the official registrar portal appointed for Matrix Geo Solutions. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization26 Sep 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date30 Sep 2025Trading commences on exchange

How to Check Matrix Geo Solutions Allotment Online

1Open Portal

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Select Matrix Geo Solutions from the issue drop-down list.

3Enter Details

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4View Allocation

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Prospectus & Official Filings

Allotment FAQs & Help

About Matrix Geo Solutions IPO

Complete issue overview for Matrix Geo Solutions (MGSL) IPO. The issue features an equity share price band of ₹98 – ₹104 per share with a minimum retail lot size of 1200 Shares (minimum application amount of ₹1,24,800). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions