Matrix Geo Solutions IPO Allotment Status: Steps to Verify Status
Matrix Geo Solutions IPO Allotment process is expected to be finalised today, on September 26, 2025. The company launched its IPO on September 23, 2025 for public subscription. The company's shares will be listed on NSE, with a tentative listing date of Sep 30, 2025.
Know the procedure to check the allotment status on NSE.
Steps to Check Matrix Geo Solutions IPO Allotment Status on NSE
Here is the process to check Matrix Geo Solutions IPO Allotment Status on NSE
- Open the Application Status page of NSE here.
- Choose 'Equity & SME IPO bid details'.
- Select 'Matrix Geo Solutions Ltd' from the list of companies.
- Enter your IPO application number and PAN details.
- Click on the submit button to check the details of the share allotment.
Matrix Geo Solutions IPO Overall Subscription Status
[26th September, 2025, End of the day]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
12.50 |
|
Non-Institutional Investors (NIIs) |
8.87 |
|
Retail Individual Investors (RIIs) |
4.43 |
|
Total |
7.6 |
Matrix Geo Solutions Ltd - IPO Details
Matrix Geo Solutions IPO was a book-building issue of ₹40.20 crores. The issue was entirely a fresh issue of 0.39 crore shares
The IPO price band was set between ₹98 and ₹104 per share. The minimum lot size for an application was 1200, and the minimum amount of investment required by a retail investor was ₹2,49,600.00 (2,400 shares) based on upper price.
Narnolia Financial Services Ltd. was the book running lead manager and Maashitla Securities Pvt.Ltd. was the registrar of the issue. The market maker of the company was Prabhat Financial Services Ltd.
Utilisation of Proceeds
The Company will utilise the net proceeds from the issue for the following purposes:
- Purchase of New drones.
- Purchase of Survey Equipment and Technologies .
- Capital expenditure.
- Funding the Working Capital requirement.
- General Corporate Purposes.
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Matrix Geo Solutions Ltd - Business Overview
Matrix Geo Solutions Ltd is a geospatial services & technology consultancy established in 2008, specializing in Drone-as-a-Service (DaaS), photogrammetry, LiDAR, GIS / remote sensing, and related survey & mapping services.
It serves a mix of government and private sector clients (railways, roads, power, mining etc.), and has completed over 1,500 projects across 27 states in India. Financially, in FY25 the company reported revenue of ₹22.2 crore and profit after tax of ₹5.9 crore.
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