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Paramatrix Technologies IPO
Paramatrix Technologies Ltd
₹1,32,000 /1200 sharesMinimum Investment
Paramatrix Technologies IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 27 Aug ‘24 - 30 Aug ‘24 | ₹1,32,000 | 1,200 | ₹110 - ₹110 |
| Issue Size | IPO Doc |
|---|---|
| 33.84Cr | RHP PDF |
About Paramatrix Technologies
Founded in
2004
Managing director
Mr. Mukesh Keshubhai Thumar
Parent organisation
Paramatrix Technologies Ltd
Strengths & Financials of Paramatrix Technologies
Strengths
Risks
The company holds ISO 9001:2015 certification for quality management systems and ISO 27001:2013 certification for information security management standards.
Paramatrix utilises its Paramatrix Application Core Engine, or PACE, framework to build and deploy digital applications at a fast pace. This rapid application development tool allows the company to cut time and cost for digital application development projects, with savings ranging from 20 to 60% depending on the project’s scale.
The company's ‘INSIGHT’ accelerator is designed for sectors such as banking, capital markets, broking, and financial services. It includes pre-built key performance indicators (KPIs) and data structures that facilitate streamlined decision support through comprehensive reports and dashboards. ‘INSIGHT’ reduces the need for business user involvement, thereby enhancing productivity and efficiency in related projects.
The company, along with its promoters and directors, are involved in various legal proceedings. Any adverse judgments in these cases could lead to significant penalties, hurting the company's business operations.
The company plans to allocate significant amounts from the net proceeds of the initial public offering (IPO) for setting up a development centre and expanding its operations in the Middle East and East Asia. Any delay or inability to achieve these aims could adversely impact the company’s growth plans.
The top 10 customers of the company accounted for 94.33%, 92.70%, and 90.76% of total revenue from operations for FY24 (ended March 31), FY23, and FY22, respectively. A loss of business or a slowdown in demand from these major clients could negatively impact the company's financial performance.
The company’s product development process is a costly, intricate, and time-consuming process. Any inability to invest and stay the course could adversely impact the company’s growth.
Paramatrix Technologies Financials
*All values are in Rs. Cr
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Application Details of Paramatrix Technologies IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹110 - 110 | ₹2 - 5 Lakh |
| High Networth Individual | ₹110 - 110 | ₹2 - 5 Lakh |
For Paramatrix Technologies IPO, eligible investors can apply as Regular.