Matrix Geo Solutions Limited is a geospatial consultancy firm specializing in advanced survey technologies, including photogrammetry, LiDAR, GIS, and remote sensing using drones and satellite imagery. The company plays a critical role in infrastructure development across sectors such as railways, roads, irrigation, mining, and power.
With over 1,500 completed projects across 27 Indian states, the company has successfully worked in terrains ranging from the Himalayas to dense urban regions. Its landmark assignments include India’s first bullet train project (Ahmedabad–Mumbai), the Pune–Mumbai Hyperloop, and drone-based pipeline monitoring solutions, demonstrating innovation in geospatial applications.
Matrix Geo’s clientele comprises leading government agencies, public sector organizations, and private corporations such as Indian Railways, NHAI, NTPC, GAIL, L&T ECC, Adani Group, and Tata Projects.
Key Services:
- Geospatial & GIS Services: Specialization in GIS, remote sensing, and spatial data analysis to support urban planning, land-use management, and disaster response.
- LiDAR Mapping & 3D Modeling: High-resolution LiDAR-based mapping, terrain modeling, and 3D visualization for large-scale infrastructure projects.
- Photogrammetry & Aerial Surveying: Generation of DEM, DTM, and orthoimages through drones, aerial platforms, and satellite imagery.
- Engineering & Infrastructure Development: Feasibility studies, topographical surveys, and planning support for highways, railways, and smart city projects.
- Mining & Natural Resource Management: Geological mapping, mineral exploration, and environmental impact assessments to optimize resource extraction.
- Water Resource & Environmental Studies: Water distribution planning, watershed management, and flood risk analysis for sustainable development.
- Software & Application Development: Customized GIS-based applications integrating AI and big data analytics for enhanced decision-making.
As of July 31, 2025, Matrix Geo Solutions Limited employed 100 permanent staff, supporting its operations and delivering expertise across geospatial and engineering domains.
Matrix Geo Solutions IPO – Details
| IPO Opening Date | 23 September 2025 |
| IPO Closing Date | 25 September 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 38,65,200 Shares Worth ₹[] Crore Fresh Issue: 38,65,200 Shares Worth ₹[] Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹[]– ₹[] per share |
| Market Lot | – |
| Min Order | – |
| Listing At | NSE SME |
| Registrar | Maashitla Securities Pvt.Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Matrix Geo Solutions IPO – Date Schedule
| IPO Open Date | 23 September 2025 |
| IPO Close Date | 25 September 2025 |
| Basis of Allotment | 26 September 2025 |
| Initiation of Refund | 29 September 2025 |
| Credit of Shares to Demat | 29 September 2025 |
| IPO Listing Date | 30 September 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 25, 2025 |
Matrix Geo Solutions IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | – | – | ₹ |
| Retail (Max) | – | – | ₹ |
| S-HNI (Min) | – | – | ₹ |
| S-HNI (Max) | – | – | ₹ |
| B-HNI (Min) | – | – | ₹ |
Competitive Strengths
- In-house End-to-End Technology Solution.
- Long-standing relationships with its clients.
- Experienced and Qualified management team.
Company Promoters
- Mr. Rahul Jain
- Mr. Amit Sharma
- Ms. Meenal Jain
- Ms. Harshada Kulkarni
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹6.75 Cr | ₹5.32 Cr | ₹1.09 Cr | ₹1.64 Cr |
| 31 March 2024 | ₹13.77 Cr | ₹9.31 Cr | ₹3.35 Cr | ₹1.62 Cr |
| 31 March 2025 | ₹22.19 Cr | ₹14.42 Cr | ₹5.86 Cr | ₹1.68 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 35.21% |
| ROCE | 33.69% |
| Debt/Equity | 0.14 |
| RoNW | 35.21% |
| PAT Margin | 26.52% |
| EBITDA Margin | 37.08% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.47 | 4.02 |
| P/E (x) | – | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Purchase of New drones. | ₹6.47 |
| Purchase of Survey Equipment and Technologies. | ₹8.02 |
| Capital expenditure. | ₹2.72 |
| Funding the Working Capital requirement. | ₹15.50 |
| General Corporate Purposes. | – |
✅Strengths
- Strong track record with 1,500+ projects across India.
- Prestigious clients like Indian Railways, NHAI, NTPC, Adani, Tata Projects.
- Expertise in LiDAR, photogrammetry, GIS, drone surveys.
- Operations across multiple sectors, reducing dependency.
- Real-time project monitoring through a tech platform.
⚠️Risks
- Dependence on government/PSU projects; delays can hurt cash flow.
- Subject to regulatory approvals and compliance risks.
- Intense competition in geospatial services.
- Need for continuous upgrades due to fast-changing technology.
- Revenue concentration in a few large clients/sectors.
Matrix Geo Solutions IPO Promoter Holding
| Pre Issue Share Holding | 91.52% |
| Post Issue Share Holding | 67.26% |
Matrix Geo Solutions IPO Prospectus
- Matrix Geo Solutions IPO DRHP
- Matrix Geo Solutions IPO RHP
Company Contact Information
| Matrix Geo Solutions Ltd. Plot No-A-1/87 Third Floor, Sewak Park Uttam Nagar West Delhi, New Delhi, 110059 Phone: +91 7531007100 Email: cs@matrix-geo.com Website: https://www.matrix-geo.com/ |
Matrix Geo Solutions IPO Registrar
| Maashitla Securities Pvt.Ltd. Phone: +91-11-45121795-96 Email: investor.ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
Matrix Geo Solutions IPO Lead Manager(s)
| 1. Narnolia Financial Services Ltd. |
Matrix Geo Solutions IPO FAQ
| What is Matrix Geo Solutions IPO? Matrix Geo Solutions IPO is an SME IPO. The issue is priced at ₹[] – ₹[] per equity share. The IPO is to be listed on NSE SME. |
| When Matrix Geo Solutions IPO will open? The IPO is to open on 23 September 2025 for QIB, NII, and Retail Investors. |
| What is Matrix Geo Solutions IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Matrix Geo Solutions IPO Size? Matrix Geo Solutions IPO size is ₹[] Crore. |
| What is Matrix Geo Solutions IPO Minimum and Maximum Lot Size for Retail? The minimum bid is [] Shares with ₹[] amount, while the maximum bid is [] Shares with ₹[]. |
| What is the Matrix Geo Solutions IPO Allotment Date? Matrix Geo Solutions IPO allotment date is 26 September 2025. |
| What is the Matrix Geo Solutions IPO Listing Date? Matrix Geo Solutions IPO listing date is 30 September 2025. The IPO is to be listed on the NSE SME. |
