Matrix Geo Solutions Ltd Share Price – NSE

Miscellaneous, Small Cap

Matrix Geo Solutions will hold a meeting of the Board of Directors of the Company on 10 November 2025.

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The scrip was listed at Rs 103.90, almost matching the initial public offer (IPO) price. The stock is currently down 0.38% over its listing price.

The counter hit a high of Rs 103.90 and a low of Rs 99.10. About 13.93 lakh shares of the company changed hands at the counter.

Matrix Geo Solutions' IPO was subscribed 7.71 times. The issue opened for bidding on 23 September 2025 and it closed on 25 September 2025. The price of the IPO was fixed between Rs 98 to Rs 104 per share.

The IPO comprised a fresh issue of 43,40,000 equity shares. The promoter and promoter shareholding will dilute to 67.26% from 91.52% pre-IPO.

The company intends to utilize the net proceeds for purchase of new drones, purchase of survey equipment and technologies, capital expenditure, funding the working capital requirement and for general corporate purposes.

Ahead of the IPO, Matrix Geo Solutions on 22 September 2025, raised Rs 11.34 crore from anchor investors. The board allotted 10.90 lakh shares at Rs 104 per share to 7 anchor investor.

Matrix Geo Solutions is a company that uses drones, satellites, and special tools like LiDAR and GIS to do surveys. They work in areas like railways, roads, mining, and power. They have done over 1,500 projects in 27 states. Some important projects are India?s first bullet train and the Pune-Mumbai Hyperloop. Their clients include government agencies and big companies like Indian Railways and Adani Group. They also provide surveys, engineering help, and software work. As of 31 July 2025, the company had a total of 100 employees on payroll and 1 employee on a contract basis.

The company recorded revenue from operations of Rs 22.09 crore and net profit of Rs 5.86 crore for the period ended 31 March 2025.

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The initial public offer (IPO) of Matrix Geo Solutions received bids for 5,54,400 shares as against 27,74,400 shares on offer, as per NSE data as of 17:00 hours on Tuesday (23 September 2025). The issue was subscribed 0.20 times.

The issue opened for bidding on Tuesday (23 September 2025) and it will close on Thursday (25 September 2025). The price band of the IPO is fixed between Rs 98 to 104 per share. The minimum order quantity is 1,200 equity shares. The equity shares will list on NSE?s SME platform.

The IPO comprises fresh issue of 43,40,000 equity shares. The promoter and promoter shareholding will dilute to 67.26% from 91.52% Pre-IPO.

About 2,13,600 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 36,51,600 equity shares. The issue and the net issue will constitute 26.51% and 25.04% respectively of the post offer paid up equity share capital of the company.

The company intends to utilize the net proceeds for purchase of new drones, purchase of survey equipment and technologies, capital expenditure, funding the working capital requirement and for general corporate purposes.

Ahead of the IPO, Matrix Geo Solutions on Monday, 22 September 2025, raised Rs 11.34 crore from anchor investors. The board allotted 10.90 lakh shares at Rs 104 per share to 7 anchor investor.

Matrix Geo Solutions is a consultancy specializing in advanced survey technologies like photogrammetry, LiDAR, GIS, and remote sensing using drones and satellites. Their services support sectors such as railways, roads, irrigation, mining, and power. With over 1,500 projects completed across 27 Indian states, the company has worked in varied terrains?from the Himalayas to urban areas. Key projects include India?s first bullet train between Ahmedabad and Mumbai, the Pune-Mumbai Hyperloop, and drone-based pipeline monitoring. Their clients include government agencies, public sector units, and private firms like Indian Railways, NHAI, NTPC, GAIL, L&T ECC, Adani Group, and Tata Projects.

Matrix Geo Solutions offers photogrammetry, LiDAR, GIS/remote sensing, application development, topographical surveys, and engineering services, with expertise in mining, water planning, satellite and aerial surveys, feasibility studies, and flood analysis. As of 31 July 2025, the company had a total of 100 employees on payroll and 1 employee on a contract basis.

The company recorded revenue from operations of Rs 22.09 crore and net profit of Rs 5.86 crore for the period ended 31 March 2025.

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