
Emerging SME Services · NSE
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.
Price Band
₹98 – ₹104
Issue Size
₹40.20 Cr
Lot Size
1200 shares
GMP
+5.8%
Est. Listing
₹110
at current GMP
Subscribed
7.42x
overall
Open
23 Sep 2025
Close
25 Sep 2025
Allotment
26 Sep 2025
Refund
27 Sep 2025
Demat Credit
28 Sep 2025
Listing
30 Sep 2025
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹104
Band: ₹98 – ₹104
Estimated Listing Price
₹110
Upper price + GMP
Lot Size
1200 shares
Min investment ₹1,24,800
Estimated Profit / Lot
₹7,200
1200 × ₹6
Grey Market Premium trend
+₹6
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹6 | 5.8% | ₹110 |
| 30 Oct 2026 | +₹6 | 5.8% | ₹110 |
| 29 Oct 2026 | +₹5 | 5.2% | ₹109 |
GMP is unofficial market data. Not a guarantee of listing performance.
Matrix Geo Solutions Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹40.2 Crores. The shares are offered at a price band of ₹98 to ₹104 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2025-09-25, the basis of allotment is scheduled to be finalized on 2025-09-26. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Maashitla Securities Private Limited) or the BSE allotment checking window.
The latest grey market premium for Matrix Geo Solutions Limited IPO is ₹6, which indicates an expected listing price of ₹110.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.