
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
Overall Subscription
7.42x
Total Demand
QIB Multiplier
12.50x
Institutions & Funds
NII / HNI
8.76x
High Net-Worth
Retail (RII)
3.94x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 730,800 | 9,135,600 | 12.50x |
| NIB | 550,800 | 4,822,800 | 8.76x |
| HNIs(10L +) | 367,200 | 3,770,400 | 10.27x |
| HNIs (2-10L) | 183,600 | 1,052,400 | 5.73x |
| RETAIL | 1,279,200 | 5,037,600 | 3.94x |
| Total | 3,111,600 | 23,818,800 | 7.42x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 5 | 0.00x |
| NIB | — | 562 | 0.00x |
| RETAIL | 533 | 2,099 | 3.94x |
| HNIs(10L +) | 102 | 313 | 3.07x |
| HNIs (2-10L) | 51 | 285 | 5.59x |
| Total Applications | 686 | 3,264 | 4.76x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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 (GMP) for Matrix Geo Solutions Limited IPO is ₹6 per equity share. Based on the upper price band of ₹98 to ₹104 per equity share, the estimated listing price is ₹110 (+5.8% expected listing gain).
With a lot size of 1200 shares and current GMP of ₹6, the expected profit per application lot is approx ₹7,200 (+5.8% gain). Minimum application cost is approx ₹1,24,800.
The Matrix Geo Solutions Limited IPO aggregate issue size is ₹40.2 Crores with an equity price band set at ₹98 to ₹104 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,24,800.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 7.42x (Retail: 3.94x, QIB: 12.50x, NII: 8.76x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Maashitla Securities Private Limited) and the BSE status verification website on or around 2025-09-26. Investors can verify status using PAN card or application number.
Matrix Geo Solutions Limited shares are scheduled to list on NSE on 2025-09-30.