Matrix Geo Solutions IPO

About Matrix Geo Solutions IPO

The offer consists of a fresh issue component. The fresh issue will include up to 38,65,200 equity shares of face value of ₹10/- each aggregating up to ₹40.20 crore. The total number of shares is 38,65,200, and the aggregate amount is ₹40.20 crore.

The Matrix Geo Solutions IPO opens on Sep 23, 2025 and closes on Sep 25, 2025. The tentative listing date is Sep 30, 2025. The tentative allotment date is Sep 26, 2025 and the initiation of refunds will take place on Sep 29, 2025. The credit of shares to the demat account will take place on Sep 29, 2025.

Matrix Geo Solutions Limited specialises in delivering advanced geospatial and consulting solutions, with core expertise in Drone-as-a-Service (DaaS) and remote sensing technologies. Over the years, their company has successfully delivered its services to diverse sectors, including Railways, Roadways, Ropeways, Irrigation, Agriculture, Hydropower, Metro projects, Mining, Urban Planning, Solar Power and Surveillance. Furthermore, the company has recently expanded its services to include "Drone Training and Education" and is now a DGCA-authorised Remote Pilot Training Organisation (RPTO), offering certified training programmes.

Objectives of Matrix Geo Solutions IPO

• To meet the expenses for the purchase of new drones.
  
• To meet the expenses for the purchase of survey equipment and technologies.
  
• To meet the capital expenditure requirements of the company.
  
• To meet the working capital requirements of the company.
  
• To meet the general corporate purposes.
  

Industry Outlook

The geospatial industry is experiencing rapid growth and innovation, driven by advancements in technology and increasing adoption across various sectors. The global geospatial solutions market size was USD 55,531 crore in 2023, calculated at USD 62,613 crore in 2024 and is expected to be worth around USD 2,15,572 crore by 2034, as per Precedence Research. This growth is driven by the increasing integration of spatial analysis into governance, enterprise and consumer applications.

Innovations in satellite imagery, aerial imagery, GPS, GIS and 3D mapping have led to more sophisticated and accurate methods of geospatial data collection and analysis. These technologies have expanded the range of applications for geospatial data, enabling industries to gain deeper insights and make more precise decisions. Climate change and environmental concerns are also driving the demand for geospatial solutions. As the impacts of climate change become more apparent, governments and organisations are seeking ways to monitor, analyse and mitigate these challenges. Geospatial technology plays a critical role in this effort, providing the tools needed to assess environmental changes, manage natural resources and plan for sustainable development. As the industry continues to evolve, it will play an even more vital role in addressing global challenges and supporting informed decision-making.

Company Information

Matrix Geo Solutions Limited is primarily engaged in providing comprehensive geospatial and consulting services with a strong focus on Drone-as-a-Service (DaaS) and Geospatial & Remote Sensing Services. Through Drone as a Service, they offer high-resolution drone-based aerial surveys for various applications, including mapping, surveillance, and infrastructure inspection. Their services include the creation of detailed orthophotos, 3D models, digital elevation models, and precise topographical maps. Additionally, they offer geo-referenced video solutions for progress monitoring, surveillance, and incident management across various industries.

In addition to drone services, they offer extensive consultancy in geospatial data analysis, where they utilise remote sensing technologies like LiDAR, satellite imagery, and drone surveys to provide clients with actionable insights for their projects. They assist their clients in Railways, Roadways, Water, Irrigation, Renewable Energy, Agriculture, Mining, Urban & Rural Planning projects and provide comprehensive reports to guide business decisions. These reports offer both advisory and end-to-end solutions to meet their clients' needs. Furthermore, their web-based platform offers customers real-time access to their project data, simplifying monitoring and decision-making processes.

They also create detailed maps and perform geospatial analyses to address specific location-based business challenges. Their team processes and interprets data, followed by image interpretation and classification, to accurately identify and categorise land features. By leveraging data-driven insights, they empower their clients to make smarter decisions, optimising both cost and time efficiency. Their services are designed to deliver efficient solutions that support planning, monitoring, and management across various sectors.

Strengths of Matrix Geo Solutions IPO

• In-house end-to-end technology solution.
  
• Long-standing relationships with their clients.
  
• Experienced and qualified management team.
  

Risks of Matrix Geo Solutions Limited IPO

• Reliance on the continuous updating of technologies and survey equipment.
  
• The loss of a major customer or significant reduction in demand from any of their major customers.
  
• Dependence on third-party suppliers to deliver services to their customers during periods of increased demand.
  
• Any loss of business from one or more of their top four states (Delhi, Uttar Pradesh, Telangana, and Rajasthan) that contribute to their major revenue.
  
• Significant security breaches in their software, data and network infrastructure and fraud.
  

Note: Industry Peer may be modified for finalization of Issue Price before filing Red Herring Prospectus with ROC.

• Sourced from Annual Reports, Unaudited Financials, NSE.

Notes:

• Considering the nature and turnover of business of the Company, the peers are not strictly comparable. However, the same have been included for broader comparison.
  
• The figures for Matrix Geo Solutions Limited are based on the restated results for the year ended March 31, 2025.
  
• The figures for the peer group are based on standalone unaudited results for the period ended March 31, 2025.
  
• Current Market Price (CMP) is the closing price of respective scrip as on September 05, 2025.
  

Anchor Investor Bidding Date: 22 September 2025

*The Company in consultation with the BRLM, have considered participation by Anchor Investors in accordance with the SEBI ICDR Regulations. The Anchor Investor Bidding Date shall be one working day prior to the Issue Opening Date.

Registrar: Maashitla Securities Private Limited
Book Running Lead Managers: Narnolia Financial Services Limited

Business Model

The company earns its revenue through the following:

• Sale of services: Revenue generated from the sale of services, including Geospatial and Consultancy Services, Drone-as-a-Service (DaaS), Geospatial and Remote Sensing, engineering consultancy, and training & education.

• Sale of goods/ software (licence): The revenue from the sale of software licence pertains to a one-time transaction involving the sale of perpetual software licences for “PIX4D Mapper Desktop – Single Device, Perpetual Licence” to a client.

Company Growth Trajectory

The total income of Matrix Geo Solutions Limited for the financial year ended 31 March 2025 stood at ₹22.19 crore whereas in the financial year ended 31 March 2024 it stood at ₹13.77 crore, representing an increase of 61.15%.

Net revenue from operations for the financial year ended 31 March 2025 stood at ₹22.09 crore whereas in the financial year ended 31 March 2024 it stood at ₹13.69 crore, representing an increase of 61.42%. This growth was primarily driven by timely project execution, strong private sector demand, favourable industry conditions, and capacity enhancements undertaken during the year.

Other income for the financial year ended 31 March 2025 stood at ₹0.10 crore whereas in the financial year ended 31 March 2024 it stood at ₹0.08 crore, representing an increase of 17.02%. The increase in other income is primarily due to a minor increase in interest income from FD and profit on sale of property.

The restated profit after tax for the financial year ended 31 March 2025 stood at ₹5.86 crore whereas in the financial year ended 31 March 2024 it stood at ₹3.35 crore, representing an increase of 74.94%.

Company Market Position

Matrix Geo Solutions Limited has provided services under several projects, such as the Indian Railways’ High-Speed Rail Corridor, Bharatmala Road Project, Hemkund Sahib Ropeway Project, Statue of Unity Area Development, topographical survey over the Chenab River, various solar projects, and Kumbh Mela planning, among others.

The company has received an award for “Innovation in 3D mapping, metrology, and simulation solutions” from the Rail Analysis India Summit 2023.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹22.192 crores, ₹5.860 crores, and ₹8.193 crores, respectively.

How to check allotment status of Matrix Geo Solutions IPO?

1. Visit the Registrar's Website

To check the IPO allotment status for Matrix Geo Solutions Limited IPO, visit the official website of Maashitla Securities Private Limited, the registrar for this IPO. On their IPO allotment status page, enter your Permanent Account Number (PAN), application number, or Demat account ID. Then, click the ‘Submit’ button to view your allotment status. Ensure you have the necessary details ready for a quick and accurate check.

2. Check on the Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page.

On the BSE IPO page, follow these steps

• Select 'Equity' from the dropdown menu
  
• Choose 'Matrix Geo Solutions Limited' in the next dropdown
  
• Enter your application number
  
• Enter your PAN
  
• Click 'Search'
  

Your Matrix Geo Solutions Limited IPO allotment status will be displayed.

3. Verify on the National Stock Exchange Website

The National Stock Exchange (NSE) has an IPO Bid Verification module. Use this to check Matrix Geo Solutions Limited IPO allotment status.

Go to the NSE website and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.

On the NSE IPO Bid Verification page, enter:

• Application number
  
• PAN
  

Then click 'Submit'. Your Matrix Geo Solutions Limited IPO bid and allotment details will be displayed.

How to apply for Matrix Geo Solutions Limited IPO?

• Step 1: Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
  
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
  
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.