Matrix Geo Solutions
IPO Timeline
Issue open date
23 Sep 2025Issue close date
25 Sep 2025UPI mandate deadline
25 Sep 2025Allotment finalization
26 Sep 2025Refund initiation
29 Sep 2025Share credit
29 Sep 2025Listing date
30 Sep 2025Mandate end date
10 Oct 2025Lock-in end date for anchor investors (50%)
26 Oct 2025Lock-in end date for anchor investors (remaining)
25 Dec 2025Grey Market Premium Trend
GMP History
| Date | GMP (₹) | Est. Listing Price (₹) | Est. Listing Gain |
|---|---|---|---|
| 26 Sep | ₹3 | ₹107 | 2.88% |
| 25 Sep | ₹3 | ₹107 | 2.88% |
| 24 Sep | ₹6 | ₹110 | 5.77% |
| 23 Sep | ₹4 | ₹108 | 3.85% |
| 22 Sep | ₹12 | ₹116 | 11.54% |
| 21 Sep | ₹13 | ₹117 | 12.50% |
| 20 Sep | ₹10 | ₹114 | 9.62% |
| 19 Sep | ₹10 | ₹114 | 9.62% |
| 18 Sep | ₹5 | ₹109 | 4.81% |
| 17 Sep | ₹0 | ₹104 | 0.00% |
| 16 Sep | ₹0 | ₹104 | 0.00% |
| 15 Sep | ₹0 | ₹104 | 0.00% |
Key Dates
Quick Stats
Issue Details
About the Company
Matrix Geo Solutions is a comprehensive geospatial and consulting services provider established in 2008, specialising in Drone-as-a-Service (DaaS) and Geospatial & Remote Sensing Services. The company offers high-resolution drone-based aerial surveys, mapping, surveillance, and infrastructure inspection services. Through advanced technologies like LiDAR, satellite imagery, and drone surveys, it provides actionable insights for Railways, Roadways, Water, Irrigation, Renewable Energy, Agriculture, Mining, and Urban & Rural Planning projects. The company operates as a DGCA-authorised Remote Pilot Training Organisation (RPTO) through its “Drone Academy of India” and has certified 30 drone pilots as of January 2025, serving clients across multiple sectors with 97 permanent employees.
Strengths
- DGCA-authorised Remote Pilot Training Organisation with certified training programs
- Comprehensive service portfolio from drone surveys to geospatial consulting and training
- Advanced technology stack including LiDAR, satellite imagery and drone-based solutions
- Strong financial performance with consistent revenue growth and improving profitability margins
Risks
- High dependence on limited number of customers with top 10 customers contributing 83.79% of revenue
- Drone operations suspended during monsoon seasons impacting revenue generation capabilities
- Heavy reliance on third-party suppliers with top 5 suppliers contributing 89.99% of purchase
- Highly regulated business requiring compliance with DGCA and other regulatory requirements
Matrix Geo Solutions IPO – Frequently Asked Questions
- The price band for the Matrix Geo Solutions IPO is set at ₹98 to ₹104 per share.
- The Matrix Geo Solutions IPO opens on September 23, 2025 and closes on September 25, 2025.
- The tentative listing date for the Matrix Geo Solutions IPO is September 30, 2025.
- You can apply for the Matrix Geo Solutions IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Matrix Geo Solutions, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Matrix Geo Solutions IPO is 1200 shares. Investors must apply for at least one lot (i.e., 1200 shares).