Home
Charts
Search
Watchlist
Products
All IPOs
₹104 - 104
Matrix Geo Solutions Ltd
MiscellaneousIPOSME
₹104 - 104
Our company 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, we offer high-resolution drone-based aerial surveys for various applications, including mapping, surveillance, and infrastructure inspection. Our services include the creation of detailed orthophotos, 3D models, digital elevation models, and precise topographical maps. Additionally, we offer geo-referenced video solutions for progress monitoring, surveillance, and incident management across various industries.
Lot1,200Min Invest₹2,49,600Face Value₹10Issue Size₹40 CrFresh Issue₹40 CrListing Price₹104CMP₹50
Timeline
23 Sept
Bidding opens
25 Sept
Bidding closes
26 Sept
Allotment
29 Sept
Refund & demat credit
30 Sept
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹40 Cr0.39 Cr shares
Fresh Issue₹40 Cr
Face Value₹10
Lot Size1,200 shares
ReservationQIB 49.89% · NII 15.08% · RETAIL 35.03%
Application Sizes
Retail₹2,49,6001-1 lots
sNII₹2,49,600from 2 lots
bNII₹11,23,200from 9 lots
Managers & Registrar
Lead ManagerNarnolia Financial Services Ltd
RegistrarMaashitla Securities Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group91.52%67.2%Public8.48%32.8%
Objects of the Issue
- Purchase of new drones
- Purchase of Survey Equipment and Technologies
- Capital expenditure
- Funding the working capital requirement
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 10 | 9 | 14 | 22 | 40 |
| Operating ProfitCr | 2 | 2 | 5 | 8 | 13 |
| OPM% | 17.6 | 20.9 | 35.7 | 37.0 | 33.0 |
| PBTCr | 2 | 1 | 4 | 8 | 13 |
| PATCr | 1 | 1 | 3 | 6 | 10 |
| EPS | 1 | 1 | 3 | 5 | 8 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 0 | 11 | 15 |
| ReservesCr | 7 | 8 | 11 | 11 | 51 |
| BorrowingsCr | 0 | 2 | 2 | 2 | 2 |
| Total AssetsCr | 14 | 15 | 17 | 30 | 77 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 1 | 0 | 2 | 2 | -11 |
| Investing Cash FlowCr | 0 | -2 | -1 | -2 | -22 |
| Financing Cash FlowCr | -1 | 1 | 0 | 5 | 34 |
| Net Cash FlowCr | 0 | 0 | 0 | 5 | 1 |
Strengths & Risks
Strengths · as stated in the DRHP
- Effective market anticipation.
- Favorable Government policies.
- Cordial relations with our clients.
- Emerging segment in India.
- Quality Deliverables.
Strategies · as stated in the DRHP
- Drone Training through Drone academy of India.
- Expanding to Pan India and International Markets.
- Expansion of our Service portfolio by investment in new technologies and equipment's.
Risks · as stated in the DRHP
- Our major revenue is sourced from Geospatial & Consultancy Services. Our inability or failure to manage and attract more clients under these services could adversely affect our business.
- Our contingent liabilities as stated in our Restated Financial Statements could adversely affect our financial conditions.
- Our training business, (training through drones) is highly regulated and subject to change, we have a DGCA license subject to certain conditions. If we fail to comply with the applicable regulations, rules prescribed by Government of India as well as condition on which DGCA license has issued, our business, financial condition may have a material adverse effect on our business & operations.
- Our business operations rely on the continuous updating of technologies and survey equipment. To stay competitive in the market, it is essential for our company to regularly upgrade our technologies.
- The restated financial statements have been provided by peer reviewed chartered accountants who are not statutory auditors of our Company.
- We depend on a limited number of customers for a significant portion of our revenues. The loss of a major customer or significant reduction in demand from any of our major customers may adversely affect our business, financial condition, results of operations and prospects.