Matrix Geo Solutions IPO is a book-built issue aiming to raise ₹40.20 crore. It comprises a fresh issue of 0.39 crore shares of ₹40.20 crore. The bidding window was open from September 23, 2025, to September 25, 2025, with the IPO allotment to be finalised on September 26, 2025. Matrix Geo Solutions is scheduled to list on NSE SME on September 30, 2025.
The IPO was priced at ₹98–₹104 per share with a lot size of 1,200 shares. The public issue received bids for 1,96,83,600 shares against 25,60,800 shares available, resulting in an overall subscription of 7.69 times. QIBs led the response, subscribing 12.50 times their quota, followed by NIIs at 8.87 times and retail investors at 4.43 times.
Matrix Geo Solutions’s ₹40.20 crore IPO, priced at ₹98–₹104 per share, was subscribed 7.69 times overall. The IPO consists of a fresh issue of 0.39 crore shares of ₹40.20 crore. Bidding took place from September 23 to September 25, 2025, with the Matrix Geo Solutions IPO allotment status on September 26, 2025. Retail investors subscribed 4.43 times and NIIs 8.87 times. Listing is expected on September 30, 2025.
The table below breaks down the Matrix Geo Solutions share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 2,13,600 (5.53%) |
| QIB Shares Offered | 18,21,600 (47.13%) |
| − Anchor Investor Shares Offered | 10,90,800 (28.22%) |
| − QIB (Ex. Anchor) Shares Offered | 7,30,800 (18.91%) |
| NII (HNI) Shares Offered | 5,50,800 (14.25%) |
| − bNII > ₹10L | 3,67,200 (9.50%) |
| − sNII < ₹10L | 1,83,600 (4.75%) |
| Retail Shares Offered | 12,79,200 (33.10%) |
| Total Shares Offered | 38,65,200 (100.00%) |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 12.50 |
| Non-Institutional Investors | 8.87 |
| Retail Individual Investors | 4.43 |
| Total shares | 7.69 |
Note: The subscription details are as of September 25, 2025
Matrix Geo Solutions Limited is a geospatial technology and consulting company that leverages advanced tools such as drones, LiDAR, satellite imagery, and remote sensing to deliver comprehensive survey and data-driven solutions.
Established in 2008 and later converted into a public limited company in 2024, the company has built expertise around Drone-as-a-Service (DaaS) and geospatial consulting.
It clients to access high-resolution aerial surveys, 3D models, topographical maps, and geo-referenced video solutions for applications like progress monitoring, infrastructure inspection, and incident management.
Beyond aerial surveys, the company provides end-to-end consultancy in geospatial data analysis, offering actionable insights across sectors such as railways, roadways, irrigation, mining, renewable energy, hydropower, urban planning, and agriculture.
Its services include the preparation of detailed reports, image interpretation, and land classification, supporting decision-making with accuracy and efficiency. The company also offers clients a web-based platform for real-time project data access, ensuring simplified monitoring and streamlined processes.
Matrix Geo Solutions Limited has successfully executed high-profile projects such as the Indian Railways High-Speed Rail Corridor, Bharatmala Road Project, Hemkund Sahib Ropeway, Statue of Unity Area Development, Chenab River surveys, multiple solar power projects, and Kumbh Mela planning.
The company is also empanelled with several government and private organizations that require frequent use of modern survey technologies. Such empanelments allow long-term collaboration at pre-agreed terms, helping reduce repetitive tendering and ensuring a consistent flow of projects over 2–5 year periods.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Sep 26, 2025, 8:05 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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