Matrix Geo Solutions: Pioneering Geospatial Innovations with Rs 40 Crore IPO

Matrix Geo Solutions is launching its IPO with a price band of Rs 98-104 per share. The fresh issue aims to raise Rs 40 crore, funding enhancements in drone technology and survey equipment. The IPO will aid the company, established in 2008, in bolstering its geospatial consultancy services.

Devdiscourse News Desk | New Delhi | Updated: 22-09-2025 14:17 IST | Created: 22-09-2025 14:17 IST

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Matrix Geo Solutions, a cutting-edge drone-based geospatial and engineering consultancy, has announced a price band of Rs 98-104 per share for its initial public offering (IPO) valued at Rs 40 crore. The IPO opens for subscription from September 23 to September 25, featuring an entirely fresh issue of 38.65 lakh equity shares.

Specializing in advanced survey technologies like photogrammetry, LiDAR, GIS, and remote sensing, Matrix Geo Solutions aims to enhance its technological landscape. The IPO proceeds will primarily aid in the purchase of new drones, survey equipment, and funding capital needs, ensuring sustainable growth.

Having reported a total income of Rs 22.19 crore for the fiscal year ending March 31, 2025, the company plans to list its shares on the NSE's SME platform. Narnolia Financial Services is the lead manager, with Nexgen Financial Solutions as the registrar.