Matrix Geo Solutions Set for IPO to Revolutionize Geospatial Insights

Matrix Geo Solutions, a geospatial consultancy firm, announces its IPO with a price range of Rs 98-104, aiming to raise Rs 40 crore. Scheduled for September 23-25, the offering will fund drone purchases, technology upgrades, and corporate needs. The firm leverages advanced technologies for smarter industry decision-making.

Devdiscourse News Desk | New Delhi | Updated: 22-09-2025 15:50 IST | Created: 22-09-2025 15:50 IST

Matrix Geo Solutions Set for IPO to Revolutionize Geospatial Insights — This image is AI-generated and does not depict any real-life event or location. It is a fictional representation created for illustrative purposes only.

Country:
India

Matrix Geo Solutions, a prominent player in the geospatial and engineering consultancy sector, has announced its initial public offering (IPO) with a price band ranging from Rs 98 to Rs 104 per share, targeting a total raise of Rs 40 crore.

The firm's maiden share sale will be open for subscription from September 23 to 25, marking a significant milestone in its growth strategy. Specializing in advanced survey technologies like photogrammetry and LiDAR, Matrix Geo serves industries such as railways, roads, and mining with crucial geospatial insights.

The proceeds from this IPO will bolster the company's technological edge and expand its market leadership. The funds will primarily be allocated to acquiring new drones and survey equipment, as well as meeting capital and operational expenses. The company's shares will be listed on the NSE's SME platform following the offering.