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MGSL IPO

Matrix Geo Solutions Limited

IPO Doc

Start Date23-09-2025

Application Timing10am-5pm

Price Range₹98 - ₹104

Min Qty1200

Min. Investment₹117600

Listing Date30-09-2025

Close Date25-09-2025

About Matrix Geo Solutions Limited

Matrix Geo Solutions Ltd, established in 2008, is a leading consultancy firm specializing in advanced geospatial technologies such as photogrammetry, LiDAR, GIS, and remote sensing using drones and satellite imagery. The company has successfully completed more than 1,500 projects across 27 Indian states, including major assignments like the Mumbai–Ahmedabad Bullet Train project and the Pune–Mumbai Hyperloop.

The firm caters to multiple sectors including railways, roads, mining, irrigation, water distribution, and power, with a strong client base consisting of Indian Railways, NHAI, NTPC, GAIL, L&T ECC, Adani Group, and Tata Projects. With services ranging from engineering surveys to mining and environmental studies, Matrix Geo Solutions has built long-standing industry relationships and expertise in technology-driven solutions. As of July 31, 2025, the company has 100 permanent employees.

Why To Invest in Matrix Geo Solutions Limited

Strong Financial Growth: Revenue grew 61% and PAT increased by 75% in FY25 compared to FY24, showcasing consistent growth momentum.

High Profitability Ratios: ROE at 35.21% and EBITDA margin at 37.08% reflect strong financial efficiency.

Diversified Services Portfolio: End-to-end solutions in geospatial services, infrastructure planning, and resource management make it a niche player in a growing sector.

Government & Infrastructure Projects: Presence in large-scale projects like bullet trains, highways, and smart cities ensures long-term business opportunities.

Low Debt Levels: With a debt-to-equity ratio of only 0.14, the company maintains a healthy balance sheet.

Use of Funds for Growth: IPO proceeds are planned for expansion in drones, survey equipment, and working capital, which may enhance scalability.

Financial Table

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	30.71	16.66	14.53
Total Income	22.19	13.77	8.91
Profit After Tax	5.86	3.35	1.09
EBITDA	8.19	4.88	1.84
NET Worth	21.91	11.38	8.03
Reserves and Surplus	11.19	11.37	8.02
Total Borrowing	1.68	1.62	1.64

Strengths And Risks

In-house Technology Capabilities: Matrix Geo Solutions has complete in-house solutions for GIS, LiDAR, photogrammetry, and drone mapping, which reduces dependency on third parties and ensures quality control.

Strong Client Relationships: The company enjoys long-term partnerships with reputed government organizations and private players such as Indian Railways, NHAI, NTPC, Adani Group, and Tata Projects, providing credibility and repeat business.

Experienced Management Team: Led by an experienced and qualified management team, Matrix Geo Solutions benefits from strong leadership that guides project execution and business expansion.

Presence in Large-scale Projects: The company has been part of major national projects like the Mumbai–Ahmedabad Bullet Train and the Pune–Mumbai Hyperloop, highlighting its role in critical infrastructure development.

Strong Financial Growth: With revenue growth of 61% and profit growth of 75% in FY25, along with healthy margins and low debt, the company has demonstrated strong financial performance.

Dependency on Government Contracts: A significant portion of revenue comes from government tenders and contracts, making the business sensitive to policy changes and delays.

High Working Capital Requirement: Large-scale projects demand substantial working capital, which could strain liquidity if cash flows are not efficiently managed.

Competitive Industry: The geospatial and technology services sector is competitive, with multiple players and rapidly evolving technologies requiring continuous upgrades and investments.

Technology Upgradation Cost: To stay ahead, the company must invest heavily in drones, survey equipment, and new technologies, which may impact profitability in the long term.

Small IPO Size and Market Volatility: Given the relatively small IPO size, the stock may face higher volatility after listing, potentially impacting short-term investor confidence.

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Company

Astha Credit & Securities Pvt Ltd NSE, BSE & MCX SEBI Reg No:

INZ000187932

Membership ID:

NSE - 12227 BSE-6844 MCX - 40000 NSDL-IN303420 CDSL-94500

CIN:

U65929MP2003PTC016241

SEBI Depository Participant Reg No:

IN-DP-611-2021

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SEBI RA Registration:

INH000013332

AMFI Registration:

ARN-35911

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Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020
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All investors are requested to take note that 6 KYC attributes i.e. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.
The last date to update KYC is on or before March 31, 2022.
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The investors are hereby requested to comply with the regulatory guidelines issued by Exchanges and Depositories from time to time with regard to KYC compliance and related requirements.
We do proprietary trading

Client Bank Account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062

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1. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in the investor's account. 2. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary.

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MGSL IPO

About Matrix Geo Solutions Limited

Why To Invest in Matrix Geo Solutions Limited