Matrix Geo Solutions Limited

About the company

Matrix Geo Solutions is engaged in providing geospatial and consulting services with a focus on Drone-as-a-Service (DaaS) and Geospatial & Remote sensing services. It derives revenue from two sources: the sale of services and the sale of Goods/Software licenses. Business-to-Business (B2B) sales generated 62.45% of revenue, followed by Business-to-Government (B2G) at 31.94% and Business-to-Consumer (B2C) at 5.61% in FY25. It operates a fleet of 20 drones ranging from micro-class (2kg) to small-class (up to 25kg) unmanned aerial systems, with the newest additions being VEDANSH model drones acquired in FY26. 99.20% of revenue came from Geospatial & Consultancy Services in FY25. Domestic revenue was dominated by Delhi (32.09%), followed by Uttar Pradesh (17.21%). The total order book stood at ₹22.89 crore as of March 2025.

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   23 Sept 2025

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   25 Sept 2025

   Last day to place your bid

3. Basis of Allotment

   Completed
   26 Sept 2025

   Share allotment finalised

4. Refund Initiation

   Completed
   29 Sept 2025

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   29 Sept 2025

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   30 Sept 2025

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.