30 Sep 2025 | 3 Mins Read
Matrix Geo Solutions' IPO likely faces lukewarm debut
Flipitmoney
Matrix Geo Solutions, a geospatial consulting and drone technology solutions provider, lists on NSE SME platform. Its Rs 40.2 crore IPO, priced at Rs 98-104, drew 7.69 times subscription. The company completed over 1,500 projects, including for Indian Railways and NHAI. Revenue grew 61% to Rs 22.2 crore in FY25, with RoE at 35%.