Paramatrix Technologies Limited IPO Overview

The Paramatrix Technologies IPO is a fixed price issue aiming to raise ₹33.84 crores. It includes a fresh issue of 27.59 lakh shares worth ₹30.35 crores and an offer for sale of 3.18 lakh shares totaling ₹3.50 crores.

Subscription Details

The IPO opens for subscription on August 27, 2024, and closes on August 30, 2024. Allotments are expected to be finalized on September 2, 2024, with the listing on NSE SME scheduled for September 4, 2024.

Price and Investment

The price for the IPO is fixed at ₹110 per share. The minimum lot size is 1,200 shares, requiring a minimum investment of ₹132,000 for retail investors. High Net Worth Individuals (HNIs) must invest in a minimum of 2 lots (2,400 shares), totaling ₹264,000.

IPO Management

Inventure Merchant Banker Services Pvt Ltd is the book-running lead manager, and Bigshare Services Pvt Ltd is the registrar. Svcm Securities is the market maker.

For more details, refer to the Paramatrix Technologies IPO Draft Red Herring Prospectus (DRHP).

Paramatrix Technologies Limited IPO Important dates

Paramatrix Technologies IPO opens on August 27, 2024, and closes on August 30, 2024.

IPO Open Date Tuesday, August 27, 2024
IPO Close Date Friday, August 30, 2024
Basis of Allotment Monday, September 2, 2024
Initiation of Refunds Tuesday, September 3, 2024
A credit of Shares to Demat Tuesday, September 3, 2024
Listing Date Wednesday, September 4, 2024
Cut-off time for UPI mandate confirmation 5 PM on August 30, 2024

Paramatrix Technologies Limited IPO Financial Performance

Period Ended 31 Dec 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 3,234.29 3,438.71 3,062.57 2,570.28
Revenue 2,149.44 3,332.44 2,824.66 2,572.77
Profit After Tax 2,96,45,999.99 707.56 678.94 470.76
Reserves and Surplus 2,038.87 2,961.55 2,429.27 2,030.93

 

Paramatrix Technologies Limited IPO Objectives

The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

  1. Capital Expenditure for building Infrastructure;
  2. Investment in a suite of accelerators to enhance the service offerings;
  3. Geographical expansion in the Middle East and East Asia; and
  4. General Corporate Purposes

Paramatrix Technologies Limited IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1200 ₹132,000
Retail (Max) 1 1200 ₹132,000
HNI (Min) 2 2,400 ₹264,000

Paramatrix Technologies Limited IPO Details

IPO Date August 27, 2024 to August 30, 2024
Listing Date [.]
Face Value ₹10 per share
Price ₹110 per share
Lot Size 1200 Shares
Total Issue Size 3,076,800 shares
(aggregating up to ₹33.84 Cr)
Fresh Issue 2,758,800 shares
(aggregating up to ₹30.35 Cr)
Offer for Sale 318,000 shares of ₹10
(aggregating up to ₹3.50 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Shareholding pre-issue 8,750,000
Shareholding post issue 11,508,800
Market Maker portion 156,000 shares

Paramatrix Technologies Limited Company Overview and Services

Founded in 2004, Paramatrix Technologies Limited provides software applications and technology solutions tailored for large and medium-sized enterprises.

Product and Service Offerings

Paramatrix Technologies’ offerings include a range of digital transformation services and managed services:

  • Digital Transformation Services:
    • Application Development and Maintenance (ADM)
    • Solution Architecture and Design
    • Enterprise Data Management & Data Analytics
    • INSIGHT (Analytics, MIS & Reporting Accelerator)
    • PERFORM (Employee Performance Management Accelerator)
    • EPPM (Framework for Work Allocation and Scheduling)
    • PACE (Middleware Framework for Centralized Control)
    • ITCS (Employee Share Trading Compliance Accelerator)
    • DROANA (Virtual Classroom Platform)
    • EVENTJET (Event Log Monitoring & Management Solution)
    • BULWARK (Cloud Security Posture Assessment)
    • PLAYMITY (SaaS-based Gamification Platform)
  • Managed Services:
    • Application Managed Services
    • Cyber Security Services
    • Cloud & Data Support Services

Clientele

The company serves various sectors, including BFSI, retail, manufacturing, sports, pharma, and logistics.

Employment

As of March 31, 2024, Paramatrix Technologies Limited employed 182 people.

Paramatrix Technologies GMP Details

Paramatrix Technologies SME IPO last GMP is ₹0, last updated Aug 28th 2024. With a price band of 110.00, Paramatrix Technologies SME IPO’s estimated listing price is ₹110 (cap price + today’s GMP). The expected percentage gain/loss per share is 0.00%.

Stay with us to know the daily price trend of Paramatrix Technologies SME IPO GMP with an expected listing price.

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
28-08-2024 110.00 ₹0  — ₹110 (0%) 28-Aug-2024
27-08-2024 Open 110.00 ₹0  — ₹110 (0%) 27-Aug-2024
26-08-2024 110.00 ₹0  — ₹110 (0%) 26-Aug-2024

Paramatrix Technologies Limited IPO subscription status 

Paramatrix Technologies IPO subscribed 1.41 times. The public issue subscribed 2.38 times in the retail category, [.] times in QIB, and 0.43 times in the NII category by August 28, 2024.

Investor Category Subscription (times) Shares Offered* Shares bid for Total Amount (Rs Cr.)*
Market Maker 1 1,56,000 1,56,000 1.72
Non-Institutional Buyers*** 0.43 14,60,400 6,31,200 6.94
Retail Investors 2.38 14,60,400 34,80,000 38.28
Total ** 1.41 29,20,800 41,11,200 45.22

Total Application: 2,900

Note:

  • *: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.

  • **: The portion of anchor investors (or market makers) is not included in the total number of shares offered.

  • ***: Market Maker portion is not included in NII/HNI.

Paramatrix Technologies IPO Subscription Details (times)

Date NII* Retail Total
Day 1
Aug 27, 2024		 0.42 1.49 0.96
Day 2
Aug 28, 2024		 0.43 2.38 1.41

Paramatrix Technologies Limited IPO Allotment status 

Paramatrix Technologies IPO allotment is expected on September 2, 2024.

Paramatrix Technologies IPO allotment status is not available at this time. Paramatrix Technologies IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Paramatrix Technologies Limited’s IPO allotment status.

To check Paramatrix Technologies IPO allotment status, follow the steps below:

  1. Click on the allotment status check button below.
  2. Select Company Name.
  3. Enter your PAN Number, Application Number, or DP Client ID (Anyone).
  4. Click on Search.

When you secure the allotment, you will receive the credit for equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Bigshare Services Pvt Ltd either by phone or email. Investors can call +91-22-6263 8200 or send an email with all relevant details to ipo@bigshareonline.com.

Paramatrix Technologies Limited Contact Details

Paramatrix Technologies Limited
E-102, 1st Floor,
Sanpada Railway Station Complex,
Sanpada, Navi Mumbai – 400705
Phone: +91 22 4151 8700
Email: cs@paramatrix.com
Website: https://www.paramatrix.com/

 

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Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and there is no guarantee of financial returns. The information provided should not be construed as financial or investment advice. Prospective investors are advised to carefully consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.