Paramatrix Technologies Limited IPO Overview: Paramatrix Technologies Limited, a Navi Mumbai-based IT company, was founded in 2004. The company provides software applications and technology solutions to B2B clients. Paramatrix Technologies Limited IPO is going to be open to the public on August 27, 2024 and the closing date of the IPO is August 30, 2024. The share allotment date of the Paramatrix Technologies IPO is September 2, 2024 and the listing date is September 4, 2024.
This is a SME fixed Price Issue initial public offering (IPO), with a total issue size of ₹33.84 crore for 30 lakh shares. Whereas the fresh issue is ₹30.35 crore for 27.58 lakh shares, the offer for sale is ₹3.50 crore for 3.2 lakh shares. The price band of the Paramatrix Technologies Limited IPO is set at ₹110 per share and the face value is ₹10 per share.
Table of Contents
You will find all the information regarding the company and its IPO on this page. This page will be updated regularly with the latest updates regarding the Paramatrix Technologies Limited IPO.
Paramatrix Technologies IPO Details
| IPO Date | August 27, 2024, to August 30, 2024 |
| Listing Date | Wednesday, September 4, 2024 |
| Face Value | ₹10 per share |
| Price | ₹110 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | ₹33.84 crore for 30,76,800 shares |
| Fresh Issue | ₹30.35 crore for 27,58,800 shares |
| Offer for Sale | ₹3.50 crore for 3,18,000 shares |
| Issue Type | Fixed Price Issue IPO |
| Overall Subscription | 9.21x |
| Listing At | NSE SME |
| NIIs Shares Offered | 50% of the offer |
| Retail Shares Offered | 50% of the offer |
Paramatrix Technologies IPO Important Dates
The opening date of the Paramatrix Technologies IPO is Tuesday, August 27, 2024 and the closing date is Friday, August 30, 2024. The basic allotment date of the IPO is Monday, September 2, 2024 and the listing date is Wednesday, September 4, 2024.
All the important dates regarding the Paramatrix Technologies Limited IPO are mentioned below. Mark them on your calendar so you don’t miss any events.
| 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 |
| Credit of Shares to Demat | Tuesday, September 3, 2024 |
| Listing Date | Wednesday, September 4, 2024 |
Paramatrix Technologies IPO GMP Today
The overall subscription of the IPO is very low, which indicate the listing price premium will be lower. The last updated Grey Market Premium (GMP) for the Paramatrix Technologies IPO is up to ₹17. The offering price for the Paramatrix Technologies Limited IPO is ₹110 per share.
The following table displays the trend of Paramatrix Technologies IPO’s GMP over the past few days.
| GMP Date | IPO Price | GMP Price |
| September 3, 2024 | ₹110 | ₹17 |
| September 2, 2024 | ₹110 | ₹19 |
| September 1, 2024 | ₹110 | ₹19 |
| August 31, 2024 | ₹110 | ₹21 |
| August 30, 2024 | ₹110 | ₹21 |
| August 29, 2024 | ₹110 | ₹21 |
| August 28, 2024 | ₹110 | ₹21 |
| August 27, 2024 | ₹110 | ₹55 |
| August 26, 2024 | ₹110 | ₹55 |
Paramatrix Technologies IPO Lot Size
Paramatrix Technologies IPO offers a minimum of 1,200 shares per lot. Retail investors can apply for a minimum of 1 lot and a maximum of 1 lot, while high-net-worth individuals (HNIs) can apply for a minimum of 2 lots and a maximum of 4 lots.
The below table represents the future of minimum and maximum investment for retail investors and HNI concerning shares and amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,32,000 |
| Retail (Max) | 1 | 1200 | ₹1,32,000 |
| HNI (Min) | 2 | 2,400 | ₹2,64,000 |
| HNI (Max) | 4 | 4,800 | ₹5,28,000 |
Paramatrix Technologies IPO Quota Offered Shared
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Paramatrix Technologies Limited IPO Promoter Holdings
| Share Holding Pre Issue | 75.46% |
| Share Holding Post Issue | 54.77% |
How to apply Paramatrix Technologies IPO?
Net Banking:
- Login to Internet Banking: Access your Internet banking account using your credentials.
- Browse to the IPO Section: Once logged in, go to the ‘Investments’ or ‘IPO’ section.
- Select the “Paramatrix Technologies IPO”: Locate and select the Paramatrix Technologies Limited IPO from the list of available IPOs.
- Fill out the IPO bid form: Enter the required details, such as your bid quantity, price, CDSL ID, and DP account information.
- Make Payment and Confirm Application: Complete the payment process as per the instructions and submit your application. If the Paramatrix Technologies IPO is not allotted to you, you will receive a full refund.
About Paramatrix Technologies Limited
Paramatrix Technologies Limited, a Navi Mumbai-based IT company, was founded in 2004. The company provides software applications and technology solutions to B2B clients. The company has completed more than 350 projects across a diverse range of sectors, from BFSI and capital markets to human resources, manufacturing, and more.
Paramatrix Technologies Limited Financial Reports
Paramatrix Technologies Limited reported revenue of ₹285.99 crore in FY24, a decrease from ₹333.24 crore in FY23. The Profit After Tax (PAT) also declined from ₹70.76 crore in FY23 to ₹41.32 crore in FY24. This drop in both revenue and profitability indicates some challenges in the company’s financial performance over the last year.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹ 33.542 crore | ₹ 34.3871 crore | ₹ 30.6257 |
| Revenue | ₹ 28.5993 crore | ₹ 33.3244 crore | ₹ 28.2466 |
| Profit After Tax | ₹ 4.1317 crore | ₹ 7.0756 crore | ₹ 6.7894 |
Paramatrix Technologies Limited Key Performance Indicators
| KPI | Values |
| ROE: | 13.63% |
| ROCE: | 17.29% |
| EBITDA Margin: | 19.76% |
| PAT Margin: | 14.45% |
| Earning Per Share (EPS): | ₹4.72(Basic) |
| Price/Earning P/E Ratio: | ₹23.31 |
| Return on Net Worth (RoNW): | 23.61% |
| Net Asset Value (NAV): | ₹34.63 |
Paramatrix Technologies Limited Contact Details
E-102, 1st Floor, Sanpada Railway Station Complex,
Sanpada, Navi Mumbai -PIN- 400705
Phone: +91-2241518700
Email: [email protected]
FAQs
1. What is the GMP price of the Paramatrix Technologies Limited IPO?
The current GMP price of the Paramatrix Technologies IPO is ₹17.
2. On which exchange will the Paramatrix Technologies IPO be listed?
Paramatrix Technologies IPO shares are to be listed on the NSE SME.
3. When is the allotment date for the Paramatrix Technologies IPO?
The allotment date of the Paramatrix Technologies Limited IPO is September 2, 2024.
4. What are the opening and closing dates of the Paramatrix Technologies IPO?
Paramatrix Technologies IPO will open on August 27, 2024 & close on August 30, 2024.
5. When is the listing date for the Paramatrix Technologies Limited IPO?
Paramatrix Technologies IPO’s listing date is September 4, 2024.
Conclusion
Paramatrix Technologies Limited, a Navi Mumbai-based IT company, was founded in 2004. The company provides software applications and technology solutions to B2B clients. The reported revenue is ₹285.99 crore in FY24, a decrease from ₹333.24 crore in FY23. The Profit After Tax (PAT) also declined from ₹70.76 crore in FY23 to ₹41.32 crore in FY24. This drop in both revenue and profitability indicates some challenges in the company’s financial performance over the last year. It may be a wise to approach the IPO for investment with caution. Invest in the Paramatrix Technologies IPO at your own risk.
To get more information and regular updates on the Paramatrix Technologies Limited IPO, keep in touch with The Invest Advisory.