Paramatrix Technologies IPO will open for subscription from 27 August 2024. The company aims for an issue size of ₹33.84 Cr through this IPO.
Company Overview
| Full name | Paramatrix Technologies Limited |
| Sector | Information Technology |
| Industry | IT – Software |
| Company Website | https://www.paramatrix.com/ |
About Company
Paramatrix Technologies offers various services like Bespoke Software Development, IT Staff Augmentation, Database Management, Business Process Outsourcing, and System Integration. Headquartered in Mumbai, the company concentrates on creating software applications and technology solutions for large enterprises and mid-size businesses on web and mobile platforms. BFSI, Retail, and Sports are among the key growth sectors for Paramatrix. The company’s office infrastructure includes a workspace with 200 seats, estimated to cost INR 9.40 crore. Paramatrix’s software applications and technology solutions (Accelerators) Services are broadly classified into two categories: (A) Digital Transformation Services and (B) Managed Services.
Additionally, the company provides technology services for other industries such as Manufacturing, Pharmaceutical, Shipping, and Logistics. Paramatrix possesses substantial knowledge, expertise, and experience in developing applications and technology solutions using modern technologies, frameworks, and platforms like Microsoft.Net, Microsoft SQL, Azure, Cross-Platform Mobile Applications, and Java technology, among others.
The Objectives of the Issue
- Capital Expenditure for building Infrastructure;
- Investment in suite of accelerators to enhance the service offerings;
- Geographical expansion in the Middle East and East Asia; and
- General Corporate Purposes
Paramatrix Technologies IPO Timetable
| IPO Opening date | 27 August 2024 |
| IPO Closing | 30 August 2024 |
| Basis of Allotment | 02 September 2024 |
| Initiation Refund | 03 September 2024 |
| Credit to Demat Account | 03 September 2024 |
| Listing Date | 04 September 2024 |
Paramatrix Technologies IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹33.84 Cr – 3,076,800 shares |
| Fresh Issue | ₹30.35 Cr – 2,758,800 shares |
| Offer for sale | ₹3.50 Cr – 318,000 shares |
| Face value | ₹10 per share |
| Offer Price | ₹110 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 156,000 shares |
| Shareholding pre-issue | 8,750,000 |
| Shareholding post-issue | 11,508,800 |
| Listing Exchange | NSE SME |
Paramatrix Technologies IPO Lot Size
| 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 Offer Documents
Paramatrix Technologies IPO Reservation Details
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Paramatrix Technologies Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 27.33 | 28.36 | 27.99 |
| Expenses | 18.60 | 23.59 | 22.95 |
| Net income | 6.79 | 7.08 | 4.13 |
Paramatrix Technologies Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 7.76 | 8.09 | 4.72 |
| PE ratio | – | – | 23.31 |
| RONW (%) | 27.55 | 23.61 | 13.69 |
| NAV | 28.16 | 34.25 | 34.63 |
| ROCE (%) | 35.87 | 30.51 | 17.29 |
| EBITDA (%) | 34.14 | 29.22 | 19.76 |
Company Promoters
- Mukesh Keshubhai Thumar
- Bhavna Mukesh Keshubhai Thumar
Promoter Holding
| Pre Issue Share Holding | 75.46% |
| Post Issue Share Holding | 54.77% |
Paramatrix Technologies Offer GMP Update
Coming Soon
Paramatrix Technologies IPO Subscription Update
Coming Soon
Paramatrix Technologies IPO Allotment Status
Paramatrix Technologies IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Paramatrix Technologies IPO Listing Details
| Listing Date | 04 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
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Paramatrix Technologies IPO Lead Manager(s)
INVENTURE MERCHANT BANKER SERVICES PRIVATE LIMITED
2nd Floor, Viraj Tower, Nr. Andheri Flyover (North End),
Western Express Highway, Andheri (East) Mumbai – 400 069
Phone:+91 22 4075 1500
Email: compliance@inventuremerchantbanker.com
Website: www.inventuremerchantbanker.com
Paramatrix Technologies Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Paramatrix Technologies Contact Details
PARAMATRIX TECHNOLOGIES LIMITED
E-102, 1st Floor, Sanpada Railway Station Complex,
Sanpada, Navi Mumbai – 400705, Maharashtra
Phone: +91 22 4151 8700
E-mail: cs@paramatrix.com
Website: www.paramatrix.com
Paramatrix Technologies IPO FAQs
What is the Paramatrix Technologies offer size?
Paramatrix Technologies’ offer size is ₹ 33.85 crores.
What is the Paramatrix Technologies offer price band?
Paramatrix Technologies’ public offer price is ₹ 110 per share.
What is the lot size of the Paramatrix Technologies IPO?
Paramatrix Technologies offers a lot size is 1,200 shares.
What is Paramatrix Technologies Offer GMP today?
Paramatrix Technologies IPO GMP today is ₹ NA per share.
What is the Paramatrix Technologies kostak rate today?
Paramatrix Technologies kostak rate today is ₹ NA per application.
What is Paramatrix Technologies Subject to the Sauda rate today?
Paramatrix Technologies is Subject to the Sauda rate today is ₹ NA per application.
Final thoughts
Paramatrix Technologies IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
