Paramatrix Technologies Limited IPO

NiftyTrader • August 23, 2024

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Paramatrix Technologies Limited IPO

Paramatrix Technologies Limited IPO opens on August 27, 2024, and closes on August 30, 2024. The allotment for the Paramatrix Technologies Limited IPO is anticipated to be completed on Monday, September 2, 2024. The IPO will be tentatively listed on the SME and NSE on Wednesday, September 4, 2024.

The Paramatrix Technologies Limited IPO’s price band is Rs 110 per share. The IPO is a book-built issue of Rs 33.84 crores, an entirely new issue of 27.59 lakh shares.

Paramatrix Technologies 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 IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹132,000
Retail (Max)	1	1200	₹132,000
S-HNI (Min)	2	2400	₹264,000

Paramatrix Technologies IPO Objectives

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

General Corporate Purpose
Capital Expenditure for building Infrastructure;
Investment in a suite of accelerators to enhance the service offerings;
Geographical expansion in the Middle East and East Asia; and

About Paramatrix Technologies Limited

Paramatrix Technologies Limited, established in 2004, specializes in providing software applications and technology solutions tailored for large and medium-sized enterprises. Their offerings are divided into digital transformation services and managed services. In digital transformation, they deliver Application Development and Maintenance (ADM), Enterprise Data Management & Analytics, and various accelerators like INSIGHT for analytics, EPPM for work allocation, and BULWARK for cloud security, among others. Managed services include application management, cybersecurity, and cloud support. Serving sectors like BFSI, retail, manufacturing, sports, pharma, and logistics, the company employs 182 staff members as of March 31, 2024.

Paramatrix Technologies Limited Financial Information

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2023
Assets	3,354.2	3,438.71	3,062.57
Revenue	2,859.93	3,332.44	2,824.66
Profit After Tax	413.17	707.56	678.94
Net Worth	3,030.25	2,996.5	2,464.27
Reserves and Surplus	2,155.25	2,961.55	2,429.27
			Amount in ₹ Lakhs

Paramatrix Technologies IPO Reservation

Investor Category	Shares Offered
Other Shares Offered	50% of the net offer
Retail Shares Offered	50% of the net offer

Paramatrix Technologies IPO Timeline

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