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

Paramatrix Technologies IPO Lot Size

Paramatrix Technologies IPO Objectives

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

1. General Corporate Purpose
2. Capital Expenditure for building Infrastructure;
3. Investment in a suite of accelerators to enhance the service offerings;
4. 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

Paramatrix Technologies IPO Reservation

Paramatrix Technologies IPO Timeline

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