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 |
Key Performance Indicator
The market capitalization of Paramatrix Technologies IPO is Rs 126.6 Cr.
KPI as of March 31, 2024.
Premier Energies Promoter Holding
Mukesh Keshubhai Thumar and Bhavna Mukesh Keshubhai Thumar are the promoters of the Company.
| KPI | Values |
| ROE | 13.63% |
| ROCE | 17.29% |
| RoNW | 13.69% |
| PAT Margin (%) | 11 |
| Share Holding Pre-Issue | 75.46% |
| Share Holding Post Issue | 54.77% |
