Matrix Geo Solutions Ltd - IPO

Matrix Geo Solutions Ltd IPO Details

Initial public offering up to 38,65,200 equity shares of Rs. 10/- each (Equity Shares) of Matrix GEO Solutions Limited (MGSL or the Company) for cash at a price of Rs. 104/- per equity share (the Issue Price), aggregating to Rs. 40.20 crores (the Issue). Out of the issue, 2,13,600 equity shares aggregating to Rs. 22.21 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 36,51,600 equity shares of face value of Rs. 10/- each at an issue price of Rs. 104/- per equity share aggregating to Rs. 37.98 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.51% and 25.04%, respectively of the post issue paid up equity share capital of the company.

Objective of issue

Purchase of new drones. Purchase of Survey Equipment and Technologies. Capital expenditure. Funding the working capital requirement. General corporate purposes.

Matrix Geo Solutions Ltd Contact Details

Matrix Geo Solutions Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - cs@matrix-geo.com

Website - www.matrix-geo.com