Paramatrix Technologies: Date, Review, GMP Price & Allotment Details

IPO Date: 27 August - 30 August - 2024

Price: ₹110
Lot Size: 1200 Shares
Allotment Date: 2-Sept-2024
Listing Date: 4-Sept-2024
IPO Size: Approx ₹33.84 Crores

Paramatrix Technologies Details: The Paramatrix Technologies IPO is set to open on August 27, 2024, and will close on August 30, 2024. This Fixed Price Issue aims to raise approximately ₹33.84 crores, with a fresh issue of ₹30.35 crores and an offer for sale of up to 318,000 equity shares, each with a face value of ₹10.

The price band for Paramatrix Technologies IPO is ₹110 per share. The allocation is divided as follows: 50% for retail investors, 0% for Qualified Institutional Buyers (QIBs), and 50% for High Net-Worth Individuals (HNIs). The IPO is scheduled to list on the NSE on September 4, 2024, with allotment taking place on September 2, 2024.

For the fiscal year ending December 2023, Paramatrix Technologies reported a revenue of ₹21.49 crores, down from ₹33.32 crores in the previous year. The company’s profit for the same period was ₹2.96 crores, compared to ₹7.08 crores the year before. Given these financials, potential investors are advised to consider the IPO with a long-term investment perspective.

Paramatrix Technologies Objectives:

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

  1. Capital Expenditure for building Infrastructure;
  2. Investment in suite of accelerators to enhance the service offerings;
  3. Geographical expansion in the Middle East and East Asia; and
  4. General Corporate Purposes

Paramatrix Technologies Review (Apply or Not)

  • Update soon

Paramatrix Technologies Date & Price Band Details:

IPO Open Date:August 27, 2024
IPO Close Date:August 30, 2024
Face Value:₹10 Per Equity Share
IPO Price Band:₹110 Per Share
Issue Size:Approx ₹33.84 Crores
Fresh Issue:Approx ₹30.35 Crores
Offer for Sale:Approx 318,000 Equity Shares
Issue Type:Fixed Price Issue
IPO Listing:NSE SME
Retail Quota:Not more than 50%
QIB Quota:[.]
NII Quota:Not more than 50%
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

Paramatrix Technologies Lot Size:

The Paramatrix Technologies IPO requires a minimum market lot of 1,200 shares, which translates to an application amount of ₹132,000.

ApplicationLot SizeSharesAmount
Retail Minimum11200₹132,000
Retail Maximum21200₹132,000
HNI Minimum32400₹264,000

Paramatrix Technologies Timeline:

The Paramatrix Technologies IPO will open on August 27 and close on August 30. Allotment details will be finalized on September 2, with the shares scheduled to list on the NSE on September 4.

IPO Open Date:August 27, 2024
IPO Close Date:August 30, 2024
Basis of Allotment:September 2, 2024
Refunds:September 3, 2024
Credit to Demat Account:September 3, 2024
IPO Listing Date:September 4, 2024

Paramatrix Technologies GMP Today:

Update soon

Paramatrix Technologies Company Financial Report

The company reported revenue of ₹21.49 crores in Dec 2023 against ₹33.32 crores in 2023. The company reported a profit of ₹2.96 crores in Dec 2023 against a profit of ₹7.08 crores in 2023.

Amount ₹ in Crores

Period EndedRevenueExpenseProfit After TaxAssets
2021₹25.73₹18.72₹4.71₹25.70
2022₹28.25₹18.60₹6.79₹30.63
2023₹33.32₹23.59₹7.08₹34.39
2024₹28.60₹22.95₹4.13₹33.54

Paramatrix Technologies IPO Valuation – FY2024

Check Paramatrix Technologies IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

KPIValues
ROE:13.63%
ROCE:17.29%
EBITDA Margin:19.76%
PAT Margin:14.45%
Debt to equity ratio:NA
Earning Per Share (EPS):₹4.72 (Basic)
Price/Earning P/E Ratio:23.31
Return on Net Worth (RoNW):23.61%
Net Asset Value (NAV):₹34.63

Peer Group Comparison

CompanyEPSPE RatioRoNW %NAVIncome
All E Technologies9.7544.3116.5558.88123.65 Cr.
Softsol India*7.3840.576.21%118.8583.55 Cr.
K Solves India28.8135.30143.3120.10108.98 Cr.

Paramatrix Technologies IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

IPO Lead Managers aka Merchant Bankers

  • Inventure Merchant Banker Services Pvt Ltd

Company Address

Paramatrix Technologies Limited
E-102, 1st Floor,
Sanpada Railway Station Complex,
Sanpada, Navi Mumbai – 400705
Phone: +91 22 4151 8700
Email: cs@paramatrix.com
Website: https://www.paramatrix.com/

Paramatrix Technologies IPO FAQs

1. What are the key dates for the Paramatrix Technologies IPO?
The Paramatrix Technologies IPO opens on August 27, 2024, and closes on August 30, 2024. Allotment of shares will be finalized on September 2, 2024, and the shares are expected to list on the NSE on September 4, 2024.

2. What is the price band for the Paramatrix Technologies IPO?
The price band for the IPO is set at ₹110 per share.

3. What is the minimum application amount for the Paramatrix Technologies IPO?
The minimum market lot for the IPO is 1,200 shares, requiring an application amount of ₹132,000.

4. How are the shares allocated in the Paramatrix Technologies IPO?
The allocation for the IPO is as follows:

  • Retail Investors: 50%
  • Qualified Institutional Buyers (QIBs): 0%
  • High Net-Worth Individuals (HNIs): 50%

5. What is the nature of the Paramatrix Technologies IPO?
The IPO is a Fixed Price Issue, where the price per share is set at ₹110.

6. What is the company’s financial performance?
For the fiscal year ending December 2023, Paramatrix Technologies reported a revenue of ₹21.49 crores, down from ₹33.32 crores in 2022. The profit for the same period was ₹2.96 crores, compared to ₹7.08 crores the previous year.

7. What should investors consider before applying for the IPO?
Given the financial performance of the company, it is recommended that investors consider applying for the IPO with a long-term investment perspective.

8. Where will the Paramatrix Technologies shares be listed?
The shares will be listed on the National Stock Exchange (NSE).

9. How can investors apply for the Paramatrix Technologies IPO?
Investors can apply through their brokers or online trading platforms that support IPO applications. Ensure that you have sufficient funds in your account for the minimum application amount of ₹132,000.

10. How can I check the status of my IPO application?
You can check the status of your IPO application on the registrar’s website or through your brokerage account once the allotment process is completed.



IPO Date: 27 August - 30 August - 2024

Price: ₹110
Lot Size: 1200 Shares
Allotment Date: 2-Sept-2024
Listing Date: 4-Sept-2024
IPO Size: Approx ₹33.84 Crores

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