Paramatrix Technologies IPO
#1. Quick Intro to Paramatrix Technologies IPO
The initial public offering (IPO) of Paramatrix Technologies will open for subscription on August 27 and close on August 30, comprising issues of Rs.33.84 crore. An investor can apply for the issue for a minimum of 1200 shares and the listing will happen on September 04, 2024.
Paramatrix Technologies Limited (2004) is an IT Software Services Company, focusing on making software applications and technology solutions for large enterprises and mid-size businesses. The core competency lies in understanding our client’s unique business processes, culture and requirements across diverse industry segments and creating software applications and technology solutions, which work as an accelerator to enhance their operational efficiency and foster increased value production
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Paramatrix Technologies
The company intends to use the IPO Funds for the following purposes:
- To meet the capital expenditure for building the infrastructure
- Geographical expansion in the Middle East and East Asia.
- Funding to meet the working capital requirement of the company
- General corporate purposes and issue expenses.
#3. Paramatrix Technologies Core Strengths
- Understanding and catering to clients’ unique news
- Meaningful collaboration with clients and partners
- maintaining reasonable turnaround time
#4. Paramatrix Technologies IPO Review & Rating
| Issue Size | Rs.33.84 crore |
| Issue Price | Rs.110 per share |
| Minimum Lot Size | 1200 Shares |
| Total Profit (Latest) | Rs.2859.93 Lakhs |
| ROE (%) | 13.63 |
| RONW (%) | 17.29 |
| Listing on | NSE (SME) |
| IPO Deliver Rating | Two |
#5. Paramatrix Technologies IPO Dates, Price Band & Details
Paramatrix Technologies IPO will open on August 27, 2024, and close on August 29, 2024. The IPO is to be listed on September 04, 2024.
| Type of issue | Fixed Price Issue IPO |
| Issue Size | Rs.33.84 crore |
| Price Brand | Rs.110 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | August 27, 2024 |
| IPO Close Date | August 30, 2024 |
| IPO Allotment Date | September 02, 2024 |
| Refund Date | September 03, 2024 |
| Share Credit Date | September 03, 2024 |
| Listing Date | September 04, 2024 |
#6. Paramatrix Technologies IPO Offer Details
Paramatrix Technologies IPO’s total issue size is 30,76,800 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 27,58,800 | Rs.30.35 |
| Offer for Sale (OFS) | 31,8000 | Rs.3.50 |
#7. Paramatrix Technologies Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.
| Category (Rs.) | March 2024 | March 2023 | March 2022 |
| Total Revenue | 2895.93 | 3332.44 | 2824.66 |
| Net Worth | – | – | – |
| Profit | 413.17 | 707.56 | 678.94 |
| Total Borrowings | – | – | – |
#8. Paramatrix Technologies Quantitative Factors
The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.
| Category | March 2024 | March 2023 | March 2022 |
| EPS (Rs.) | 4.72 | 8.09 | 7.76 |
| RoNW (%) | 13.69 | 23.61 | 27.55 |
| NAV (Rs.) | 34.63 | – | – |
#9. Paramatrix Technologies Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(In Lakhs) |
RoNW (%) | NAV |
| Softsol India | 83.55 | 6.21 | 118.85 |
| K Solves India | 108.98 | 143.31 | 20.10 |
#10. Paramatrix Technologies Company Promoters
The company has two promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Mukesh Keshubhai Thumar |
| 02. | Bhavna Mukesh Thumar |
#11. Paramatrix Technologies Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 75.46 |
| Post-issue | 54.77 |
Click here for previous SME IPO
#12. Paramatrix Technologies IPO Reservation Details
Paramatrix Technologies IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| QIB/others Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 50% of the Net Offer |
| NII Shares Offered | – |
#13. Paramatrix Technologies IPO – Lot Size
An investor can apply for a minimum of 1200 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 1200 | 1,32,000 |
| Retail (Max.) | 1 | 1200 | 1,32,000 |
| HNI (Min.) | 2 | 2400 | 2,64,000 |
#14. Paramatrix Technologies IPO – Prospectus Copy
An investor can download/view the Paramatrix Technologies prospectus copy, which the company filed to exchange, details are as follows.
| Paramatrix Technologies IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Paramatrix Technologies IPO Registrar
Bigshare Services Limited
Website: www.bigshareonline.com
#16. Paramatrix Technologies IPO Lead Managers
Inventure Merchant Banker Services Private Limited
Website: www.inventuremerchantbankerin
#17. Paramatrix Technologies IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Paramatrix Technologies IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Paramatrix Technologies Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Paramatrix Technologies Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Paramatrix Technologies Company Details
Paramatrix Technologies Limited
Registered Office: E-102, 1st Floor, Sanpada Railway Station Complex, Sanpada, Navi Mumbai – 400705, Maharashtra, India
Email: cs@paramatrix.com
Website: www.paramatrix.com
#19. Paramatrix Technologies Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Paramatrix Technologies Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Mukesh Keshubhai Thumar |
| 02. | Bhavna Mukesh Thumar |
Paramatrix Technologies IPO – Frequently Asked Questions (FAQs)
| #1. What is a Paramatrix Technologies IPO?
Paramatrix Technologies brings its IPO of Rs.33.84 crore, on August 27, 2024, with a price band of Rs.110 per share. |
| #2. What is the Paramatrix Technologies IPO Open date?
Paramatrix Technologies IPO’s opening date is August 27, 2024. |
| #3. What is the Paramatrix Technologies IPO Close Date?
Paramatrix Technologies IPO’s closing date is August 29, 2024. |
| #4. What is the Paramatrix Technologies IPO Listing date?
Paramatrix Technologies IPO listing date is September 04, 2024. |
| #5. What is the Paramatrix Technologies IPO Minimum investment amount?
Paramatrix Technologies IPO’s minimum investment amount is Rs.1,32,000 |
| #6. What is the Paramatrix Technologies IPO offer issue Size?
Paramatrix Technologies offers an issue size of Rs.33.84 crore. |
| #7. What is the Paramatrix Technologies IPO Price Band?
Paramatrix Technologies’s IPO price band is Rs.110 per share. |
| #8. Is Paramatrix Technologies IPO mainboard IPO or SME IPO?
Paramatrix Technologies IPO is an SME IPO. |
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