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20 Nov 2024
Paramatrix Technologies Limited IPO And Its GMP
Paramatrix Technologies Limited (formerly known as Paramatrix Technologies Private Limited) is an ISO 9001:2015 and ISO 27001:2013 certified company. Paramatrix Technologies Limited is an IT Software Services Company, focusing on making software applications and technology solutions for large enterprises and mid-size businesses. Their 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 accelerators to enhance their operational efficiency and foster increased value production.
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Their software applications and technology solutions (Accelerators) Services can be broadly categorized as:
- ● Digital Transformation Services
- ● Managed Services
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Total Issue Size:
₹33.84 crores
- ● Fresh Issue: 27.59 lakh shares, totalling ₹30.35 crores
- ● Offer for Sale (OFS): 3.18 lakh shares, totalling ₹3.50 crores
Subscription Dates: Opens on August 27, 2024, and closes on August 30, 2024.
Price Band: ₹110 per share (fixed price).
Minimum Lot Size: 1,200 shares.
Book Running Lead Manager: Inventure Merchant Banker Services Pvt Ltd
Registrar: Bigshare Services Pvt Ltd
Market Maker: Svcm Securities
WHAT IS GMP?
GMP stands for Grey Market Premium, and if you are planning your IPO then GMP plays an important role. A grey market is a place where stocks/shares get traded before getting officially listed on any stock exchange. The difference between the IPO price and the grey market price is known as GMP (grey market premium). GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges.
Paramatrix Technologies Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | 110.00 | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Paramatrix Technologies IPO Overview
| Detail | Description |
|---|---|
| IPO Date | August 27, 2024 to August 30, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹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 Svcm Securities |
Paramatrix Technologies IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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 |
| 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 |
Paramatrix Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹132,000 |
| Retail (Max) | 1 | 1200 | ₹132,000 |
| HNI (Min) | 2 | 2,400 | ₹264,000 |
Paramatrix Technologies IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Paramatrix Technologies IPO Promoter Holding
| Share Holding Pre Issue | 75.46% |
| Share Holding Post Issue | 54.77% |
Company & Financials
Paramatrix Technologies Limited was founded in 2004 and offers software applications and technology solutions for large and medium-sized companies.
The company's software applications and technology solutions (accelerators) can be broadly categorized as follows:
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Digital Transformation Services
- ● Application Development and Maintenance (ADM).
- ● Solution Architecture and Design.
- ● Enterprise Data Management & Data Analytics.
- ● INSIGHT (Accelerator for Analysis, MIS & Reporting).
- ● PERFORM (Accelerator for performance management of Employees).
- ● EPPM (Enterprise Framework to manage Allocation and Scheduling of Work).
- ● PACE (Middleware Framework for Centralized Control).
- ● ITCS (Accelerator for managing Employee's Share Trading Compliance).
- ● DROANA (Virtual Classroom Platform).
- ● EVENTJET (Event log monitoring & Management Solution).
- ● BULWARK (Cloud Security Posture Assessment).
- ● PLAYMITY (SaaS-based Gamification Platform).
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Managed Services
- ● Application Managed Services.
- ● Cyber Security Services.
- ● Cloud & Data Support Services.
Paramatrix Technologies Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 3,234.29 | 3,438.71 | 3,062.57 | 2,570.28 | ||||||||||||||||||||||||||||||||||||
| Revenue | 2,149.44 | 3,332.44 | 2,824.66 | 2,572.77 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 2,96,45,999.99 | 707.56 | 678.94 | 470.76 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 2,038.87 | 2,961.55 | 2,429.27 | 2,030.93 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 13.63% |
| ROCE | 17.29% |
| RoNW | 13.69% |
| PAT Margin (%) | 11 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.72 | 3.59 |
| P/E (x) | 23.3 | 30.64 |
Objectives of Paramatrix Technologies IPO
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objectives:
- 1. Capital Expenditure for Building Infrastructure.
- 2. Investment in a suite of accelerators to enhance the service offerings.
- 3. Geographical expansion in the Middle East and East Asia.
- 4. General Corporate Purposes.
Paramatrix Technologies IPO Review
The company is operating in a highly competitive and fragmented segment. It marked inconsistency in its top and bottom lines for the reported periods with declining margins. Based on FY24 earnings, the issue appears aggressively priced. Well-informed investors may park moderate funds for the medium term.
FAQs for Paramatrix Technologies IPO
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What is the Paramatrix Technologies IPO?
Paramatrix Technologies IPO is a SME IPO. The company is going to raise ₹33.84 Crores via IPO. The issue is priced at ₹110 per equity share. The IPO is to be listed on NSE.
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When will the Paramatrix Technologies IPO open for subscription?
The IPO is to open on August 27, 2024, for QIB, NII, and Retail Investors. The IPO will close on August 30, 2024.
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What is Paramatrix Technologies IPO Investors Portion?
The investors’ portion for QIB is 0%, NII is 50%, and Retail is 50%.
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What is Paramatrix Technologies Issue Size?
Paramatrix Technologies' issue size is ₹33.84 crores.
-
What is Paramatrix Technologies IPO Price Band?
Paramatrix Technologies IPO Price Band is ₹110.
-
What is Paramatrix Technologies IPO Lot Size?
The minimum bid is 1200 Shares with ₹132,000 amount.
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What is the Paramatrix Technologies IPO Allotment Date?
Paramatrix Technologies IPO allotment date is September 2, 2024.
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What is the Paramatrix Technologies IPO Listing Date?
Paramatrix Technologies IPO listing date is September 4, 2024. The IPO is to be listed on the NSE.
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What is the current GMP of the Paramatrix Technologies IPO?
The current GMP of Paramatrix Technologies is —.
RHP:
RHP of Paramatrix Technologies Limited IPO.
DRHP:
DRHP of Paramatrix Technologies Limited IPO.
-
What is the Paramatrix Technologies IPO?
Paramatrix Technologies IPO is a SME IPO. The company is going to raise ₹33.84 Crores via IPO. The issue is priced at ₹110 per equity share. The IPO is to be listed on NSE.
-
When will the Paramatrix Technologies IPO open for subscription?
The IPO is to open on August 27, 2024, for QIB, NII, and Retail Investors. The IPO will close on August 30, 2024.
-
What is Paramatrix Technologies IPO Investors Portion?
The investors’ portion for QIB is 0%, NII is 50%, and Retail is 50%.
-
What is Paramatrix Technologies Issue Size?
Paramatrix Technologies' issue size is ₹33.84 crores.
-
What is Paramatrix Technologies IPO Price Band?
Paramatrix Technologies IPO Price Band is ₹110.
-
What is Paramatrix Technologies IPO Lot Size?
The minimum bid is 1200 Shares with ₹132,000 amount.
-
What is the Paramatrix Technologies IPO Allotment Date?
Paramatrix Technologies IPO allotment date is September 2, 2024.
-
What is the Paramatrix Technologies IPO Listing Date?
Paramatrix Technologies IPO listing date is September 4, 2024. The IPO is to be listed on the NSE.
-
What is the current GMP of the Paramatrix Technologies IPO?
The current GMP of Paramatrix Technologies is —.
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