Matrix Geo Solutions Limited IPO Review
Neutral98-98 · SME
✦
Analyst Verdict
Matrix Geo Solutions Limited IPO
Neutral
IPO at a Glance
Price Band
98-98
Issue Size
40cr
Min. Investment
₹1,17,600
Opens
2025-09-21
Closes
2025-09-23
Listing
2025-09-28
Category
SME
Key Strengths
✓DGCA-authorised Remote Pilot Training Organisation with certified training programs
✓Comprehensive service portfolio from drone surveys to geospatial consulting and training
✓Advanced technology stack including LiDAR, satellite imagery and drone-based solutions
✓Strong financial performance with consistent revenue growth and improving profitability margins
Key Risks
⚠High dependence on limited number of customers with top 10 customers contributing 83.79% of revenue
⚠Drone operations suspended during monsoon seasons impacting revenue generation capabilities
⚠Heavy reliance on third-party suppliers with top 5 suppliers contributing 89.99% of purchase
⚠Highly regulated business requiring compliance with DGCA and other regulatory requirements
Frequently Asked Questions
Should I apply for Matrix Geo Solutions Limited IPO?
Based on our analysis, our rating for Matrix Geo Solutions Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of Matrix Geo Solutions Limited IPO?
High dependence on limited number of customers with top 10 customers contributing 83.79% of revenue Drone operations suspended during monsoon seasons impacting revenue generation capabilities Heavy reliance on third-party suppliers with top 5 suppliers contributing 89.99% of purchase
What are the strengths of Matrix Geo Solutions Limited IPO?
DGCA-authorised Remote Pilot Training Organisation with certified training programs Comprehensive service portfolio from drone surveys to geospatial consulting and training Advanced technology stack including LiDAR, satellite imagery and drone-based solutions
What is the price band of Matrix Geo Solutions Limited IPO?
The price band for Matrix Geo Solutions Limited IPO is 98-98. The IPO has closed.
Full Analysis Available
Financials, DRHP breakdown, peer comparison, shareholding pattern & more