Paramatrix Technologies Ltd. logo

Paramatrix Technologies was incorporated on March 08, 2004. The company is an IT Software Services company focusing on making software applications and technology solutions for large enterprises and mid-size businesses.

Bidding Dates
27 Aug 2024 - 30 Aug 2024
Subscription
8.64x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue PricePost Issue Promoter Holding %Issue SizeIPO Document
₹132,0001112003.1 M₹11054.76 %₹338.4 MRHP DOC

Paramatrix Tech IPO SUBSCRIPTION STATUS

30 Aug '24
Total8.64x
Retail Individual Investor11.26x
HNI (NII) Investors6.02x
Qualified Institutional Buyers-

Paramatrix Tech IPO overall subscription rate was 8.64 times the total available shares

Paramatrix Tech IPO retail subscription rate was 11.26 times in the retail segment

Paramatrix Tech IPO non-institutional investor subscription rate was 6.02 times in the non-institutional investor category

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation50%50%-
30 Aug 2024
(Day 4)
11.26x6.02x-
29 Aug 2024
(Day 3)
5.73x1.66x-
28 Aug 2024
(Day 2)
3.46x1.09x-
27 Aug 2024
(Day 1)
1.49x0.42x-

Paramatrix Tech FINANCIALS

Period Net Profit (Rs in millions) Revenue from Operations (Rs in millions) Cash Flow from Operations (Rs in millions) Free Cash Flow (Rs in millions) Margins
FY24 41.3 279.9 35.2 13.4 19.8%
FY23 70.8 283.6 11.7 97.2 29.2%
FY22 67.9 273.3 88.7 88.7 34.1%

Paramatrix Tech IPO SUBSCRIPTION STATUS DETAILS

Paramatrix Tech had 3.1 M shares on offer

Paramatrix Tech IPO offer price was ₹110

Paramatrix Tech IPO minimum Investment was ₹132000

Paramatrix Tech IPO issue size was ₹ 338.4 M

Paramatrix Tech had a minimum lot size of 1200 Shares per application

Paramatrix Tech NUMBER OF SHARES ON OFFER

Total3.1 M
Fresh Issue2.8 M
Offer for Sale318.0 K
Post Issue Promoter Holding %54.76 %

Paramatrix Tech IPO IMPORTANT DATES

Issue Open Date27 Aug 2024
Issue close Date30 Aug 2024
Allotment Date02 Sep 2024
Refund Date03 Sep 2024
Demat Account Credit Date03 Sep 2024
Listing Date04 Sep 2024
Listing on Exchange(s)NSE
Paramatrix Tech Allotment StatusExchange

Paramatrix Tech IPO subscription opened on 27 Aug 2024, and closed on 30 Aug 2024

IPO allotment for Paramatrix Tech was finalized on Monday, 02 Sep 2024

IPO listing for Paramatrix Tech was on NSE on Wednesday, 04 Sep 2024

Paramatrix Tech IPO LISTING GAINS

Issue Price (adjusted)110.0
Listing Open Price115.0
Listing Close Price120.8
Listing Gain%4.6%
Current Gain%-49.1%

Paramatrix Tech Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Paramatrix Technologies Ltd.5664.424.7-0.524.13.132.642.6-54.72.3-54.7
Tata Consultancy Services Ltd.2075750753.215.114.12.745.9272714234.7492101.4137.61.1
Infosys Ltd.1035420031.613.91.32.331.718.91829729.82944010.274.611.1
HCL Technologies Ltd.1243.1337335.719.47.42.522.114.313167410.216642-4.364.22.6
Wipro Ltd.159.4157840.111.9-6.61.7159.396497.73.813197.40.513.3-1.8
Tech Mahindra Ltd.1533150258.429.32.22.516.29.756847.35.64810.913.252.413.1

Paramatrix Tech INFORMATION ON IPO ISSUE

About Paramatrix Tech

Paramatrix Technologies was incorporated on March 08, 2004. The company is an IT Software Services company focusing on making software applications and technology solutions for large enterprises and mid-size businesses.

Object of the Issue

  • Capital expenditure for building the company's infrastructure.
  • Investment in suite of accelerators to enhance its service offerings.
  • Geographical expansion in Middle East and East Asia.
  • General corporate purposes.

Paramatrix Tech - PROMOTERS

Name
Mukesh Keshubhai Thumar
Bhavna Mukesh Thumar
Kalpana Struct Con Private Limited
Kalpana Struct-Con Infra LLP
M K Thumar HUF

Paramatrix Tech Lead Manager to the Issue

Inventure Merchant Banker Services Private Limited

compliance@inventuremerchantbanker.com

Paramatrix Tech Registrar to the issue

Bigshare Services Private Limited

ipo@bigshareonline.com

Paramatrix Tech Strengths

Quality Certifications

Paramatrix Technologies holds certifications like ISO 9001:2015 and ISO 27001:2013, which are required for meeting international quality and security standards

Strength

Faster and efficient development of Digital Applications

The company uses its ‘PACE’ (Paramatrix Application Core Engine) framework to build and deploy digital applications much faster. Using this rapid application development framework as an accelerator, Paramatrix can deliver Digital Application Development projects with savings of 20 to 60% in time and money depending on the project scale

Strength

Paramatrix Tech Risks

Legal proceedings

The company, promoters, and directors are involved in certain legal proceedings and potential litigations. Any adverse decision in such proceedings may render the company liable to penalties

Risk

High working capital requirements

Company's business requires significant amount of working capital and major portion of its working capital is utilized towards credit offered to the customers and payment of salaries to employees

Risk

IPO FAQs

  • This IPO consists of an offer for sale of up to Rs 3.5 crore, of 318,000 shares. It also consists of a fresh issue of Rs 30.4 crore.
  • The promoters of the company are Mukesh Keshubhai Thumar, Bhavna Mukesh Thumar, Kalpana Struct Con Private Limited, Kalpana Struct-Con Infra LLP and M K Thumar HUF.
  • The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
  • The price band of the IPO is Rs 110.0 - 110.0.
  • The IPO application opens on Aug 27, 2024 and closes on Aug 30, 2024.
  • The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
  • For all category investors, the minimum application amount for this IPO is Rs. 132,000.0, the maximum value for this IPO is Rs 132,000.0.
  • This IPO will be allotted on Sep 02, 2024.
  • The refund will be credited to your account on Sep 03, 2024.
  • The allotted shares will be credited to your demat on Sep 03, 2024.
  • Paramatrix Technologies Ltd.’s shares listed on the stock exchanges on Sep 04, 2024.