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Paramatrix Technologies IPO is a fixed price issue of Rs 33.84 crores. The issue is a combination of fresh issue of 27.59 lakh shares aggregating to Rs 30.35 crores and offer for sale of 3.18 lakh shares aggregating to Rs 3.50 crores.
Paramatrix Technologies IPO opens for subscription on August 27, 2024 and closes on August 30, 2024. The allotment for the Paramatrix Technologies IPO is expected to be finalized on Monday, September 2, 2024. Paramatrix Technologies IPO will list on NSE SME with tentative listing date fixed as Wednesday, September 4, 2024.
Paramatrix Technologies IPO price is ₹110 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹132,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹264,000.
Inventure Merchant Banker Services Pvt Ltd is the book running lead manager of the Paramatrix Technologies IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Paramatrix Technologies IPO is Svcm Securities.
Refer to Paramatrix Technologies IPO RHP for detailed information.
| IPO Date | August 27, 2024 to August 30, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹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 |
| Share holding pre issue | 8,750,000 |
| Share holding post issue | 11,508,800 |
| Market Maker portion | 156,000 shares Svcm Securities |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Paramatrix Technologies IPO opens on August 27, 2024, and closes on August 30, 2024.
| 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 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹132,000 |
| Retail (Max) | 1 | 1200 | ₹132,000 |
| HNI (Min) | 2 | 2,400 | ₹264,000 |
| Lot Size Calculator | |||
Mukesh Keshubhai Thumar and Bhavna Mukesh Keshubhai Thumar are the promoters of the Company.
| Share Holding Pre Issue | 75.46% |
| Share Holding Post Issue | 54.77% |
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:
The company's client list includes the BFSI sector, retail, manufacturing, sports, pharma and logistics.
As of March 31, 2024, the company had 182 employees.
Paramatrix Technologies Limited's revenue decreased by -14% and profit after tax (PAT) dropped by -42% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 3,354.2 | 3,438.71 | 3,062.57 | |||||||||||||||||||||||||||
| Revenue | 2,859.93 | 3,332.44 | 2,824.66 | |||||||||||||||||||||||||||
| Profit After Tax | 413.17 | 707.56 | 678.94 | |||||||||||||||||||||||||||
| Net Worth | 3,030.25 | 2,996.5 | 2,464.27 | |||||||||||||||||||||||||||
| Reserves and Surplus | 2,155.25 | 2,961.55 | 2,429.27 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
The market capitalization of Paramatrix Technologies IPO is Rs 126.6 Cr.
KPI as of March 31, 2024.
| 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 |
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
[Dilip Davda] 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 medium term. Read detail review...
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Paramatrix Technologies IPO is a SME IPO of 3,076,800 equity shares of the face value of ₹10 aggregating up to ₹33.84 Crores. The issue is priced at ₹110 per share. The minimum order quantity is 1200 Shares.
The IPO opens on August 27, 2024, and closes on August 30, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Paramatrix Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Paramatrix Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Paramatrix Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Paramatrix Technologies IPO opens on August 27, 2024 and closes on August 30, 2024.
Paramatrix Technologies IPO lot size is 1200 Shares, and the minimum amount required is ₹132,000.
You can apply in Paramatrix Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Paramatrix Technologies IPO will be done on Monday, September 2, 2024, and the allotted shares will be credited to your demat account by Tuesday, September 3, 2024. Check the Paramatrix Technologies IPO allotment status.
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