Paramatrix Technologies is scheduled to hit the market on August 27, 2024 and close on August 30, 2024. Paramatrix Technologies plans to raise around ₹33.84 Cr through an IPO with a sale of up to 3,076,800 equity shares of ₹10 each. The Retail offered 50%, Other Shares Offered 50%.
Paramatrix Technologies Limited, founded in 2004, specializes in providing software applications and technology solutions tailored for large and medium-sized enterprises. Their offerings include a wide array of digital transformation services such as Application Development and Maintenance (ADM), Solution Architecture and Design, Enterprise Data Management, and Data Analytics. Notable accelerators include INSIGHT for analytics and reporting, PERFORM for employee performance management, and various platforms for specific needs, such as DROANA for virtual classrooms and BULWARK for cloud security assessments.
In addition to digital transformation, Paramatrix also offers managed services that encompass Application Managed Services, Cyber Security Services, and Cloud & Data Support Services. The company serves a diverse clientele across sectors including BFSI, retail, manufacturing, sports, pharmaceuticals, and logistics. As of March 31, 2024, Paramatrix had a team of 182 employees dedicated to delivering innovative solutions to meet client needs.
Paramatrix Technologies IPO Details
Paramatrix Technologies IPO opens on August 27, 2024, and closes on August 30, 2024. The Listing date for Paramatrix Technologies IPO is on September 4, 2024. The price band for IPO is ₹110 per share and lot size of 1200 Shares.
| IPO Date | August 27, 2024 to August 30, 2024 |
| Listing Date | September 4, 2024 |
| Price | ₹110 per share |
| Lot Size | 1200 Shares |
| Issue Size | ₹33.84 Cr |
| Face Value | ₹10 per share |
Paramatrix Technologies IPO Tentative Timetable
Paramatrix Technologies opening date is August 27, 2024 and close date is August 30, 2024. The IPO allotment date is September 2, 2024. Therefund initiation of IPO is on September 3, 2024. The credit of shares in demat account is on September 3, 2024. The listing date is on September 4, 2024.
| Event | Date |
|---|---|
| IPO Opening | August 27, 2024 |
| IPO Closing | August 30, 2024 |
| IPO Allotment Date | September 2, 2024 |
| Refund Initiation | September 3, 2024 |
| Shares Credit to Demat | September 3, 2024 |
| Lisiting Date | September 4, 2024 |
Paramatrix Technologies IPO Lot Size
Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹132,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1200 | ₹132,000 |
| Retail(Maximum) | 1 | 1200 | ₹132,000 |
| HNI (Minimum) | 2 | 2400 | ₹264,000 |
Paramatrix Technologies IPO Promoter Holding
| Pre Issue Share Holding | 75.46% |
| Post Issue Share Holding | 54.77% |
Paramatrix Technologies IPO Review
Paramatrix Technologies Ltd. (PTL) is an IT software services company that creates software applications and technology solutions for large companies and medium-sized businesses. They have expertise in various platforms like Microsoft .Net, Azure Cloud, AWS Cloud, and open-source technologies such as Java and Python. PTL serves clients in different sectors, including banking and finance, retail, manufacturing, sports, pharmaceuticals, and logistics. Their main services focus on digital transformation and managed services to improve efficiency and create value for their clients. As of July 2024, PTL has 209 employees and 7 contract consultants, showing they have a strong team for handling complex projects.
Financially, PTL's performance over the last three years has been mixed, with changes in revenue and falling profit margins. In FY22, the company reported a total income of ₹28.25 crore, which went up to ₹33.32 crore in FY23 but then slightly decreased to ₹28.60 crore in FY24. Net profits also fell from ₹6.79 crore in FY22 to ₹4.13 crore in FY24, indicating challenges in maintaining profitability in a competitive market. The average earnings per share (EPS) over these years was ₹6.35, with an average Return on Net Worth (RoNW) of 19.31%. These numbers show that PTL is facing difficulties in achieving growth and profit in a challenging market.
Now, the company is launching its first IPO to raise ₹33.85 crore by offering 30,76,800 equity shares at a fixed price of ₹110 per share. The money raised will be used for infrastructure investments, improving services, and expanding into the Middle East and East Asia. However, the IPO is priced at a Price-to-Earnings (P/E) ratio of 30.64 based on FY24 earnings, which seems high considering the company's inconsistent financial performance. While PTL has a strong technological base and a variety of services, the combination of high valuation and recent financial issues makes this IPO a cautious option. Investors who understand market dynamics may consider a moderate investment for the medium term but should keep in mind the risks related to the company’s performance.
Paramatrix Technologies IPO Subscription Status (Bidding Details)
Table not foundParamatrix Technologies IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Paramatrix Technologies IPO FAQs
What is Paramatrix Technologies IPO?
Paramatrix Technologies is issuing 3,076,800 equity shares with a face value of ₹10 each, totaling up to ₹33.84 Cr. The shares are being offered at a price of ₹110 each, with a minimum order quantity of 1200 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Paramatrix Technologies IPO will open?
Paramatrix Technologies will open on August 27, 2024 for QIB, NII, and Retail Investors.
When Paramatrix Technologies IPO will end?
Paramatrix Technologies will end on August 30, 2024.
What is Paramatrix Technologies IPO Size?
Paramatrix Technologies IPO size is ₹33.84 Cr.
What is Paramatrix Technologies IPO Price Band?
Paramatrix Technologies price band is ₹110 per share.
What is the Paramatrix Technologies IPO Allotment Date?
Paramatrix Technologies allotment date is September 2, 2024.
What is the Paramatrix Technologies IPO Listing Date?
Paramatrix Technologies listing date is September 4, 2024. The IPO is to be listed on BSE and NSE.
How to Paramatrix Technologies IPO through Zerodha?
To apply for the IPO “Paramatrix Technologies” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Paramatrix Technologies IPO through Upstox?
To apply for the IPO “Paramatrix Technologies” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Paramatrix Technologies IPO Allotment Status?
For Paramatrix Technologies IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Paramatrix Technologies IPO GMP?
You can check out here: Paramatrix Technologies IPO GMP. Check all IPO GMP here.