Paramatrix Technologies Limited IPO
- IPO Date27 Aug, 2024 to 30 Aug, 2024
- Listing Date04 Sep, 2024
- Face Value₹10 per share
- Issue Price₹110 to ₹110 per share
- Lot Size1200 Shares
- Minimum Investment₹1,32,000
- Listing AtNSE SME
- Total Issue Size30,76,800 Shares
(aggregating up to ₹33.84 Cr) - Fresh Issue27,58,800 Shares
(aggregating up to ₹30.35 Cr)
- Offer for Sale3,18,000 Shares
(aggregating up to ₹3.50 Cr) - Issue TypeFixed Price Issue IPO
- Share holding pre issue87,50,000
- Shareholding post issue1,15,08,800
IPO Dates
Closing Date
30 Aug, 2024
Initiation of Refunds
03 Sep, 2024
Listing Date
04 Sep, 2024
27 Aug, 2024
Opening Date
02 Sep, 2024
Basis of Allotment
03 Sep, 2024
Credit of Shares
Paramatrix Technologies Limited Lot Size
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 | ₹1,32,000 |
| HNI (Min) | 2 | 2400 | ₹2,64,000 |
| Retail (Max) | 1 | 1200 | ₹1,32,000 |
Paramatrix Technologies Limited Promoter Holding
Mukesh Keshubhai Thumar and Bhavna Mukesh Keshubhai Thumar are the promoters of the Company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 75.46% | 54.77% |
Paramatrix Technologies Limited COMPANY INFORMATION
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.
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:
- Digital transformation services: Application Development and Maintenance (ADM), Solution Architecture and Design, Enterprise Data Management & Data Analytics, INSIGHT (Accelerator for Analytics, MIS & Reporting), PERFORM (Accelerator for Employee Performance Management), EPPM (Enterprise Framework to manage Allocation and Scheduling of Work), PACE (Middleware Framework for Centralized Control), ITCS (Accelerator for managing Employees Share Trading Compliance), DROANA (Virtual Classroom Platform), EVENTJET (Event log monitoring & Management Solution), BULWARK (Cloud Security Posture Assessment), and PLAYMITY (SaaS-based Gamification Platform).
- Managed services: Application Managed Services, Cyber Security Services, and Cloud & Data Support Services.
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 IPO: Should You Invest?
Introduction
Paramatrix Technologies Limited is opening its doors to investors with an IPO that aims to fund future growth and expansion. As a company specializing in IT solutions for financial services, this is an offering worth exploring, especially for those keen on tech stocks. Let's break down what this IPO entails, the advantages, and the potential downsides.
What Makes Paramatrix Technologies Limited Unique?
1. Niche Expertise in Financial IT Solutions
The company has carved out a niche by offering tailored software solutions for the Banking, Financial Services, and Insurance (BFSI) sector. Given the ongoing digital transformation in these areas, Paramatrix is well-positioned to benefit from this trend.
2. Strong Client Relationships
One of the strengths of Paramatrix Technologies is its long-standing relationships with major clients, many of whom operate in critical sectors like banking and finance. This ensures consistent revenue streams and repeat business.
Potential Risks to Consider
1. Competitive Market
Despite its strengths, Paramatrix Technologies operates in a highly competitive environment. Larger firms with deeper pockets pose a significant threat, especially when it comes to winning larger contracts.
2. Revenue Dependency on Key Clients
Another point to consider is the company's revenue concentration. A large portion of their earnings comes from a few key clients. Any loss of these clients could have a substantial impact on financial stability.
Financial Performance and Market Presence
1. Growth Potential vs. Volatility
While the IT sector offers growth potential, Paramatrix has shown mixed results in terms of consistent revenue growth. Investors should evaluate whether the volatility in earnings aligns with their risk appetite.
2. Limited Market Presence
Compared to more established IT companies, Paramatrix has a smaller market share and brand recognition, which could limit its ability to scale rapidly.
Conclusion
The Paramatrix Technologies Limited IPO presents both opportunities and risks. Investors with an appetite for niche tech companies, especially those catering to financial services, may find this offer appealing. However, the competitive landscape and revenue concentration are factors to weigh carefully before making a decision.
FAQs About Paramatrix Technologies Limited Ipo
Paramatrix Technologies Limited IPO will open on 27 Aug, 2024 and close on 30 Aug, 2024. Investors must apply within this period to participate.
The Paramatrix Technologies Limited IPO price band is set between ₹110.00 and ₹110.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹132000.00.
The Paramatrix Technologies Limited IPO shares are expected to be listed on 04 Sep, 2024, subject to regulatory approvals and final allotment.
You can track your Paramatrix Technologies Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Paramatrix Technologies Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.