Paramatrix Technologies Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹110
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,32,000
Issue Size
₹33.84 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50%
QIB Quota
0%
NII Quota
50%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Paramatrix Technologies Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
75.46%
Promoter Holding (Post-Issue)
54.77%
Issue Type
Fixed Price - SME
ISIN
INE0S2W01018
About the Company
Located in Mumbai, established in 2004, Paramatrix Technologies Limited (formerly known as Paramatrix Technologies Private Limited) is a ISO 9001:2015 and ISO 27001:2013 certified company. We are a IT Software Services Company, focusing on making software applications and technology solutions for large enterprises and mid-size businesses. We have successfully served clients in BFSI sector, Retail, Manufacturing, Sports, Pharmaceuticals, and Logistics. Paramatrix, backed by its promoters and employees, possesses extensive knowledge and expertise in Digital Transformation, development of software applications & implementation of technology solutions, covering various platforms and frameworks such as Microsoft.Net, Microsoft SQL, Microsoft Azure Cloud, AWS Cloud, Cross-Platform Mobile Application Development Technologies, Open-Source Technologies (Java, Python etc) and more. To serve customers better, Paramatrix has aligned and categorized Digital Transformation Services and Managed Services as its two focused service line pillars. With a unique blend of domain knowledge, technological expertise, and project management proficiency, we are well-equipped to execute projects successfully.
Industry Overview
The Information Technology (IT) industry stands as the driving force behind the contemporary digital era, orchestrating an unprecedented technological revolution that has permeated every facet of our daily lives. In this intricate tapestry of innovation, the IT sector encompasses a vast array of disciplines, ranging from hardware and software development to cutting-edge technologies like artificial intelligence, cloud computing, and the Internet of Things. At its core, the IT industry is the engine propelling the evolution of global economies, reshaping business paradigms, and redefining the parameters of human connectivity. In an era where the convergence of computing power, data analytics, and connectivity is reshaping the world, the IT industry is not merely a collection of companies; it is an ecosystem of ideas, creativity, and problem-solving. From the monumental strides in computational capabilities to the democratization of information through the internet, the industry has consistently redefined what is possible, setting the stage for the interconnected, data-driven world we inhabit today. While FY2022 was a year of milestones and resurgence-an outlier for the Indian technology industry, FY2023 has been the year of continued revenue growth with a focus on strengthening industry fundamentals and building on trust and competencies. The volatile global economic scenario and impending recession continues to support the demand for technology adoption and digital acceleration. Consequently, technology continues to be a strategic imperative that is a critical component of business innovation and transformation, as well as a source of improving operational and cost efficiencies. In FY2023, India's technology industry revenue including hardware is estimated to cross $245 Bn (8.4% y-o-y growth), an addition of $19 Bn over last year. Exports, at $194 Bn, are expected to grow at 9.4% in reported currency terms, and 11.4% in constant currency terms. Domestic technology sector is expected to reach $51 Bn, growing at 4.9% y-o-y. In rupee terms, domestic tech revenues is expecting a 13% y-o-y growth on the back of continued investments by enterprise and the government. The industry continues to be a net hirer, adding nearly 3 lakh employees, taking the total employee base to ~5.4 Mn (5.7% y-o-y growth), strengthening its position as the 'Digital Talent Nation' for the world.
Company History
Our Company was incorporated as Paramatrix Technologies Private Limited on March 08, 2004 under the Companies Act, 1956 with the Registrar of Companies, Maharashtra at Mumbai bearing Registration number 144890. The status of the Company was changed to public limited and the name of our Company was changed to Paramatrix Technologies Limited vide Special Resolution dated November 07, 2023 pursuant to conversion of the Company into public limited Company. The fresh certificate of incorporation consequent to conversion was issued on November 22, 2023 by the Registrar of Companies, Mumbai. The Corporate Identification Number of our Company is U72200MH2004PLC144890.
Growth Strategy
- Global Business Strategy.
- Positioning and Marketing Strategy.
- Customer Account Retention and Growth Strategy.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of up to 30,76,800 equity shares of Rs. 10 each ("Equity Shares") of Paramatrix Technologies Limited ("PTL" or the "Company") for cash at a price of Rs. 110 per equity share (the "Offer Price"), aggregating to Rs. 33.84 crores ("The Offer"). Comprising of a fresh issue of up to 27,58,800 equity shares aggregating to Rs. 30.34 crores by the company ("Fresh Issue") and an offer for sale of up to 3,18,000 equity shares by Mukesh Keshubhai Thumar and Mahesh Pandurang Goriwale ("The Selling Shareholders") aggregating to Rs. 3.50 crores ("Offer for Sale").of the offer, 1,56,000 equity shares aggregating to Rs. 1.72 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of 29,20,800 equity shares of face value of Rs. 10.00 each at an offer price of Rs. 110.00 per equity share aggregating to Rs. 32.13 crores is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute 26.73% and 25.38%, respectively of the post offer paid up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the offer price of Rs. 110.00 is 11.00 times of the face value.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Understanding and Catering to Client's Unique Needs.
- Meaningful Collaboration with Clients and Partners.
- Maintaining a Reasonable Turnaround Time.
- Quality Certifications.
- Trusted by Leading Brands Present Globally.
- The Company, Promoters, and Directors are involved in certain legal proceedings and potential litigations. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties which may adversely affect its business, financial condition and results of operations.
- If the company is unable to implement its growth strategy successfully, its results of operations and financial condition may be adversely affected.
- The success of its business and operational outcomes relies on the contracts we establish with its customers. Any violation of the terms within these contracts could have a negative impact on its business and operational results.
- Though, the company has entered into contracts/ master service agreements with its customers, its new business with them is on the basis of purchase orders for their new requirements, any loss of such customers could adversely impact its revenues and profitability.
- Its business operations are subject to high working capital requirements. Its inability to maintain an optimal level of working capital required for the company's business may impact its operations adversely.