Paramatrix Technologies Limited is coming up with an IPO worth INR 33.84 crores, consisting of a fresh issue of 27,58,800 shares worth INR 30.35 crores and an offer to sell 3,18,000 shares worth INR 3.50 crores. The company aims to expand infrastructure, enhance services, explore new markets, and support corporate needs.
Paramatrix Technologies IPO – Important Dates
| Paramatrix Technologies Limited IPO Date | August 27, 2024 to August 30, 2024 |
| Paramatrix Technologies Limited IPO Listing Date | September 4, 2024 |
| Paramatrix Technologies Limited IPO Price | INR 110 per share |
| Paramatrix Technologies Limited IPO Lot Size | 1200 Shares |
| Paramatrix Technologies Limited IPO Total Issue Size | INR 33.84 crores |
| Paramatrix Technologies Limited IPO Basis of Allotment | September 2, 2024 |
| Paramatrix Technologies Limited IPO Initiation of Refunds | September 3, 2024 |
| Paramatrix Technologies Limited IPO Credit of Shares to Demat | September 3, 2024 |
| Paramatrix Technologies Limited IPO Issue Type | Fixed Price Issue IPO |
| Paramatrix Technologies Limited IPO Listing At | NSE, SME |
Paramatrix Technologies Limited IPO – Company Profile
Paramatrix Technologies Limited, established in 2004 and based in Mumbai, is an ISO-certified IT software services company specializing in creating tailored software applications and technology solutions that enhance operational efficiency and add value for large and mid-size businesses.
With a focus on Digital Transformation and Managed Services, the company serves BFSI, Retail, and Manufacturing sectors, leveraging advanced technologies to deliver customized software solutions and successfully execute projects across diverse platforms.
Offering a range of Digital Transformation and Managed Services, it specializes in application development, data management, cybersecurity, and innovative accelerators like INSIGHT, PERFORM, and PACE to enhance enterprise efficiency and operational control.
Paramatrix Technologies Ltd IPO Fundamental Analysis
Paramatrix Technologies Limited’s financial analysis reveals a mixed performance. Revenue slightly increased, but declining profitability, EPS, and RoNW indicate challenges despite equity and total assets growth, suggesting potential expansion.
- Revenue Trend: The revenue increased from ₹2,732.71 lakh in March 2022 to ₹2,836.48 lakh in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 2,799.48 lakh.
- Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion.
- Profitability: The profit after tax (PAT) has decreased from ₹678.94 lakh in March 2022 to ₹413.17 lakh by March 2024. The decline in profitability could be a source of concern for investors.
- Earnings per Share (EPS): The diluted EPS has also decreased from ₹7.76 in March 2022 to ₹4.72 by March 2024, reflecting lower earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has reduced from 27.55% to 13.69%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth.
Paramatrix Technologies IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakh) | 2,732.71 | 2,836.48 | 2,799.48 |
| Equity (₹ in lakh) | 2,464.27 | 2,996.55 | 3,030.25 |
| Expenses (₹ in lakh) | 1,860.30 | 2,358.80 | 2,294.90 |
| Profit and Loss After Tax (₹ in lakh) | 678.94 | 707.56 | 413.17 |
| RoNW (%) | 27.55 | 23.61 | 13.69 |
| NAV per Equity Share (₹) | 28.16 | 34.25 | 34.63 |
| Diluted EPS only (₹) | 7.76 | 8.09 | 4.72 |
| Total Assets (in lakhs) | 3,062.57 | 3,438.71 | 3,354.20 |
| Total Liabilities (in lakhs) | 598.3 | 442.12 | 323.95 |
Paramatrix Technologies Limited IPO Peer Comparison
Paramatrix Technologies Limited has a lower share price, earnings per share, and return on net worth compared to competitors like K Solves India Limited, which shows more robust financial metrics and higher market valuation.
| Company | Revenue from Operations (₹ in million) | Face Value per Equity Share (₹) | P/E | EPS (₹) | RoNW (%) | NAV per Equity Share (Basic) (₹) |
| Paramatrix Technologies Limited | 28.60 | 10 | 23.31 | 4.72 | 13.63 | 34.63 |
| All E Technologies Limited | 123.65 | 10 | 44.31 | 9.75 | 16.55 | 58.88 |
| Softsol India Limited | 83.55 | 10 | 40.57 | 7.38 | 6.21 | 118.85 |
| K Solves India Limited | 108.98 | 10 | 35.30 | 28.81 | 143.31 | 20.10 |
Paramatrix Technologies Ltd IPO Objective
Paramatrix Technologies Limited’s main objectives are to focus on capital expenditures for Infrastructure, invest in accelerators to improve services, and expand geographically into the Middle East and East Asia.
- Capital Expenditure for Building Their Infrastructure (200-Seater Rental Development Center): The company intends to utilize INR 9.40 crores for expanding its office infrastructure, including modernizing workspaces, upgrading technology, and acquiring essential equipment to enhance service delivery and support growth.
- Investment in their suite of accelerators to enhance the service offerings: The company plans to utilize INR 6.53 crores to advance accelerators like PLAYMITY and BULWARK, invest in R&D, and hire skilled personnel through Click IT Consultancy, with fees based on annual gross remuneration.
- Geographical Expansion in the Middle East and East Asia: The company aims to utilize INR 6.15 crores over two years to build a dynamic sales team, invest in marketing, incentivize performance, and cover travel expenses, supporting global expansion into East Asia and the Middle East.
- General Corporate Purposes: The company plans to use the net proceeds for general corporate purposes, including funding growth opportunities, strategic initiatives, marketing, brand development, and facility expansion, with flexibility in allocation as approved by the Board.
Paramatrix Technologies Limited IPO Risks And Challenges
Paramatrix Technologies Limited’s risk includes potential lease disputes, cost overruns, delays in the Navi Mumbai development centre, cost increases, and service issues that could impact accelerator and international expansion plans and affect financial stability.
- The company plans to invest ₹9.40 crores in a new development centre in Navi Mumbai. Risks include potential lease disputes, cost overruns, and delays in setting up the centre, which could impact financial stability and growth.
- Over the next two years, the company plans to invest ₹6.53 crores in accelerator development and personnel through Click IT Consultancy. Risks include potential cost increases, delays, and service discontinuation, which may impact financial stability and growth.
- The company plans to use ₹6.15 crores to expand into East Asia and the Middle East, setting up a sales team through Click IT Consultancy. Risks include potential cost increases and delays that could impact growth and financial stability.
Paramatrix Technologies Ltd IPO – Industry & Market Potential
India’s IT spending is set to reach $124.6 billion in 2024, driven by a 10.7% increase. While AI and automation investments will grow, significant impacts from generative AI will only emerge in 2025.
The IT industry in India, crucial for the nation’s trillion-dollar digital economy goal, added 290,000 jobs in FY23. Driven by digital adoption, cloud computing, and AI, its market continues to expand across various sectors.
India, a top offshoring destination, will see its IT industry grow to $19.93 billion by 2025. With IT spending reaching $144 billion in 2023, widespread cloud use by 2026 could add $380 billion to GDP and create 14 million jobs.
Paramatrix Technologies SME IPO – Type of Offer
Paramatrix Technologies Limited plans a fresh issue of shares, seeking INR 30.35 crores for capital expenditure, accelerator investment, geographical expansion, and general corporate purposes. Additionally, the company proposes an offer for sale, intending to sell 3.18 lakh existing shares.
- Fresh Issue: The company will issue new shares to raise capital, aiming to collect INR 30.35 crores. The company intends to utilize the proceeds from the fresh issue for capital expenditure, accelerator investment, geographical expansion, and general corporate purposes.
- Offer for sale: Paramatrix Technologies Limited is offering to sell 3.18 lakhs of existing shares. The following are the details of the existing shareholders who are also the promoters selling the shares:
| Name of the promoter selling shareholder | Maximum number of offered shares for sale (in millions) |
| MUKESH KESHUBHAI THUMAR | 3,00,000 |
Paramatrix Technologies IPO Offer Size
The offer size of Paramatrix Technologies Limited is INR 33.84 crores, consisting of a fresh issue of 27,58,800 shares worth INR 30.35 crores and an offer to sell 3,18,000 shares worth INR 3.50 crores. The company aims to expand Infrastructure, enhance services, explore new markets, and support corporate needs.
Paramatrix Technologies Limited IPO Allotment Structure
Paramatrix Technologies Limited’s IPO allotment structure includes a Retail Individual Investors (RII) category with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 156,000 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
- Market Makers Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 156,000 shares for this purpose.
How to apply for the Paramatrix Technologies IPO?
To apply for the Paramatrix Technologies Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Paramatrix Technologies Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Paramatrix Technologies Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Paramatrix Technologies IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Paramatrix Technologies Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Paramatrix Technologies Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Paramatrix Technologies Limited IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Paramatrix Technologies Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Paramatrix Technologies Ltd IPO Offer Registrar
The registrar for the Paramatrix Technologies Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Mahakali Caves Road, Next to Ahura Centre,
Andheri East, Mumbai – 400 093, Maharashtra, India
Tel. No.: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Paramatrix Technologies IPO – FAQs
1. What is the allotment date of the Paramatrix Technologies IPO?
The allotment date of the Paramatrix Technologies Limited IPO is September 2, 2024.
2. What is the price band of the Paramatrix Technologies IPO?
The price band of the issue is INR 110 per share.
3. What is the size of the Paramatrix Technologies IPO?
The offer size of Paramatrix Technologies Limited is INR 33.84 crores, consisting of a fresh issue of 27,58,800 shares worth INR 30.35 crores and an offer to sell 3,18,000 shares worth INR 3.50 crores. The company aims to expand Infrastructure, enhance services, explore new markets, and support corporate needs.
4. What is the listing date of the Paramatrix Technologies IPO?
The listing date of Paramatrix Technologies Limited’s IPO is September 4, 2024.
