Paramatrix Technologies Ltd IPO

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.

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50years

Paramatrix Technologies Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
₹ 30.77 L₹ 3.18 L₹ 14.6 L₹ 66.03 LNSETBA
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
27 Aug, 2430 Aug, 241200 TBA Fixed Price - SME04 Sep, 24

Paramatrix Technologies Ltd IPO Dates

  • 27 Aug 2024

    Opening date

  • 30 Aug 2024

    Closing date

  • 02 Sep 2024

    Basis of
    Allotment

  • 03 Sep 2024

    Initiation of
    Refunds

  • 03 Sep 2024

    Credit of
    Shares

  • 04 Sep 2024

    Listing date

Details

SectorType
SectorComputers - Software - Medium
Sub SectorSmall
Issue TypeFixed Price - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB0x0482400
NII6.01x14604008774400
Retail11.86x146040017318400
Employee0x00
Total8.64x307680026575200

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Paramatrix Technologies Ltd Financial Status

Income Statement

Balance Sheet

About Paramatrix Technologies Ltd

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.

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.

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.

Peer Comparison:

  • All E Technologies Ltd
  • Softsol India Ltd
  • Ksolves India Ltd

Paramatrix Technologies Ltd IPO Key Points

Strengths

  • 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.

Risk

  • 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.

Strategy

  • Global Business Strategy.
  • Positioning and Marketing Strategy.
  • Customer Account Retention and Growth Strategy.
  • 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.

How To Apply for Paramatrix Technologies Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

Paramatrix Technologies Ltd's IPO offers shares for up to ₹ 0 L It begins on Aug 27, 2024 and ends on Aug 30, 2024.

The price of Paramatrix Technologies Ltd IPO ranges between NA to NA per share.

The Paramatrix Technologies Ltd IPO opens on Aug 27, 2024 and closes on Aug 30, 2024.

The allotment for the Paramatrix Technologies Ltd IPO will be finalised on Sep 2, 2024. The shares will be listed on BSE and NSE on Sep 4, 2024.

The minimum lot size for Paramatrix Technologies Ltd IPO is 1200 shares, priced between NA to NA per share.

The GMP (Grey Market Premium) of Paramatrix Technologies Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Paramatrix Technologies Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Paramatrix Technologies Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Aug 27, 2024, and closes on Aug 30, 2024. The allotment is finalised on Sep 2, 2024.

To apply for the Paramatrix Technologies Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.