Paramatrix Technologies IPO GMP grey market premium, review, Subscription, allotment, listing estimate @

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Table of Contents

What is the business of Paramatrix Technologies?

Located in Mumbai, established in 2004, Paramatrix Technologies Limited (formerly known as Paramatrix Technologies Private Limited) is an ISO 9001:2015 and ISO 27001:2013 certified company. It is a IT Software Services Company, focusing on making software applications and technology solutions for large enterprises and mid-size businesses. Its core competency lies in understanding its clients’ unique business processes, culture and their requirements across diverse industry segments and creating software applications and technology solutions, which works as an accelerators to enhance their operational efficiency and foster increased value production.

It has 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.

Get more information about the company @ https://www.paramatrix.com/

Who are the Promoters of Paramatrix Technologes IPO?

Mukesh Keshubhai Thumar and Bhavna Mukesh Keshubhai Thumar are the promoters of the Company.

What are the Objects of Paramatrix Technologies IPO?

The Offer comprises of fresh issue of shares and offer for sale

The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

1. Capital Expenditure for building Infrastructure;
2. Investment in suite of accelerators to enhance the service offerings;
3. Geographical expansion in the Middle East and East Asia; and
4. General Corporate Purposes

Paramatrix Technologies IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Paramatrix Technologies IPO Review

Located in Mumbai, established in 2004, Paramatrix Technologies Limited (formerly known as Paramatrix Technologies Private Limited) is an ISO 9001:2015 and ISO 27001:2013 certified company. It is a IT Software Services Company, focusing on making software applications and technology solutions for large enterprises and mid-size businesses.

Size:  Net size of the IPO is Rs.32.13 crore, comprising of 2920800 shares. The size of the IPO is not so large and due to strong fundamentals, huge oversubscription is possible.
Financial Snapshot: The company has strong topline and bottom-line during last 3 years.  Based on the published figures, the shares are offered at reasonable valuation and there is good scope for listing gains.
+ from fundamental angle: Apply
+ from grey market angle: ?

Quicklinks

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Paramatrix Technologies  IPO GMP today allotment, review?

Paramatrix Technologies  IPO GMP grey market premium

Paramatrix Technologies IPO FAQs

What is Paramatrix Technologies IPO?

This is a SME IPO of 3076800 equity shares of the face value of Rs. 10 aggregating up to Rs.33.84 Crores. The issue is priced at Rs.110 per share. The minimum order quantity is 1200 Shares.

When will Paramatrix Technologies IPO subscription open?

Paramatrix Technologies IPO opens on August 27, 2024, and closes on August 30, 2024.

What is the lot size of Paramatrix Technologies IPO?

Paramatrix Technologies IPO lot size is 1200 Shares, and the minimum amount required is Rs.132000

How to apply for Paramatrix Technologies IPO?

You can apply in Paramatrix Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is Paramatrix Technologies IPO allotment?

The finalization of Basis of Allotment for Paramatrix Technologies IPO will be done on September 02, 2024, and the allotted shares will be credited to your demat account by September 03, 2024.

When is Paramatrix Technologies IPO listing date?

Paramatrix Technologies IPO listing date is September 4, 2024.