Mumbai, Sept. 23 -- The initial public offer (IPO) of Matrix Geo Solutions received bids for 5,54,400 shares as against 27,74,400 shares on offer, as per NSE data as of 17:00 hours on Tuesday (23 September 2025). The issue was subscribed 0.20 times.

The issue opened for bidding on Tuesday (23 September 2025) and it will close on Thursday (25 September 2025). The price band of the IPO is fixed between Rs 98 to 104 per share. The minimum order quantity is 1,200 equity shares. The equity shares will list on NSE's SME platform.

The IPO comprises fresh issue of 43,40,000 equity shares. The promoter and promoter shareholding will dilute to 67.26% from 91.52% Pre-IPO.

About 2,13,600 equity shares will be reserved for subscription by market ma...