Mumbai, Sept. 30 -- The scrip was listed at Rs 103.90, almost matching the initial public offer (IPO) price. The stock is currently down 0.38% over its listing price.

The counter hit a high of Rs 103.90 and a low of Rs 99.10. About 13.93 lakh shares of the company changed hands at the counter.

Matrix Geo Solutions' IPO was subscribed 7.71 times. The issue opened for bidding on 23 September 2025 and it closed on 25 September 2025. The price of the IPO was fixed between Rs 98 to Rs 104 per share.

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

The company intends to utilize the net proceeds for purchase of new drones, purchase of survey equipme...