IPO Details
Bidding Dates
27 Aug '24 - 30 Aug '24
Minimum Investment
₹1,32,000/ 1 Lot ( 1200 Shares )
Price Range
₹110
Maximum Investment
₹1,32,000/ 1 Lot ( 1200 Shares )
Retail Discount
To be announced
Issue Size
₹33.84 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
Aug 27, 2024
IPO Close Date
Aug 30, 2024
Basis of Allotment
Sep 2, 2024
Initiation of Refunds
Sep 3, 2024
Credit of Shares to Demat
Sep 3, 2024
Listing Date
Sep 4, 2024
Cut-off time for UPI mandate confirmation
Aug 30, 2024
About Paramatrix Technologies Limited
Founded in 2004 and headquartered in Mumbai, Paramatrix Technologies Limited is a distinguished IT software services company. ISO 9001:2015 and ISO 27001:2013 certified, Paramatrix specialises in creating software applications and technology solutions tailored to the unique needs of large enterprises and mid-sized businesses.
The company has a strong track record of serving clients across various sectors, including BFSI, retail, manufacturing, sports, pharmaceuticals, and logistics. Paramatrix's expertise lies in understanding the specific business processes, cultures, and requirements of its clients, allowing it to deliver solutions that enhance operational efficiency and drive value.
Paramatrix’s offerings are divided into two main categories: Digital Transformation Services and Managed Services. Digital Transformation Services include Application Development and Maintenance (ADM), Solution Architecture and Design, Enterprise Data Management & Analytics, and several specialised accelerators like INSIGHT for analytics and reporting, PERFORM for employee performance management, and PACE for centralised control.
Managed Services cover a range of offerings, such as Application Managed Services, Cyber Security Services, and Cloud and Data Support Services. These services are designed to ensure that clients can rely on Paramatrix for efficient, secure, and effective management of their IT needs.
Trusted by leading brands globally, Paramatrix has established itself as a reliable partner in digital transformation and IT services, offering innovative and cost-effective solutions.
Industry Outlook:
- The IT services sector grew by 8.3% in FY2023, driven by cloud migration and cybersecurity advancements. This presents Paramatrix Technologies Limited with opportunities to expand its digital transformation offerings.
- The ER&D (Engineering and Research and Development) sector is projected to grow at 11.1% year-on-year, fueled by cloud engineering and digitalisation. Paramatrix Technologies Limited can capitalise on this by enhancing its engineering services to meet rising demand.
- The Indian eCommerce industry achieved 40% growth in FY2023, driven by technology adoption and increased demand from tier II/III cities. This trend offers Paramatrix Technologies Limited the chance to strengthen its position in the tech-driven retail sector.
Paramatrix Technologies Limited IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- The company aims to allocate ₹939.72 lakh for capital expenditure to strengthen its infrastructure.
- With ₹652.80 lakh earmarked for investment in accelerators, the company intends to improve its service offerings.
- The company plans to invest ₹614.91 lakh to expand its operations in the Middle East and East Asia, seeking to explore new markets and growth opportunities.
- The remaining sum of ₹717.25 lakh will be allocated for general corporate purposes.
Peer Details
As per RHP, the following are the listed companies in India that are engaged in a business line similar to Paramatrix Technologies Limited:
- All E Technologies
- Softsol India
- K Solves India
How to Check the Allotment Status of the Paramatrix Technologies Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email, and SMS.
Contact Details of Paramatrix Technologies Limited IPO
- Registered office: E-102, 1st Floor, Sanpada Railway Station Complex, Sanpada, Navi Mumbai -400705, Maharashtra, India
- Phone: +91 22 4151 8700
- E-mail: cs@paramatrix.com
IPO Financials
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue From Operations (in ₹ lakh) | 2,799.48 | 2,836.48 | 2,732.71 |
| Profit After Tax (PAT) (in ₹ lakh) | 413.17 | 707.56 | 678.94 |
| Cash & Cash Equivalents (in ₹ lakh) | 1,306.86 | 1,219.39 | 1,210.94 |
| Net Worth (in ₹ lakh) | 3,030.25 | 2,996.55 | 2,464.27 |
| EBITDA (in ₹ lakh) | 565.03 | 973.64 | 964.36 |
| Return on Capital Employed (RoCE) (%) | 17.29 | 30.51 | 35.87 |
| Return on Equity (ROE) (%) | 13.63 | 23.61 | 27.55 |
| Reserves and Surplus (in ₹ lakh) | 2,155.25 | 2,961.55 | 2,429.27 |
Know before investing
Strengths
5-
Paramatrix Technologies' client-centric approach excels at understanding and catering to clients' unique needs, ensuring customised solutions that drive repeat business.
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Paramatrix Limited prioritises maintaining a reasonable turnaround time, ensuring reliable and prompt service delivery for its clients.
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The company holds ISO 9001:2015 and ISO 27001:2013 certifications, reflecting its commitment to high-quality standards and secure client information.
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Paramatrix Technologies is trusted by leading global brands, with a strong track record of delivering high-quality solutions that retain top customers.
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The company leverages its PACE and INSIGHT accelerators to develop digital applications and data-related projects, significantly boosting efficiency and reducing time to market.
Risks
5-
Ongoing legal proceedings against Paramatrix Technologies Limited could result in liabilities, potentially harming the company's financial stability.
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Delays in setting up the Navi Mumbai development center may hinder Paramatrix Limited's growth plans and future business prospects.
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Failure to successfully expand operations into the Middle East and East Asia could limit the company's growth potential and financial performance.
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High working capital requirements could strain the company's financial health, particularly if trade receivables are delayed.
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Product development is expensive and time-consuming, posing a risk to Paramatrix Technologies. Uncertain outcomes may affect profitability.
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Paramatrix Technologies IPO FAQs
The Paramatrix Technologies Limited IPO is a fixed-price issue that will be open from August 27, 2024, to August 30, 2024.
The Basis of Allotment will happen on Monday, September 2, 2024.
The IPO subscription window will open on August 27, 2024.
The minimum lot size for retail investors is 1 lot of 1200 shares.
The listing date for Paramatrix Technologies Limited is Wednesday, September 4, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approve the payment mandate.
You can submit only one application using your PAN card.
