Paramatrix Technologies Ltd

Paramatrix Technologies Ltd IPO

IPO Price Range: ₹110 - 110

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.

Min Investment

₹1,32,000

IPO Size

₹33 Cr

IPO Status

Closed

Quantity in 1 Lot

1200

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of Paramatrix Technologies Ltd

Open Date27 Aug 2024
Close Date30 Aug 2024
Allotment Date2 Sep 2024
Listing Date4 Sep 2024

Key Statistics

Bid Opening DateBid Opening Date27 Aug 2024
Bid Closing DateBid Closing Date30 Aug 2024
Allotment DateAllotment Date2 Sep 2024
Issue SizeIssue Size₹33.84Cr
Quantity in 1 lotQuantity in 1 lot1200

Strength and risks

Strength

Strength

  • Understanding and Catering to Clients Unique Needs.

  • Meaningful Collaboration with Clients and Partners.

  • Maintaining a Reasonable Turnaround Time.

  • Quality Certifications.

  • Trusted by Leading Brands Present Globally.


Risk

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 affectits 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.

  • Though, the company has entered into contracts/ master service agreements with its customers, its new business with them is on the basis of purchase orders for their new requirements, any loss of such customers could adversely impact its revenues and profitability.

  • Its business operations are subject to high working capital requirements. Its inability to maintain an optimal level of working capital required for the companys business may impact its operations adversely.

  • The process of product development is expensive, time-consuming, and uncertain.

  • Failures to adapt to evolving customer needs and to embrace & develop new technologies could have detrimental effects on its business, financial standing, and operational results.

  • Undiscovered software design defects, errors, or failures may lead to a loss of or delay in the market acceptance of its products and services or give rise to liabilities that could significantly and adversely impact its business, financial health, and operational outcomes.

  • Its Promoters and Directors, Mukesh Keshubhai Thumar and Bhavna Mukesh Thumar plays key role in its functioning and the company heavily relies on their knowledge and experience in operating its business and therefore, it is critical for the companys business that its Promoters/ directors remain associated with it. The companys success also depends on its key managerial personnel and its ability to attract and retain them. Any loss of the company key person could adversely affect its business, operations and financial condition.

  • The company avail the services of specific consultants for certain operations. Any inadequacy or disruption in their services could have adverse effects on its business operations and reputation.

Promoters Holding

Investors Holdings %
Mukesh Keshubhai Thumar61.46%
Bhanva Mukesh Thumar12.86%
Kalpana Struct-con Private Lim1.14%

About Paramatrix Technologies Ltd

OrganisationParamatrix Technologies Ltd
HeadquartersNavi Mumbai
IndustryIT - Software

Frequently Asked Questions

  • What is the size of the Paramatrix Technologies Ltd IPO?

    The size of the Paramatrix Technologies Ltd IPO is ₹33.84Cr .

  • What is 'pre-apply' for Paramatrix Technologies Ltd IPO?

    'Pre-apply' for Paramatrix Technologies Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Paramatrix Technologies Ltd IPO order be placed?

    Your Paramatrix Technologies Ltd IPO order will be placed on 27 Aug 2024.

  • What are the open and close dates of the Paramatrix Technologies Ltd IPO?

    The open and close dates of the Paramatrix Technologies Ltd IPO are 27 Aug 2024 to 30 Aug 2024.

  • What is the lot size and minimum order quantity of the Paramatrix Technologies Ltd IPO?

    The lot size and minimum order quantity of the Paramatrix Technologies Ltd IPO are 1200 and 1200 respectively.

  • What would be the listing gains on the Paramatrix Technologies Ltd IPO?

    The potential listing gains on the Paramatrix Technologies Ltd IPO will depend on various market factors and cannot be predicted with certainty.