Paramatrix Technologies Limited, a leading provider of software applications and technology solutions, is set to make its market debut with an IPO on August 27, 2024. Let's delve into the details of this upcoming offering.
| Feature | Details |
|---|---|
| Type of Issue | Fixed Price Issue |
| Issue Size | Rs 33.84 crore |
| Issue Composition | Fresh Issue (Rs 30.35 crore) + Offer for Sale (Rs 3.50 crore) |
| Offer Period | August 27, 2024 - August 29, 2024 |
| Expected Allotment | September 2, 2024 |
| Listing Date | September 4, 2024 (Tentative) |
| Issue Price | Rs 110 per share |
| Minimum Lot Size | 1200 Shares (Retail Investors: Rs 132,000 minimum investment) |
| HNI Minimum Lot | 2 Lots (2400 shares) amounting to Rs 264,000 |
Founded in 2004, Paramatrix Technologies has established itself as a trusted provider of digital transformation solutions. The company offers a wide range of software applications and accelerators to cater to the needs of large and medium-sized enterprises.
Paramatrix Technologies' focus on digital transformation and its diverse product range are positive indicators. However, the company's recent decline in revenue and profit warrants careful consideration. Investors should conduct thorough due diligence and assess the company's growth prospects before making an investment decision.
Investing in an IPO could be a promising opportunity for investors looking to get in on a company’s shareholding on the ground level. Paramatrix Technologies, if it fits into your investment strategy, could be a good IPO investment.
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