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- Paramatrix Technologies Ltd
Paramatrix Technologies Ltd
The Company is a ISO 9001:2015 and ISO 27001:2013 certified company. It has 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, the Company 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, the Company is well-equipped to execute projects.
The Company's Software Applications and Technology Solutions (Accelerators) Services can be broadly categorized as Digital Transformation Services and Managed Services. Paramatrix is an IT company that specializes in transforming businesses through customized applications, including web, desktop, mobile, real-time, and big data solutions. It provide comprehensive maintenance and support, ensuring consistent application uptime, security, scalability, and optimization. It provide customized software solutions, utilizing the expertise and innovation, to incorporate modern technologies and frameworks that cater to unique needs of industry.
In Solution Architecture, the Company design scalable and flexible solutions that prioritize security and compliance. It specialize into database planning, inter-application communication strategies, defining class and interface rules, exploring open-source systems feasibility, recommending suitable frameworks and technologies, and designing general system architecture.
In Enterprise Data Management, it offers services designed to streamline data processes, ensure data quality, and facilitate data integration across disparate systems. In realm of Data Analytics, it leverages advanced analytics techniques and cutting-edge technologies to unlock actionable insights from vast and complex datasets. On the contrary, Application Managed Services (AMS) have become essential for businesses seeking efficient management of their software applications.
The Company stands at the forefront of Cloud & Data Support Services, offering a comprehensive suite of solutions to empower businesses in their digital transformation journey. With a focus on leveraging cloud technologies and optimizing data infrastructure, it enables organizations to maximize value of their IT investments and drive innovation at scale. In Cloud Services, it provides end-to-end support for cloud adoption, migration, and optimization.
The Company is proposing Initial Public Offer, aggregating to Rs 33.85 Cr., by issuing 30,76,800 Equity shares, comprising of 27,58,800 Equity Shares amounting to Rs 30.35 Crores and 3,18,000 Equity shares amounting to Rs 3.50 Crores through Offer for sale.
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Paramatrix Technologies Ltd IPO Timeline
Paramatrix Technologies Ltd IPO opens on 27-Aug-2024, and closes on 30-Aug-2024. The Paramatrix Technologies Ltd IPO bid date is from 27-Aug-2024 to 30-Aug-2024. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| Paramatrix Technologies Ltd IPO Opening Date | 27-Aug-2024 |
| Paramatrix Technologies Ltd IPO Closing Date | 30-Aug-2024 |
| Basis of Allotment | 02-Sep-2024 |
| Initiation of Refunds | 03-Sep-2024 |
| Credit of Shares to Demat | 03-Sep-2024 |
| Paramatrix Technologies Ltd IPO Listing Date | 04-Sep-2024 |
Paramatrix Technologies Ltd IPO Lot Size
Paramatrix Technologies Ltd IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or 132000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹132000 |
| Maximum | 1 | 1200 | ₹132000 |
Paramatrix Technologies Ltd IPO Details
| Paramatrix Technologies Ltd IPO Date | 27-Aug-2024 to 30-Aug-2024 |
| Paramatrix Technologies Ltd IPO Face Value | Shares of ₹10 per share |
| Paramatrix Technologies Ltd IPO Price | ₹110 per share |
| Paramatrix Technologies Ltd IPO Lot Size | 1200 |
| Issue Size | Shares of ₹10 (aggregating up to ₹33.84 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹30.34 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹3.5 Cr) |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Mukesh Keshubhai Thumar, Bhanva Mukesh Thumar, Kalpana Struct-con Private Lim. |
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- 1 Capital Expenditure for building its infrastructure
- 2 Investment in its suite of accelerators to enhance its services offerings
- 3 Geographical expansion in Middle East and East Asia
- 4 General Corporate Purposes
Company Financials
Paramatrix Technologies Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| Amount in ₹ Crore | |||
- Understanding and Catering to Client's Unique Needs.
- Meaningful Collaboration with Clients and Partners.
- Maintaining a Reasonable Turnaround Time.
- Quality Certifications.
- Trusted by Leading Brands Present Globally.
- 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 affect its 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 company's 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 company's business that its Promoters/ directors remain associated with it. The company's 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.
- Inability to safeguard its intellectual property may impair the company capacity to compete successfully.
- Inability to uphold the confidentiality of its customers' information may have negative repercussions on its reputation, business, financial standing, and operational outcomes.
- Its business requires the company to obtain and renew certain registrations, licenses and permits from government and regulatory authorities and the failure to obtain and renew them in a timely manner may adversely affect its business operations.
- Its global operations expose the company to a multitude of legal and regulatory requirements, some of which may conflict, and any infringement of these regulations could adversely affect its business.
- Because the company operates in a highly competitive industry, its revenues, profits or market share could be harmed if the company is unable to compete effectively.
- Employee misconduct, errors or fraud could expose it to business risks or losses that could adversely affect its business prospects, results of operations and financial condition.
- The company encounter risks related to the fluctuations in currency exchange rates.
- Data networks are susceptible to attacks, unauthorized access, and disruptions. Any losses or liabilities arising from these factors could significantly and negatively impact its business, financial condition, and operational results.
- Failures to align with technological advancements or industry trends may impact the performance and features of its products and services, diminishing the company's appeal to customers.
- Its business is geographically located in India and overseas. Any loss or shutdown of operations at any of its facilities in this areas may have an adverse effect on the company's business and results of operations.
- The Company had negative cash flow from operating activity in recent fiscals, details of which are given below.
- Its financing agreements contain covenants that limit the company's flexibility in operating its business. Its inability to meet the company's obligations, including financial and other covenants under its debt financing arrangements could adversely affect the company business, results of operations and financial condition.
- The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Offer. Further the company has not identified any alternate source of financing the 'objects of the Offer'. Any shortfall in raising/ meeting the same could adversely affect its growth plans, operations, and financial performance.
- The company does not fully own its Registered Office and corporate office from which the company operates.
- Its results of operations are likely to vary from year to year and be unpredictable, which could cause the market price of the Equity Shares to be volatile.
- The company has in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the equity shareholders.
- Any variation in the utilization of the Net Proceeds as disclosed in this Draft Prospectus shall be subject to certain compliance requirements, including prior Shareholders' approval.
- Its funding requirements and deployment of the Offer Proceeds are based on management estimates and have not been independently appraised by any bank or financial institution.
- The Company's management will have flexibility in utilizing the Net Proceeds. There is no monitoring agency appointed by the Company and the deployment of funds is at the discretion of its Management and its Board of Directors, though it shall be monitored by its Audit Committee.
- The company has made dividend payments in the past and its ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements, capital expenditures and restrictive covenants in its financing arrangements.
- Its Promoters and members of the Promoter Group will continue to jointly retain majority control over the Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.
- Its insurance coverage may not adequately protect the company against all material hazards and the policies does not cover all risks. In the event of the occurrence of such events, its insurance coverage may not adequately protect the company against possible risk of loss.
- The Company will not receive any proceeds from the Offer for Sale portion.
- The requirements of being a listed company may strain its resources.
- The company propose to utilize a portion of its Net Proceeds towards setting up of development center. Any delay or failures in successfully setting up of development center may affect its business growth, thereby affecting its future business plans, business operations and financial conditions.
- The company propose to utilize a portion of its Net Proceeds towards designing, development, implementation, and maintenance across all the company accelerators. Any delay or failures in successfully implementing the same, may affect business growth prospects, thereby affecting its future business plans, the company operational efficiency and financial conditions.
- The company propose to utilize a portion of its Net Proceeds towards expanding the company's business operation in Middle East and East Asia. Any delay or failures in successfully expanding its business operations in said locations may affect business growth prospects, thereby affecting its future business plans, the company operational efficiency and financial conditions.
- There have been several instances of delay in payment of EPF dues by the Company in the past.
- Global Business Strategy.
- Positioning and Marketing Strategy.
- Customer Account Retention and Growth Strategy.
Paramatrix Technologies Ltd IPO Promoter Holding
| Pre Issue Share Holding | 75.46% |
| Post Issue Share Holding | 54.77% |
Paramatrix Technologies Ltd IPO Subscription Status (Bidding Detail)
The Paramatrix Technologies Ltd IPO is subscribed - times on Aug 30, 2024 05:00:00 PM. The public issue subscribed - times in the retail category, - times in the QIB category, and - times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Subscription (times) | - | - | - | - | - |
Paramatrix Technologies Ltd IPO Prospectus
Paramatrix Technologies Ltd IPO Listing Date
| Listing Date | 04 Sep 24 |
| BSE Script | 76989 |
| NSE Symbol | PARAMATRIX |
| Listing In | NSE - SME |
| ISIN | INE0S2W01018 |
| IPO Price | ₹110 |
| Face Value | ₹10 |
Paramatrix Technologies Ltd IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Paramatrix Technologies Ltd IPO Lead Manager(s)
- Inventure Merchant Banker Services Pvt Ltd
FAQs on Paramatrix Technologies Ltd IPO
Paramatrix Technologies Ltd IPO, which opens for subscription from 27-Aug-2024 to 30-Aug-2024 has an issue size of ₹33.84 crore. The issue type is book building issue.
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for Paramatrix Technologies Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.
Paramatrix Technologies Ltd IPO Opens for subscription from 27-Aug-2024 to 30-Aug-2024.
The lot size of Paramatrix Technologies Ltd is 1200 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹132000 and ₹132000 respectively.
Allotment date for Paramatrix Technologies Ltd is 02-Sep-2024 and refund of application amount (in case allotment is not received) will begin from 03-Sep-2024. If your allotment goes through, then shares will be credited in your Demat account by 03-Sep-2024.
The registrar for Paramatrix Technologies Ltd IPO is Bigshare Services Pvt Ltd . You can check your IPO allotment status on the registrar's website.
The shares of Paramatrix Technologies Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
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