Ahead of the listing, the company’s shares had no GMP in the grey market.
The IPO, which was completely a fresh equity sale of 30.76 lakh shares, received decent investor response with a subscription of over 9 times at close.
The company proposes to use the net proceeds for capital expenditure towards building infrastructure, investment in its suite of accelerators to enhance our service offering, geographical expansion in the Middle East and East Asia and other general corporate purposes.
Paramatrix Technologies is an IT software services company, focusing on making software applications and technology solutions for large enterprises and mid-size businesses.Its core competency lies in understanding the clients’ unique business processes, culture and their requirements across diverse industry segments and creating software applications and technology solutions, which works as an accelerators to enhance their operational efficiency and foster increased value production.
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The company has successfully served clients in the BFSI sector, retail, manufacturing, sports, pharmaceuticals, and logistics.
Paramatrix claims to have extensive knowledge and expertise in digital transformation, development of software applications and 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.
Inventure Merchant Banker Services is the sole book-running lead manager for the IPO, while Bigshare Services is the registrar.
