Paramatrix Technologies Subscription Status

Paramatrix Technologies IPO - Day 4 Subscription at 6.35 Times

Paramatrix Technologies' initial public offering (IPO) has garnered significant attention from investors, with subscription rates rising steadily over the four-day period. Starting modestly on day one, the IPO witnessed a surge in interest, culminating in an impressive 6.35 times oversubscription by the close of day four. This remarkable response underscores the strong market appetite for Paramatrix Technologies' shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 27th August 2024, has gradually increased investor participation across all categories. The retail segment, in particular, has shown robust demand, reflecting growing confidence among individual investors in the company's prospects. The Non-Institutional Investors (NII) category has also demonstrated solid interest, albeit at a more measured pace than the retail segment.

This enthusiastic response to Paramatrix Technologies' IPO comes amid a generally positive sentiment in the Indian stock market, particularly towards technology and software services companies. The company's focus on digital transformation and managed services appears to have resonated well with investors looking for exposure to the growing IT sector.

Subscription Status of Paramatrix Technologies IPO for Days 1, 2, 3, and 4:

On day 1, Paramatrix Technologies IPO was subscribed 0.96 times, showing a cautious start with retail investors leading the charge. By the end of day 2, the subscription status had risen to 2.38 times, indicating growing investor confidence. On day 3, it reached 3.88 times, with both retail and NII categories showing increased interest. Finally, on day 4, it culminated at an impressive 6.35 times, demonstrating strong overall demand for the issue.

Here are the subscription details for Paramatrix Technologies IPO as of Day 4 (August 30, 2024 at 1:31:58 PM):

Key Highlights:

The IPO of Paramatrix Technologies is currently subscribed 6.35 times, with strong demand from Retail Individual Investors (RII).

Retail investors have shown significant strength with a subscription ratio of 9.09 times, indicating high confidence in the company's growth potential.

The Non-Institutional Investors (NII) category subscription is performing well at 3.61 times, suggesting growing interest from high-net-worth individuals and corporations.

The overall subscription trend shows a steady increase day after day, pointing to building momentum and positive sentiment toward the issue.

Paramatrix Technologies IPO - Day 3 Subscription at 3.88 Times

Key Highlights:

• On Day 3, Paramatrix Technologies' IPO was subscribed 3.88 times, with strong demand from Retail Individual Investors (RII).
• Retail investors showed increased interest with a subscription ratio of 6.12 times, nearly doubling their subscriptions from the previous day.
• The Non-Institutional Investors (NII) category subscription performed well at 1.64 times, showing growing interest from this segment.
• The overall subscription trend indicated building momentum, with all investor categories showing increased participation.
• The company's strong digital transformation and managed services presence likely contributed to the growing investor interest.

Paramatrix Technologies IPO - Day 2 Subscription at 2.38 Times

Key Highlights:

• On Day 2, Paramatrix Technologies' IPO was subscribed 2.38 times, with growing demand from Retail Individual Investors (RII).
• Retail investors showed solid interest with a subscription ratio of 3.71 times, more than doubling their subscription from Day 1.
• The Non-Institutional Investors (NII) category subscription improved to 1.04 times, crossing the full subscription mark.
• Substantial increases in subscription rates across categories indicated growing confidence in the company's business model and future prospects.
• Market analysts noted that the company's focus on emerging technologies and its diverse client base across sectors likely contributed to the increased investor interest.

Paramatrix Technologies IPO - Day 1 Subscription at 0.96 Times

Key Highlights:

• Paramatrix Technologies' IPO was subscribed 0.96 times on Day 1, with initial demand primarily driven by Retail Individual Investors (RII).
• Retail investors showed early interest with a subscription ratio of 1.49 times, indicating positive sentiment among individual investors.
• The Non-Institutional Investors (NII) category subscription started at 0.42 times, suggesting a more measured approach from this segment on the opening day.
• Despite falling slightly short of full subscription on Day 1, the response was considered positive given the current market conditions and the niche sector in which the company operates.
• Market observers noted that the first-day response laid a solid foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Paramatrix Technologies IPO:

Paramatrix Technologies Limited, founded in 2004, is a dynamic player in the Indian IT services landscape. It offers a comprehensive suite of software applications and technology solutions tailored for large and medium-sized companies. With two decades of history, the company has established itself as a reliable partner for businesses seeking digital transformation and managed services.

The company's service offerings can be broadly categorized into two main segments:

1. Digital Transformation Services:
- Application Development and Maintenance (ADM)
- Solution Architecture and Design
- Enterprise Data Management & Data Analytics
     • Various proprietary accelerators including:
     • INSIGHT (Accelerator for Analytics, MIS & Reporting)
     • PERFORM (Accelerator for Employee Performance Management)
     • EPPM (Enterprise Framework to manage Allocation and Scheduling of Work)
     • PACE (Middleware Framework for Centralized Control)
     • ITCS (Accelerator for managing Employees Share Trading Compliance)
     • DROANA (Virtual Classroom Platform)
     • EVENTJET (Event log monitoring & Management Solution)
     • BULWARK (Cloud Security Posture Assessment)
     • PLAYMITY (SaaS-based Gamification Platform)

2. Managed Services:

- Application Managed Services
- Cyber Security Services
- Cloud & Data Support Services

Paramatrix Technologies has cultivated a diverse client base spanning various sectors, including BFSI, retail, manufacturing, sports, pharma, and logistics. This diversification showcases the versatility of their solutions and provides a degree of resilience to sector-specific economic fluctuations.

As of 31st March 2024, the company boasted 182 employees, reflecting its lean and efficient operational structure. This team of professionals is at the core of Paramatrix's ability to deliver innovative solutions and maintain strong client relationships.

The company's growth strategy focuses on expanding its suite of proprietary accelerators, which can provide a competitive edge in the market. Their emphasis on emerging technologies such as cloud computing, data analytics, and cybersecurity aligns well with current market trends and client demands.

Highlights of the Paramatrix Technologies IPO:

• IPO Date: 27th August 2024 to 30th August 2024
• Listing Date: 4th September 2024 (Tentative)
• Face Value: ₹10 per share
• IPO Price: ₹110 per share (Fixed Price Issue)
• Lot Size: 1200 Shares
• Issue Size: 3,076,800 shares (aggregating up to ₹33.84 Cr)
• Offer Type: Fixed Price Issue IPO (Combination of Fresh Issue and Offer for Sale)
• Listing At: NSE SME
• Minimum investment for retail investors: ₹132,000
• Minimum investment for Non-Institutional Investors (NII): 2 lots (2,400 shares), amounting to ₹264,000
• Book Running Lead Manager: Inventure Merchant Banker Services Pvt Ltd
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Svcm Securities