Paramatrix Technologies IPO: A Detailed Overview of the Fixed Price Issue
The Paramatrix Technologies IPO is a significant event in the Indian market, offering a fixed price issue of Rs 33.84 crores. This issue is split into two parts, with a fresh issue of 27.59 lakh shares amounting to Rs 30.35 crores, and an offer for sale of 3.18 lakh shares valued at Rs 3.50 crores. Investors were keenly watching the Paramatrix Technologies IPO, which started its bidding on August 27, 2024, and concluded on August 30, 2024.
The Structure of the Paramatrix Technologies IPO
The Paramatrix Technologies IPO stands out due to its dual structure, comprising a fresh issue and an offer for sale. The fresh issue brought in Rs 30.35 crores from 27.59 lakh shares, while the offer for sale, comprising 3.18 lakh shares, added Rs 3.50 crores. Together, they created a pool of Rs 33.84 crores for investors to tap into. This fixed price issue was an attractive option for both retail investors and high-net-worth individuals (HNIs) looking to diversify their portfolios. The success of the Paramatrix Technologies IPO was evident as the bidding ended on a strong note on August 30, 2024.
Allotment and Listing of Paramatrix Technologies IPO Shares
The allotment of shares in the Paramatrix Technologies IPO was finalised on Monday, September 2, 2024. Those who participated in the IPO eagerly awaited the results, as the shares were set to list on the NSE SME platform. The official listing took place on September 4, 2024, making it a significant moment for the company and its investors. The Paramatrix Technologies IPO offered shares at a price of ₹110 per share, a figure that garnered attention for its balance between affordability and growth potential.
Investment Details for Paramatrix Technologies IPO
For retail investors, the Paramatrix Technologies IPO presented an opportunity to invest at a minimum lot size of 1200 shares. This meant that the minimum amount of investment required was ₹132,000. For HNIs, the entry point was set higher, with a minimum lot size of 2 lots, or 2400 shares, amounting to ₹264,000. These figures reflect the strategic positioning of the Paramatrix Technologies IPO to attract a wide range of investors, from smaller retail participants to larger institutional or HNI investors.
Role of Inventure Merchant Banker Services Pvt Ltd and Bigshare Services Pvt Ltd
The success of the Paramatrix Technologies IPO can be attributed, in part, to the expertise of Inventure Merchant Banker Services Pvt Ltd, which acted as the book running lead manager for the issue. Their role was crucial in ensuring the smooth execution and marketing of the IPO. Additionally, Bigshare Services Pvt Ltd served as the registrar for the issue, managing the critical tasks of allotment and investor relations. These two companies played pivotal roles in making the Paramatrix Technologies IPO a success.
Market Maker for Paramatrix Technologies IPO
A key aspect of the Paramatrix Technologies IPO was the involvement of a market maker, which ensured liquidity in the stock post-listing. The market maker’s role is to provide a continuous quote, enabling easy buying and selling of shares after the IPO listing on the NSE SME. This step was crucial in ensuring that investors could trade shares efficiently, contributing to the overall success of the Paramatrix Technologies IPO.
Paramatrix Technologies IPO: A Closer Look at the Listing Price
The Paramatrix Technologies IPO price of ₹110 per share was seen as a strategic decision, offering a balance between affordability and expected growth. At this price, retail investors could buy a minimum of 1200 shares, and HNIs could acquire at least two lots. The pricing structure was designed to appeal to a broad spectrum of investors, from those looking for a modest stake to those seeking a more substantial investment. The fixed price structure of the Paramatrix Technologies IPO provided a clear and straightforward approach for investors.
Why Retail Investors Were Drawn to Paramatrix Technologies IPO
Retail investors found the Paramatrix Technologies IPO particularly appealing because of the minimum lot size requirement of 1200 shares, which translated to ₹132,000. This entry point was accessible for many retail investors who wanted to participate in a growing tech company. The Paramatrix Technologies IPO also offered the potential for substantial returns, with the company’s shares listed on the NSE SME, providing an opportunity for future growth in value.
High-Net-Worth Investors (HNIs) and Their Interest in Paramatrix Technologies IPO
For high-net-worth individuals (HNIs), the Paramatrix Technologies IPO was an attractive proposition, requiring a minimum investment of ₹264,000 for two lots. HNIs are often drawn to IPOs that offer growth potential, and the structure of the Paramatrix Technologies IPO appealed to their investment strategies. With a clear path to liquidity post-listing and the support of a market maker, the IPO became a prime target for HNI investors.
Conclusion: Paramatrix Technologies IPO in 2024
The Paramatrix Technologies IPO in 2024 was a notable event, with a fixed price issue of Rs 33.84 crores. It involved a combination of fresh issue and an offer for sale, with a bidding process that spanned from August 27 to August 30, 2024. With shares priced at ₹110 each, retail investors needed ₹132,000 for a minimum investment, while HNIs required ₹264,000. The successful allotment and listing on the NSE SME on September 4, 2024, marked a new chapter for Paramatrix Technologies and its investors. Backed by Inventure Merchant Banker Services Pvt Ltd and Bigshare Services Pvt Ltd, the IPO has established a strong foundation for the company’s future in the stock market.