Paramatrix Technologies Limited IPO

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Paramatrix Technologies Limited specialize in developing software applications and technology solutions tailored to the needs of large enterprises and mid-size businesses. Their expertise lies in deeply understanding their clients’ unique business processes, culture, and requirements across diverse industry sectors, enabling them to create software applications and technology solutions that act as accelerators to enhance operational efficiency and increase value production.

Paramatrix has a strong track record of serving clients in various industries, including BFSI, Retail, Manufacturing, Sports, Pharmaceuticals, and Logistics. Their team, supported by experienced promoters and skilled employees, brings extensive knowledge in Digital Transformation, software development, and technology implementation. They work across multiple platforms and frameworks, such as Microsoft.Net, Microsoft SQL, Microsoft Azure Cloud, AWS Cloud, Cross-Platform Mobile Application Development Technologies, and Open-Source Technologies like Java and Python.

They have organized their offerings into two main service lines: Digital Transformation Services and Managed Services. This focused approach ensures that they can deliver projects successfully with a combination of domain knowledge, technological expertise, and project management proficiency.

Key Service Offerings

Digital Transformation Services:
i. Application Development and Maintenance (ADM)          ii. Solution Architecture and Design
iii. Enterprise Data Management & Data Analytics               iv. INSIGHT
v. PERFORM                                                                                  vi. EPPM
vii. PACE                                                                                       viii. ITCS
ix. DROANA                                                                                    x. EVENTJET
xi. BULWARK                                                                               xii. PLAYMITY

Managed Services:
i. Application Managed Services                                                ii. Cyber Security Services
iii. Cloud & Data Support Services

With a unique blend of domain knowledge, technological expertise, and project management proficiency, Paramatrix is well-positioned to deliver successful projects and drive digital transformation for their clients across various industries.

Objects of the Paramatrix Technologies Limited IPO:

The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects: i. Capital Expenditure for building Infrastructure; ii. Investment in suite of accelerators to enhance the service offerings; iii. Geographical expansion in the Middle East and East Asia; and iv. General Corporate Purposes Total number of shares issue :- i. Fresh issue is 2,758,800 shares, ii. Offer for sale is 318,000 shares.
DRHP of Paramatrix Technologies Limited IPO
RHP of Paramatrix Technologies Limited IPO

Paramatrix Technologies Limited IPO Details:

Open Date: Aug 27 2024
Close Date: Aug 30 2024
Total Shares: 3,076,800
Face Value: ₹ 10 Per Equity Share
Issue Size: 33.84 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 110 Per Equity Share
Listing At: NSE Emerge
Listing Date: Sep 04 2024

Promoters And Management:

Mukesh Keshubhai Thumar, aged 45, is the founding promoter and director of the Company since its incorporation and has been reappointed as Managing Director & CEO effective January 01, 2024. He holds a Diploma in Computer Engineering from CMS Institute (1996) and a Diploma in Computer Technology from Bharati Vidyapeeth Institute of Technology (1997). He also completed an Executive Education Program from Harvard Business School in 2011. With over 25 years of experience in integrating technology in the BFSI sector, Mr. Thumar oversees business development, strategic planning, leadership, and overall management of the Company. Bhavna Mukesh Thumar, aged 43, is a founding promoter and director of the Company since its incorporation and has been reappointed as Executive Director effective January 01, 2024. She holds a Bachelor's degree in Commerce from Saurashtra University (2001) and brings nearly 20 years of experience in finance and administration management at PTL. Bhavna is actively involved in financial decision-making, budgeting, financial planning, and overseeing administration management at the Company. Mahesh Pandurang Goriwale, 45, is an Executive Director effective January 01, 2024. He holds a Diploma in Computer Engineering, a Bachelor's in Computer Engineering, and a Master's in Information Management. With 23 years of IT experience, particularly in the BFSI sector, Mahesh oversees Solution Architecting, Business Analysis, Database Design, Project Management, and Delivery at PTL.

Financials of Paramatrix Technologies Limited IPO:

Particulars ( In Lakhs )
2022
2023
2024
Revenue from Operations 2,733 2,836 2,799
Other Income 92 496 60
Total Revenue 2,825 3,332 2,860
Employees Benefit Expenses 1,437 1,849 1,676
Other Expenses 424 510 619
EBITDA 964 974 565
OPM (%) 34.14% 29.22% 19.76%
Depreciation & Amortisation 81 59 41
EBIT 884 914 524
Finance Cost 3 0.2 0
PBT 881 914 524
Tax 202 206 111
PAT 679 708 413
NPM (%) 24.04% 21.23% 14.45%
No.of Shares 115.08 115.08 115.08
EPS 5.89 6.14 3.59

Comparison With Peers:

Name of the Company Revenue (In Crore) PAT (In Crore) EPS ( in Rs) P/E CMP Mcap (In Crore)
Paramatrix Technologies Limited 28 4 3.59 30.6 110 127
All E Technologies Limited 116 20 9.75 43.4 469 947
Softsol India Limited 75 11 7.38 25.3 351 518
KSolves India Limited 108 34 28.87 34.3 1,032 1,224
* All the data is as per FY24.

Recommendation on Paramatrix Technologies Limited IPO:

Review and Recommendation of Paramatrix Technologies by team IZ is 4/10. 1. Paramatrix Technologies Limited specializes in developing software applications and technology solutions tailored for large enterprises and mid-sized businesses across various industries. The company’s expertise spans across multiple industry segments, including BFSI (Banking, Financial Services, and Insurance), Retail, Manufacturing, Sports, Pharmaceuticals, and Logistics. The company’s technological expertise covers a wide array of platforms and frameworks, such as Microsoft.Net, Microsoft SQL, Microsoft Azure Cloud, AWS Cloud, Cross-Platform Mobile Application Development Technologies, and Open-Source Technologies like Java and Python. This breadth of knowledge enables Paramatrix to deliver robust, scalable, and innovative solutions tailored to the specific needs of its clients. 2. Service Lines To better serve its customers, Paramatrix has structured its offerings into two primary service lines: Digital Transformation Services: i. Application Development and Maintenance (ADM)           ii. Solution Architecture and Design iii. Enterprise Data Management & Data Analytics               iv. INSIGHT v. PERFORM                                                                                 vi. EPPM vii. PACE                                                                                      viii. ITCS ix. DROANA                                                                                   x. EVENTJET xi. BULWARK                                                                               xii. PLAYMITY Managed Services: i. Application Managed Services                                             ii. Cyber Security Services iii. Cloud & Data Support Services 3. Competition Paramatrix operates in a highly competitive and dynamic IT industry, characterized by a fragmented market with numerous domestic and international players. The company's focus on continuous innovation is reflected in its product and service offerings, as well as in its operational processes and strategic vision. 4. The Revenue has Increased from Rs.27 Crores in FY22 to Rs.28 Crores in FY24. 5. The EBITDA has Decreased from 9.6 Crores in FY22 to 5.6 Crores in FY24. 6. The PAT has Decreased from 6.7 Crores in FY22 to 4.1 Crores in FY24. 7. As per FY24, CFO/EBITDA is 0.97, and EPS is 3.59, 8. Market Capitalization is 127 Crores and P/E is 30.6x based on FY24.

Lead Manager of Paramatrix Technologies Limited IPO:

  1. Inventure Merchant Banker Services Private Limited

Registrar of Paramatrix Technologies Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Paramatrix Technologies Limited E-102, 1st Floor, Sanpada Railway Station Complex, Sanpada, Navi Mumbai - 400705 Phone: +91 22 4151 8700 Email: cs@paramatrix.com Website: https://www.paramatrix.com/

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