Matrix Gas And Renewables Limited
- Unlisted share
- Infrastructure & Services
- ISIN INE0PO201010
At a glance
Sales
FY23
₹490 Cr
+3264557%on FY22What the company earned from its customers in the year.
Profit
FY23
₹32.02 Cr
What was left after every cost and tax was paid.
Market valuecalculated
₹5 Cr
What the whole company would be worth at GrowFast's indicative price.
Net worth
FY23
₹31.84 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Matrix Gas And Renewables Limited
- ISIN
- INE0PO201010
- Sector
- Infrastructure & Services
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹3.19
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Matrix Gas And Renewables Limited
Matrix Gas and Renewables, based in Ahmedabad, started in 2018 as Gensol Renewables Private Limited to build renewable energy projects and from late 2021 turned to gas aggregation: buying natural gas and supplying it to industrial and downstream customers on flexible terms. Its 2023 draft prospectus names Anmol Singh Jaggi, Puneet Singh Jaggi, Chirag Kotecha and Disha Kotecha as promoters, together holding 89.09% at that time. Everything recorded here dates from that July 2023 document; nothing more recent was found on an allowed source.
Written from: nsearchives.nseindia.com
Listing status. Draft red herring prospectus dated 15 July 2023 filed for an SME IPO of up to 56,00,000 shares on NSE Emerge; no listing found Draft red herring prospectus dated 15 July 2023 (NSE Emerge)
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Infrastructure & Services
- ISIN
- INE0PO201010
- Year of incorporation
- 2018
- Registered office
- Ahmedabad, Gujarat
- Promoters
- Anmol Singh Jaggi 23.61%, Chirag Nareshbhai Kotecha 23.61%, Disha Chirag Kotecha 21.20%, Puneet Singh Jaggi 20.66% (together 89.09%)
- Key people
- Chairman cum Managing Director: Anmol Singh Jaggi; Whole-Time Director: Chirag Nareshbhai Kotecha; Chief Financial Officer: Pavan Ishwarlal Arya
- Employees on payroll
- 11 people
- Face value per share
- ₹10
- Equity shares outstanding (before the proposed issue)
- 1,55,74,800 shares
- CIN
- U74999GJ2018PLC101075
Read from: Draft red herring prospectus dated 15 July 2023 (NSE Emerge), unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Price to earnings (P/E)calculated
0.1×
At this price you pay ₹0.1 for every ₹1 of profit the company made in the year.
Price to book (P/B)calculated
0.16×
At this price you pay ₹0.16 for every ₹1 of net worth on the company's books.
Profit margincalculated
6.5%
Out of every ₹100 of sales, ₹6.5 was left as profit.
Return on equitycalculated
100.6%
For every ₹100 of the owners' money, the company made ₹100.6 of profit in the year.
Debt to equitycalculated
0.91×
The company has borrowed ₹0.91 for every ₹1 of its owners' money.
- Indicative price
- ₹3.19
- Market valuecalculated
- ₹5 Cr
- price × shares
- No. of shares
- 1,55,74,800
- EPS
- ₹21.33
- Book value per share
- ₹20.44
- Face value
- ₹10
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2022-23. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Matrix Gas and Renewables Limited. As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY22 to FY23: ₹0.02 Cr to ₹490 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY22 to FY23: ₹-0.2 Cr to ₹32.02 Cr.
| Particulars | FY22 | FY23Latest |
|---|---|---|
| Revenue from operations | 0.02 | 489.7▲3264557% |
| Other income | 0.15 | 0.56▲267% |
| Total income | 0.17 | 490.26▲290684% |
| Depreciation and amortisation | n/a | 0.01 |
| Finance costs | 0.43 | 3.24▲652% |
| Profit before tax | -0.27 | 42.79▲16056% |
| Profit after tax | -0.2 | 32.02▲16231% |
| Basic/diluted EPS (₹) | n/a | 21.33 |
Rupees crore unless marked, standalone (restated). The change shown is the latest year against the year before. Read from: Draft red herring prospectus dated 15 July 2023 (NSE Emerge).
Ownership
Shareholding pattern
Who owns the company
As of 15 July 2023
89.1%Promoters
- Largest holder
- 89.1%
- Top 2 together
- 100.0%
- Holders named
- 2
- Promoters89.09%
- Public10.91%
- Total100.00%
Read from: Draft red herring prospectus dated 15 July 2023 (NSE Emerge)
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised |
|---|---|---|---|---|
| 6 Jul 20235,64,800 shares of ₹10 placed at ₹132 each shortly before the draft prospectus (₹7,45,53,600 in all: share capital ₹56,48,000 plus securities premium ₹6,89,05,600). | Private placement | Equity shares | ₹132 | ₹7 Cr |
| 28 Mar 20231,50,00,000 bonus shares in the ratio 1,500 for every share held, out of reserves. | Bonus issue | Equity shares | Not stated | Not stated |
Read from: Draft red herring prospectus dated 15 July 2023 (NSE Emerge)
Leadership
Management
Anmol Singh Jaggi
Chairman cum Managing Director
Chirag Nareshbhai Kotecha
Whole-Time Director
Pavan Ishwarlal Arya
Chief Financial Officer
Disha Chirag Kotecha
Non Executive Director
Gaurav Kharbanda
Independent Director
Arun Menon
Independent Director
Keval Dave
Company Secretary and Compliance Officer
Read from: Draft red herring prospectus dated 15 July 2023 (NSE Emerge)
Corporate calendar
Events
- 15 Jul 2023DRHP filingDraft red herring prospectus for an SME IPO of up to 56 lakh shares on NSE EmergeOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Matrix Gas And Renewables Limited on WhatsAppIs the price shown for Matrix Gas And Renewables Limited final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Matrix Gas And Renewables Limited shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Matrix Gas And Renewables Limited shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by Matrix Gas And Renewables Limited. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.