Matrix Gas And Renewables unlisted share price

Price history

About

Matrix Gas and Renewables Limited is an Ahmedabad-based company in natural gas aggregation. In simple words, it buys natural gas and regasified LNG from upstream producers and LNG importers, and sells it to industrial and city gas customers, delivered to their plant gate. Its customers include refineries, ceramics, fertilizer, petrochemicals, steel, glass, power, FMCG and city gas distribution companies. The company was incorporated on March 06, 2018 as Gensol Renewables Private Limited and first worked on solar project construction. In December 2021 it changed its main object to trading in fuels including natural gas, and it took its present name in 2022. It became a public limited company on March 31, 2023. It moves gas mainly through pipelines run by GAIL, Gujarat State Petronet, GSPL India Gasnet, Pipeline Infrastructure and Reliance Gas Pipelines. It has also been a member of the Indian Gas Exchange since December 13, 2022, which it uses for short-term gas needs. The numbers in the DRHP filed with NSE Emerge are restated and stated in lakh. Revenue from operations jumped from ₹1.50 lakh in FY22 to ₹48,969.85 lakh in FY23, which is about ₹489.70 crore. Profit after tax was ₹3,201.99 lakh, about ₹32.02 crore. This is a trading model, so purchase of stock in trade of ₹43,103.20 lakh took most of the revenue. The company reports EBITDA of ₹4,547.98 lakh for FY23. The four promoters are Anmol Singh Jaggi, Puneet Singh Jaggi, Chirag Nareshbhai Kotecha and Disha Chirag Kotecha. Together they held 1,38,75,244 of the 1,55,74,800 equity shares before the issue, which is 89.09%. The public held the remaining 10.91%. On the IPO, the company filed its DRHP with the NSE Emerge platform for a fresh issue of up to 56,00,000 equity shares, mainly to fund working capital for sourcing gas. We have no confirmed issue dates or price band to report. The figures above are from the DRHP and are older than today's date. Unlisted shares of a company like this are traded off-market through dealers and platforms. The price shown on this page is indicative, not an exchange price, and can differ from what a seller or buyer actually gets.