Gensol Group’s Matrix Gas & Renewables raises Rs 350 cr in pre-IPO round
Matrix Gas & Renewables Limited has raised Rs 350 crore in a pre-initial public offering (IPO) round to raise funds, said the company on Tuesday.
Matrix claims to be India’s fastest-growing green hydrogen infrastructure developer and natural gas aggregator. It is part of the Gensol Group, a BSE-listed engineering solutions provider.
Key investors in the pre-IPO round included Gunavanth Vaid (4GCapital Venture), Sarda Group, Sunil Kumar Singhvi (Singhvi Heritage LLP), Blue Lotus Fund, NAV Capital Emerging Fund and Matrix’s promoters.
