Meta Infotech Limited IPO – Complete Guide, Analysis and Expert Review

The Indian primary market for SME IPOs has witnessed a flurry of activity in 2025. Among the most notable is Meta Infotech Limited, a cybersecurity solutions provider serving some of India’s most critical sectors.

This detailed article will help you understand everything about the Meta Infotech IPO: its business profile, financials, pricing, subscription status, valuations, risks, and whether it deserves your investment.

Company Overview

Meta Infotech Limited is a cybersecurity company offering end-to-end solutions to safeguard digital infrastructures. It provides services to a wide spectrum of industries, including:

• Banking and Capital Markets

• Non-Banking Financial Companies (NBFCs)

• IT/ITES companies

• Automobile

• Insurance

• Pharmaceuticals

• FMCG and Real Estate

• Hospitality and Manufacturing

• Conglomerates and diversified enterprises

This broad client base underscores Meta Infotech’s ability to customise and scale solutions across domains.

Core Offerings include:

• Comprehensive cybersecurity solutions and services

• Information and systems protection

• Consulting and implementation of advanced security protocols

Given the increasing cyber threats and data protection regulations, the company operates in a high-growth sector with sustained demand.

Management Team

Meta Infotech is steered by an experienced leadership group:

• Mr. Venu Gopal Peruri (Managing Director): B.Sc. with over 25 years of experience.

• Mr. Mohammed Laeek Abdul Kader Golandaz (Whole-Time Director): B.Sc. IT, 15 years of experience.

• Mr. Rama Krishna Kishore Achuthani (Whole-Time Director): B.Sc. Computer Science, 23 years of experience.

• Dr. Gaurav Vinod Sharma (Technical Team Lead): Ph.D. in Technology, 15 years of experience.

This depth and diversity of expertise strengthen the company’s credibility and execution capacity.

IPO Details

The Meta Infotech IPO is a Book Built Issue of ₹80.18 crore, comprising:

• Fresh Issue: ₹20.04 crore (12.45 lakh shares)

• Offer for Sale: ₹60.13 crore (37.35 lakh shares)

Key Details at a Glance:

• Price Band: ₹153–₹161 per share

• Market Capitalisation at Upper Band: ₹303.99 crore

• Lot Size: 800 shares

• Retail Minimum Investment: ₹2,57,600 (1,600 shares or 2 lots)

• HNI Minimum Investment: ₹3,86,400 (2,400 shares or 3 lots)

• IPO Dates: July 4–8, 2025

• Allotment Date: July 9, 2025

• Listing Date: July 11, 2025

• Listing Venue: BSE SME platform

Book Running Lead Manager: HEM SECURITIES LIMITED
Registrar: KFIN TECHNOLOGIES LIMITED
Market Maker: Hem Finlease Private Limited

Objectives of the IPO

Meta Infotech plans to utilise the net proceeds for:

1. ₹1,670 lakh: Repayment of borrowings

2. ₹120.42 lakh: Establishment of a new office in Andheri East, Mumbai

3. ₹90.80 lakh: Setting up an interactive experience centre

4. General Corporate Purposes

Observation:
A significant portion is for debt repayment, which can help improve the balance sheet. Capital expenditure towards new offices and centres reflects the company’s growth aspirations.

Financial Performance

Meta Infotech has shown remarkable revenue growth over the last three years:

Revenue from Operations

• FY23: ₹10,954.33 lakh

• FY24: ₹15,304.66 lakh

• FY25: ₹22,001.78 lakh

This implies doubling of revenue in just two years, reflecting rising demand for cybersecurity services.

EBITDA

• FY23: ₹1,049.70 lakh

• FY24: ₹1,689.66 lakh

• FY25: ₹2,354.69 lakh

Operating margins have also improved in line with topline growth.

Profit After Tax

• FY23: ₹654.32 lakh

• FY24: ₹1,050.78 lakh

• FY25: ₹1,450.14 lakh

A steady rise in profitability shows that scaling has not come at the cost of margins.

Valuation Metrics

Let’s look at how the IPO is priced:

• Pre-issue EPS (FY24): ₹8.22

• Post-issue EPS (FY24): ₹7.68

• Pre-issue P/E Ratio: 19.58x

• Post-issue P/E Ratio: 20.96x

• Industry P/E Ratio: ~167x

Interpretation:
Though the P/E ratio looks modest compared to the industry, the SME segment valuations vary widely. The pricing here is not cheap, given the lack of GMP traction and sizeable OFS component.

Return Ratios

Strong return metrics highlight operational efficiency:

• ROCE: 37.81%

• ROE: 38.88%

• RoNW: 32.55%

These are impressive numbers, supporting the thesis of sustainable profitability.

IPO Subscription Status

The IPO received strong demand:

✅ 155.28 times subscription on the final day

Anchor Investor Participation:

• ₹22.57 crore raised via Anchor Investors

• 14,02,400 shares allotted

This suggests institutional confidence despite no GMP, reflecting the attractiveness of cybersecurity as a sector.

Grey Market Premium (GMP)

As of 30 June 2025:

• GMP: ₹0

• Expected Listing Price: ₹161 (same as IPO price)

Interpretation:
No grey market premium indicates lack of speculative momentum, possibly due to:

• High offer for sale (OFS) proportion

• High ticket size for retail investors (₹2.57 lakh minimum)

• Fully priced valuation

Strengths

• Robust Industry Tailwinds: Cybersecurity demand is structural.

• Strong Financial Growth: Revenue and PAT have doubled in two years.

• High ROE & ROCE: Attractive returns on capital employed.

• Experienced Management: Decades of domain expertise.

Risks

• No GMP: Indicates limited listing gains.

• High Retail Ticket Size: Discourages smaller investors.

• Significant OFS: Promoter dilution may be seen negatively.

• Valuation: Fully priced at ~21x P/E.

Expert Recommendation

Given:

• Strong fundamentals

• Solid subscription

• No GMP

• Full valuation

Most analysts recommend caution if you are investing purely for listing gains.

✅ For Long-Term Investors: Consider modest exposure if you have high conviction in cybersecurity sector growth.
✅ For Listing Gains: Avoid, as no grey market premium and high OFS can limit debut upside.

How to Check Allotment

From July 9, 2025, you can check:

• Visit KFIN Technologies website

• Select "Meta Infotech Limited IPO"

• Enter PAN/Application No./DP ID

• Click submit

Final Thoughts

Meta Infotech offers an appealing business story in cybersecurity—a sector poised for multi-year growth. However, valuations are not cheap, the IPO has no GMP, and the significant OFS may cap listing enthusiasm.

Verdict: For investors with a long-term horizon and comfort with SME liquidity risks, consider limited exposure. For short-term traders eyeing listing gains, this IPO may not be ideal.

Disclaimer:

This article is intended for informational and educational purposes only and does not constitute investment advice. Readers are advised to consult their financial advisor before making any investment decisions. Investments in securities are subject to market risks. Please read all related documents carefully before applying for the IPO. The data provided is based on publicly available information and may be subject to change.

The Upcoming IPOs in this week and coming weeks are NSDL, Anthem Biosciences, Spunweb Nonwoven, Smartworks Coworking, Asston Pharmaceuticals.

The Current active IPO are CFF Fluid Control, Anthem Biosciences, Glen Industries, Smarten Power Systems, Travel Food Services, Chemkart India.

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