Meta Infotech IPO Opens July 4 with ₹80.18 Crore Issue at ₹153 to ₹161 Price Band

Meta Infotech Limited, a leading player in the cybersecurity solutions industry, is set to raise ₹80.18 crore through its upcoming initial public offering (IPO). The issue comprises a fresh issue of 12.45 lakh shares worth ₹20.04 crore and an Offer for Sale (OFS) of 37.35 lakh shares aggregating ₹60.13 crore.

The IPO is a mix of capital raising to fund future growth and a partial exit for existing shareholders through the OFS. This structure is typical for companies balancing expansion capital needs with promoter liquidity.

The subscription window opens on July 4, 2025, and closes on July 8, 2025. Investors will be looking closely at the company’s strong financial growth, industry positioning, and the broader SME IPO market sentiment.

Key Dates and Listing Timeline

Investors should keep in mind the following important dates:

• IPO Opens: July 4, 2025

• IPO Closes: July 8, 2025

• Allotment Date: Expected on or about Wednesday, July 9, 2025

• Listing Date: Tentative on or about Friday, July 11, 2025, on the BSE SME platform

These dates provide a clear schedule for subscription planning, allotment status checking, and listing day strategy.

Price Band, Market Capitalisation, and Lot Size

The price band has been set at ₹153 to ₹161 per equity share, reflecting the company’s valuation expectations given its strong growth metrics.

At the upper end of the price band (₹161), Meta Infotech’s market capitalisation is estimated at ₹303.99 crore. This positions it among larger SME issues, indicating a significant market footprint for an SME listing.

The lot size is 800 shares.

• Retail investors must apply for at least 2 lots (1,600 shares), which requires a minimum investment of ₹2,57,600 at the upper band.

• HNIs have a minimum of 3 lots (2,400 shares), amounting to ₹3,86,400.

Such high entry levels are typical for SME IPOs, targeting serious and committed investors.

Lead Manager, Registrar, and Market Maker

The IPO is managed by HEM SECURITIES LIMITED, a well-known player in SME IPOs as the Book Running Lead Manager (BRLM).

KFIN TECHNOLOGIES LIMITED acts as the Registrar, responsible for allotment, refunds, and investor communications.

Hem Finlease Private Limited is the Market Maker, supporting liquidity on the BSE SME platform post-listing.

These established names add credibility and ensure smooth processing for investors.

Business Overview: Comprehensive Cybersecurity Solutions

Meta Infotech is an Indian company delivering comprehensive cybersecurity solutions and services for protecting digital infrastructure across diverse industries.

It safeguards information and systems for sectors such as Banking, Capital Market, NBFC, IT/ITES, Cybersecurity, Automobile, Insurance, Pharmaceutical, FMCG, Real Estate, Hospitality, Manufacturing, and conglomerates.

Key Offerings:

• Network security solutions

• Threat detection and management

• Risk assessment and compliance

• Managed cybersecurity services

This broad industry coverage and service diversity create a robust demand pipeline, crucial for sustainable revenue growth.

Promoter and Management Experience

Meta Infotech’s management team brings strong domain expertise:

• Mr. Venu Gopal Peruri, Promoter and Managing Director, has over 25 years of experience in the industry.

• Mohammed Laeek Abdul Kader Golandaz, Whole-Time Director, holds 15 years of experience in IT.

• Rama Krishna Kishore Achuthani, Whole-Time Director, has 23 years of experience in Computer Science.

• Gaurav Vinod Sharma, Technical Team Lead, holds a PhD in Technology with 15 years of experience.

Their depth of knowledge and leadership stability have positioned the company for scalable growth and client trust.

Financial Performance: Impressive Growth Story

Meta Infotech has demonstrated steady and strong financial growth over the past three fiscal years:

• Revenues from Operations:

  • FY23: ₹10,954.33 lakh

  • FY24: ₹15,304.66 lakh

  • FY25: ₹22,001.78 lakh

• EBITDA:

  • FY23: ₹1,049.70 lakh

  • FY24: ₹1,689.66 lakh

  • FY25: ₹2,354.69 lakh

• Profit After Tax (PAT):

  • FY23: ₹654.32 lakh

  • FY24: ₹1,050.78 lakh

  • FY25: ₹1,450.14 lakh

This consistent upward trajectory demonstrates demand growth, operational efficiency, and market acceptance of its services.

Strong revenue growth also signals competitive positioning in India’s fast-growing cybersecurity industry.

Valuation and Industry Comparison

The company’s valuation ratios give context to its pricing:

• Pre-issue EPS: ₹8.22

• Post-issue EPS: ₹7.68 for FY24

• Pre-issue P/E ratio: 19.58x

• Post-issue P/E ratio: 20.96x

• Industry P/E ratio: 167x

While the P/E multiple is well below the industry average, it suggests that Meta Infotech’s IPO is fully priced given its SME scale and competitive environment.

Other important metrics:

• Return on Capital Employed (ROCE): 37.81%

• Return on Equity (ROE): 38.88%

• Return on Net Worth (RoNW): 32.55%

These ratios highlight strong profitability, capital efficiency, and healthy balance sheet strength.

Anchor Investor Participation

Meta Infotech raised ₹22.57 crore from Anchor Investors at ₹161 per share, demonstrating confidence from institutional investors and providing a vote of confidence in its business model and growth strategy.

A total of 14,02,400 equity shares were allocated to these investors ahead of the main IPO.

Subscription Status and Market Sentiment

As of 11:50 AM on July 8, 2025, the IPO was 27.99 times subscribed on the final day.

This level of demand signals strong investor interest and the market’s appetite for quality cybersecurity plays.

However, high oversubscription does not guarantee listing gains, especially in the volatile SME segment.

Grey Market Premium (GMP) Analysis

The GMP for Meta Infotech stands at ₹0, suggesting no visible listing gains based on unregulated grey market trading.

While GMP is unofficial and unregulated, it is often used by investors as a sentiment indicator.

A zero GMP suggests neutral to cautious market expectations for listing performance.

Investment Considerations and Risks

Potential investors should weigh multiple factors:

Positives:

• Strong revenue and profit growth

• Diversified industry coverage

• Experienced management team

• High subscription demand and anchor support

Risks:

• High minimum investment (₹2.57 lakh for retail) limits access to small investors.

• Fully priced valuation reduces short-term listing upside potential.

• Zero GMP suggests cautious market view.

• SME segment volatility can result in illiquid post-listing trading.

Conclusion

Meta Infotech IPO offers an opportunity to invest in one of India’s emerging cybersecurity solutions providers, with strong fundamentals, growth potential, and a diversified client base.

However, given the fully priced nature of the issue, zero GMP, and high entry cost, investors should approach with caution, particularly if seeking short-term listing gains.

Long-term investors believing in India’s cybersecurity growth story may find strategic value, but should assess personal risk tolerance before applying.

Analysts recommend cautious participation, suggesting that those prioritising listing gains may consider avoiding this issue.

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, Spunweb Nonwoven, Smartworks Coworking, Asston Pharmaceuticals, CFF Fluid Control,  Anthem Biosciences.

The Current active IPO are Glen Industries, Smarten Power Systems, Travel Food Services, Chemkart India, Meta Infotech.

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