An IPO is being launched by Meta Infotech Ltd on the BSE SME platform, aiming to raise funds through a book-built issue. The offering includes up to ₹80.18 crore, comprising a fresh issue of 12,45,600 equity shares and an offer for sale (OFS) of 37,34,400 equity shares. The total issue size amounts to 49,80,000 equity shares.
Company Overview
Meta Infotech Ltd is a cybersecurity solutions provider offering a broad portfolio of services, including network security, endpoint protection, cloud security, identity access management, and managed security services. The company operates on an asset-light model—outsourcing hardware products through OEM partners while focusing internally on solution design, system integration, consulting, and technical support.
Meta Infotech serves clients across diverse sectors including BFSI, IT, manufacturing, pharma, and real estate. Its business model is rooted in long-term relationships with leading global cybersecurity vendors and strategic alliances, enabling it to deliver tailored and scalable security solutions. It operates with a combination of direct enterprise sales, channel partnerships, and managed service contracts.
To strengthen its presence and capabilities, the company plans to set up a new corporate office and an interactive customer experience centre in Mumbai. These expansions will be funded through proceeds from the IPO, alongside planned debt repayment.
Positioned as a growth-focused tech brand, Meta Infotech targets enterprise customers across tier-1 cities and metro regions. The company was originally incorporated in 1998 and was converted into a public limited company in April 2024. It is promoted by a team with deep expertise in cybersecurity, enterprise IT solutions, and project execution.
Lot Size & Investment Details
| Investor Type | Lots | Shares | Investment |
|---|---|---|---|
| Retail (Minimum) | 1 | 800 | ₹1,22,400 |
| Retail (Maximum) | 2 | 1,600 | ₹2,44,800 (capped by retail limit) |
| HNI (S-HNI) | 3 | 2,400 | ₹3,67,200 at upper band |
📊 Financial Highlights
| Particulars | FY22 | FY23 | FY24 | FY25 (Est.) |
|---|---|---|---|---|
| Revenue from Operations | ₹76.70 Cr | ₹109.50 Cr | ₹152.10 Cr | ₹220.00 Cr |
| EBITDA | ₹5.50 Cr | ₹9.20 Cr | ₹13.50 Cr | ₹22.70 Cr |
| EBITDA Margin (%) | 7.17% | 8.40% | 8.87% | 10.31% |
| Profit After Tax (PAT) | ₹3.10 Cr | ₹6.50 Cr | ₹10.50 Cr | ₹14.50 Cr |
| PAT Margin (%) | 4.04% | 5.93% | 6.90% | 6.59% |
| Return on Net Worth (RoNW) | 38.24% | 43.72% | 42.31% | 41.89% |
| Debt to Equity Ratio | 0.22 | 0.17 | 0.12 | 0.03 |
| EPS (₹) | 3.10 | 6.50 | 10.50 | 12.67 |
📦 Issue Structure
- The IPO is a book-built issue of 49,80,000 equity shares.
- The total issue size is ₹80.18 crore.
- It includes:
- Fresh Issue: 12,45,600 equity shares
- Offer for Sale (OFS): 37,34,400 equity shares
- Market Maker Reservation: 2,52,800 equity shares (5.07% of the issue)
- Net issue (excluding market maker portion) is allocated as follows:
- QIB (Qualified Institutional Buyers): 23,43,200 shares (47.06%)
- NII (Non-Institutional Investors/HNIs): 7,01,600 shares (14.09%)
- Retail Individual Investors (RII): 16,38,400 shares (32.88%)
⚠️ Risks
SME Platform Listing: The IPO is being listed on the BSE SME platform, which typically has lower liquidity and higher price volatility compared to mainboard listings.
Limited Post-Issue Float: With a large portion of the issue being OFS, the effective free float may be low (~26–33%), impacting stock liquidity and price stability.
High Dependence on OEMs: The company’s business heavily relies on global cybersecurity product vendors. Any disruption or change in these relationships can affect operations.
Intense Competition: Operates in a highly competitive cybersecurity market with large domestic and international players offering bundled or lower-cost services.
Client Concentration Risk: A significant portion of revenue may be derived from a limited number of clients or sectors (e.g., BFSI), posing concentration risks.
Rapid Tech Evolution: The cybersecurity landscape changes quickly. Failure to adapt to new threats, technologies, or compliance requirements could hurt market relevance.
Working Capital Intensive: Large project sizes and long billing cycles with enterprise clients can lead to working capital pressure and cash flow mismatches.
Cybersecurity Risk: Ironically, being a cybersecurity firm, any data breach or service disruption in its own systems could severely impact reputation and trust.
📝 Summary
Meta Infotech Ltd is launching a book-built SME IPO of 49.8 lakh shares in the ₹153–₹161 price band, aiming to raise up to ₹80.18 crore. The issue includes both fresh capital and an offer for sale, along with a market-maker allocation. Proceeds will be used for debt repayment, setting up a new Mumbai office, an interactive experience centre, and other corporate purposes. With public company status effective April 2024 and strong growth in FY24–FY25 earnings, the company is scaling rapidly as a full-stack cybersecurity solutions provider across enterprise sectors.
Allotment & Listing Timeline – Meta Infotech Ltd IPO
Basis of Allotment Finalization: July 9, 2025
Refund Initiation: July 10, 2025
Shares Credited to Demat Accounts: July 10, 2025
Listing Date (BSE SME): July 11, 2025 (Tentative)
Registrar: KFin Technologies Ltd
Allotment Status Link: (Will be available on KFintech’s website after allotment)
