Meta Infotech IPO

About Meta Infotech IPO

The IPO of Meta Infotech Ltd comprises a fresh issue and an offer for sale. The fresh issue is up to 12,45,000 equity shares while the offer for sale is up to 37,35,000 equity shares. It’s a 100% book-built issue. The price range is ₹153-₹161. The lot size is 800.

The IPO opening date is June 4,2025 and the closing date is July 8, 2025. The tentative listing date is July 11, 2025. The allotment date is July 9, 2025. The credit of shares to the demat account will take place on July 10, 2025. The initiation of refunds will take place on July 10, 2025.

Objectives of Meta Infotech IPO

• Repayment in full or in part, of certain of its outstanding borrowings
• Funding capital expenditure towards establishment of new office premises
• Setup of an interactive experience centre at its registered office
• General corporate purpose

Industry Outlook

The IT Act was enacted on 17th October 2000 with a view to: (a) provide legal recognition of electronic records, (b) facilitate e-governance, e-transaction and e-commerce, and (c) Deter computer-based crimes. The IT Act was amended in 2008 by incorporating provisions relating to protection of sensitive personal data, exemption from liability to intermediaries, protection of critical information infrastructure, penal provisions for new forms of cybercrime such as obscenity, sexually explicit materials, identity theft, cheating by personation, cyber terrorism, etc.

Data privacy has become a critical focal point for organisations. In QI, 2024, 20% of internet users in India experienced cyberattacks. Heightened utilisation of Generative AI/LLMs by cyber attackers will drive the need for increased security investments by 2025-2036. Growing concerns over AI hallucinations highlight the necessity for advanced techniques like Retrieval Augmented Generation and Model Fine-Tuning.

Company Information

Meta Infotech Ltd is involved in the business of providing cybersecurity solutions to various organisations across India. Founded in 1998 and transitioned into the cybersecurity domain in 2010, it delivers comprehensive cybersecurity solutions and services for protection and maintaining integrity of information and systems.

Leveraging its domain expertise, it provides end-to-end cybersecurity solutions designed to address the challenges faced by these sectors. By optimising and securing network resources it enables organisations to manage their digital infrastructure effectively, ensuring reliable and scalable connectivity to support their evolving network needs.

Risks of Meta Infotech IPO

• Reliance on a Few Customers for Revenues

Meta Infotech Ltd derives a significant portion of its revenue from operations from a few customers, with its single largest customer contributing more than 50% of its revenue from operations in the Fiscal 2024. Loss of any of these customers or a reduction in business with any of them could adversely affect its business, results of operations and financial condition.

• Dependence on Few Vendors

Meta Infotech Ltd is heavily reliant on a few vendors/ suppliers who are the OEM for the products marketed by it, with its single largest supplier contributing to more than 50% of its purchases in the Fiscal 2024. Moreover, it has not entered into long-term contracts or arrangements with these OEM vendors. Any loss of such vendors/suppliers may disrupt its operations and will have a material adverse impact on its business and revenues.

• Reliance on Few Industries

The company is dependent on a few Industries for the majority of its revenue from operations with the banking industry contributing to more than 50% of our revenue from operations during the stub period and last three financial years. Downtrend or change in regulatory framework in these Industries may result in an adverse effect on its business, revenue from operations and financial conditions.

Anchor Investor Bidding Date

Anchor portion of the offer opens for bidding on July 3, 2025.

IPO Registrar and Book Running Lead Manager

• IPO Registrar: KFin Technologies Ltd
• Book Running Lead Manager: HEM Securities Ltd

Business Model

Meta Infotech Ltd offers a holistic suite of services ranging from consulting to implementation, along with annual maintenance and sustenance, catering exclusively to the cybersecurity needs of its clients. Its comprehensive suits of cybersecurity solutions include:

• Secure Access Service Edge (SASE)
• Database Security
• Endpoint Detection and Response Security
• Data Security
• Application Security
• API Security
• Security Information and Event Management
• Identity Security
• Network & Perimeter Security
• Email Security

The company also provides on-site resources along with training services to the organisations.

Company Growth Trajectory

The company believes that its focus on operational and functional excellence has contributed to its track record of healthy financial performance. It believes that its consistent financial performance reflects the efficacy of the operations. Its revenue from operations grew from ₹108.4123 crores in FY 23 to ₹218.8235 crores in FY 25. Its EBITDA margin grew from 8.49% in FY 23 to 10.17% in FY 25, while PAT margin grew from 6.04% in FY 23 to 6.63% in FY 25.

Market Position

Founded in 1998 and transitioned into the cybersecurity domain in 2010, Meta Infotech Ltd operates from its offices situated at Andheri and Thane in Mumbai and at Hyderabad. With strategic locations in Mumbai and Hyderabad, it’s well-positioned to provide its clients with timely and efficient cybersecurity services, ensuring their operations are secured and resilient against evolving cyber threats.

In 2024, its promoter was awarded Business Leader of the Year - Male - Cybersecurity at the MSME & Startup Innovation Summit - 4th Edition.

How to Check Allotment Status of Meta Infotech IPO?

Via Registrar’s Website

• Visit the official website of Kfin Technologies Ltd
• Click on ‘IPO Allotment Status’ from ‘Investors’ under ‘Products’ dropdown
• Click on any one of the links
• Choose the company name and enter either your application number, Demat account or PAN number
• Enter captcha and click on ‘Submit’

Check on the Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:

• Choose the Issue Type
• Select the Issue Name from dropdown
• Put in either your application number or PAN number
• Check the box ‘I’m not a robot’
• Click on ‘Search’ to know allotment status

How to Apply for Meta Infotech IPO?

• Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.