IPO Details
RHP/DRHPIssue Date
04 Jul - 8 Jul'25
Investment/lot
₹ 257600
Price Range
153 - 161
Lot Size
1600
IPO Size
₹ 76.19 - ₹ 80.18 Cr
Schedule of Meta Infotech IPO
Start date
04/07/2025
End date
08/07/2025
Allotment of bids
09/07/2025
Refund Initiation
10/07/2025
Listing on exchange
11/07/2025
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
Meta Infotech IPO Valuation
| Detail | Information |
|---|---|
Upper Price Band | ₹161 |
Fresh Issue | Up to 12,45,000 equity shares |
Offer for Sale | Up to 37,35,000 equity shares |
EPS in ₹ for FY 25 | 8.22 |
Meta Infotech IPO Share Offer and Subscription Details
| Investor | Share Offer |
|---|---|
Market Maker | 5.06% of the offer size |
QIBs | Not more than 50% of the offer |
Non-institutional Investors | Not less than 15% of the offer |
Retail Individual Investors | Not less than 35% of the offer |
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.
Strengths of Meta Infotech
One Stop Shop for Safeguarding the Digital Assets and Infrastructure
Meta Infotech Ltd offers end to end services right from advising clients on the appropriate product for serving their cyber security requirements to implementing and training employees of the organisation. Its diversified solutions include Endpoint Security, Email Security, Data Security, Database Security, Network & Perimeter Security, Application Security, API Security, Cloud Security, Identity Security, Secure Access Service Edge (SASE), Security Information and Event Management (SIEM).
Long Standing Relationship with Marquee Customer Base
The company has cultivated long-term relationships with a diverse range of corporations, which has significantly contributed to the growth and diversification of its product and service offerings. Its commitment to customer satisfaction has been a cornerstone of its success, helping it maintain a strong customer retention rate over the years. During Fiscal 2025, the company served approximately 87 domestic customers, including 30 who have been associated with it for the last three continuous years.
Catering to Wide Range of End Use Industries
Over the years, the company has built expertise to provide products and solutions for cybersecurity for diverse range of end user customers finding applications across multiple industry such as Banking, Capital Market, NBFC, IT/ITES, Cybersecurity, Automobile, Insurance, Pharmaceutical, FMCG, Real Estate, Manufacturing and Other conglomerates etc. Its diversification of revenue across multiple industry verticals allows it to prevent any possible industry concentration in any of its product categories.
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.
Meta Infotech IPO Financials
Peer Comparison
| Company Name | Revenue from Operations (in ₹ crores) | PAT Margin (in %) | EBITDA Margin (in %) | Return on Net Worth (in %) |
|---|---|---|---|---|
Meta Infotech Ltd | 218.82 | 6.63 | 10.17 | 32.55 |
TAC Infosec Ltd | 30.50 | 48.66 | 50.26 | 26.86 |
Sattrix Information Security Ltd | 44.63 | 9.07 | 15.45 | 11.08 |
Quick Heal Technologies Ltd | 279.53 | 1.80 | -2.40 | 1.14 |
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.
Meta Infotech Profit and Loss
| Parameter | FY 25 | FY 24 | FY 23 |
|---|---|---|---|
Total Income (in ₹ crores) | 220.01 | 153.04 | 109.54 |
Profit/(Loss) Before Tax (in ₹ crores) | 20.40 | 14.03 | 8.77 |
Profit After Tax (in ₹ crores) | 14.50 | 10.50 | 6.54 |
EPS in ₹ | 8.22 | 5.96 | 3.71 |
Meta Infotech Cash Flow Statement
| Parameter | FY 25 | FY 24 | FY 23 |
|---|---|---|---|
Profit/(Loss) Before Tax (in ₹ crores) | 20.40 | 14.03 | 8.77 |
Net Cash Flow from Operating Activities (in ₹ crores) | -12.73 | -3.77 | 34.50 |
Net Cash Flow from Investing Activities (in ₹ crores) | -7.97 | 10.63 | -18.62 |
Net Cash Flow from Financing Activities (in ₹ crores) | 15.50 | -8.15 | -9.19 |
Cash and Cash Equivalents at the End of the Year (in ₹ crores) | 0.25 | 5.46 | 6.75 |
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.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Meta Infotech IPO FAQs
What is the minimum lot size required for Meta Infotech IPO?
The minimum lot size is 1600 shares and the investment required is ₹257600.
What is the price band of the Meta Infotech IPO?
The price band of Meta Infotech IPO is ₹153 to ₹161.
Where can I read more about Meta Infotech business?
You can read more about Meta Infotech and its IPO from the company’s red herring prospectus (RHP) here.
What is the Meta Infotech IPO?
The IPO of Meta Infotech Ltd comprises fresh issue and an offer for sale of up to 12,45,000 and 37,35,000 equity shares, respectively.
When will the IPO of Meta Infotech go live?
The IPO will open on July 4, 2025 and close on July 8, 2025
