Meta Infotech Ltd IPO
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Meta Infotech Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 49.8 L | ₹ 37.35 L | ₹ 16.38 L | ₹ 167.44 L | BSE | ₹ 80.18 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 04 Jul, 25 | 08 Jul, 25 | 1600 | ₹ 2,44,800 | Book Building - SME | 11 Jul, 25 |
Meta Infotech Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Computers - Software - Medium |
| Sub Sector | Small |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 59.11x | 2337600 | 138187200 |
| NII | 309.55x | 702400 | 217428800 |
| Retail | 122.06x | 1637600 | 199891200 |
| Employee | 0x | 50400 | 0 |
| Total | 111.55x | 4980000 | 555536800 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Meta Infotech Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 22.68 | 15.57 | 9.92 |
| EBITDA | 24.95 | 17.11 | 11.07 |
| PAT | 14.50 | 10.51 | 6.54 |
| Total Assets | 36.49 | 25.98 | 32.58 |
| Share Capital | 17.64 | 0.77 | 0.77 |
| Total Borrowings | 26.11 | 6.03 | 13.31 |
| Operating Activities (Net Cash) | 16.77 | 12.05 | 7.69 |
| Investing Activities (Net Cash) | 6.53 | -2.49 | 1.82 |
| Financing Activities (Net Cash) | 26.11 | 6.03 | 13.31 |
| Net Cashflow | 0.82 | 5.81 | 6.76 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Meta Infotech Ltd
Meta Infotech Limited was originally incorporated as a private limited Company under the name of Meta Infotech Private Limited on December 17, 1998 bearing registration number as 117495. Subsequently, the Company was converted into a public limited company vide special resolution passed by the shareholders at the Extra Ordinary General Meeting held on July 24, 2024 and consequently the name of the Company was changed from Meta Infotech Private Limited to Meta Infotech Limited vide fresh Certificate of Incorporation granted to our Company consequent upon conversion into public limited company dated September 02, 2024 by the Registrar of Companies, Central Processing Centre bearing Corporate Identification Number U72100MH1998PLC117495.
The IT & BPM sector has become one of the most significant growth catalysts for the Indian economy, contributing significantly to the country's GDP and public welfare. The IT industry accounted for 7.5% of India's GDP in FY23, and it is expected to contribute 10% to India's GDP by 2025. New roadmaps and projects are formulated/ initiated in thrust areas identified on continuous basis to enable enhancement of expertise/skills in R&D for cyber security in the country. This ensures strengthening of security posture through generation of near real-time situational awareness at national level for enhancing cyber security in the country.
The Company is involved in the business of providing cybersecurity solutions to large and medium sized organizations across India. The company delivers comprehensive cybersecurity solutions and services for protection and maintaining integrity of information and systems. Meta Infotech works for safeguarding the digital infrastructures of companies belonging to diversified industries such as Banking, Capital Market, NBFC, IT/ITES, Cybersecurity, Automobile, Insurance, Pharmaceutical, FMCG, Real Estate, Hospitality, Manufacturing and Other conglomerates etc. Leveraging its domain expertise, the company provides end-to-end cybersecurity solutions designed to address the challenges faced by these sectors.
Peer Comparison:
- TAC Infosec Limited
- Quick Heal Technologies Limited
- Sattrix Information Security Limited
Meta Infotech Ltd IPO Key Points
Strengths
- One Stop Shop for safeguarding the digital assets and infrastructure.
- Experienced Management Team and Qualified Pool of Employees.
- Long standing relationship with marquee customer base.
- Catering to wide range of end use industries.
- Long standing relationships with various Cybersecurity OEM Developers.
Risk
- The company derives a significant portion of its revenue from operations from a few customers, with the company single largest customer contributing more than 50%, of its revenue from operations during the last three financial years. 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.
- The company is heavily reliant on a few vendors/ suppliers who are the OEM for the products marketed by it, with the company single largest supplier contributing to more than 50% of its purchases during the last three financial years. Moreover, the company 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 the company business and its revenue.
- The company is dependent on few Industries for majority of its revenue from operations with banking industry contributing to more than 50% of the company revenue from operations during the 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.
Strategy
- To build professional organization by recruiting and retaining highly-skilled employees.
- Grow its business by enhancing its technological capabilities and expanding its domain expertise.
- Continue to maintain strong relationships with its customers.
- Expansion of operations by setting up additional offices and experience centres and increasing outreach to larger customer base.
- One Stop Shop for safeguarding the digital assets and infrastructure.
- Experienced Management Team and Qualified Pool of Employees.
- Long standing relationship with marquee customer base.
- Catering to wide range of end use industries.
- Long standing relationships with various Cybersecurity OEM Developers.
How To Apply for Meta Infotech Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
