Meta Infotech
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 04 Jul 2025 – 08 Jul 2025
- Listing date
- 11 Jul 2025
- Face value
- ₹1 per share
- Issue price
- ₹161 per share
- Lot size
- 800 shares
- Issue type
- Book Building issue
- Listing at
- BSE
- Total issue size
- ₹80.15 Cr
- Market cap at offer price
- ₹304 Cr
- Promoter holding
- 94.94% → 68.90% pre-issue → post-issue
- ISIN
- INE162901016
- Registrar
- Kfin Technologies Ltd.
- Lead managers
- Hem Securities Ltd.
- Registered office
- 118/119, first floor, Ackruti Star, Opposite Ackruti Centre Point, MIDC, Andheri (East), Maharashtra
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 14,02,400 | — | — |
| Market maker | 2,52,000 | — | — |
Application size
Minimum 800 shares per lot, in multiples, at ₹161
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 800 | ₹1,28,800 |
| S-HNI (min) | 2 | 1,600 | ₹2,57,600 |
| S-HNI (max) | 7 | 5,600 | ₹9,01,600 |
| B-HNI (min) | 8 | 6,400 | ₹10,30,400 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 8.22 | 7.68 |
| P/E (×) | 19.59 | 20.96 |
| Price to book (×) | 6.37 | — |
| Market cap | — | ₹304 Cr |
Key performance indicators
- Return on net worth
- 32.55%
- ROCE
- 37.81%
- Debt / equity
- 0.39
- PAT margin
- 6.63%
- EBITDA margin
- 10.17%
- NAV per share
- ₹25.26
- Price to book
- 6.37
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Meta Infotech
Meta Infotech Limited was originally incorporated as a private limited company on December 17, 1998 and converted to a public limited company in 2024. The company is involved in providing comprehensive cybersecurity solutions and services for protection and maintaining integrity of information and systems. Founded in 1998 and transitioning into the cybersecurity domain in 2010, the company delivers end-to-end cybersecurity solutions designed to address the challenges faced by large and medium-sized organizations across diversified industries such as Banking, Capital Market, NBFC, IT/ITES, Cybersecurity, Automobile, Insurance, Pharmaceutical, FMCG, Real Estate, Manufacturing and Other conglomerates. By optimizing and securing network resources, the company enables organizations to manage their digital infrastructure effectively. The company procures cybersecurity products from various international OEMs and serves as authorized reseller with agreements for distribution of cybersecurity products, softwares along with licenses and subscriptions. The company operates from offices in Andheri, Thane (Mumbai) and Hyderabad.
Company Analysis
from DRHPMeta Infotech Limited provides end-to-end cybersecurity solutions and services for protecting digital infrastructure across diverse industries including banking, NBFC, IT/ITES, insurance, and manufacturing.
Meta Infotech Limited was originally incorporated as a private limited company on December 17, 1998 and converted to a public limited company in 2024. The company is involved in providing comprehensive cybersecurity solutions and services for protection and maintaining integrity of information and systems. Founded in 1998 and transitioning into the cybersecurity domain in 2010, the company delivers end-to-end cybersecurity solutions designed to address the challenges faced by large and medium-sized organizations across diversified industries such as Banking, Capital Market, NBFC, IT/ITES, Cybersecurity, Automobile, Insurance, Pharmaceutical, FMCG, Real Estate, Manufacturing and Other conglomerates. By optimizing and securing network resources, the company enables organizations to manage their digital infrastructure effectively. The company procures cybersecurity products from various international OEMs and serves as authorized reseller with agreements for distribution of cybersecurity products, softwares along with licenses and subscriptions. The company operates from offices in Andheri, Thane (Mumbai) and Hyderabad.
Objects of the Issue
- Repayment in full or in part, of certain of our outstanding borrowings ₹1,670.00 lakhs p.78
- Funding capital expenditure towards establishment of new office premises at Unit no 911, 9th Floor, MINT Sahar, Andheri - kurla Road, Andheri east, Mumbai ₹123.03 lakhs p.78
- Setup of an interactive experience centre at our registered office situated at Unit no 118 and 119, 1st Floor, Ackruti Star, MIDC, Andheri East, Mumbai 400093 ₹90.21 lakhs p.78
- General Corporate Purpose p.78
Issue Structure
- Total Issue
- Up to ₹[●] Lakhs (upto 49,80,000 Equity Shares of face value ₹10 each)
- Fresh Issue
- Upto 12,45,000 Equity Shares of ₹10 each aggregating ₹[●] Lakhs
- Offer for Sale
- Upto 37,35,000 Equity Shares by Promoter Selling Shareholder (Venu Gopal Peruri) aggregating ₹[●] Lakhs
- Price Band
- To be determined by the Company in consultation with the Book Running Lead Manager and advertised at least two working days prior to the Bid/Offer Opening Date
- Lot Size
- [●]
- Face Value
- ₹10 per Equity Share
Business Model
The company operates primarily on a project-based model providing cybersecurity products and services. Revenue is generated through: (1) Sale of cybersecurity products and software licenses from OEM vendors (approximately 89.55% of revenue in the stub period ended September 30, 2024); and (2) Services including sustenance services, professional services, managed security services, annual maintenance contracts, implementation services and training (approximately 10.45% of revenue). The company procures products from international OEMs and provides end-to-end solutions bundled with implementation, maintenance, training and on-site support to customers in India.
Business Segments
SWOT Analysis
- • Comprehensive end-to-end cybersecurity solutions portfolio across multiple domains(p.111)
- • Experienced management team with 15-25 years of industry experience(p.117)
- • Strong long-standing relationships with marquee customers including 21 retained for 3+ years(p.117)
- • Significant revenue growth with CAGR of 41.25% from FY2022 to FY2024(p.40)
- • Strong profitability metrics with PAT margin of 6.91% in FY2024(p.115)
- • Diversified revenue across multiple industries reducing concentration risk(p.117)
- • Strong in-house training capabilities and growing workforce from 55 to 262 employees(p.118)
- • High return on net worth of 34.97% in FY2024(p.115)
- • Heavy dependence on single largest customer contributing 72.96% of revenue in Sept 2024(p.117)
- • Concentration of top 10 customers in revenue generation at 89.50% of total(p.30)
- • High dependence on single largest OEM supplier contributing 91.38% of purchases(p.31)
- • No long-term or exclusive agreements with major customers(p.30)
- • No long-term contracts with OEM vendors/suppliers(p.31)
- • Past delay in payment of statutory dues including ESI, PF and Professional Tax(p.42)
- • Logo not registered with trademark registry as of document date(p.46)
- • Negative operating cash flows in FY2024 at minus ₹376.18 lakhs(p.40)
- • Branch office at Hyderabad on rental basis without ownership(p.36)
- • Unsecured loans repayable on demand totaling ₹881.77 lakhs as of Sept 2024(p.43)
- • Expand operations by establishing new office premises and experience centers(p.119)
- • IT industry expected to contribute 10% to India's GDP by 2025(p.103)
- • IT spending in India projected to grow at double-digit rate of 11.1% in 2024(p.105)
- • Grow business by enhancing technological capabilities in emerging areas(p.119)
- • Cloud security market projected to reach US$17.8 billion by 2027(p.107)
- • Government initiatives supporting cybersecurity R&D with 70 major projects(p.107)
- • Cybersecurity market growth with passwordless authentication expanding from USD 15.6B to 53B(p.109)
- • Rising demand for cybersecurity as digital literacy increases across India(p.119)
- • Services sector of IT industry expected to reach US$1 trillion by 2030(p.107)
- • Banking industry concentration at 78.52% of revenue creates sector vulnerability(p.118)
- • Intense competition from multiple players affecting pricing and margins(p.38)
- • Import dependence of 91.92% of purchases subject to regulatory restrictions(p.33)
- • Foreign currency fluctuations impacting import costs with imports of ₹14,056.58 lakhs(p.39)
- • Evolving data protection and cybersecurity regulations requiring constant compliance(p.34)
- • Vulnerability to cyber-attacks and security breaches affecting own infrastructure(p.34)
- • Geopolitical tensions affecting supply chains and commodity prices(p.101)
- • Global economic slowdown potentially reducing IT spending and demand(p.50)
- • Rapidly evolving cybersecurity threats requiring continuous technology updates(p.33)
- • Policy changes in USA impacting business stability with dependency on US economics(p.49)
- • Customer concentration risk with potential to lose business if customer transitions(p.40)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Venu Gopal Peruri | Promoter | 98.51% | — |
| Aditi Prasad Reddy | Promoter Group | 0.26% | — |
| Bhaskar Peruri | Promoter Group | 0.07% | — |
| Rajmohan Peruri | Promoter Group | 0.13% | — |
| Nagesh Ramana Peruri | Promoter Group | Negligible | — |
| Jyoti Kommuri | Promoter Group | 0.07% | — |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.