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Meta Infotech IPO
Meta Infotech Ltd
₹1,22,400 /800 sharesMinimum Investment
Meta Infotech IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹161.00 | ₹225.00 | ₹64.00 (39.75%) |
Meta Infotech IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 4 Jul ‘25 - 8 Jul ‘25 | ₹2,44,800 | 800 | ₹153 - ₹161 |
| Issue Size | IPO Doc |
|---|---|
| 80.18Cr | RHP PDF |
Subscription rate
As of 08 Jul'25, 05:00 PM
| Qualified Institutional Buyers | 147.79x |
| Non-Institutional Investor | 309.34x |
| Retail Individual Investor | 121.11x |
| Employees | 0.00x |
| Total | 111.21x |
About Meta Infotech
Founded in
1998
Managing director
Mr Venu Gopal Peruri
Parent organisation
Meta Infotech Ltd
Strengths & Financials of Meta Infotech
Strengths
Risks
Meta Infotech claims to offer a diverse range of cybersecurity solutions, including endpoint security, network security, cloud security, and SASE. The company believes this comprehensive approach ensures its clients receive tailored protection for all aspects of their digital infrastructure. The company further claims that its ability to bundle services such as implementation, maintenance, and training strengthens its position as a one-stop solutions provider for cybersecurity needs.
Meta Infotech claims to have developed long-term relationships with a diverse range of high-profile customers across various industries. During FY24, the company served about 99 domestic customers, including 21 who have been associated with them for the last three years.
Meta Infotech claims to serve a wide array of industries, including banking, IT/ITeS, automobile, and pharmaceuticals, among others. The company claims this diversification across verticals minimises its industry concentration risk.
Meta Infotech claims to have entered into agreements as authorised resellers of several OEMs. The company claims these partnerships have facilitated its development of a holistic product portfolio.
The company has witnessed an increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 76.25 crore in FY22 to Rs 108.41 crore in FY23 and Rs 152.13 crore in FY24. PAT increased from Rs 3.11 crore in FY22 to Rs 6.54 crore in FY23 and Rs 10.51 crore in FY24.
A significant portion of Meta Infotech's revenue comes from its top customer, which is one of the leading banks in India. It contributed Rs 134.24 crore (72.96 percent), Rs 89.01 crore (58.51 percent), and Rs 68.84 crore (63.50 percent), and Rs 32.96 crore (43.22 percent) to the company’s total revenue in the period ended September 30, 2024, FY24, FY23, and FY22, respectively. Any failure to retain this key customer, expand the customer base, or a loss of business from this client could adversely affect the company’s business and financial standing.
The company relies heavily on its top five OEM vendors/suppliers for its cybersecurity product offerings. They accounted for Rs 152.63 crore (99.81 percent) of the company’s total purchases for the period ended September 30, 2024, Rs 152.20 crore (99.27 percent) in FY24, Rs 70.36 crore (94.85 percent) in FY23, and Rs 71.53 crore (91.92 percent) in FY22. Furthermore, purchases from the top vendor constituted Rs 139.75 crore (91.38 percent), Rs 76.15 crore (65.62 percent), Rs 38.32 crore (51.65 percent), and Rs 21.07 crore (27.09 percent) of the company’s total purchases during the same periods. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
A substantial portion of Meta Infotech’s revenue comes from the banking sector. It contributed Rs 144.47 crore (78.52 percent) to the company’s total revenue in the period ended September 30, 2024, Rs 106.58 crore (70.06 percent) in FY24, Rs 80.40 crore (74.16 percent) in FY23, and Rs 44.38 crore (58.20 percent) in FY22. This dependence on the banking industry exposes the company to sector-specific risks, including regulatory changes or cyclical downturns.
Meta Infotech imports most of its cybersecurity products and software licences, primarily from the US and Singapore. The import purchases accounted for Rs 140.56 crore (91.92 percent), Rs 8843 crore (76.20 percent), Rs 46.72 crore (62.97 percent), and Rs 38.99 crore (50.10 percent) of the company’s total purchases in the period ended September 30, 2024, FY24, FY23, and FY22, respectively. Any regulatory changes, denial of import approvals, or other disruptions in these countries may hurt the company’s supply chain.
The company reported negative cash flow from operating revenue of Rs 3.76 crore for the year ending March 31, 2024, and negative cash flow from investing activities amounting to Rs 5.47 crore in the period ending September 30, 2024, Rs 18.64 crore in FY23, and Rs 7.70 crore in FY22. Furthermore, the company experienced negative cash flow from financing activities, amounting to Rs 8.16 crore in FY24 and Rs 9.19 crore in FY23. If cash outflows continue to exceed inflows in the future, the company may face liquidity challenges.
The company has contingent liabilities amounting to Rs 8.53 crore as of September 30, 2024. If these contingent liabilities materialise, they may adversely impact the company’s cash flows and financial position.
The company is involved in various ongoing legal proceedings, including criminal and tax-related matters. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
As of October 31, 2024, Meta Infotech had outstanding financial indebtedness of Rs 21.25 crore. Any failure to service or repay these loans can hurt the company’s operations and financial position.
Meta Infotech Financials
*All values are in Rs. Cr
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Application Details of Meta Infotech IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹153 - 161 | ₹2 - 5 Lakh |
| Employee | ₹143 - 151 | ₹2 - 5 Lakh |
| High Networth Individual | ₹153 - 161 | ₹2 - 5 Lakh |
For Meta Infotech IPO, eligible investors can apply as Regular & Employee.