Latest news with #MetaInfotech
Business Standard
2 days ago
- Business
- Business Standard
BSE SME Meta Infotech logs in with a bang
Shares of Meta Infotech was trading at Rs 236.25 on the BSE, a premium of 46.74% compared with the issue price of Rs 161. The scrip was listed at Rs 225, a premium of 39.75% compared with the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price. The counter hit a high of Rs 236.25 and a low of Rs 225. About 19.90 lakh shares of the company changed hands at the counter. Meta Infotech's IPO was subscribed 155.28 times. The issue opened for bidding on 4 July 2025 and it closed on 8 July 2025. The price band of the IPO was set at Rs 153 to Rs 161 per share. The IPO comprised 49,80,000 equity shares, including a fresh issue of upto 12,45,000 equity shares and offer for sale (OFS) of upto 37,35,000 equity shares. The promoter and promoter group shareholding diluted to 68.90% from 94.94% pre-offer. The company intends to utilize the net proceeds to repay in full or in part certain outstanding borrowings, fund capital expenditure for the establishment of new office premises at Andheri East, Mumbai, set up an interactive experience centre at its registered office located at MIDC, Andheri East, Mumbai, and for general corporate purposes. Ahead of the Meta Infotech on 3 July 2025, raised Rs 22.57 crore from anchor investors. The board has allotted 14.02 lakh shares at Rs 161 per share to 15 anchor investors. Meta Infotech provides cybersecurity solutions to large and medium-sized organizations across India. The company delivers comprehensive cybersecurity solutions and services to protect and maintain the integrity of information and systems. As of 31 March 2025, the company employed approximately 265 employees at various levels of the organization. The company recorded revenue from operations of Rs 218.82 crore and a net profit of Rs 14.50 crore for the period ended 31 March 2025.
Time of India
2 days ago
- Business
- Time of India
Meta Infotech shares list at Rs 225 on BSE SME; 40% premium over IPO price — check details
Meta Infotech made a strong debut on the BSE SME platform on Thursday, listing at Rs 225 per share, a sharp 39.75% increase from the initial IPO price of Rs 161. The company's public offering of Rs 80.18 crore witnessed substantial oversubscription at 166.94 times, with high-net-worth individuals showing exceptional interest, oversubscribing their quota by 309 times, ET reported. The public issue included a fresh issue of 12.45 lakh shares worth Rs 20.04 crore and an offer for sale (OFS) of 37.35 lakh shares amounting to Rs 60.13 crore. Retail investors oversubscribed 122.01 times, whilst QIBs subscribed 147.76 times, and non-institutional investors demonstrated remarkable interest with 309.16 times subscription. Established in 1998, Meta Infotech delivers comprehensive cybersecurity solutions to various sectors including banking, IT, insurance and manufacturing. The organisation provides consulting, implementation and managed services, whilst serving as an authorised distributor for global OEM cybersecurity solutions. The company's financial results showed significant growth, with revenue increasing by 44% to Rs 220.02 crore and net profit rising by 38% to Rs 14.50 crore in FY25. Given the robust demand and positive GMP indicators, the company's market performance is anticipated to remain strong. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
2 days ago
- Business
- Time of India
Meta Infotech shares list at 40% premium over IPO price on BSE SME platform
Meta Infotech made a strong debut on the BSE SME platform today, listing at Rs 225 per share, a 39.75% premium over its IPO price of Rs 161. The Rs 80.18 crore public issue was subscribed 166.94 times overall, with particularly strong interest from high-net-worth individuals (HNIs), whose quota was subscribed over 309 times. The offer consisted of a fresh issue of 12.45 lakh shares (Rs 20.04 crore) and an offer for sale (OFS) of 37.35 lakh shares (Rs 60.13 crore). The net issue saw 122.01 times subscription by retail investors, 147.76 times by QIBs, and a massive 309.16 times by non-institutional investors (NIIs). Meta Infotech, incorporated in 1998, specializes in end-to-end cybersecurity solutions across sectors including banking, IT, insurance, and manufacturing. The company offers consulting, implementation, and managed services, and is also an authorized reseller of cybersecurity solutions from global OEMs. As of March 2025, it employed 265 professionals and maintained a strong client base and partnerships across India. In financial performance, Meta Infotech reported a 44% rise in revenue to Rs 220.02 crore and 38% growth in net profit to Rs 14.50 crore in FY25. The proceeds from the fresh issue will be used to repay borrowings, establish a new office and an experience centre in Mumbai, and for general corporate purposes. The IPO was managed by Hem Securities, with KFin Technologies as the registrar. With robust demand and a healthy GMP, Meta Infotech is expected to make a strong debut.
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Business Standard
2 days ago
- Business
- Business Standard
Meta Infotech shares list at 40% premium on BSE SME, beat IPO GMP estimate
Meta Infotech IPO listing, Meta Infotech share price: Shares of cybersecurity solutions provider Meta Infotech made a strong debut on the BSE SME platform on Friday, July 11, following the completion of its initial public offering (IPO). The stock listed at ₹225 per share, reflecting a premium of ₹64 or 39.75 per cent over the IPO issue price of ₹161. As a result, investors who were allotted Meta Infotech shares in the IPO made a profit of nearly ₹51,200 per lot (800 shares) upon listing. Meta Infotech IPO listing outperformed grey market expectations. Prior to the debut, its unlisted shares were trading at around ₹211 in the grey market, indicating a grey market premium (GMP) of ₹50 or approximately 31.06 per cent over the issue price, according to sources tracking unofficial market activity. Meta Infotech IPO details Meta Infotech IPO comprises a fresh issue of 124.5 million equity shares aggregating to ₹20.04 crore and offer for sale (OFS) with promoter Venu Gopal Peruri divesting up to 373.5 million equity shares worth ₹60.13 crore. The public offering was available for subscription from Friday, July 4, to Tuesday, July 8, at a price band of ₹153 - ₹161 per share and a lot size of 800 shares. The public issue received an overwhelming demand from investors, getting oversubscribed by a whopping 155.28 times by the end of the subscription period, showed the BSE data. The company fixed the final issue price at ₹161 per share on July 9, 2025, when the basis of allotment was finalised. Meta Infotech will not receive any proceeds from the OFS. "The Promoter Selling Shareholder will be entitled to the respective proportion of the proceeds of the Offer for Sale after deducting their portion of the Offer-related expenses and relevant taxes thereon," said the company in its Red Herring Prospectus (RHP). The company, however, proposes to utilise the proceeds from the fresh offering for the repayment, in full or in part, of certain outstanding borrowings, and for funding capital expenditure towards the establishment of new office premises in Andheri East, Mumbai. The company will further use the proceeds for establishing an interactive experience centre at its registered office situated in Andheri East, Mumbai. The remaining proceeds, the company said, will be used for general corporate purposes. About Meta Infotech Incorporated in 1998, Meta Infotech provides cybersecurity solutions for industries like banking, IT, and manufacturing. The company offers services such as consulting, implementation, and sustenance, protecting information and systems. The company is an authorised reseller of international OEMs' cybersecurity products, providing solutions for secure access and cloud workload protection. The company provides end-to-end cybersecurity solutions, including network security, data protection, and identity management.
News18
4 days ago
- Business
- News18
Meta Infotech IPO Allotment Today: A Step-By-Step Guide To Check Allotment Status, Know Latest GMP
The GMP of the Meta Infotech IPO stands at nearly 28%, indicating strong listing gains for investors; here's how to check allotment status. Meta Infotech IPO Allotment Status: The basis of allotment for the shares of Meta Infotech Ltd will be finalised today, July 9, in the evening. The IPO, which closed on Wednesday, July 8, got a huge response among investors, receiving a whopping 166.94 times subscription on the last day of the three-day bidding. As a result, its GMP currently stands at 27.95%, indicating strong listing gains for investors. Here's how to check allotment status: The allotment status of the Meta Infotech IPO can be checked online on the websites of the BSE as well as registrar Kfin Technologies. Investors will also receive a bank alert via SMS about debit (in case of allotment) or unblock (in case of non-allotment) of their funds. Via Kfin Technologies 1. Visit Kfin Technologies' portal – 2. Choose 'Meta Infotech Limited' from the drop-down list under 'Select IPO'. 3. Choose 'Application No', 'Demat Account', or 'PAN' 4. Enter your Application No, Demat Account or PAN (whatever you have chosen in the previous step) 5. Enter Captcha and hit 'Submit'. Your share application status will appear on your screen. 1. Go to the official BSE website via the URL — 2. Under 'Issue Type', select 'Equity'. 3. Under 'Issue Name', select 'Meta Infotech Ltd' in the dropbox. 4. Enter your application number, or the Permanent Account Number (PAN). Those who want to check their allotment status via PAN can select the 'Permanent Account Number' option. 5. Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. Your share application status will appear on your screen. Meta Infotech IPO GMP Today According to market observers, unlisted shares of Meta Infotech Ltd are currently trading at Rs 206 against its upper IPO price of Rs 161. It means a grey market premium or GMP of Rs 45, which is 27.95% over its issue price, indicating strong listing gains. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. On the last day of bidding on Tuesday, the issue received a 166.94 times subscription, garnering bids for 55,51,70,400 shares as against the 33,25,600 shares on offer. The retail and NII participation stood at 122.01x and 309.16x, respectively. The QIB category also received a 147.76x subscription. The IPO, which aimed to raise Rs 80.18 crore, was open for public subscription between July 4 and July 8. Meta Infotech IPO Listing Date The shares of Meta Infotech Ltd will be listed on the BSE SME platform on July 11. Meta Infotech IPO Price The price of the IPO was fixed at Rs 161 apiece. Meta Infotech IPO: More Info The Meta Infotech IPO, which is a book-building of Rs 80.18 crores, is a combination of fresh issue of 12.45 lakh shares aggregating to Rs 20.04 crore and an offer for sale of 37.35 lakh shares aggregating to Rs 60.13 crore. The issue includes a reservation of up to 50,400 shares for employees offered at a discount of Rs 10 to the issue price. Meta Infotech's revenue increased 44% and profit after tax (PAT) rose 38% between the financial year ending with March 31, 2025 and March 31, 2024. Hem Securities Limited is the book-running lead manager of the Meta Infotech IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Meta Infotech IPO is Hem Finlease Private Limited. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
