Meta Infotech Ltd., which launched its initial public offering (IPO) on Friday, will close for subscription today. The SME IPO has been booked over 160 times so far on Tuesday.
The company aims to raise over Rs 80 crore from the primary market. Meta Infotech provides cybersecurity solutions to clients in several industries.
Here's all you need to know about the SME IPO of Meta Infotech.
Meta Infotech IPO: Price Band, Offer Size And Important Dates
The Meta Infotech IPO is a book-building issue of Rs 80.18 crore. It comprises a fresh issue of 12.45 lakh shares, worth Rs 20.04 crore, and an offer-for-sale (OFS) portion of 37.35 lakh shares, amounting to Rs 60.13 crore.
The price band for the IPO has been set at Rs 161 per share.
Of the 49,80,000 shares on offer, the share allocation is as follows:
9,35,200 (18.78%) to Qualified Institutional Buyers
7,02,400 (14.10%) to Non-Institutional Investors
16,37,600 (32.88%) to Retail Investors
14,02,400 (28.16%) to Anchor investors.
Retail investors can invest in the IPO by bidding for two lots comprising 1,600 shares. It will lead to an investment of Rs 2,44,800. High Net-Worth Individuals (HNIs) need to bid for at least three lots, amounting to an investment of Rs 3,86,400.
Hem Securities Ltd. is the book-running lead manager of the Meta Infotech IPO. KFin Technologies Ltd. is the registrar and Hem Finlease Pvt. is the market maker for the issue.
The company will finalise the allotment of shares on July 9. Meta Infotech will transfer shares to the Demat accounts of successful bidders on July 10, and refunds for non-allottees will be done on the same day.
Shares of Meta Infotech are proposed to be listed on the BSE SME platform on July 11.
Meta Infotech IPO Day 3 Subscription Status
The Meta Infotech IPO has been subscribed 164.69 times as of 4:00 p.m. on Tuesday, as per the market tracking site Chittorgarh.
Qualified Institutional Buyers: 147.76 times
Non-Institutional Investors: 308.59 times
Individual Investors (IND category bidding for 2 Lots): 117.68 times
*The subscription status will be updated at regular intervals
Meta Infotech IPO GMP Today
The grey market premium (GMP) for the Meta Infotech IPO was Rs 43 as of 3:30 p.m. on July 8. The latest GMP indicates a listing price of Rs 204 apiece at a premium of 26.71% against the upper limit of the price band.
Note: GMP does not represent official data and is based on speculation.
Meta Infotech IPO Allotment Details
Investors who bid for the SME issue of Meta Infotech can verify their share allotment status on the websites of BSE and KFin Technologies.
The step-by-step guide to check the Meta Infotech IPO allotment status will be shared soon.
About Meta Infotech
Meta Infotech is a provider of cybersecurity solutions such as email security, cloud security and web security. It was incorporated in 1998.
Use Of Proceeds
The company has proposed to utilise proceeds from the IPO to clear debt, establish a new office and for general corporate purposes.
Financials
The company reported a 37.96% year-on-year (YoY) increase in profit after tax (PAT) to Rs 14.5 crore in FY25 from Rs 10.51 crore in FY24. Total income rose 43.76% YoY to Rs 220.02 crore in FY25 from Rs 153.05 crore in FY24.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
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