Meta Infotech IPO: Price Band, GMP, Day 1 Subscription Status And Other Key Details
The grey market premium (GMP) for the Meta Infotech IPO was Rs 40 as of 9:30 a.m. on July 4.
Meta Infotech Ltd. launched its initial public offering (IPO) on Fridat to raise over Rs 80 crore from the primary market. The company provides cybersecurity solutions to clients in several industries. Investors who want to bid for shares in the IPO can check the following details before making an investment call.
Meta Infotech IPO: Key Details
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 between Rs 153 and Rs 161 per share.
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.
Investors who want to participate in the BSE SME IPO subscription can bid for shares from July 4 to July 8. The allotment of shares will be finalised on July 9. The company 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 the company are proposed to be listed on the BSE SME platform on July 11.
Retail investors will be offered 33.22% of the shares and 47.42% of the shares are reserved for Qualified Institutional Buyers.
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.
Meta Infotech IPO Subscription Status
The Meta Infotech IPO has been subscribed 0.08 times as of 10:45 a.m. on Friday, as per market tracking site Chittorgarh.
Qualified Institutional Buyers: nil
Non-Institutional Investors: 0.09 times
Individual Investors (IND category bidding for 2 Lots): 0.14 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 40 as of 9:30 a.m. on July 4. The latest GMP indicates a listing price of Rs 201 apiece at a premium of 24.84% against the upper limit of the price band.
Note: GMP does not represent official data and is based on speculation.
Meta Infotech Business And Financials
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.
