Meta Infotech Limited IPO (BSE SME)
July 4, 2025 – July 8, 2025
Price | ₹153 - ₹161 |
Premium | ₹0 |
---|---|
Lot size | 800 |
Allotment | Jul 9, 2025 |
Listing | Jul 11, 2025 |
IPO Details
Total Issue Size | 49,80,000 shares (aggregating up to 80.18 Cr) |
Fresh Issue | 12,45,000 shares (aggregating up to 20.04 Cr) |
Offer for Sale | 37,35,000 shares of (aggregating up to 60.13 Cr) |
Issue Type | Bookbuilding IPO |
Listing At | BSE SME |
Share Holding Pre Issue | 1,76,36,400 shares |
Reserved for Market Maker | 2,52,000 Shares |
IPO Reservation
Investor Category | Shares Offered |
---|---|
QIB Shares Offered | Not more than 50% of the Net Offer |
Retail Shares Offered | Not less than 35% of the Net Offer |
NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
Key Performance Indicator (KPI)
KPI | Sep-24 | Mar-24 | Mar-23 |
---|---|---|---|
ROE | 32.02% | 42.38% | 40.22% |
ROCE | 36.90% | 48.43% | 33.39% |
EPS (basic) | 6.5 | 5.96 | 3.71 |
P/E Pre IPO | |||
P/E Post IPO |
Period Ended | Sep-24 | Mar-24 | Mar-23 | Mar-22 |
---|---|---|---|---|
Assets | 89.58 | 59.03 | 76.41 | 59.2 |
Revenue | 184.81 | 153.05 | 109.54 | 76.65 |
Profit After Tax | 11.46 | 10.51 | 6.54 | 3.11 |
Net Worth | 41.5 | 30.05 | 19.54 | 13 |
Reserves and Surplus | 40.74 | 29.28 | 18.77 | 12.23 |
Total Borrowing | 8.82 | 0.77 | 7.6 | 16.22 |
About Company
Established in 1998, the company has grown to become one of India's most trusted names in the field of cybersecurity. With a workforce of approximately 262 employees as of September 30, 2024, the company delivers tailored digital protection services to key industries such as banking, IT, insurance, and manufacturing. Its operations are primarily based in India, with a strong local footprint and strategic industry presence.
🛡️ Core Services and Business Focus
The company offers a full spectrum of cybersecurity solutions. It provides consulting, implementation, and ongoing support, making it a one-stop destination for organizations looking to secure their IT environments. As an authorized reseller of leading global cybersecurity OEMs, the company delivers cutting-edge solutions like Secure Access Service Edge (SASE), database security, endpoint detection and response (EDR), data loss prevention, cloud and application security, identity and access management (IAM), and robust network and email security.
Beyond product offerings, it also provides critical professional services such as 24/7 managed security operations, implementation support, annual maintenance contracts (AMC), in-house cybersecurity training, and operational guidance. These services are designed to ensure continuous protection and optimal performance of clients’ cybersecurity infrastructure.
🌟 Strengths That Set the Company Apart
One of the company’s biggest strengths lies in its ability to deliver end-to-end cybersecurity solutions. It protects every layer of the digital ecosystem—from endpoints, networks, and cloud infrastructure to APIs, applications, databases, and user identities. This comprehensive approach is enhanced by supplementary services such as managed security, AMC, training programs, and expert consulting.
Leadership is another cornerstone of its success. The company is managed by a leadership team with over 15 to 25 years of experience in cybersecurity and IT infrastructure. Its Chief Technology Officer (CTO), in particular, brings both academic expertise and professional excellence, including a notable background in the Indian Navy. The skilled technical workforce has been instrumental in the company’s strategic execution and long-term growth.
The company also enjoys long-term relationships with a wide base of reputable clients. In the financial year 2024 alone, it served 99 domestic clients, with 21 of them continuing their engagement for more than three consecutive years. This high retention rate reflects the company’s ability to deliver consistent, high-value services while maintaining a sharp focus on customer satisfaction.
⚠️ Weaknesses and Operational Risks
Despite its strengths, the company does face some operational risks. It relies heavily on a few key OEM vendors for product sourcing, with one major supplier alone accounting for over 50% of total purchases in fiscal 2024. The lack of long-term contracts with these vendors increases its exposure to supply chain disruptions, which could significantly impact operations and revenue.
Another concern is the high concentration of revenue from a few core industries. The banking sector alone has consistently contributed more than 50% of the company’s revenue during the last three years and the stub period. A slowdown, regulatory change, or disruption in this sector could have a material impact on business performance and financial stability.
Finally, like many tech-driven organizations, the company’s growth depends heavily on retaining skilled professionals. The specialized nature of the cybersecurity field makes it challenging to attract and retain top talent. Any significant loss of technical expertise could hinder innovation, reduce service quality, and impact the company’s competitive edge.
📊 Final Overview
This company has positioned itself as a leading force in India's cybersecurity landscape. With a diverse set of high-quality services, experienced leadership, and strong client relationships, it is well-equipped for sustained growth. However, supply-side dependencies, industry revenue concentration, and talent retention remain important areas to manage carefully.
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