Meta Infotech Ltd IPO
Status: Current
Overview
IPO date
04 Jul 2025 to 08 Jul 2025
Face value
₹ 10 per share
Price
₹ 153 to ₹161 per share
Issue Size
4,980,000 shares
(aggregating up to ₹ 80.18 Cr)
(aggregating up to ₹ 80.18 Cr)
Allotment Date
09 Jul 2025
Listing at
NSE
Issue type
Book Building - SME
Sector
IT - Software
Objectives of Meta Infotech Ltd IPO
Initial public offer of upto 49,80,000 equity shares of face value of Rs. 10/- each (The "Equity Shares") of Meta Infotech Limited ("The Company" or "MIL" or "The Issuer") at an offer price of Rs. [*] per equity share for cash, aggregating up to Rs. [*] crores ("Public Offer") comprising of a fresh issue of upto 12,45,000 equity shares aggregating to Rs. [*] crores (The "Fresh Issue") and an offer for sale of upto 37,35,000 equity shares by the promoter selling shareholder, Venu Gopal Peruri ("Offer for Sale") aggregating to Rs. [*] crores, (Hereinafter Refferd as "Promoter Selling Shareholder") out of which 2,52,000 equity shares of face value of Rs. 10 each, at an offer price of Rs. [*] per equity share for cash, aggregating Rs. [*] crores will be reserved for subscription by the market maker to the offer (The "Market Maker Reservation Portion") and upto 50,400 equity shares aggregating up to Rs. [*] crores for subscription by eligible employees (As Defined Hereinafter) (The "Eemployee Reservation Portion"). The public offer less market maker reservation portion and employee reservation portion i.e. offer of 46,77,600 equity shares of face value of Rs. 10 each, at an offer price of Rs. [*] per equity share for cash, aggregating Rs. [*] crores is herein after referred to as the "Net Offer". The public offer and net offer will constitute 26.38 % and 24.77 % respectively of the post-offer paid-up equity share capital of the company.
Price Band: Rs. 153 to Rs. 161 per equity share of face value of Rs. 10 each.
The floor price is 15.3 times of the face value and the cap price is 16.1 times of the face value.
Bids can be made for the minimum of 1600 equity shares and in multiples of 800 equity shares thereafter.
A discount of Rs. 10 per equity shares is being offered to eligible employees bidding in the employee reservation portion.
Meta Infotech Ltd IPO Strategy
- To build professional organization by recruiting and retaining highly-skilled employees.
- Grow its business by enhancing its technological capabilities and expanding its domain expertise.
- Continue to maintain strong relationships with its customers.
- Expansion of operations by setting up additional offices and experience centres and increasing outreach to larger customer base.
About Meta Infotech Ltd
Meta Infotech Limited was originally incorporated as 'Meta Infotech Private Limited' a Private Limited Company at Mumbai dated December 17, 1998 issued by the RoC, Central Registration Centre. Subsequently, Company converted into a Public Limited Company and the name was changed to 'Meta Infotech Limited' vide a fresh Certificate upon the Conversion to Public Company dated September 02, 2024, issued by the Registrar of Companies, Mumbai.
Since year 2019 onwards, the Company is involved in the business of providing cybersecurity solutions to large and medium sized organizations across India. Company delivers comprehensive cybersecurity solutions and services for protection and maintaining integrity of information and systems. It work for safeguarding the digital infrastructures of companies belonging to diversified industries such as Banking, Capital Market, NBFC, IT/ITeS, Cybersecurity, Automobile, Insurance, Pharmaceutical, FMCG, Real Estate, Manufacturing and Other conglomerates etc. With the domain expertise, it provide cybersecurity solutions designed to address the challenges faced by these sectors. By optimizing and securing network resources, Company enable organizations to manage their digital infrastructure effectively, ensuring reliable and scalable connectivity to support their evolving network needs.
The cybersecurity products have been procured from various international OEMs who develop solutions to ensure secure access, defense for web applications, cloud workload protection etc. Moreover, it provide onsite resources along with training services to organizations. The cybersecurity services include Secure Access Service Edge (SASE): Also known as ZTNA, brings cloud native security technologies together with wide area network (WAN); database Sscurity for analyzing database activities in real time to detect and respond to potential security threats, ensuring the integrity and confidentiality of sensitive information; protect Application Programming Interfaces (APIs) from threats & vulnerabilities and make interactions between different software systems, protecting cloud-based assets and services from cyber threats; safeguarding communications and preventing phishing attacks; network security for defending against external threats and vulnerabilities and managing user identities and access controls.
The Company is planning an IPO of 1245000 Equity Shares through Fresh Issue and 3735000 Equity Shares Offer for Sale aggregating to 49,80,000 Equity Shares of face value of Rs 10/- each.
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T&C*
Strengths vs Risks of Meta Infotech Ltd
Know the pros & cons
Strengths
"One Stop Shop" for safeguarding the digital assets and infrastructure.- Experienced Management Team and Qualified Pool of Employees.
- Long standing relationship with marquee customer base.
- Catering to wide range of end use industries.
- Long standing relationships with various Cybersecurity OEM Developers.
- Stable and consistent financial performance.
Risks
- The company derives a significant portion of its revenue from operations from a few customers, with the company single largest
customer contributing more than 50%, of its revenue from operations during the last three financial years. Loss
of any of these customers or a reduction in business with any of them could adversely affect its business, results
of operations and financial condition.
- The company is heavily reliant on a few vendors/ suppliers who are the OEM for the products marketed by it, with the company
single largest supplier contributing to more than 50% of its purchases during the last three financial years.
Moreover, the company has not entered into long-term contracts or arrangements with these OEM vendors. Any loss of such
vendors/suppliers may disrupt its operations and will have a material adverse impact on the company business and its
revenue.
- The company is dependent on few Industries for majority of its revenue from operations with banking industry contributing
to more than 50% of the company revenue from operations during the last three financial years. Downtrend or change in
regulatory framework in these Industries may result in an adverse effect on its business, revenue from operations
and financial conditions.
- The company has experienced negative operating cash flows in the past. Any operating losses or negative cash flows in the
future could adversely affect its results of operations and financial conditions.
- Some of its Group Companies and Promoter Group Entities operate in the same line of business as its, which
may lead to conflict of interest.
- Its import majority of the products and software licenses offered by us. Any restrictions on imports or fluctuation
in foreign currencies that affect the company purchase prices could adversely affect its business, results of operations, cash
flows and financial condition.
- Its business is subject to evolving laws regarding privacy, data protection and other related matters. Many of these
laws are subject to change and could result in claims, changes to its business practices, monetary penalties,
increased cost of operations, or declines in customer growth or engagement, which may harm the company business.
- The company is vulnerable to cyber-attacks, computer viruses, ransom ware and electronic break-ins which will may disrupt
its operations and may have any material adverse effect on its business, financial performance and results of
operations.
- If the company is unable to develop or innovate its service offerings to address emerging business demands and
technological trends, it may adversely impact the company business and future growth.
- If its pricing structures does not accurately anticipate the cost, complexity and duration of its work, then the company
contracts could result in cost and time overruns, which could make its orders unprofitable.
- Its customers may assert claims for damages against it or terminate the company contracts which may have a material
adverse effect on its business, financial condition, results of operations and prospects.
- In the past its Managing Director, Venu Gopal Peruri was subject to disqualification.
- There are certain outstanding legal proceedings involving the Company. Any failures to defend these proceedings
successfully may have an adverse effect on its business prospects, reputation, financial conditions and result of
ongoing operations.
- The company does not own the Branch office from which we carry out its business activities.
- If the company is unable to retain the services of members of its Key Managerial Personnel and Senior Management, its
business and the company competitive position and customer relationships, may be adversely affected.
- Its past growth rates may not be indicative of the company future growth, and if its unable to manage the company growth or
adapt to evolving customer demands and market trends, and execute its strategies effectively, the company business,
financial condition, cash flows and prospects may be adversely affected.
- There have been certain instances of non-compliances/ discrepancies, including with respect to certain secretarial/
regulatory filings for corporate actions taken by the Company in the past. Consequently, its may be subject to
regulatory actions and penalties for any such non-compliance/ discrepancies and the company business, financial position
and reputation may be adversely affected.
- The Company, in the past has delayed in payment of statutory dues. Any Penalty or demand raised by statutory
authorities in future will affect its financial position of the Company.
- Its contingent liabilities as stated in the company Restated Financial Statements could affect its financial condition.
- The Company's logo Meta Infotech is not registered as on date of this Red Herring Prospectus.
- Software failures, breakdowns in the operations of its servers and communications systems or the failures to
implement system enhancements could harm its business.
- Intense competition in the market for cybersecurity products and services could affect its pricing, which could
reduce the company share of business from clients and decrease its revenues and profitability.
- The Company's success depends largely upon its skilled professionals and its ability to attract and retain these
personnel. The industry where our Company operates requires highly skilled and technical employee.
- The growth of its business depends on the company ability to resolve cybersecurity threats or issues faced by its customers,
based on latest technology. If the company is not able to enhance its current portfolio in response to evolving industry
requirements, its operating results may be negatively affected.
- Its insurance coverage may not be adequate to protect it against certain operating hazards and this may have a
material adverse effect on its business.
- Fluctuation in foreign currency exchange rates could affect its financial condition and results of operations.
- The Company operates under several statutory and regulatory registrations, licenses and approvals. Its inability
to obtain, renew or retain the statutory and regulatory licenses permits and approvals required to operate the company
business may have an adverse effect on its business & operations.
- Its current order book value is not necessarily indicative of future growth. Further, majority of the order book
consists of order received from a single customer, these orders that constitute our current order book could be
cancelled, put in abeyance, delayed, or not paid for by its customers, which could adversely affect the company financial
condition.
- The Company in the past has entered into Related Party Transactions and may continue to do so in future also,
which may affect its competitive edge and better bargaining power.
- The company will not receive any proceeds from the Offer for Sale. The Promoter Selling Shareholder will receive the net
proceeds from the Offer for Sale.
- The company has incurred indebtedness which exposes it to various risks which may have an effect on the company business and
results of operations.
- Loans availed by the Company has been secured on personal guarantees of its directors.
- Its inability to modify the company pricing models to retain existing clients and attract prospective clients may have an
adverse impact on its business, financial condition and results of operations.
- The company is required to comply with certain restrictive covenants under its financing agreements. Any non-compliance
may lead to, amongst others, accelerated repayment schedule and suspension of further drawdowns, which may
adversely affect its business, results of operations, financial condition and cash flows.
- Failures by its third parties to supply or deliver products according to schedules, prices, quality and volumes that
are acceptable to it may lead to delay in delivery of cyber-security solutions to our customers resulting in an adverse
effect on the company business and its ability to retain and expand the company customer base.
- The implementation process of solutions may in some cases be time consuming, and any failures to satisfy its clients
or perform as desired could harm the company business, results of operations, and financial condition.
- If the company fails to maintain an effective system of internal controls, its may not be able to successfully manage or
accurately report its financial risk. Employee misconduct or such failures of the company internal processes or procedures
could harm it by impairing our ability to attract and retain customers and subject it to significant legal liability
and reputational harm.
- The company intend to utilize a portion of the Net Proceeds for funding its capital expenditure requirements for
establishment of new office. If the costs of this development and the risk of unanticipated delays in implementation
and cost overruns related to the said development are higher than expected, it could have a material adverse effect
on its financial condition, results of operations and growth prospects
- The average cost of acquisition of Equity Shares by its Promoter, could be lower than the price determined at time
of filing the Prospectus.
- The Objects of the Offer for which funds are being raised have not been appraised by any bank or financial
institution. Any variation between the estimation and actual expenditure as estimated by the management could
result in execution delays or influence its profitability adversely.
- Its ability to pay dividends in the future will depends on the company earnings, financial condition, working capital
requirements, capital expenditures and restrictive covenants of its financing arrangements.
- The deployment of funds raised through this Offer shall not be subject to any Monitoring Agency and shall be
purely dependent on the discretion of the management of the Company.
- Any future issuance of Equity Shares, convertible securities or other equity linked securities by it and any sale of
Equity Shares by its significant shareholders may dilute your shareholding and adversely affect the trading price
of the Equity Shares.
- If the company is unable to manage its growth effectively and further expand into new markets the company business, future
financial performance and results of operations could be materially and adversely affected.
- Its Promoter and Promoter Group shall continue to retain significant control in the Company after the Offer,
which shall allow them to influence the outcome of matters submitted to shareholders for approval. Such a
concentration of ownership may also have the effect of delaying, preventing or deterring a change in control.
- Certain key performance indicators for certain listed industry peers included in this Red Herring Prospectus have
been sourced from public sources and there is no assurance that such financial and other industry information is
complete
- The Offer price of its Equity Shares may not be indicative of the market price of the company Equity Shares after the Issue
and the market price of its Equity Shares may decline below the Offer price and you may not be able to sell your
Equity Shares at or above the Offer Price.
- There is no guarantee that the Equity Shares issued pursuant to the Offer will be listed on the BSE SME Platform
of BSE Limited in a timely manner or at all.
- Certain data mentioned in this Red Herring Prospectus has not been independently verified.
- Any of the Bidders are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the
Bid Amount) at any stage after submitting a Bid.
Meta Infotech Ltd Peer Comparison
Understand the company’s industry standing
Meta Infotech Ltd
TAC Infosec Limited
Quick Heal Technologies Limited
Face Value
10
10
10
Standalone / Consolidated
Standalone
Standalone
Standalone
Total Income Rs. Cr.
220.02
32.2
300.3
EPS-Basis
8.22
13.77
0.94
EPS-Diluted
8.22
13.63
0.91
NAV Per Share
---
---
---
P/E-Basic EPS
---
---
---
P/E-Diluted EPS
---
---
---
RONW(%)
32.55
26.86
1.14
Latest NAV Period
---
---
---
Latest NAV
---
---
---
How to check the allotment status of Meta Infotech Ltd IPO?
Follow the steps
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
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The IPO opens on 04 Jul 2025 & closes on 08 Jul 2025.
Meta Infotech Limited was originally incorporated as 'Meta Infotech Private Limited' a Private Limited Company at Mumbai dated December 17, 1998 issued by the RoC, Central Registration Centre. Subsequently, Company converted into a Public Limited Company and the name was changed to 'Meta Infotech Limited' vide a fresh Certificate upon the Conversion to Public Company dated September 02, 2024, issued by the Registrar of Companies, Mumbai.
Since year 2019 onwards, the Company is involved in the business of providing cybersecurity solutions to large and medium sized organizations across India. Company delivers comprehensive cybersecurity solutions and services for protection and maintaining integrity of information and systems. It work for safeguarding the digital infrastructures of companies belonging to diversified industries such as Banking, Capital Market, NBFC, IT/ITeS, Cybersecurity, Automobile, Insurance, Pharmaceutical, FMCG, Real Estate, Manufacturing and Other conglomerates etc. With the domain expertise, it provide cybersecurity solutions designed to address the challenges faced by these sectors. By optimizing and securing network resources, Company enable organizations to manage their digital infrastructure effectively, ensuring reliable and scalable connectivity to support their evolving network needs.
The cybersecurity products have been procured from various international OEMs who develop solutions to ensure secure access, defense for web applications, cloud workload protection etc. Moreover, it provide onsite resources along with training services to organizations. The cybersecurity services include Secure Access Service Edge (SASE): Also known as ZTNA, brings cloud native security technologies together with wide area network (WAN); database Sscurity for analyzing database activities in real time to detect and respond to potential security threats, ensuring the integrity and confidentiality of sensitive information; protect Application Programming Interfaces (APIs) from threats & vulnerabilities and make interactions between different software systems, protecting cloud-based assets and services from cyber threats; safeguarding communications and preventing phishing attacks; network security for defending against external threats and vulnerabilities and managing user identities and access controls.
The Company is planning an IPO of 1245000 Equity Shares through Fresh Issue and 3735000 Equity Shares Offer for Sale aggregating to 49,80,000 Equity Shares of face value of Rs 10/- each.
Meta Infotech Ltd IPO will close on 08 Jul 2025.
- "One Stop Shop" for safeguarding the digital assets and infrastructure.
- Experienced Management Team and Qualified Pool of Employees.
- Long standing relationship with marquee customer base.
- Catering to wide range of end use industries.
- Long standing relationships with various Cybersecurity OEM Developers.
- Stable and consistent financial performance.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Venu Gopal Peruri | 16652121 | 94.42 | 16652121 | 68.41 |
| 2 | Aditi Prasad Reddy | 46000 | 0.26 | 46000 | 0.24 |
| 3 | Bhaskar Peruri | 11500 | 0.07 | 11500 | 0.06 |
| 4 | Rajmohan Peruri | 22770 | 0.13 | 22770 | 0.12 |
| 5 | Nagesh Ramana Peruri | 230 | --- | 230 | --- |
| 6 | Jyoti Kommuri | 11500 | 0.07 | 11500 | 0.06 |
- The company derives a significant portion of its revenue from operations from a few customers, with the company single largest customer contributing more than 50%, of its revenue from operations during the last three financial years. Loss of any of these customers or a reduction in business with any of them could adversely affect its business, results of operations and financial condition.
- The company is heavily reliant on a few vendors/ suppliers who are the OEM for the products marketed by it, with the company single largest supplier contributing to more than 50% of its purchases during the last three financial years. Moreover, the company has not entered into long-term contracts or arrangements with these OEM vendors. Any loss of such vendors/suppliers may disrupt its operations and will have a material adverse impact on the company business and its revenue.
- The company is dependent on few Industries for majority of its revenue from operations with banking industry contributing to more than 50% of the company revenue from operations during the last three financial years. Downtrend or change in regulatory framework in these Industries may result in an adverse effect on its business, revenue from operations and financial conditions.
- The company has experienced negative operating cash flows in the past. Any operating losses or negative cash flows in the future could adversely affect its results of operations and financial conditions.
- Some of its Group Companies and Promoter Group Entities operate in the same line of business as its, which may lead to conflict of interest.
- Its import majority of the products and software licenses offered by us. Any restrictions on imports or fluctuation in foreign currencies that affect the company purchase prices could adversely affect its business, results of operations, cash flows and financial condition.
- Its business is subject to evolving laws regarding privacy, data protection and other related matters. Many of these laws are subject to change and could result in claims, changes to its business practices, monetary penalties, increased cost of operations, or declines in customer growth or engagement, which may harm the company business.
- The company is vulnerable to cyber-attacks, computer viruses, ransom ware and electronic break-ins which will may disrupt its operations and may have any material adverse effect on its business, financial performance and results of operations.
- If the company is unable to develop or innovate its service offerings to address emerging business demands and technological trends, it may adversely impact the company business and future growth.
- If its pricing structures does not accurately anticipate the cost, complexity and duration of its work, then the company contracts could result in cost and time overruns, which could make its orders unprofitable.
- Its customers may assert claims for damages against it or terminate the company contracts which may have a material adverse effect on its business, financial condition, results of operations and prospects.
- In the past its Managing Director, Venu Gopal Peruri was subject to disqualification.
- There are certain outstanding legal proceedings involving the Company. Any failures to defend these proceedings successfully may have an adverse effect on its business prospects, reputation, financial conditions and result of ongoing operations.
- The company does not own the Branch office from which we carry out its business activities.
- If the company is unable to retain the services of members of its Key Managerial Personnel and Senior Management, its business and the company competitive position and customer relationships, may be adversely affected.
- Its past growth rates may not be indicative of the company future growth, and if its unable to manage the company growth or adapt to evolving customer demands and market trends, and execute its strategies effectively, the company business, financial condition, cash flows and prospects may be adversely affected.
- There have been certain instances of non-compliances/ discrepancies, including with respect to certain secretarial/ regulatory filings for corporate actions taken by the Company in the past. Consequently, its may be subject to regulatory actions and penalties for any such non-compliance/ discrepancies and the company business, financial position and reputation may be adversely affected.
- The Company, in the past has delayed in payment of statutory dues. Any Penalty or demand raised by statutory authorities in future will affect its financial position of the Company.
- Its contingent liabilities as stated in the company Restated Financial Statements could affect its financial condition.
- The Company's logo Meta Infotech is not registered as on date of this Red Herring Prospectus.
- Software failures, breakdowns in the operations of its servers and communications systems or the failures to implement system enhancements could harm its business.
- Intense competition in the market for cybersecurity products and services could affect its pricing, which could reduce the company share of business from clients and decrease its revenues and profitability.
- The Company's success depends largely upon its skilled professionals and its ability to attract and retain these personnel. The industry where our Company operates requires highly skilled and technical employee.
- The growth of its business depends on the company ability to resolve cybersecurity threats or issues faced by its customers, based on latest technology. If the company is not able to enhance its current portfolio in response to evolving industry requirements, its operating results may be negatively affected.
- Its insurance coverage may not be adequate to protect it against certain operating hazards and this may have a material adverse effect on its business.
- Fluctuation in foreign currency exchange rates could affect its financial condition and results of operations.
- The Company operates under several statutory and regulatory registrations, licenses and approvals. Its inability to obtain, renew or retain the statutory and regulatory licenses permits and approvals required to operate the company business may have an adverse effect on its business & operations.
- Its current order book value is not necessarily indicative of future growth. Further, majority of the order book consists of order received from a single customer, these orders that constitute our current order book could be cancelled, put in abeyance, delayed, or not paid for by its customers, which could adversely affect the company financial condition.
- The Company in the past has entered into Related Party Transactions and may continue to do so in future also, which may affect its competitive edge and better bargaining power.
- The company will not receive any proceeds from the Offer for Sale. The Promoter Selling Shareholder will receive the net proceeds from the Offer for Sale.
- The company has incurred indebtedness which exposes it to various risks which may have an effect on the company business and results of operations.
- Loans availed by the Company has been secured on personal guarantees of its directors.
- Its inability to modify the company pricing models to retain existing clients and attract prospective clients may have an adverse impact on its business, financial condition and results of operations.
- The company is required to comply with certain restrictive covenants under its financing agreements. Any non-compliance may lead to, amongst others, accelerated repayment schedule and suspension of further drawdowns, which may adversely affect its business, results of operations, financial condition and cash flows.
- Failures by its third parties to supply or deliver products according to schedules, prices, quality and volumes that are acceptable to it may lead to delay in delivery of cyber-security solutions to our customers resulting in an adverse effect on the company business and its ability to retain and expand the company customer base.
- The implementation process of solutions may in some cases be time consuming, and any failures to satisfy its clients or perform as desired could harm the company business, results of operations, and financial condition.
- If the company fails to maintain an effective system of internal controls, its may not be able to successfully manage or accurately report its financial risk. Employee misconduct or such failures of the company internal processes or procedures could harm it by impairing our ability to attract and retain customers and subject it to significant legal liability and reputational harm.
- The company intend to utilize a portion of the Net Proceeds for funding its capital expenditure requirements for establishment of new office. If the costs of this development and the risk of unanticipated delays in implementation and cost overruns related to the said development are higher than expected, it could have a material adverse effect on its financial condition, results of operations and growth prospects
- The average cost of acquisition of Equity Shares by its Promoter, could be lower than the price determined at time of filing the Prospectus.
- The Objects of the Offer for which funds are being raised have not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence its profitability adversely.
- Its ability to pay dividends in the future will depends on the company earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of its financing arrangements.
- The deployment of funds raised through this Offer shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
- Any future issuance of Equity Shares, convertible securities or other equity linked securities by it and any sale of Equity Shares by its significant shareholders may dilute your shareholding and adversely affect the trading price of the Equity Shares.
- If the company is unable to manage its growth effectively and further expand into new markets the company business, future financial performance and results of operations could be materially and adversely affected.
- Its Promoter and Promoter Group shall continue to retain significant control in the Company after the Offer, which shall allow them to influence the outcome of matters submitted to shareholders for approval. Such a concentration of ownership may also have the effect of delaying, preventing or deterring a change in control.
- Certain key performance indicators for certain listed industry peers included in this Red Herring Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete
- The Offer price of its Equity Shares may not be indicative of the market price of the company Equity Shares after the Issue and the market price of its Equity Shares may decline below the Offer price and you may not be able to sell your Equity Shares at or above the Offer Price.
- There is no guarantee that the Equity Shares issued pursuant to the Offer will be listed on the BSE SME Platform of BSE Limited in a timely manner or at all.
- Certain data mentioned in this Red Herring Prospectus has not been independently verified.
- Any of the Bidders are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid.
The Issue type of Meta Infotech Ltd is Book Building - SME.
The minimum application for shares of Meta Infotech Ltd is 1600.
The total shares issue of Meta Infotech Ltd is 4980000.
Initial public offer of upto 49,80,000 equity shares of face value of Rs. 10/- each (The "Equity Shares") of Meta Infotech Limited ("The Company" or "MIL" or "The Issuer") at an offer price of Rs. [*] per equity share for cash, aggregating up to Rs. [*] crores ("Public Offer") comprising of a fresh issue of upto 12,45,000 equity shares aggregating to Rs. [*] crores (The "Fresh Issue") and an offer for sale of upto 37,35,000 equity shares by the promoter selling shareholder, Venu Gopal Peruri ("Offer for Sale") aggregating to Rs. [*] crores, (Hereinafter Refferd as "Promoter Selling Shareholder") out of which 2,52,000 equity shares of face value of Rs. 10 each, at an offer price of Rs. [*] per equity share for cash, aggregating Rs. [*] crores will be reserved for subscription by the market maker to the offer (The "Market Maker Reservation Portion") and upto 50,400 equity shares aggregating up to Rs. [*] crores for subscription by eligible employees (As Defined Hereinafter) (The "Eemployee Reservation Portion"). The public offer less market maker reservation portion and employee reservation portion i.e. offer of 46,77,600 equity shares of face value of Rs. 10 each, at an offer price of Rs. [*] per equity share for cash, aggregating Rs. [*] crores is herein after referred to as the "Net Offer". The public offer and net offer will constitute 26.38 % and 24.77 % respectively of the post-offer paid-up equity share capital of the company.
Price Band: Rs. 153 to Rs. 161 per equity share of face value of Rs. 10 each.
The floor price is 15.3 times of the face value and the cap price is 16.1 times of the face value.
Bids can be made for the minimum of 1600 equity shares and in multiples of 800 equity shares thereafter.
A discount of Rs. 10 per equity shares is being offered to eligible employees bidding in the employee reservation portion.
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