Meta Infotech Limited IPO
Meta Infotech is a cybersecurity solutions provider founded in 1998, with a strategic pivot into the cybersecurity domain in 2010. Headquartered in Mumbai with offices in Thane and Hyderabad, the company delivers end-to-end cybersecurity solutions across India, catering to diverse industries such as banking, NBFCs, IT/ITES, capital markets, pharmaceuticals, insurance, manufacturing, FMCG, real estate, and more.
Business Model:
Meta Infotech operates as an authorized reseller and service provider for a wide range of international cybersecurity OEMs. It provides consulting, deployment, integration, and maintenance services under long-term contracts. The company also trains cybersecurity professionals through its in-house training centre, ensuring skill development and efficient resource onboarding.
Core Business Activities:
Meta Infotech offers a comprehensive suite of cybersecurity products and services sourced from global OEMs. These include:
a) Cybersecurity Solutions: Secure Access Service Edge (SASE), Database Security, Endpoint Detection and Response (EDR/XDR), Data Security (DLP & Encryption), Application & API Security, Cloud Security (CSPM, CNAPP, CASB), SIEM, Identity and Access Management (IDAM, PIM/PAM, CIAM), Network & Perimeter Security (Firewall, IPS, DNS, DDoS) and Email Security
b) Cybersecurity Services: Sustenance Services, Professional Services (Vendor Deployment), Managed Security Services, Annual Maintenance Contracts, Implementation Servicesand In-House Cybersecurity Training Programs.
Infrastructure:
Though service-based, Meta has developed strong operational infrastructure with physical offices in Mumbai and Hyderabad, and a dedicated training centre to support continuous talent development and client support.
Competitive Strengths:
i) One-Stop Shop: End-to-end solutions including product deployment, training, and support
ii) Experienced Team: Led by seasoned professionals with decades of domain expertise
iii) Strong Client Base: Long-standing relationships with 87 domestic clients (30+ associated for over 3 years)
iv) Industry Diversification: Revenue streams across 10+ industries mitigating concentration risk
v) Strategic OEM Partnerships: Ties with multiple cybersecurity product developers ensure a wide range of solutions
Order Book:
As of April 30, 2025, Meta Infotech has a robust outstanding order book of ₹573.13 crore to be executed over the next 5 years, with a majority of revenue generated from Indian clients through long-term contracts.
Future Outlook:
With cybersecurity threats evolving, Meta Infotech aims to scale its operations, expand its client base, and further invest in training, innovation, and strategic partnerships. The company is well-positioned to support India’s growing demand for cybersecurity across enterprise, mid-market, and government sectors.
Objects of the Meta Infotech Limited IPO:
a) Repayment of borrowings (₹16.70 cr) b) Capital expenditure for new Mumbai office (₹1.2 cr) c) Setup of interactive experience centre (0.90 cr) d) General corporate purposes
Meta Infotech Limited IPO Details:
Open Date: | Jul 04 2025 |
Close Date: | Jul 08 2025 |
Total Shares: | 49,80,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Book Building |
Issue Size: | 80.18 Cr. |
Lot Size: | 800 Shares |
Issue Price: | ₹ 153-161 Per Equity Share |
Listing At: | BSE SME |
Promoters And Management:
Financials of Meta Infotech Limited IPO:
Particulars | FY 2024-25 | FY 2023-2024 | FY 2022-2023 |
Revenue from Operations | 218.82 | 152.13 | 108.41 |
EBITDA | 22.24 | 15.68 | 9.2 |
EBITDA Margins | 10.17% | 10.31% | 8.49% |
PAT | 14.5 | 10.5 | 6.54 |
PAT Margins | 6.63% | 6.91% | 6.04% |
ROCE | 37.81% | 48.43% | 33.49% |
Debt to Equity Ratio(In Times) | 0.39 | 0.03 | 0.39 |
Operating Cash Flows | -12.73 | -3.77 | 34.5 |
Comparison With Peers:
Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | D/E Ratio | MCap (in cr) | P/E |
Meta Infotech Limited(FY25) | 218.82 | 10.17% | 6.63% | 0.39 | 304 | 20.97 |
TAC Infosec Limited(FY25) | 23 | 53% | 55.70% | 0.03 | 1,157 | 88.4 |
Sattrix Information Security Limited(FY25) | 44.63 | 15.44% | 9.07% | 0.05 | 132 | 32.5 |
Quick Heal Technologies Limited(FY25) | 65.14 | -13.02% | -4.98% | 0 | 2189 | In loss |
Lead Manager of Meta Infotech Limited IPO:
Registrar of Meta Infotech Limited IPO:
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