Meta Infotech Limited IPO

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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:

The Proceeds from the Fresh Issue will be utilized towards the following objects:

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:

1. Venu Gopal Peruri, aged 53, is the Promoter, Chairman, and Managing Director of the company. With over 25 years of experience in the information technology industry, he holds a Bachelor of Science degree from Andhra University (1992). He has been instrumental in shaping the company’s strategic direction, especially in sales and business expansion. 2. Mohammed Laeek Abdul Kader Golandaz, aged 37, serves as the Whole-Time Director. He holds a Bachelor of Science in Information Technology from Global Open University, Nagaland (2012), and brings around 15 years of industry experience. He leads vendor and customer interactions, manages project lifecycles from inception to delivery, and ensures technical excellence. 3. Rama Krishna Kishore Achuthani, aged 45, is a Whole-Time Director with over 23 years of experience in the IT sector. He holds a Bachelor’s degree in Computer Science from Jaipur National University (2018). He oversees the company’s technical and administrative operations, including solution strategy development, pre-sales and post-sales services, and overall implementation.

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:

  1. Hem Securities Limited

Registrar of Meta Infotech Limited IPO:

  1. Kfin Technology Private Limited

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