Meta Infotech IPO opens today: Before subscribing you need to know

Meta Infotech today opened its initial public offering running (IPO) for a subscription, which was intended to be Rs. 80.18 crore is to collect and offer for sale. The IPO closed on July 8 includes a new issue of 12.45 lakh shares of Rs 20.04 crore and an offer fur for sale of 37.35 lakh shares of 60.13 crore.

The company has set up a price band at Rs 153-161 per share. Bids can be placed for at least 800 stocks.

Meta Infotech July raised Rs 22.58 crore from anchor investors on July. The company will be listed on the BSE SME platform with scheduled temporary list on July 11.

Ham Securities is a lead manager for this issue, while KFIN technologies are registrars. Ham Finlies is a Market Maker.

Established in 1998, Meta Infotech provides final cybercurity solutions from the end, including Cloud Security, Identity and Management Case Management and Endpoint Protection. The company serves industries such as banking, IT, insurance and production, and many are an authorized reseller for Global Cyber ​​Security OEM.

For the financial year ended March 31, 2025, the company has raised Rs. After Rs 14.50 crore, Rs. 220.02 crore was reported and profit, with 44% and 38% year-by-year growth.

Meta Infotech is planned to use IPOs for debt payment, new OFFICE Fiss Infrastructure, an interactive experience center, and IPO for general corporate purposes.