Meta Infotech IPO Subscribed 2.6 Times on Day 1: Key Check GMP And Other Details

Meta Infotech, the cybersecurity solutions company received pretty good response for its Initial Public Offering (IPO) on First day of the bidding, July 4, Friday. The IPO was subscribed 2.6 times by the end of day 1, indicating reasonable interest from investors.

Meta Infotech's Initial Public Offering (IPO) opened for subscription on Friday, July 4, and will close on Tuesday, July 8.

IPO Subscription Status (Day 1):

Meta Infotech IPO ended its day 1 with 2.6 times subscription, according to data from chittorgarh.com. The retail investor segment was booked at 1.89 times, and the Non-Institutional Investors (NII) portion stood at 2.52 times. Meanwhile, Qualified Institutional Buyers (QIBs) oversubscribed their portion by 5.13 times. In total, Meta Infotech received bids for 96.60 lakh shares against 33.25 lakh shares available.

Meta Infotech IPO Details:

Meta Infotech's IPO is raising Rs 80.18 crores through a mix of a fresh issue and an offer for sale. The fresh issue includes 12.45 lakh shares worth Rs 20.04 crores, while the offer for sale consists of 37.35 lakh shares worth Rs 60.13 crores.

The price per share is set between Rs 153 and Rs 161, with a minimum application size of 800 shares. Investors can apply for a minimum of 800 shares, and then in multiples of 800. The IPO also reserves 50,400 shares for employees, offered at a Rs 10 discount per share.

The share allotment is expected to be finalized on July 9, 2025, and the shares will likely be listed on the BSE SME platform around July 11, 2025. The funds raised will be used for repaying existing loans, setting up new office spaces, developing an interactive experience center, and other general business needs.

Hem Securities Limited is managing the IPO, Kfin Technologies Limited is the registrar, and Hem Finlease Private Limited is the market maker.

Grey Market Premium (GMP):

As per investorgain.com, the grey market premium (GMP) for Meta Infotech shares is Rs 40. This means that investors in the unofficial market are willing to pay Rs 40 more than the issue price. Based on the highest IPO price of Rs 161 and the current GMP, the expected listing price is around Rs 201, reflecting a potential gain of 24.84%.

Anchor Investment:

Meta Infotech received anchor investment of Rs 22.58 crore from 15 anchor investors including Viney Growth Fund, Innovate Vision Fund, Rajasthan global securities and others ahead of the IPO.

About the Company:

Meta Infotech was started in 1998 and works in cybersecurity for different industries like banking, IT, and manufacturing. The company provides services such as advice, setup, and ongoing support to protect important information and systems.

They are official sellers of cybersecurity products from global companies, offering solutions to secure access and protect cloud data. Meta Infotech delivers complete cybersecurity services to industries like banking, IT, insurance, and manufacturing, helping to make their networks safe and reliable for managing digital systems.

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