Meta Infotech shares list at Rs 225 on BSE SME; 40% premium over IPO price — check details
Meta Infotech made a strong debut on the BSE SME platform on Thursday, listing at Rs 225 per share, a sharp 39.75% increase from the initial IPO price of Rs 161.The company’s public offering of Rs 80.18 crore witnessed substantial oversubscription at 166.94 times, with high-net-worth individuals showing exceptional interest, oversubscribing their quota by 309 times, ET reported.The public issue included a fresh issue of 12.45 lakh shares worth Rs 20.04 crore and an offer for sale (OFS) of 37.35 lakh shares amounting to Rs 60.13 crore.Retail investors oversubscribed 122.01 times, whilst QIBs subscribed 147.76 times, and non-institutional investors demonstrated remarkable interest with 309.16 times subscription.Established in 1998, Meta Infotech delivers comprehensive cybersecurity solutions to various sectors including banking, IT, insurance and manufacturing. The organisation provides consulting, implementation and managed services, whilst serving as an authorised distributor for global OEM cybersecurity solutions.The company’s financial results showed significant growth, with revenue increasing by 44% to Rs 220.02 crore and net profit rising by 38% to Rs 14.50 crore in FY25.Given the robust demand and positive GMP indicators, the company’s market performance is anticipated to remain strong.
