Meta Infotech Limited’s IPO was subscribed 91% on its opening day, July 4, 2025, driven by strong interest from QIBs and a grey market premium of ₹40 indicating bullish sentiment.
Cybersecurity firm Meta Infotech Limited has seen a robust start to its initial public offering (IPO), with the issue being subscribed 91% on Day 1. The IPO, which opened on July 4 and will close on July 8, is priced in the range of ₹153 to ₹161 per equity share. The company is offering a mix of fresh equity and offer-for-sale (OFS) shares to raise capital for debt repayment and expansion initiatives.
Founded in Mumbai, India, Meta Infotech is a cybersecurity solutions provider catering to sectors such as banking, IT, insurance, and manufacturing. The firm offers consulting, implementation, and managed services, along with being an authorised reseller of cybersecurity products from global OEMs. Its focus lies in ensuring secure access and robust protection of cloud and network environments.
On Day 1 of the IPO, Meta Infotech received bids for 30,39,200 shares against 33,25,600 shares available for subscription by 1:29 PM IST, according to data from Chittorgarh.com. The retail investor portion was subscribed 85%, non-institutional investors (NII) at 65%, while Qualified Institutional Buyers (QIBs) led the demand with a subscription of 1.26 times.
The IPO comprises a fresh issue of 9,93,000 equity shares worth ₹15.99 crore and an OFS of 37,35,000 equity shares. The proceeds will be used for partial or full repayment of loans, establishing new office infrastructure, developing an interactive experience center, and general corporate purposes.
Market interest has also been reflected in the grey market premium (GMP), which stands at ₹40, as reported by InvestorGain.com. At the upper price band of ₹161, this implies an expected listing price of ₹201 per share, nearly 25% higher than the issue price.
The company’s listed peers include TAC Infosec Ltd (P/E 76.35), Quick Heal Technologies Ltd (P/E 391.32), and Sattrix Information Security Ltd (P/E 33.17), as per the red herring prospectus.
With a strong grey market response and early demand from institutional buyers, Meta Infotech’s IPO could be heading toward full subscription before closing on July 8.