Meta Infotech share price: Stock lists at 40% premium on BSE SME; here’s how much investors gained

The stock listed at ₹225, a premium of 39.75% or ₹64 above the issue price of ₹161.

Meta Infotech share price: Here's how much investors gained

The ₹80.18 crore initial public offer consists of a fresh issuance worth ₹20.04 crore and an offer for sale of 37.35 lakh shares valued at ₹60.13 crore. The price band was set at ₹153 to ₹161 per share.

The money raised will be used to repay debt, fund capital expenditure needs to set up new office premises, establish an interactive experience centre and serve general corporate purposes.

The initial share sale was subscribed to a whopping 144.06 times, with bids for 51,53,87,200 shares as against 35,77,600 shares on offer.

The qualified institutional buyers (QIBs) portion attracted 144.31 times the subscription as they bid for 13,49,54,400 shares against 9,35,200 shares on offer.

The part for non-institutional investors (NIIs) was booked 181.73 times. They submitted applications for 20,45,16,800 compared to 9,54,400 shares reserved.

The individual investors (retail) category got 122.06 times subscription, as they subscribed to 19,98,91,200 shares against 16,37,600 shares offered.

Hem Securities Ltd was the issue's book-running lead manager, while KFin Technologies was the registrar.

Meta Infotech offers comprehensive cybersecurity solutions and services in industries such as banking, capital markets, NBFC, IT/ITES, automobiles, pharmaceuticals, cybersecurity, insurance, FMCG, real estate, hospitality, manufacturing, and other conglomerates.

Meta Infotech IPO GMP