Meta Infotech IPO opens for subscription; check price band, lot size, objectives and key dates

Meta Infotech IPO: Cybersecurity solutions and services provider Meta Infotech Ltd's initial public offering opened for public subscription on Friday, July 4. The issue will conclude on July 8. The price band has been fixed at ₹153 to ₹161 per share.

The ₹80.18 crore initial share sale consists of a fresh issuance of shares valued at ₹20.04 crore and an offer for sale (OFS) of 37.35 lakh shares worth ₹60.13 crore.

The funds generated will be utilised for repayment of certain borrowings, funding capital expenditure needs to establish new office premises in Mumbai, setting up an interactive experience centre at its registered office and general corporate purposes.

Meta Infotech IPO: Price band and lot size

The price range has been fixed at ₹153 to ₹161 per share. Individual investors can apply for at least two lots i.e., 1,600 shares worth ₹2,44,800.

Meta Infotech IPO: Allotment and listing date

The basis of allotment of the Meta Infotech IPO is likely to be finalised on July 9, while the listing on the BSE SME platform would occur on July 11.

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

Meta Infotech IPO GMP

About the company

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