Subscription
Last updated on 04-Jul-2025 17:36:37
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 935200 | 4793600 | 5.13 |
| HNIs | 702400 | 1520000 | 2.16 |
| bHNI | 468267 | 1101600 | 2.35 |
| sHNI | 234133 | 418400 | 1.79 |
| Individual | 1637600 | 3100800 | 1.89 |
| Employee | 50400 | 3200 | 0.06 |
| Total | 3325600 | 9417600 | 2.83 |
Application-Wise Breakup  | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 195 | 105 | 0.54 |
| HNIs (2-10L) | 97 | 156 | 1.61 |
| Individual | 1023 | 1938 | 1.89 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹1.1 | @8% ₹1.3 | @9% ₹1.4 | @10% ₹1.6 | @11% ₹1.7 | @12% ₹1.9 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 1600 | 257600 | 1023 |
| sHNI | 3 | 2400 | 386400 | 97 |
| bHNI | 8 | 6400 | 1030400 | 195 |
IPO Details
| Total Issue Size | 49,80,000 shares (aggregating up to 80.18 Cr) |
| Fresh Issue | 12,45,000 shares (aggregating up to 20.04 Cr) |
| Offer for Sale | 37,35,000 shares of (aggregating up to 60.13 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,76,36,400 shares |
| Share Holding Post Issue | 1,88,81,400 Shares |
| Reserved for Market Maker | 2,52,000 Shares |
| Market Maker | Hem Finlease |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
Key Performance Indicator (KPI)
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROCE | 37.81% | 48.43% | 33.39% |
| RONW | 32.55% | 34.97% | 33.48% |
| EPS (basic) | 8.22 | 5.96 | 3.71 |
| P/E Pre IPO | 19.58 | ||
| P/E Post IPO | 20.96 |
Company Financials in Crore
| Period Ended | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 74.4 | 59.0 | 76.4 |
| Revenue | 220.0 | 153.1 | 109.5 |
| Profit After Tax | 14.5 | 10.5 | 6.5 |
| EBITDA | 22.2 | 15.7 | 9.2 |
| Net Worth | 44.6 | 30.1 | 19.5 |
| Reserves and Surplus | 26.9 | 29.3 | 18.8 |
| Total Borrowing | 17.4 | 0.8 | 7.6 |
About Company
Incorporated: 1998
Business: Cybersecurity solutions provider
Client Industries: Banking, IT, insurance, manufacturing
Core Offerings:
Cybersecurity consulting, implementation & sustenance
Authorized reseller of global cybersecurity OEMs
Solutions include SASE, database security, endpoint detection, data protection, application/cloud security, IAM, network & email security
Professional Services:
24/7 Managed Security Services
Implementation support, AMC, in-house training, operational guidance
Employees (as of Sep 30, 2024): Approx. 262
Geography: Operations focused in India
Strength
Comprehensive Cybersecurity Solutions: The company positions itself as a one-stop destination for protecting digital assets and IT infrastructure by offering end-to-end services. From product recommendation and implementation to employee training, it delivers a full spectrum of cybersecurity solutions including endpoint, email, data, database, network, application, API, cloud, and identity security, along with SASE and SIEM. These are supported by value-added services such as implementation, AMC, managed security, training, and more.
Experienced Leadership and Skilled Workforce: The company’s leadership team, led by its promoter and directors with over 15 to 25 years of relevant industry experience, brings deep knowledge in cybersecurity and IT infrastructure. This, combined with a technically proficient team, has enabled strategic execution and supported long-term growth. Notably, the CTO has advanced academic qualifications in cybersecurity and a strong professional background, including service in the Indian Navy.
Weakness
High Dependency on Key Suppliers: The company relies heavily on a limited number of OEM vendors for its product sourcing, with the single largest supplier accounting for over 50% of total purchases in Fiscal 2024. The absence of long-term supply contracts heightens the risk—any disruption or loss of these suppliers could significantly affect operations and revenue.
Concentration of Revenue in Select Industries: A substantial portion of the company’s revenue is derived from a few key industries, particularly the banking sector, which alone contributed more than 50% of revenue during the stub period and the last three financial years. Any downturn or regulatory shift in these sectors could adversely impact business performance and financial stability.
Reliance on Skilled Workforce: The company’s growth and success depend on retaining highly skilled and technically proficient professionals. Given the specialized nature of the cybersecurity industry, the inability to attract or retain such talent could negatively affect service delivery, innovation, and long-term competitiveness.
Lead Manager(s)
Address
118/119, first floor,
Ackruti Star, Opposite Ackruti Centre Point,
MIDC, Andheri (E), Mumbai City,
Andheri, Maharashtra, 400093
Phone: +91-22-69372500
Email: info@metainfotech.com
Website: http://www.metainfotech.com/