Key Quantitative Figures

  • IPO Details: The company completed its Initial Public Offer (IPO) of 49,80,000 equity shares of face value ₹10 each at an issue price of ₹161 per share, aggregating to ₹80,17,80,000.
  • Fresh Issue: 12,45,000 equity shares aggregating to ₹20,04,45,000.
  • Offer for Sale: 37,35,000 equity shares aggregating to ₹60,13,35,000.
  • Total Amount Raised: ₹20,01,33,000 (this includes issue expenses of ₹2,52,84,000).
  • Net Proceeds to Company: ₹17,48,49,000.
  • Funds Utilized: ₹15,37,27,000.
  • Funds Unutilized: ₹2,11,22,000 (temporarily invested in fixed deposits).

Fund Utilization Breakdown

| Object | Original Allocation (₹) | Funds Utilized (₹) | Funds Unutilized (₹) |

| Repayment of borrowings (Working Capital Term Loan) | 15,35,00,000 | 15,35,00,000 | Nil |

| Funding capital expenditure for new office premises | 1,20,42,000 | Not Utilized | 1,20,42,000 |

| Setup of an interactive experience centre | 90,80,000 | Not Utilized | 90,80,000 |

| General corporate purposes | 2,27,000 | 2,27,000 | Nil |

| Total | 17,48,49,000 | 15,37,27,000 | 2,11,22,000 |

Stated Rationale for Unutilized Funds

The capital expenditure towards the new office premises at MINT Sahar and the Interactive Experience Centre remains unutilized because the Company is yet to receive the Occupancy Certificate for the MINT Sahar office premises from the builder. The establishment of the Interactive Experience Centre is interlinked with the completion and operational readiness of the Sahar Mint Office premises. The projects will be undertaken upon receipt of possession and completion of the office premises.

Audit Committee and Auditor Comments

The Audit Committee reviewed the statement at its meeting on May 27, 2026. The comments of the Audit Committee and the auditors are stated as 'None'.

Deviation Status

The company has confirmed there is no deviation or variation in the use of funds raised. The response to 'Is there a Deviation / Variation in use of funds raised' is marked as 'No'.

Parties Involved

  • Listed Entity: Meta Infotech Limited (Scrip Code: 544441, BSE SME Platform)
  • Signatories:
  • Mansi Sheth, Company Secretary & Compliance Officer (MNO: A28359)
  • Venu Gopal Peruri, Managing Director (DIN: 01179369)
  • Regulator: BSE Limited