Meta Infotech IPO Review by Paresh Gordhandas, CA & Research Analyst.
Established in 1998, Meta Infotech Limited has grown into a trusted leader in cybersecurity solutions, empowering organizations across industries—from banking and insurance to IT and manufacturing—to safeguard their digital ecosystems.
With a strong focus on consulting, implementation, and sustenance, Meta Infotech helps businesses maintain the integrity, availability, and confidentiality of their information systems. Their solutions are tailored to meet the evolving cybersecurity landscape, ensuring clients stay ahead of threats in a fast-moving digital world.
As of September 30, 2024, the company employs approximately 262 professionals across various roles, all dedicated to protecting and enabling business success through cybersecurity.
From a financial perspective, the company has demonstrated strong and consistent growth in both its topline and bottom-line over the last three years. The shares are being offered at an attractive valuation, with a P/E ratio of 19.58. Given the rising threat of cyber-attacks, the company operates in a high-growth potential sector, making this a promising investment opportunity.
Cryogenic OGS IPO Review
White Force IPO Review
Founded in April 2017, Happy Square Outsourcing Services is a dynamic force in the world of HR outsourcing, delivering end-to-end solutions tailored for modern workforce needs. Specializing in Recruitment, Payroll, Onboarding, and Flexible Staffing, the company combines deep industry expertise with cutting-edge technology to streamline human resource functions for businesses across India and the US.
During last 3 financial years, prior to the IPO, the company has strong topline and bottom-line growth and it has earned net profit of Rs. 5.90 crore on the total revenue of Rs. 97.41 Crore. Apparently, the business appears strong except its total receivables of Rs. 22.86 crore (equivalent to 2.81months average revenue appears on higher side and requires scrutiny)
Looking PE Multiple of 10.83, The shares are offered at attractive valuation. May apply
Silky Overseas IPO Review
Founded in May 2016, Silky Overseas Limited has established itself as a reliable and quality-focused name in the textile industry. Specialising in premium bedding essentials—including blankets, bed sheets, and comforters—the company markets its products under the brand name Rian Décor, which is steadily gaining recognition for both comfort and craftsmanship.
Integrated Manufacturing Advantage
Operating from a vertically integrated facility in Gohana, Haryana, Silky Overseas controls the entire production lifecycle—from knitting and dyeing to processing, printing, and packaging. This unified setup allows for greater quality control, operational efficiency, and faster turnaround times, reinforcing its competitive edge.
Product Diversification & Market Reach
The company offers a broad portfolio of textile solutions for both domestic and international markets, including:
Its ability to cater to varied consumer segments and respond to market demand reflects strategic foresight and operational adaptability.
Financial Growth – Promising, Yet Worth Scrutiny
In FY 2023–24, Silky Overseas reported a significant jump in financial performance:
This is a sharp rise from the previous year’s Rs.98 lakh profit, following losses in earlier periods. While this turnaround is notable, the sudden improvement may prompt deeper evaluation. Key financial indicators to note include:
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High Inventory: Rs.16.68 crore
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Receivables: Rs.9.09 crore
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Loans & Advances: Rs.11.16 crore
These figures, relative to revenue, suggest elevated working capital intensity and warrant careful analysis by prospective investors.
IPO Snapshot – Scale & Sentiment
Silky Overseas is entering the market with a Rs.60.90 crore IPO—a substantial offering, especially in a market currently saturated with new issues. Given the volume of IPOs, oversubscription could be challenging unless backed by strong investor confidence and institutional participation.
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Marc Loire Fashions Limited – IPO Note
Incorporated in 2014, Marc Loire Fashions Limited is a premium fashion brand specializing in stylish and comfortable women’s footwear. Since inception, the company has focused on delivering high-quality products that seamlessly combine fashion-forward design with everyday comfort.
Business Overview
Marc Loire offers a diverse portfolio catering to various styles and occasions. Key products include open-toe block heel metallic fashion sandals, lightweight athleisure knitted slip-on sneakers, and more.
The company operates on a dual-channel model:
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Direct-to-Consumer (D2C): Through various online platforms
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Business-to-Business (B2B): Via offline retail, supported by a network of 40+ trusted vendors
IPO Details
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Issue Size: Rs.21 crore (relatively modest in size)
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Investor Allocation: Offered only to HNI and Retail investors (excluding institutional QIBs, except for the market maker portion)
Financial Performance
Marc Loire has demonstrated strong topline and bottom-line growth over the two fiscal years preceding the IPO. The company’s fundamentals reflect solid business momentum and growth potential.
Market Sentiment
Given the current wave of IPOs in the market, the level of investor attention may be diluted, making huge oversubscription less likely.
Recommendation
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From a Fundamental Perspective: Apply – Strong growth, reasonable valuation
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From a Grey Market Perspective: So-so
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IPO opens on 30 June 2025 and closes on 2 July 2025.