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Meta Infotech confirms no deviation in IPO fund utilization through September 2026
05-Nov-2026, 07:54

Meta Infotech Limited informed the BSE that there was no deviation or variation in the utilization of funds raised through its Initial Public Offering (IPO) for the half year ended September 30, 2026. The company had raised Rs 20,01,33,000 through the IPO on July 9, 2025, with Rs 17,48,49,000 net proceeds, and utilized Rs 15,37,27,000 for repayment of borrowings, capital expenditure, and general corporate purposes, leaving Rs 2,11,22,000 unutilized and temporarily parked in fixed deposits.