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TAC Infosec IPO is a book built issue of Rs 29.99 crores. The issue is entirely a fresh issue of 28.3 lakh shares.
TAC Infosec IPO bidding started from March 27, 2024 and ended on April 2, 2024. The allotment for TAC Infosec IPO was finalized on Wednesday, April 3, 2024. The shares got listed on NSE SME on April 5, 2024.
TAC Infosec IPO price band is set at ₹100 to ₹106 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹127,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹254,400.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the TAC Infosec IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for TAC Infosec IPO is Spread X Securities.
Refer to TAC Infosec IPO RHP for detailed information.
| IPO Date | March 27, 2024 to April 2, 2024 |
| Listing Date | April 5, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹106 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 2,829,600 shares (aggregating up to ₹29.99 Cr) |
| Fresh Issue | 2,829,600 shares (aggregating up to ₹29.99 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,650,000 |
| Share holding post issue | 10,479,600 |
| Market Maker portion | 141,600 shares Spread X Securities |
TAC Infosec IPO offers 2,829,600 shares. 537,600 (19.00%) to QIB, 403,200 (14.25%) to NII, 940,800 (33.25%) to RII and 806,400 (28.50%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 806,400 (28.50%) |
| Market Maker Shares Offered | 141,600 (5.00%) |
| QIB Shares Offered | 537,600 (19.00%) |
| NII (HNI) Shares Offered | 403,200 (14.25%) |
| Retail Shares Offered | 940,800 (33.25%) |
| Total Shares Offered | 2,829,600 (100%) |
TAC Infosec IPO raises Rs 8.55 crore from anchor investors. TAC Infosec IPO Anchor bid date is March 26, 2024. TAC Infosec IPO Anchor Investors list
| Bid Date | March 26, 2024 |
| Shares Offered | 806,400 |
| Anchor Portion Size (In Cr.) | 8.55 |
| Anchor lock-in period end date for 50% shares (30 Days) | May 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | July 2, 2024 |
TAC Infosec IPO opens on March 27, 2024, and closes on April 2, 2024.
| IPO Open Date | Wednesday, March 27, 2024 |
| IPO Close Date | Tuesday, April 2, 2024 |
| Basis of Allotment | Wednesday, April 3, 2024 |
| Initiation of Refunds | Thursday, April 4, 2024 |
| Credit of Shares to Demat | Thursday, April 4, 2024 |
| Listing Date | Friday, April 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 2, 2024 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹127,200 |
| Retail (Max) | 1 | 1200 | ₹127,200 |
| HNI (Min) | 2 | 2,400 | ₹254,400 |
| Lot Size Calculator | |||
The promoters of the company are Mr. Trishneet Arora and Mr. Charanjit Singh.
| Share Holding Pre Issue | 78.00% |
| Share Holding Post Issue | 56.94% |
TAC Infosec Limited was founded in 2016 and offers risk-based solutions for vulnerability management and assessment, cyber security quantification and penetration testing in a SaaS model.
The company's clients include banks and financial institutions, government regulators and departments, large enterprises (including corporate offices) such as HDFC, Bandhan Bank, BSE, National Payments Corporation of India, DSP Investment Managers Private Limited, Motilal Oswal Financial Services Limited and NSDL e-Governance.
As of September 30, 2023, the company had 56 employees, 33 of whom worked in operations and product development
TAC Infosec Limited's revenue increased by 93.7% and profit after tax (PAT) rose by 735.05% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,213.02 | 977.65 | 496.45 | 404.00 |
| Revenue | 531.10 | 1,014.28 | 523.63 | 516.49 |
| Profit After Tax | 194.85 | 507.29 | 60.75 | 61.13 |
| Net Worth | 962.90 | 768.05 | 260.75 | 200.00 |
| Reserves and Surplus | 917.90 | 723.05 | 215.75 | 155.00 |
| Total Borrowing | 27.68 | 35.93 | 89.06 | 22.29 |
| Amount in ₹ Lakhs | ||||
The market capitalization of TAC Infosec IPO is Rs 111.08 Cr.
KPI as of September 30, 2023.
| KPI | Values |
|---|---|
| ROE | 22.51% |
| ROCE | 22.75% |
| RoNW | 20.24% |
| P/BV | 8.42 |
| PAT Margin (%) | 38.81 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.63 | 3.72 |
| P/E (x) | 15.98 | 28.5 |
The Object of the Issue will be utilized towards the following objects:
[Dilip Davda] The company is in a niche segment with established market. It provides cybersecurity, coupled with risk-based vulnerability management and assessment solutions and related services. It marked spectacular performance for FY23 that raise eyebrows. Based on FY24 annualized earnings, the issue appears fully priced. However, investors may park funds for the medium to long term rewards. Read detail review...
The TAC Infosec IPO is subscribed 422.03 times on April 2, 2024 6:21:53 PM. The public issue subscribed 433.80 times in the retail category, 141.29 times in the QIB category, and 768.89 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 141.29 |
| NII | 768.89 |
| Retail | 433.80 |
| Total | 422.03 |
Total Application : 340,097 (433.80 times)
| Listing Date | April 5, 2024 |
| BSE Script Code | |
| NSE Symbol | TAC |
| ISIN | INE0SOY01013 |
| Final Issue Price | ₹106 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹106.00 |
| ₹290.00 |
| ₹290.00 |
| ₹304.50 |
| ₹304.50 |
TAC Infosec Limited
8th Floor, Plot No. C-203,
Industrial Focal Point, Phase 8B, Balongi,
Rupnagar, S.A.S.Nagar, Mohali – 160055
Phone: +91 9988850821
Email: company.secretary@tacsecurity.com
Website: http://www.tacsecurity.com/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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TAC Infosec IPO is a SME IPO of 2,829,600 equity shares of the face value of ₹10 aggregating up to ₹29.99 Crores. The issue is priced at ₹100 to ₹106 per share. The minimum order quantity is 1200 Shares.
The IPO opens on March 27, 2024, and closes on April 2, 2024.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in TAC Infosec IPO using UPI as a payment gateway. Zerodha customers can apply in TAC Infosec IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in TAC Infosec IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The TAC Infosec IPO opens on March 27, 2024 and closes on April 2, 2024.
TAC Infosec IPO lot size is 1200 Shares, and the minimum amount required is ₹127,200.
You can apply in TAC Infosec IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for TAC Infosec IPO will be done on Wednesday, April 3, 2024, and the allotted shares will be credited to your demat account by Thursday, April 4, 2024. Check the TAC Infosec IPO allotment status.
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