TAC Infosec Limited IPO Detail
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
Company Promoters
Mr. Trishneet Arora and Mr. Charanjit Singh.IPO Details
| IPO Opening Date | Mar 27, 2024 |
| IPO Closing Date | Apr 02, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹100 - 106 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹29.99 Cr |
| Fresh Issue | ₹29.99 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 2.64x | 0.00x | 0.00x | 6.06x | 16.57x | 10.34x |
| Day 2 | 2.67x | 0.00x | 0.00x | 14.08x | 42.17x | 24.86x |
| Day 3 | 2.67x | 0.00x | 0.00x | 52.13x | 116.37x | 70.12x |
| Day 4 | 141.29x | 0.00x | 0.00x | 768.89x | 433.80x | 422.03x |
IPO Tentative Timetable
The TAC Infosec Limited IPO open date is Mar 27, 2024, and the close date is Apr 02, 2024. The issue may list on Apr 05, 2024.
| IPO Open Date | Mar 27, 2024 |
| IPO Close Date | Apr 02, 2024 |
| Basis of Allotment Date | Apr 03, 2024 |
| Initiation of Refunds | Apr 04, 2024 |
| Credit of Shares to Demat Account | Apr 04, 2024 |
| IPO Listing Date | Apr 05, 2024 |
IPO Lot Size
The TAC Infosec Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹127200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹127200 |
| Maximum | 1 | 1200 | ₹127200 |
IPO Promoter Holding
| Pre Issue Share Holding | 78.00% |
| Post Issue Share Holding | 56.94% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 404.00 | 516.49 | 61.13 |
| 31-Mar-22 | 496.45 | 523.63 | 60.75 |
| 31-Mar-23 | 977.65 | 1014.28 | 507.29 |
| 30-Sep-23 | 1213.02 | 531.10 | 194.85 |
Objects of the Issue:
The Object of the Issue will be utilized towards the following objects:
- Acquisition of TAC Security Inc (Delaware, USA) and making it a Wholly Owned Subsidiary thereon,
- Investment in Human resources and Product Development, and
- General Corporate Purposes.
TAC Infosec Limited IPO Registrar:
Skyline Financial Services Private Ltd
TAC Infosec Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
TAC Infosec Limited
8th Floor, Plot No. C-203,
Industrial Focal Point, Phase 8B, Balongi,
Rupnagar, S.A.S.Nagar, Mohali – 160055
