TAC Infosec IPO: Key Details and Analysis

TAC Infosec IPO: Key Details and Analysis
TAC Infosec IPO: Key Details and Analysis
TAC Infosec IPO: Key Details and Analysis
TAC Infosec IPO: Key Details and Analysis

TAC Infosec IPO: Key Details and Analysis

TAC Infosec IPO: Key Details and Analysis

TAC Infosec IPO: Key Details and Analysis

  • TAC Infosec IPO’s price band is set at ₹100 to ₹106 per equity share with a lot size of 1,200 shares.
  • The IPO subscription opens on March 27 and closes on April 2.
  • TAC Infosec offers risk-based vulnerability management, cybersecurity quantification, and penetration testing services via the SaaS model.
  • Its clientele includes major banks, financial institutions, government agencies, and corporations such as HDFC, BSE, and NSDL.
  • Between March 31, 2022, and March 31, 2023, the company witnessed a remarkable 735.05% increase in profit after tax (PAT) and a 93.7% rise in revenue.

IPO Details:

  • The IPO consists of a fresh issue of 2,829,600 equity shares worth approximately ₹29.99 crore.
  • Proceeds will be used for acquiring TAC Security Inc. (Delaware, USA), product development, and general corporate purposes.
  • Promoters include Trishneet Arora and Charanjit Singh, with Trishneet Arora holding a significant 74% stake in the company.
  • Notable investor Vijay Kishanlal Kedia holds a 15% stake in the company.

IPO Reservation and Allotment:

  • 50% of the net issue is reserved for Qualified Institutional Buyers (QIBs), with 35% for retail investors and 15% for non-institutional bidders.
  • The basis of allotment is expected on April 3, with refunds initiated on April 4, and shares credited to demat accounts on the same day.
  • TAC Infosec shares are anticipated to be listed on NSE SME on April 5.

Analyst View:

  • The company’s strong financial performance and robust growth potential make it an attractive investment opportunity in the cybersecurity sector. With increasing digitalization, demand for cybersecurity solutions is expected to surge, benefiting TAC Infosec in the long run.

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