TAC Infosec IPO Review

 
TAC Infosec IPO Review

IPO Open Date: March 27, 2024

IPO Close Date: April 2, 2024

IPO Price: ₹100 to ₹106 per share

Lot Size: 1200 Shares

Listing: April 5, 2024

TAC Infosec is scheduled to hit the market on March 27, 2024 and close on April 2, 2024. TAC Infosec plans to raise around ₹29.99 Cr through an IPO with a sale of up to 2,829,600 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

TAC Infosec, established in 2016, specializes in providing risk-based solutions for vulnerability management and assessment, cyber security quantification, and penetration testing through a Software as a Service (SaaS) model. The company caters to a diverse clientele that includes banks, financial institutions, government regulators, large enterprises like 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, TAC Infosec had a total of 56 employees, with 33 individuals dedicated to operations and product development within the company.

TAC Infosec


TAC Infosec IPO Details

TAC Infosec IPO opens on March 27, 2024, and closes on April 2, 2024. The Listing date for TAC Infosec IPO is on April 5, 2024. The price band for IPO is ₹100 to ₹106 per share and lot size of 1200 Shares.

IPO DateMar 27, 2024 to April 2, 2024
Listing DateApril 5, 2024
Price₹100 to ₹106 per share
Lot Size1200 Shares
Issue Size₹29.99 Cr
Face Value₹10 per share

TAC Infosec IPO Tentative Timetable

TAC Infosec opening date is March 27, 2024 and close date is April 2, 2024. The IPO allotment date is April 03, 2024. The refund initiation of IPO is on April 04, 2024. The credit of shares in demat account is on April 04, 2024. The listing date is on April 05, 2024.

EventDate
IPO OpeningMar 27, 2024
IPO ClosingApril 2, 2024
IPO Allotment DateApril 03, 2024
Refund InitiationApril 04, 2024
Shares Credit to DematApril 04, 2024
Lisiting DateApril 05, 2024

TAC Infosec IPO Lot Size

Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹127,200).

CategoryLotsSharesAmount
Retail(Minimum)11200₹127,200
Retail(Maximum)11200₹127,200
HNI (Minimum)22400₹254,400

TAC Infosec IPO Promoter Holding

Pre Issue Share Holding78.00%
Post Issue Share Holding56.94%

TAC Infosec IPO Review

TAC Infosec's IPO is a noteworthy opportunity for investors interested in the cybersecurity sector in India. The company, founded in 2016, has showcased impressive growth, with a substantial increase in revenue and profit after tax between financial years ending in March 2023 and March 2022. TAC Infosec focus on risk-based solutions for vulnerability management and assessment, cyber security quantification, and penetration testing in a Software as a Service (SaaS) model has garnered the trust of prominent clients such as HDFC, Bandhan Bank, BSE, and more.

The financial performance indicators of TAC Infosec as of September 30, 2023, including a Return on Equity (ROE) of 22.51% and a Profit After Tax (PAT) margin of 38.81%, reflect the company's robust profitability and operational efficiency. The post-issue metrics like Earnings Per Share (EPS) and Price to Earnings (P/E) ratio also suggest promising growth potential post-listing. By outlining clear objectives for the IPO proceeds, such as acquiring TAC Security Inc in the USA and investing in human resources and product development, TAC Infosec demonstrates a strategic vision aimed at further solidifying its market presence and innovative capabilities.

Investors evaluating TAC Infosec IPO should consider its established market capitalization of Rs 111.08 Cr and its diverse client base encompassing financial institutions, government bodies, and large enterprises. With a focus on cybersecurity solutions and a commitment to enhancing its offerings through strategic acquisitions and talent investments, TAC Infosec appears well-positioned for continued success in the rapidly evolving cybersecurity landscape. Overall, this IPO presents a compelling opportunity for investors looking to tap into the potential growth of the cybersecurity sector with a reputable and forward-thinking company like TAC Infosec.

TAC Infosec IPO Subscription Status (Bidding Details)

Table not found

TAC Infosec IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

TAC Infosec IPO FAQs

What is TAC Infosec IPO?

TAC Infosec is issuing 2,829,600 equity shares with a face value of ₹10 each, totaling up to ₹29.99 Cr. The shares are being offered at a price of ₹100 to ₹106 each, with a minimum order quantity of 1200 shares.

Skyline Financial Services Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When TAC Infosec IPO will open?

TAC Infosec will open on March 27, 2024 for QIB, NII, and Retail Investors.

When TAC Infosec IPO will end?

TAC Infosec will end on April 02, 2024.

What is TAC Infosec IPO Size?

TAC Infosec IPO size is 29.99 Cr.

What is TAC Infosec IPO Price Band?

TAC Infosec price band is ₹100 to ₹106 per share.

What is the TAC Infosec IPO Allotment Date?

TAC Infosec allotment date is April 03, 2024.

What is the TAC Infosec IPO Listing Date?

TAC Infosec listing date is April 05, 2024. The IPO is to be listed on BSE and NSE.

How to TAC Infosec IPO through Zerodha?

To apply for the IPO “TAC Infosec” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply TAC Infosec IPO through Upstox?

To apply for the IPO “TAC Infosec” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check TAC Infosec IPO Allotment Status?

For TAC Infosec IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is TAC Infosec IPO GMP?

You can check out here: TAC Infosec IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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