Vijay Kedia-backed TAC Infosec IPO Rockets 173% on Debut, Lists at ₹290

About TAC InfoSec IPO

TAC InfoSec IPO, promising player in cybersecurity sector, witnessed remarkable market debut on April 5, making grand entrance on NSE SME platform. Stock opened at 290, commanding impressive premium of 173 percent over its issue price of 106. This listing surge surpassed expectations set by grey market, where stock was trading at 219 prior to its debut.

The public offering, valued at 29.99 crore, comprised solely fresh issue of 28.3 lakh shares, with IPO's price band fixed at 100-106 per share.

Read more about TAC InfoSec IPO

TAC InfoSec Limited, established in 2016 specializes in providing risk-based solutions for vulnerability management & assessment, cyber security quantification, & penetration testing in Software as Service (SaaS) model. Company caters primarily to banks, financial institutions, & government regulators, boasting impressive clientele including HDFC, Bandhan Bank, BSE, National Payments Corporation of India, DSP Investment Managers Private Limited, Motilal Oswal Financial Services Limited, & NSDL e-Governance.

TAC Infosec Limited is led by its promoters Charanjit Singh & Trishneet Arora, with Trishneet Arora serving as CEO & founder, holding substantial 74 percent ownership stake in company. Notably, prominent stock market investor Vijay Kishanlal Kedia also holds 15 percent stake in firm.

Beeline Capital Advisors Pvt Ltd served as book running lead manager for TAC Infosec IPO, with Skyline Financial Services Private Ltd acting as registrar for issue. Spread X Securities functioned as market maker for IPO.

The IPO, which commenced on Wednesday, March 27, & concluded on Tuesday, April 2, attracted considerable investor interest. Investors could bid for minimum of 1,200 equity shares, constituting lot size for IPO. Anchor book subscription, conducted on Tuesday, March 26, saw significant participation from prominent investors such as Astorne Capital VCC, Zinnia Global Fund PCC - Cell Dewcap Fund, LC Radiance Fund VCC, Beacon Stone Capital VCC - Beacon Stone I, & NAV Capital VCC - NAV Capital Emerging Star Fund.

Check TAC Infosec IPO Subscribed 421.89 times

To Summarize

TAC Infosec IPO marked highly successful debut on NSE SME platform, with substantial premium over its issue price. Overwhelming response underscores investor confidence in company's business model & growth potential in cybersecurity domain.