What you must know about TAC Infosec IPO?
by 5paisa Research Team
26 Mar 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 05-Apr-24
- IPO Price Range ₹ 100 to ₹ 106
- Listing Price ₹ 290
- Listing Change 173.6%
- Last Traded Price ₹ 1228.05
- Current Change 1058.5%
TAC IPO Details
- Open Date 27-Mar-24
- Close Date 02-Apr-24
- Lot Size 1200
- IPO Size ₹ 29.99 Cr
- IPO Price Range ₹ 100 to ₹ 106
- Min Investment ₹ 120000
- Listing Exchange NSE SME
- Basis of Allotment 03-Apr-24
- Refunds 04-Apr-24
- Credit to Demat Account 04-Apr-24
- Listing Date 05-Apr-24
TAC Infosec IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 27-Mar-24 | 2.64 | 6.04 | 16.43 | 10.26 |
| 28-Mar-24 | 2.67 | 14.04 | 41.88 | 24.71 |
| 01-Apr-24 | 2.67 | 52.13 | 116.37 | 70.12 |
| 02-Apr-24 | 141.29 | 768.89 | 433.80 | 422.03 |
TAC IPO Synopsis
TAC Infosec Limited IPO is all set to open from 27th March to 2nd April 2024. The company offers cybersecurity solutions. The IPO includes a fresh issue of 2,829,600 shares worth ₹29.99 cr. The share allotment date is 3rd April 2024, and the IPO will be listed on 5th April 2024 on the stock exchanges. The price band is ₹100 to ₹106 and the lot size is 1200 shares.
Beeline Capital Advisors Private Limited is the book-running lead manager for this IPO, while Skyline Financial Services Private Limited is the registrar.
Objectives of TAC Infosec IPO:
TAC Infosec Limited plans to utilize the raised capital from the IPO to:
● To invest in Human resources and Product Development.
● To acquire TAC Security Inc (Delaware, USA) and make it the company’s fully owned Subsidiary.
● General Corporate Purposes.
About TAC Infosec
Established in 2016, TAC Infosec Limited offers risk-based vulnerability management and assessment solutions. Additionally, the company also provides Penetration testing to organizations via its SaaS model along with cybersecurity quantification. ESOF (Enterprise Security in One Framework) is the company’s flagship solution which is a vulnerability management platform.
The company offers its solutions to Banks and Financial Institutions, government regulatory bodies and departments, and large-scale enterprises (including business offices). Some of its popular clients are HDFC, Bandhan Bank, BSE, National Payments Corporation of India, DSP Investment Managers Private Limited, Motilal Oswal Financial Services Limited and NSDL e-Governance.
Peer Comparison
● Dev Information Technology Limited
● Infobeans Technologies Limited
● Sigma Solve Limited
For More Information:
Webstory on TAC Infosec IPO
TAC Infosec Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 10.00 | 5.10 | 5.04 |
| EBITDA | 5.28 | 1.02 | 0.78 |
| PAT | 5.07 | 0.607 | 0.611 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 9.77 | 4.96 | 4.04 |
| Share Capital | 0.45 | 0.45 | 0.45 |
| Total Borrowings | 2.09 | 2.35 | 2.04 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 1.72 | 0.034 | 0.88 |
| Net cash from / (used in) investing activities | 0.046 | -0.58 | -0.16 |
| Net cash flow from / (used in) financing activities | -0.62 | 0.19 | 0.11 |
| Net increase (decrease) in cash and cash equivalents | 1.15 | -0.36 | 0.83 |
TAC IPO Key Points
-
Strengths
1. The company has a Niche Brand Building.
2. It offers high-quality value-added solutions regarding vulnerability management and cyber risk security.
3. The company has grown consistently over the last few years.
4. A highly experienced and professional leadership team.
-
Risks
1. Intense competition in the market for technology services could affect the company’s pricing.
2. It is subject to risks associated with expansion into new markets.
3. Changing regulations in India could lead to new compliance requirements that are uncertain.
4. The company operates under various laws.
5. The company faces high competition.
TAC
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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TAC IPO FAQs
When does the TAC Infosec IPO opens and closes?
TAC Infosec IPO opens from 27th March to 2nd April 2024.
What is the size of the TAC Infosec IPO?
The size of TAC Infosec IPO is ₹29.99 cr.
How to apply for the TAC Infosec IPO?
To apply for TAC Infosec IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the TAC Infosec IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of TAC Infosec IPO?
The price band of TAC Infosec IPO is fixed at ₹100 to ₹106 per share.
What is the minimum lot size and investment required for the TAC Infosec IPO?
The minimum lot size of TAC Infosec IPO is 1200 shares and the investment required is ₹1,20,000.
What is the allotment date of the TAC Infosec IPO?
The share allotment date of TAC Infosec IPO is 3rd April 2024.
What is the TAC Infosec IPO listing date?
The TAC Infosec IPO will be listed on 5th April 2024.
Who are the book runners for the TAC Infosec IPO?
Beeline Capital Advisors Private Limited is the book-running lead manager for TAC Infosec IPO.
What is the objective of the TAC Infosec IPO?
TAC Infosec plans to utilize the raised capital from the IPO to:
1. To invest in Human resources and Product Development.
2. To acquire TAC Security Inc (Delaware, USA) and make it the company’s fully owned Subsidiary.
3. General Corporate Purposes.
Contact Details of TAC Infosec IPO
Contact Information
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/
TAC Infosec IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
TAC Infosec IPO Lead Manager
Beeline Capital Advisors Pvt Ltd
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