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TAC Infosec IPO is a book build issue of ₹29.99 crores. The issue is entirely a fresh issue of 0.28 crore shares of ₹29.99 crore.
TAC Infosec IPO bidding started from Mar 27, 2024 and ended on Apr 2, 2024. The allotment for TAC Infosec IPO was finalized on Apr 3, 2024. The shares got listed on NSE SME on Apr 5, 2024.
TAC Infosec IPO price band is set at ₹106.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,20,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,54,400.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Spread X Securities Pvt.Ltd..
Refer to TAC Infosec IPO RHP for detailed Information.
| IPO Date | March 27, 2024 to April 2, 2024 |
| Listing Date | April 5, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹100 to ₹106 per share |
| Issue Price Final | ₹106 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 28,29,600 shares (aggregating up to ₹29.99 Cr) |
| Reserved for Market Maker | 1,41,600 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹1.50 Cr) |
| Net Offered to Public | 26,88,000 shares (aggregating up to ₹28.49 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 76,50,000 shares |
| Share Holding Post Issue | 1,04,79,600 shares |
TAC Infosec IPO offers total 28,29,600 shares. Out of which 13,44,000 (47.50%) allocated to QIB, 5,37,600 (19.00%) allocated to QIB, 4,03,200 (14.25%) allocated to NII, 9,40,800 (33.25%) allocated to RII and 8,06,400 (28.50%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,41,600 (5.00%) |
| QIB Shares Offered | 13,44,000 (47.50%) |
| − Anchor Investor Shares Offered | 8,06,400 (28.50%) |
| − QIB (Ex. Anchor) Shares Offered | 5,37,600 (19.00%) |
| NII (HNI) Shares Offered | 4,03,200 (14.25%) |
| Retail Shares Offered | 9,40,800 (33.25%) |
| Total Shares Offered | 28,29,600 (100.00%) |
TAC Infosec IPO raises ₹8.55 crore from anchor investors. TAC Infosec IPO Anchor bid date is March 26, 2024. TAC Infosec IPO Anchor Investors list
| Bid Date | March 26, 2024 |
| Shares Offered | 8,06,400 |
| Anchor Portion Size (In Cr.) | 8.55 |
| Anchor lock-in period end date for 50% shares (30 Days) | May 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | July 2, 2024 |
TAC Infosec IPO opens on March 27, 2024, and closes on April 2, 2024.
| IPO Open Date | Wed, Mar 27, 2024 |
| IPO Close Date | Tue, Apr 2, 2024 |
| Tentative Allotment | Wed, Apr 3, 2024 |
| Initiation of Refunds | Thu, Apr 4, 2024 |
| Credit of Shares to Demat | Thu, Apr 4, 2024 |
| Tentative Listing Date | Fri, Apr 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Apr 2, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,27,200 |
| Retail (Max) | 1 | 1,200 | ₹1,27,200 |
| HNI (Min) | 2 | 2,400 | ₹2,54,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
TAC Infosec Limited's revenue increased by 93.7% and profit after tax (PAT) rose by 735.05% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,213.02 | 977.65 | 496.45 | 404.00 |
| Total Income | 531.10 | 1,014.28 | 523.63 | 516.49 |
| Profit After Tax | 194.85 | 507.29 | 60.75 | 61.13 |
| Net Worth | 962.90 | 768.05 | 260.75 | 200.00 |
| Reserves and Surplus | 917.90 | 723.05 | 215.75 | 155.00 |
| Total Borrowing | 27.68 | 35.93 | 89.06 | 22.29 |
| Amount in ₹ Lakhs | ||||
The market capitalization of TAC Infosec IPO is ₹111.08 Cr.
KPI as of Sat, Sep 30, 2023.
| KPI | Values |
|---|---|
| ROE | 22.51% |
| ROCE | 22.75% |
| RoNW | 20.24% |
| PAT Margin | 38.81% |
| Price to Book Value | 8.42 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.63 | 3.72 |
| P/E (x) | 15.98 | 28.5 |
The Object of the Issue will be utilized towards the following objects:
[Dilip Davda] The company is in a niche segment with established market. It provides cybersecurity, coupled with risk-based vulnerability management and assessment solutions and related services. It marked spectacular performance for FY23 that raise eyebrows. Based on FY24 annualized earnings, the issue appears fully priced. However, investors may park funds for the medium to long term rewards. Read detail review...
| Listing Date | April 5, 2024 |
| BSE Script Code | |
| NSE Symbol | TAC |
| ISIN | INE0SOY01013 |
| Final Issue Price | ₹106 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹106.00 |
| Open | ₹290.00 |
| Low | ₹290.00 |
| High | ₹304.50 |
| Last Trade | ₹304.50 |
TAC Infosec Ltd.
8th Floor, Plot No. C-203,
Industrial Focal Point, Phase 8B, Balongi,
Rupnagar, S.A.S.Nagar
Mohali, Punjab, 160055
Phone: +91 9988850821
Email: company.secretary@tacsecurity.com
Website: http://www.tacsecurity.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
TAC Infosec IPO is a SME IPO of 28,29,600 equity shares of the face value of ₹10 aggregating up to ₹29.99 Crores. The issue is priced at ₹106 per share. The minimum order quantity is 1200.
The IPO opens on March 27, 2024, and closes on April 2, 2024.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in TAC Infosec IPO using UPI as a payment gateway. Zerodha customers can apply in TAC Infosec IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in TAC Infosec IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The TAC Infosec IPO opens on March 27, 2024 and closes on April 2, 2024.
TAC Infosec IPO lot size is 1200, and the minimum amount required for application is ₹1,27,200.
You can apply in TAC Infosec IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for TAC Infosec IPO will be done on Wednesday, April 3, 2024, and the allotted shares will be credited to your demat account by Thursday, April 4, 2024. Check the TAC Infosec IPO allotment status.
The TAC Infosec IPO listing date is on Friday, April 5, 2024.
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