Bookbuilding IPO | ₹30 Cr | Listed at NSE SME | Wed, Mar 27, 2024 - Tue, Apr 2, 2024
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 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,27,200 (1200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Mar 27, 2024
IPO Close
Tue, Apr 2, 2024
Issue Price
₹106 per share
Market Cap (Pre-IPO)
₹111.08 Cr
| IPO Date | 27 Mar to 2 Apr, 2024 |
| Listed on | Fri, Apr 5, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹106 |
| Issue Price | ₹106 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 28,29,600 shares (agg. up to ₹30 Cr) |
| Reserved for Market Maker | 1,41,600 shares Spread X Securities Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 26,88,000 shares (agg. up to ₹28 Cr) |
| Net Offered to Public | 26,88,000 shares (agg. up to ₹28 Cr) |
| Share Holding Pre Issue | 76,50,000 shares |
| Share Holding Post Issue | 1,04,79,600 shares |
| NSE Symbol | TAC |
| ISIN | INE0SOY01013 |
TAC Infosec IPO comprises a total issue size of 28,29,600 shares. The net offer to the public is 26,88,000 shares, after excluding 1,41,600 shares allotted on a firm basis. Of the Net offer 13,44,000 (50.00%) are allocated to QIB, 4,03,200 (15.00%) allocated to NII 9,40,800 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 13,44,000 | 50.00% | 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 | 15.00% | 14.25% |
| Retail Shares Offered | 9,40,800 | 35.00% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,41,600 | 5.00% | |
| Total Shares Offered | 28,29,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
TAC Infosec IPO raises ₹8.55 crore from anchor investors. TAC Infosec IPO Anchor bid date is March 26, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Mar 26, 2024 |
| Shares Offered | 8,06,400 |
| Anchor Portion (₹ Cr.) | 8.55 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, May 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Jul 2, 2024 |
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
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 12.13 | 9.78 | 4.96 | 4.04 |
| Total Income | 5.31 | 10.14 | 5.24 | 5.16 |
| Profit After Tax | 1.95 | 5.07 | 0.61 | 0.61 |
| NET Worth | 9.63 | 7.68 | 2.61 | 2.00 |
| Reserves and Surplus | 9.18 | 7.23 | 2.16 | 1.55 |
| Total Borrowing | 0.28 | 0.36 | 0.89 | 0.22 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in Human resources and Product Development | 18.65 |
| 2 | General Corporate Purposes | 7.44 |
| 3 | Public Issue Expenses | 3.90 |
| KPI | Sep 30, 2023 |
|---|---|
| ROE | 22.51% |
| ROCE | 22.75% |
| RoNW | 20.24% |
| PAT Margin | 38.81% |
| Price to Book Value | 8.42 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.63 | 3.72 |
| P/E (x) | 15.98 | 28.5 |
| Promoter Holding | 78.00% | 56.94% |
| Market Cap | ₹111.08 Cr. |
The TAC Infosec IPO is subscribed 422.03 times on April 2, 2024 6:21:53 PM (Day 4). The public issue subscribed 433.8 times in the retail category, 141.29 times in the QIB category, and 768.89 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 141.29 | 5,37,600 | 7,59,56,400 |
| NII* | 768.89 | 4,03,200 | 31,00,15,200 |
| Retail | 433.8 | 9,40,800 | 40,81,16,400 |
| Total | 422.03 | 18,81,600 | 79,40,88,000 |
Total Application : 3,40,097
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.25 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable to Legal Advisors | 0.03 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.44 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.05 |
| 6 | Fees payable to Peer Review Auditor | 0.02 |
| 7 | Fees Payable to Market Maker (for Three Years) | 0.12 |
| 8 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses.) | 2.97 |
| 9 | Escrow Bank Fees | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹106.00 |
| Open | ₹290.00 |
| Low | ₹290.00 |
| High | ₹304.50 |
| Last Trade | ₹304.50 |
Lead Manager Reports
TAC Infosec IPO is a SME IPO of 28,29,600 equity shares of the face value of ₹10 aggregating up to ₹30 Crores. The issue is priced at ₹106 per share. The minimum order quantity is 1200.
The IPO opens on Wed, Mar 27, 2024, and closes on Tue, Apr 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 Wed, Mar 27, 2024 and closes on Tue, Apr 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 Thu, Apr 4, 2024. Check the TAC Infosec IPO allotment status.
The TAC Infosec IPO listing date is on Fri, Apr 5, 2024.
