The TAC Infosec IPO date has been confirmed from March 27, 2024, and closes on April 2, 2024. Read the post to learn about TAC Infosec IPO GMP.
Alright, folks, let’s talk TAC Infosec Developers IPO. We’re looking at a fixed price issue of Rs 29.99 crores, with shares ranging from ₹100 to ₹106 each. TAC Infosec IPO GMP Today is ₹65. To get in on the action, you’ll need a minimum lot size of 1200 Shares, which means retail investors are looking at shelling out at least ₹127,200, while our High Net Worth Individuals (HNIs) are looking at double that, clocking in at ₹254,400.
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Bidding Dates
Mar 27 – Apr 2
Price Range
₹100 to ₹106 per share
Face Value
₹10 per share
GMP
₹107
TAC Infosec IPO GMP
The TAC Infosec IPO GMP Today is ₹107.
IPO Overview
Now, this IPO is rolling out a fresh batch of 28.3 lakh shares, and the doors are open for subscriptions from March 27, 2024, right through April 2, 2024. We’re aiming to wrap up the allocations by April 3, 2024, and have our eyes set on a listing date of April 5, 2024, over at NSE SME.
TAC Infosec IPO Details
| IPO Date | March 27, 2024 to April 2, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹106 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 2,829,600 shares (aggregating up to ₹29.99 Cr) |
| Fresh Issue | 2,829,600 shares (aggregating up to ₹29.99 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,650,000 |
| Share holding post issue | 10,479,600 |
| Market Maker portion | 141,600 shares |
TAC Infosec Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,213.02 | 977.65 | 496.45 | 404.00 |
| Revenue | 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 | ||||
TAC Infosec IPO Timeline
| IPO Open Date | Wednesday, March 27, 2024 |
| IPO Close Date | Tuesday, April 2, 2024 |
| Basis of Allotment | Wednesday, April 3, 2024 |
| Initiation of Refunds | Thursday, April 4, 2024 |
| Credit of Shares to Demat | Thursday, April 4, 2024 |
| Listing Date | Friday, April 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 2, 2024 |
Company Profile
TAC Infosec Limited, kicking off in 2016, is all about those risk-based SaaS solutions, specializing in penetration testing, cyber security quantification, and vulnerability management. They’re catering to big names like HDFC, Bandhan Bank, and BSE, not to mention government agencies. With a workforce of 56, including 33 folks dedicated to operations and product development, as of September 30, 2023, TAC Infosec is poised for some serious action in the cyber security arena.
Registrar Info
| Name | Skyline Financial Services Private Ltd |
| Phone number | 02228511022 |
| Email ID | ipo@skylinerta.com |
| Website | skylinerta.com |
Contact Details
| Name | TAC Infosec Limited |
| Phone number | +91 9988850821 |
| Email ID | company.secretary@tacsecurity.com |
| Website | tacsecurity.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
