tac infosec ipo: Vijay Kedia-backed TAC Infosec IPO opens. Check issue size, price band, GMP and other details

The SME IPO of TAC Infosec opens for subscription on Wedensday, March 27 and will close on Tuesday, April 2. The company aims to raise about Rs 30 crore through the IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

1) About TAC Infosec

Tas Security is engaged in the business of providing risk-based vulnerability management and assessment solutions, cybersecurity quantification and services of penetration testing to organizations of any scale, size, and business through SaaS model.

2) Industry overview

The IT and BPM sector has become one of the most significant growth catalysts for the Indian economy, contributing significantly to the country’s GDP and public welfare. The IT industry accounted for 7.4% of India’s GDP in FY22, and it is expected to contribute 10% to India’s GDP by 2025.

3) TAC Infosec IPO size

The IPO is entirely a fresh equity issue of 28.2 lakh shares and through the issue, the company aims to raise Rs 30 crore.

4) TAC Infosec IPO price band

The company is offering its shares at Rs 100-106 apiece, and investors can bid for 1,200 shares in 1 lot.

5) TAC Infosec IPO financial performance

For the period ended September 2023, the company clocked revenues of Rs 5.02 crore and net profit of Rs 1.94 crore.Also Read: SRM Contractors IPO opens for subscription. Check issue size, price band, GMP and other details

6) Objects of the offer

The net proceeds from the public offer will be used for the acquisition of TAC Security Inc and making it a wholly-owned subsidiary, investment in human resources and product development, general corporate purposes and public issue expenses.

7) Lead managers and registrar

Beeline Capital Advisors is the lead manager to the issue and Skyline Financial Services is the registrar.

8) Issue structure

About 50% of the offer is reserved for QIB investors, 35% for retail investors and the rest 15% for other investors.

9) Important dates

The IPO opens on March 27 and closes on March April 2. The final allotment will likely be made on March 3. The company’s shares will likely get listed on April 5.

10) TAC Infosec GMP

The company’s shares are trading with a high GMP of Rs 80 in the unlisted market.

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