TAC Infosec Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | March 27, 2024 to April 2, 2024 |
| Listing Date | April 5, 2024 |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 100 to ₹ 106 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 28,29,600 shares (aggregating up to ₹ 29.99 Cr) |
| Fresh Issue | 28,29,600 shares (aggregating up to ₹ 29.99 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 76,50,000 |
| Share holding post issue | 1,04,79,600 |
| Market Maker portion | 1,41,600 shares Spread X Securities |
About TAC Infosec Limited IPO
TAC Infosec Ltd. (TIL) is involved 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". The company offers security software products and solutions both in India and internationally. Its end customers are banks and financial Institutions, government regulatory bodies and departments, large-scale enterprises (including business offices) like HDFC, Bandhan Bank, BSE, National Payments Corporation of India, DSP investment Managers Private Limited, Motilal Oswal Financial Services Limited and NSDL e-Governance.
TAC Infosec IPO is a book-built issue of Rs 29.99 crores. The issue is entirely a fresh issue of 28.3 lakh shares. TAC Infosec IPO price band is set at ₹100 to ₹106 per share. The minimum lot size for an application is 1200 Shares. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the TAC Infosec IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for the TAC Infosec IPO is Spread X Securities.
Objectives of TAC Infosec Limited IPO
The Object of the Issue will be utilized towards the following objectives:
- 1. Acquisition of TAC Security Inc (Delaware, USA) and making it a Wholly Owned Subsidiary thereon.
- 2. Investment in Human resources and Product Development.
- 3. General Corporate Purposes.
TAC Infosec Limited IPO review
The company is in a niche segment with an established market. It provides cybersecurity, coupled with risk-based vulnerability management and assessment solutions and related services. It marked a spectacular performance for FY23 that raised eyebrows. Based on FY24 annualized earnings, the issue appears fully priced. However, investors may park funds for the medium to long term rewards.
TAC Infosec Limited IPO Financial Information
Latest Revenue
531.10
₹ Crore
Profit After Tax
194.85
₹ Crore
Net Worth
962.90
₹ Crore
Total Borrowing
27.68
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 1,213.02 | 531.10 | 194.85 | 962.90 | 27.68 | ||||
| 31 Mar 2023 | 977.65 | 1,014.28 | 507.29 | 768.05 | 35.93 | ||||
| 31 Mar 2022 | 496.45 | 523.63 | 60.75 | 260.75 | 89.06 | ||||
| 31 Mar 2021 | 404.00 | 516.49 | 61.13 | 200.00 | 22.29 | ||||
| Amount in ₹ Crore | |||||||||
TAC Infosec Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 22.51% |
| ROCE | 22.75% |
| RoNW | 20.24% |
| P/BV | 8.42 |
| PAT Margin (%) | 38.81 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.63 | 3.72 |
| P/E (x) | 15.98 | 28.5 |
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Competitive Strengths
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TAC Infosec Limited 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹127,200 |
| Retail (Max) | 1 | 1200 | ₹127,200 |
| HNI (Min) | 2 | 2,400 | ₹254,400 |