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28 Feb, 2026
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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
TAC Infosec Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
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 | 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 Spread X Securities |
TAC Infosec Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 |
TAC Infosec Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹127,200 |
| Retail (Max) | 1 | 1200 | ₹127,200 |
| HNI (Min) | 2 | 2,400 | ₹254,400 |
TAC Infosec Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Shareholding Pre Issue | 78.00% |
| Shareholding Post Issue | 56.94% |
Competitive Strength:
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TAC Infosec Limited IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | 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 | ||||||||||||||||||||||||||||||||||||||||
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 |
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.
RHP:
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Frequently Asked Questions (FAQs)
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Why TAC Infosec IPO?
The initial public offer (IPO) of TAC Infosec Limited offers an early investment opportunity in TAC Infosec Limited. A stock market investor can buy TAC Infosec IPO shares by applying in the IPO before TAC Infosec Limited shares get listed at the stock exchanges. An investor could invest in TAC Infosec IPO for short term listing gain or a long term.
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Is the TAC Infosec IPO good?
Our recommendation for TAC Infosec IPO is to subscribe.
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When will TAC Infosec IPO allotment status?
The TAC Infosec IPO allotment status will be available on or around April 3, 2024. The allotted shares will be credited in the demat account by April 4, 2024.
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When will TAC Infosec IPO list?
The TAC Infosec IPO will list on Friday, April 5, 2024, at NSE SME.
