21-Mar-2024
2 mins read
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TAC Infosec IPO is open for subscription starting from Wednesday, March 27, 2024, and will close on Tuesday, April 2, 2024. The price band of this upcoming IPO is decided at Rs 100 to Rs 106 per share. The minimum lot size of this application for the retail category is 800 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 1600 shares. The minimum amount of investment required for retail category investors is Rs 1,34,400 (168 x 800 shares). However, for the HNI category, the minimum investment amount required is Rs 2,68,800 (168 x 1600 shares). TAC Infosec IPO is a book-built issue of Rs 18.14 crores. This upcoming IPO issue is completely a fresh issue of 10.8 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new IPO is expected to be finalised on Wednesday, April 3, 2024. TAC Infosec IPO will be listed on NSE SME, and the listing date is fixed on Friday, April 5, 2024. The book-running lead manager of TAC Infosec IPO is Beeline Capital Advisors Limited. The registrar for this IPO is Skyline Financial Services Private Limited. The market maker for this IPO is Spread X Securities.
About TAC Infosec Limited
TAC Infosec Limited was founded in 2016, engaged in the business of offering risk based solutions for vulnerability management and assessment, cyber security quantification and penetration testing in a SaaS model. The company offers security software product solutions both in India and Internationally. TAC Infosec flagship software product is ESOF which was launched in 2018. ESOF is a vulnerability management solution for various product portfolios. All the products launched under ESOP platform have a wide range of applications ranging from vulnerability management solutions for Web and application based data, compliance assessment and cyber risk quantification. TAC Infosec Limited clients include banks and financial institutions, government regulators and departments and large enterprises.
Objectives of TAC Infosec IPO Issue
The amount received from this Initial Public Offering will be used for acquisition of TAC Security Inc and making it a wholly owned subsidiary. Also, the company will also invest in Human Resource and Product Development and general corporate purposes will also be met.
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Financials of TAC Infosec Limited (Amt in Rs Lakhs)
TAC Infosec posted a revenue of Rs 531.10 lakhs and profit after tax of Rs 194.85 lakhs for the quarter ended on 30 September 2023. The company’s revenue increased by 93.7% and net profit increased by 735.05 between the FY ending with 31 March 2023 and 31 March 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 1,213.02 | 977.65 | 496.45 | 404 |
| Revenue | 531.1 | 1,014.28 | 523.63 | 516.49 |
| Profit After Tax | 194.85 | 507.29 | 60.75 | 61.13 |
| Net Worth | 962.9 | 768.05 | 260.75 | 200 |
| Reserves and Surplus | 917.9 | 723.05 | 215.75 | 155 |
| Total Borrowing | 27.68 | 35.93 | 89.06 | 22.29 |
Other Important Details of TAC Infosec IPO
| IPO Date | March 27, 2024 to April 2, 2024 |
| Listing Date | 5-Apr-24 |
| Face Value | Rs 10 per share |
| Price Band | Rs 100 to Rs 106 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 2,829,600 shares amounting to Rs 29.99 crore |
| Fresh Issue | 2,829,600 shares amounting to Rs 29.99 crore |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 7,650,000 |
| Shareholding post issue | 10,479,600 |
| Market Maker portion | 141,600 shares |
Time-Table of TAC Infosec IPO
| 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 | 5 PM on April 2, 2024 |
Lot Size of TAC Infosec IPO
| Application | Lots | Shares | Amount |
| Retail - Minimum | 1 | 1200 | Rs 127,200 |
| Retail - Minimum | 1 | 1200 | Rs 127,200 |
| HNI - Minimum | 2 | 2,400 | Rs 254,400 |
IPO Reservation of TAC Infosec Limited
| Investor Category | Shares Offered |
| QIB Shares | Not more than 50 percent of the Issue |
| Retail Shares | Not less than 35 percent of the Issue |
| NII (HNI) Shares | Not less than 15 percent of the Issue |
Key Performance Indicator of TAC Infosec Limited IPO
| KPI | Values |
| ROE | 22.51% |
| ROCE | 22.75% |
| RoNW | 20.24% |
| P/BV | 8.42 |
| PAT Margin | 38.81% |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 6.63 | 3.72 |
| P/E | 15.98 | 28.5 |
Promoters of TAC Infosec Limited and Their Holdings
The promoters of TAC Infosec company are Nalin Gagrani, Karuna Nalin Gagrani, and Manoj Bhushan Tiwari.
| Shareholding Pre Issue | 78 percent |
| Shareholding Post Issue | 56.94 percent |
Lead Manager(s) of TAC Infosec IPO
The lead manager for TAC Infosec IPO is Beeline Capital Advisors Limited.
How do you apply for the TAC Infosec IPO?
Wait for the public issue to open for subscription, then click here to apply for the TAC Infosec Limited IPO with Bigul.
How do you check the allotment status of TAC Infosec IPO?
The registrar for TAC Infosec IPO is Skyline Financial Services Private Limited. To check your allotment status, please click here.
FAQs
- What is TAC Infosec IPO?
TAC Infosec IPO is a book-built issue of Rs 18.14 crores. This upcoming IPO issue is completely a fresh issue of 10.8 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new IPO is expected to be finalised on Monday, April 1, 2024.
- Who are the lead managers for the TAC Infosec Limited IPO?
Beeline Capital Advisors Limited is appointed as the lead manager for the IPO.
- What is the role of Skyline Financial Services Private Limited in this IPO?
Skyline Financial Services Private Limited is the registrar for TAC Infosec Limited, handling the IPO's administrative aspects.
- How can I apply for the TAC Infosec IPO?
The public subscription of this new IPO will open on March 27, 2024. Click here to initiate the application process.
- How will the net proceeds from the IPO be utilised?
The amount received from this Initial Public Offering will be used for acquisition of TAC Security Inc and making it a wholly owned subsidiary. Also, the company will also invest in Human Resource and Product Development and general corporate purposes will also be met.
- How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the TAC Infosec Limited IPO 2024 by visiting here.
- What is the financial performance of TAC Infosec Limited?
TAC Infosec posted a revenue of Rs 531.10 lakhs and profit after tax of Rs 194.85 lakhs for the quarter ended on 30 September 2023. The company’s revenue increased by 93.7% and net profit increased by 735.05 between the FY ending with 31 March 2023 and 31 March 2022.
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