TAC Infosec IPO

The initial public offering (IPO) of TAC Infosec will open for subscription on March 27 and close on April 02, comprising fresh issues of Rs.29.99 Crore An investor can apply for the issue for a minimum of 1200 shares and the listing will happen on April 05, 2024. 

#1. Quick Intro to TAC Infosec   

TAC Infosec Limited (2016) offers risk-based solutions for vulnerability management and assessment, cyber security quantification and penetration testing in a SaaS model.

The company’s client include banks and financial institutions, government regulators and departments, large enterprises (including corporate offices) such as HDFC, Bandhan Bank, BSE, National Payments Corporation of India, DSP Investments Managers Private Limited, Motilal Oswal Financial Services Limited and NSDL e-Governance.  

Check out the IPO allotment status on IPO Deliver.

#2. IPO Object of TAC Infosec   

The company intends to use the IPO Funds for the following purposes:

1. Acquisition of TAC Security Inc (Delaware, USA) and making it wholly owned subsidiary thereon.
2. Investment in Human Resources and Product Development.
3. General corporate purposes.

#3. TAC Infosec Core Strengths 

1. Founder led company supported by a highly experienced and professional leadership team.
2. Niche Brand Building.
3. Easy to use and high-quality solutions.
4. Consistent growth and profitability.

#4. TAC Infosec IPO Review & Rating

Issue Size	Rs.29.99 Crore
Issue Price	Rs.100 to Rs.106 per share
Minimum Lot Size	1200 Shares
Total Profit (Sep 30, 2023)	Rs.194.85 Lakhs
ROE (%)	22.51%
ROCE (%)	22.75%
Listing on	NSE SME
IPO Deliver Rating	Four

 

#5. TAC Infosec IPO Dates, Price Band & Details

TAC Infosec IPO will open on March 27, 2024, and close on April 02, 2024. The IPO is to be listed on April 05, 2024.  

Type of issue	Book Built Issue IPO
Issue Size	Rs.29.99 Crore
Price Brand	Rs.100 to Rs.106 per share
Face Value	Rs. 10/- per share
IPO Open Date	March 27, 2024
IPO Close Date	April 02, 2024
IPO Allotment Date	April 03, 2024
Refund Date	April 04, 2024
Share Credit Date	April 04, 2024
Listing Date	April 05, 2024

 

#6. TAC Infosec IPO Offer Details

TAC Infosec IPO’s total issue size is 2,829,600 shares, comprising the below-mentioned categories. 

Offer Category	Shares Offer	Amount (Crore)
Fresh Issue	2,829,600	29.99
Offer for Sale (OFS)	–	–

 

#7. TAC Infosec Financials Overview (Lakhs)

The following table sets forth the summary of financial information of the company for the period October 31, 2023, March 31, 2023 and March 31, 2022.

Category (Rs.)	Sep 30, 2023	March 31, 2023	March 31, 2022
Total Revenue	531.10	1,014.28	523,49
Net Worth	962.90	768.05	260.75
Profit	194.85	507.29	60.75
Total Borrowings	27.68	35.93	689.06

 

#8. TAC Infosec Quantitative Factors 

The following table sets forth the summary of financial information of the company for the period September 30, 2023, March 31, 2023 and March 31, 2022. 

Category	Sep 30, 2023	March 31, 2023	March 31, 2022
EPS (Rs.)	2.55	6.63	0.79
RoNW (%)	20.24	66.05	23.03
NAV (Rs.)	12.59	10.04.	3.41

 

#9. TAC Infosec Comparison with Other Peer Companies (Top 2)

Listed companies in India are comparable in all aspects of the business. 

Company Names	Total Revenue (Rs. in Lakhs)	RoNW (%)	NAV (Rs.)
DAV Information Technology Limited	12,197.02	20.57	19.20
–	–	–	–

 

#10. TAC Infosec Company Promoters 

The company has two promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). 

Sr. No.	Name of Promoter
01.	Trishneet Arora
02.	Charanjit Singh

 

#11. TAC Infosec Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding	Percentage (%)
Pre-issue	78.00
Post-issue	56.94

 

#12. TAC Infosec IPO Reservation Details

TAC Infosec IPO total reservation shares are distributed between the below-mentioned categories. 

Category	Share Offered
Retail Shares Offered	940,800 (33.25%)
NII Shares Offered	403,200 (14.25%)
QIB Shares Offered	537,600 (19.00%)
Anchor Investor Shares Offered	806,400 (28.50%)
Market Maker Shares Offered	141,600 (5.00%)
Total Shares Offered	2,829,600 (100%)

 

#13. TAC Infosec IPO – Lot Size

An investor can apply for a minimum of 1200 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:

Application	Lot Size	No. of Shares	Amount (Rs.)
Retail (Min.)	1	1200	127,200
Retail (Max.)	1	1200	127,200
HNI (Min.)	2	2400	254,400

 

#14. TAC Infosec IPO – Prospectus Copy

An investor can download/view the TAC Infosec prospectus copy, which the company filed to exchange, details are as follows. 

TAC Infosec IPO Prospectus

Draft Red Herring Prospectus (DRHP)

Red Herring Prospectus (RHP)

 

#15. TAC Infosec IPO Registrar 

Skyline Financial Services Private Limited

Phone No.: +011-40450193-197

E-Mail: ipo@skylinerta.com

Website: www.skylinerta.com

#16. TAC Infosec IPO Lead Managers

Beeline Capital Advisors Private Limited 

Phone No. +079-4918 5784

E-Mail: mb@beelinemb.com

Website: www.beelinemb.com

#17. TAC Infosec IPO Application (How to Apply for an IPO)

There are three primary options for applying for a TAC Infosec IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “TAC Infosec    Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “TAC Infosec Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you. 

#18. TAC Infosec Company Details

TAC Infosec Limited 

Registered Office: 8th Floor, Plot No. C-203, Industrial Focal Point Phase 8B, Balongi, Rupnagar, S.A.S.Nagar, Mohali-160055, Punjab, India.

Email: company.secretary@tacsecurity.com

Website: www.tacsecurity.com

Investor Grievances/Compliance Officer: Sharon Arora

#19. TAC Infosec Subsidiary Companies (Top 2)

Sr.No.	Name of Companies (Indian)
01.	TAC Security Inc (Delaware, USA)
02.	–

 

#20. TAC Infosec Company Board (Top 2)

Sr. No.	Name of Directors
01.	Trishneet Arora
02.	Charanjit Singh

 

TAC Infosec IPO – Frequently Asked Questions (FAQs)

#1. What is a TAC Infosec IPO? TAC Infosec brings its IPO of Rs.29.99 crore, on March 27, 2024, with a price band of Rs.100 to Rs.106 per share.

 

#2. What is the TAC Infosec IPO Open date? TAC Infosec  IPO’s opening date is March 27, 2024.

 

#3. What is the TAC Infosec IPO Close Date? TAC Infosec  IPO’s closing date is April 02, 2024.

 

#4. What is the TAC Infosec IPO Listing date? TAC Infosec’s IPO listing date is April 05, 2024.

 

#5. What is the TAC Infosec IPO Minimum investment amount? TAC Infosec IPO’s minimum investment amount is Rs. 127,200.

 

#6. What is the TAC Infosec IPO offer issue Size? TAC Infosec offers an issue size of Rs.29.99 crore.

 

#7. What is the TAC Infosec IPO Price Band? TAC Infosec’s IPO price band is Rs.100 to Rs.106 per share.

 

#8. Is TAC Infosec IPO mainboard IPO or SME IPO? TAC Infosec IPO is an SME IPO.