The initial public offering (IPO) of Vijay Kedia-backed TAC Infosec is open for subscription now. Investors can subscribe to the SME issue until Tuesday, April 2, 2024. The company has fixed its price band in the range of Rs 100-106 apiece, with a lot size of 1,200 equity shares and its multiples thereafter.
Here are key things investors need to know about the public offer before subscribing to the issue.
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.
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.
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.
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.
Lead managers and registrar
Beeline Capital Advisors is the lead manager to the issue and Skyline Financial Services is the registrar.
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.
TAC Infosec GMP
The company’s shares are trading with a high GMP of Rs 80 in the unlisted market.
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.
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