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tac infosec ipo

TAC Infosec IPO

  • Status: Closed
  • RHP:
  • ₹ 120,000 / 1200 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    05 Apr 2024

  • Listing Price

    ₹ 290.00

  • Listing Change

    173.58%

  • Last Traded Price

    ₹ 757.65

IPO Details

  • Open Date

    27 Mar 2024

  • Close Date

    02 Apr 2024

  • IPO Price Range

    ₹ 100 to ₹ 106

  • IPO Size

    ₹ 29.99 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    05 Apr 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

TAC Infosec IPO Subscription Status

Last Updated: 05 April 2024 6:13 PM by 5Paisa

TAC Infosec Limited IPO is all set to open from 27th March to 2nd April 2024. The company offers cybersecurity solutions. The IPO includes a fresh issue of 2,829,600 shares worth ₹29.99 cr. The share allotment date is 3rd April 2024, and the IPO will be listed on 5th April 2024 on the stock exchanges. The price band is ₹100 to ₹106 and the lot size is 1200 shares.    

Beeline Capital Advisors Private Limited is the book-running lead manager for this IPO, while Skyline Financial Services Private Limited is the registrar. 

Objectives of TAC Infosec IPO:

TAC Infosec Limited plans to utilize the raised capital from the IPO to:

●    To invest in Human resources and Product Development.
●    To acquire TAC Security Inc (Delaware, USA) and make it the company’s fully owned Subsidiary.
●    General Corporate Purposes.

Established in 2016, TAC Infosec Limited offers risk-based vulnerability management and assessment solutions. Additionally, the company also provides Penetration testing to organizations via its SaaS model along with cybersecurity quantification.  ESOF (Enterprise Security in One Framework) is the company’s flagship solution which is a vulnerability management platform. 

The company offers its solutions to Banks and Financial Institutions, government regulatory bodies and departments, and large-scale enterprises (including business offices). Some of its popular clients are HDFC, Bandhan Bank, BSE, National Payments Corporation of India, DSP Investment Managers Private Limited, Motilal Oswal Financial Services Limited and NSDL e-Governance. 

Peer Comparison

●    Dev Information Technology Limited
●    Infobeans Technologies Limited
●    Sigma Solve Limited

For More Information:
Webstory on TAC Infosec IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 10.00 5.10 5.04
EBITDA 5.28 1.02 0.78
PAT 5.07 0.607 0.611
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 9.77 4.96 4.04
Share Capital 0.45 0.45 0.45
Total Borrowings 2.09 2.35 2.04
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 1.72 0.034 0.88
Net cash from / (used in) investing activities 0.046 -0.58 -0.16
Net cash flow from / (used in) financing activities -0.62 0.19 0.11
Net increase (decrease) in cash and cash equivalents 1.15 -0.36 0.83


Strengths

1.    The company has a Niche Brand Building.
2.    It offers high-quality value-added solutions regarding vulnerability management and cyber risk security.
3.    The company has grown consistently over the last few years. 
4.    A highly experienced and professional leadership team.
 

Risks

1.    Intense competition in the market for technology services could affect the company’s pricing.
2.    It is subject to risks associated with expansion into new markets.
3.    Changing regulations in India could lead to new compliance requirements that are uncertain.
4.    The company operates under various laws. 
5.    The company faces high competition.

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FAQs

TAC Infosec IPO opens from 27th March to 2nd April 2024.
 

The size of TAC Infosec IPO is ₹29.99 cr. 
 

To apply for TAC Infosec IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the TAC Infosec IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange. 

You will receive a mandate notification to block funds in your UPI app.
 

The price band of TAC Infosec IPO is fixed at ₹100 to ₹106 per share. 
 

The minimum lot size of TAC Infosec IPO is 1200 shares and the investment required is ₹1,20,000.
 

The share allotment date of TAC Infosec IPO is 3rd April 2024.
 

The TAC Infosec IPO will be listed on 5th April 2024.
 

Beeline Capital Advisors Private Limited is the book-running lead manager for TAC Infosec IPO.
 

TAC Infosec plans to utilize the raised capital from the IPO to:

1.    To invest in Human resources and Product Development.
2.    To acquire TAC Security Inc (Delaware, USA) and make it the company’s fully owned Subsidiary.
3.    General Corporate Purposes.