TAC Infosec Limited IPO : Company Details

TAC Infosec Limited IPO is set to launch on 27 March, 2024. The company initiated its business operations in the year 2016. It offers risk based solutions. The company’s solutions tackle various problems like vulnerability management and assessment, penetration testing in SaaS model and cyber security quantification. The company has various clients like Bandhan Bank, HDFC Bank, DSP Investment Managers Private Limited, National Payments Corporation of India, NSDL e-Governance, Motilal Oswal Financial Services Limited etc. It has an employee base of 56 people.

TAC Infosec Limited IPO DETAILS

TAC Infosec Limited IPO is set to launch on 27 March, 2024. The subscription timeline extends till 2 April, 2024. The size for the IPO is 29.99 Crore Rs. Shares issued through fresh issue mode are worth Rs 29.99 Crore. No shares are issued through offer for sale mode. The lot size is 1200 shares and the price is 100 Rs to 106 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is Skyline Financial Services Private Limited.

Tabular Description of TAC Infosec Limited IPO

IPO OPENING DATE	27 March, 2024
CLOSING DATE FOR IPO	2 April, 2024
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	100 Rs to 106 Rs per share
LOT SIZE	1200 shares
MINIMUM ORDER QUANTITY	1200 shares
ISSUE SIZE	29.99 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode
FRESH ISSUE	29.99 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	5 April, 2023

TAC Infosec Limited IPO : IMPORTANT DATES

IPO OPENING DATE	27 March, 2024
CLOSING DATE FOR IPO	2 April, 2024
IPO ALLOTMENT DATE	3 April, 2024
REFUNDS	4 April, 2024
DEMAT A/C CREDITED ON	4 April, 2024
IPO LISTING DATE	5 April, 2024

TAC Infosec Limited IPO begins for subscription from 27 March, 2024. The IPO subscription would continue till 2 April, 2024. The allotment status for the shareholders who applied would come on 3 April, 2024. The refunds for the ones who did not get allotment would be initiated on 4 April, 2024. The DEMAT accounts of shareholders would be credited on 4 April, 2024. The listing of the company would be completed on 5 April, 2024.

TAC Infosec Limited IPO : Lead Managers

The lead managers are :

• Beeline Capital Advisors Private Limited

The minimum lot size for the company is decided at 1200 shares. This holding accounts to 127200 Rs.. The maximum lot size is decided at 2400 shares (HNI). This amounts to 254400 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	1200 shares	127200 Rs.
Maximum	2400 shares	254400 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2020-21	2021-22	2022-23
Asset	404	496	977
Revenue	516	523	1014
PAT	61	60	507

TAC Infosec Limited had an asset base of 404 Lakh Rs in 2021. In 2022 the asset base of the company increased by 496 Lakh Rs. The asset base of the firm was 977 Lakh Rs in the year 2023. The revenue of the firm was 516 Lakh Rs in the year 2021. This increased slightly to 523 Lakh Rs in 2022. The revenue of the firm was 1014 Lakh Rs in the year 2023. The profit of the firm was 61 Lakh Rs in the year 2021. Profit in the year 2022 decreased by 1 Lakh Rs to 60 Lakh Rs. However in the year 2023 the profit of the firm boosted to 507 Lakh Rs in 2023 which means an increase of more than 740% in the profit figures.

PROS

• The company’s solutions tackle various problems like vulnerability management and assessment, penetration testing in SaaS model and cyber security quantification.
• The company has various clients like Bandhan Bank, HDFC Bank, DSP Investment Managers Private Limited, National Payments Corporation of India, NSDL e-Governance, Motilal Oswal Financial Services Limited etc.
• It has an employee base of 56 people.

TAC Infosec Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the TAC Infosec Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.