IPO

TAC Infosec Limited IPO

NSE SME

Listed On: Apr 5, 2024 at ₹ 290.0

₹ 254400 /2400 Shares
*Min Investment

Check Allotment

27 Mar, 2024

Open Date

02 Apr, 2024

Close Date

03 Apr, 2024

Allotment Date

05 Apr, 2024

Listing Date
TAC Infosec Limited IPO Issue Details
  • Issue Price ₹100-106 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 28,29,600 shares(aggregating up to ₹29.99 crore)
  • Fresh Share 28,29,600 shares(aggregating up to ₹29.99 crore)
  • Listing at NSE SME
  • List Price 290.0
  • Listing Date 2024-04-05
  • Lead Manager Beeline Capital Advisors Pvt Ltd
  • Registrar Skyline Financial Services Private Ltd
Market Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)11200₹1,27,200
Retail(max)11200₹1,27,200
NII (min) 22,400₹2,54,400
TAC Infosec Limited IPO Reservation

TAC Infosec Limited IPO offers total 2,829,600 shares. Out of which 537,600 (19%) allocated to QIB, 403,200 (14.25%) allocated to NII,940,800 (33.25%) allocated to RII, NA (NA%) allocated to employees and 806,400 (28.5%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered806,400 (28.5%)
Market Maker Shares Offered141,600 (5%)
QIB Shares Offered537,600 (19%)
NII (HNI) Shares Offered403,200 (14.25%)
Retail Shares Offered940,800 (33.25%)
Total Shares Offered2,829,600 (100%)
TAC Infosec Limited IPO Documents
DRHP
RHP
TAC Infosec Limited IPO Details


TAC Infosec Limited IPO is an SME IPO, priced at ₹100-106 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 28,29,600 equity shares, aggregating up to ₹29.99 crores..

The IPO bidding window is open from Mar 27, 2024 to Apr 2, 2024. The allotment is expected to be finalized on Apr 3, 2024, and the tentative listing date is Apr 5, 2024.

The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,27,200. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,54,400.

Beeline Capital Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Private Ltd, and Spread X Securities Private Limited will act as the market maker for this issue.

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TAC Infosec Limited IPO Subscription Analysis And Details
Retail
433.54x
Total
421.96x
As onQIB / NIIRetailTotal
Shares Offered / Reserved537,600 / 403,200940,8001,881,600
Day 1 27-03-24 06:00 PM
2.64 / 6.06 x16.57 x10.34 x
Day 2 28-03-24 06:00 PM
2.67 / 14.08 x42.17 x24.86 x
Day 3 01-04-24 06:00 PM
2.67 / 52.12 x114.20 x69.03 x
Day 4 02-04-24 06:00 PM
141.29 / 769.18 x433.54 x421.96 x
Total No of Applications
3,40,097
TAC Infosec Limited Valuations
EPS Pre IPO ₹6.63/-
EPS Post IPO ₹3.72/-
P/E Pre IPO 15.98
P/E Post IPO 28.5
ROE 22.51%
ROCE 22.75%
RoNW 20.24%
PAT Margin 38.81
Price to Book Value 8.42
TAC Infosec Limited Company Financials
In Lakhs
In Lakh
31-Mar-2331-Mar-2231-Mar-21
Assets977.65496.45404.00
Revenue1,014.28523.63516.49
Profit After Tax507.2960.7561.13
Net Worth768.05260.75200.00
Reserves & Surplus723.05215.75155.00
Total Borrowing35.9389.0622.29
About TAC Infosec Limited Company

TAC Infosec Limited is a 2016 launched company that provides risk-based solutions for vulnerability management and assessment, cyber security quantification and penetration testing in a SaaS model.

Some of its key clients include banks and financial institutions, government regulators and departments, large enterprises (including corporate offices) like HDFC, Bandhan Bank, BSE, National Payments Corporation of India, DSP Investment Managers Private Limited, Motilal Oswal Financial Services Limited and NSDL e-Governance.

As of September 30, 2023, the company was staffed with 56 employees, of whom 33 operated in operations and product development.

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TAC Infosec Limited - Promoter(s)

Mr. Trishneet Arora

Mr. Charanjit Singh

Pre Issue Share Holding : 78.00%

Post Issue Share Holding : 56.94%

TAC Infosec Limited IPO - Issue Objectives
1

Acquisition of TAC Security Inc (Delaware, USA) and making it a Wholly Owned Subsidiary thereon

2

Investment in Human resources and Product Development

3

General Corporate Purposes.

TAC Infosec Limited IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
TAC Infosec Limited6.63N/A10.04N/A66.0510.56Standalone
Dev Information Technology Limited3.95N/A19.223.7320.574.88Standalone
Infobeans Technologies Limited15.19N/A98.7429.6315.384.56Standalone
Sigma Solve Limited1.88N/A12.38100.8915.1515.28Standalone

Notes:

  1. The P/E Ratio has been computed based on the closing market price of equity shares on NSE on March 31, 2023, divided by the Basic EPS.
  2. Return on Net Worth (RoNW) is computed as net profit after tax divided by the closing net worth. Net worth has been computed as the sum of share capital and reserves and surplus.
  3. NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.
Contact Details

TAC Infosec Limited

8th Floor, Plot No. C-203, Industrial Focal Point, Phase 8B, Balongi, Rupnagar, S.A.S.Nagar, Mohali – 160055

+91 9988850821

company.secretary@tacsecurity.com

http://www.tacsecurity.com/

Registrar Contact Details

Skyline Financial Services Private Ltd

02228511022

ipo@skylinerta.com

https://www.skylinerta.com/ipo.php