TAC Infosec IPO allotment: The share allotment for the initial public offering (IPO) of TAC Infosec IPO share allotment will be finalised today (April 3). Those who have applied for the issue can check the allotment status by going to the website of registrar Skyline Financial Services Private Ltd.
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Those who have not been allotted shares will also receive refunds. The IPO’s listing date is scheduled for April 5.
TAC Infosec IPO: How to check allotment status?
If you have applied for the TAC Infosec IPO, you can check your TAC Infosec IPO allotment status following these steps
Go to Skyline Financial Services Private Ltd and select the IPO from the dropbox.
Select from three options: Application No, Demat Account or PAN.
Enter the information and the IPO status can then be seen on the screen.
TAC Infosec IPO subscription status
On day 4, TAC Infosec IPO subscription status was 422.03 times while non-institutional investors subscribed 768.89 times, retail investors subscribed 433.80 times and Qualified institutions (QIBs) subscribed 141.29 times.
TAC Infosec IPO details
The issue is valued at about ₹29.99 crore and comprises a new issuance of 2,829,600 equity shares with a face value of ₹10. The IPO has no offer-for-sale component and the company aims to use the proceeds from the issue for investments in human resources and product development; buying TAC Security Inc. (Delaware, USA) and for general commercial objectives, it said.
TAC Infosec IPO lead manager and promoters
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the IPO. Market maker is X Securities and Charanjit Singh and Trishneet Arora are the promoters of the firm.
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TAC Infosec IPO GMP today
TAC Infosec IPO grey market premium is +125 which indicates that the share price was trading at a premium of ₹125 in the grey market, as per investorgain.com. The anticipated listing price of ₹231 per share—or 117.92% more than the IPO price of ₹106.
