The initial public offering (IPO) of TAC Infosec Limited is set to open for public issue on Wednesday, March 27, 2024.
The anchor portion will be available to investors on Tuesday, March 26, 2024, and the subscription will close on Tuesday, April 2, 2024. The company aims to raise around Rs 29.9 crore through this offering and plans to get listed on the NSE Emerge.
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The price range for the IPO has been fixed at Rs 100 – Rs 106 per share, and investors will need to buy a lot of 1,200 equity shares.
Beeline Capital Advisors Private Limited is acting as the book running lead manager, while Skyline Financial Services Private Limited is the registrar for the issue.
The IPO will include a fresh issue of 28,29,600 equity shares with a face value of Rs 10 through the book-building route.
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Specific allocations have been made for different types of investors, with 1.41 lakh equity shares reserved for Market Makers, 4.03 lakh equity shares for Non-Institutional Investors (NIIs), 13.44 lakh equity shares for Qualified Institutional Buyers (QIBs), and 9.4 lakh equity shares for Retail Investors (RIIs).
TAC Security, supported by stock market expert Vijay Kedia, provides risk-based vulnerability management solutions, cybersecurity quantification, and Penetration testing to organisations of all sizes through the “SaaS model”.
As per the RHP document, the company plans to utilise the funds raised from the IPO for enhancing human resources and product development to fuel growth in India, as well as for investing in TAC Security INC. (Delaware, USA) to recruit skilled personnel for growth outside India. The remaining capital will be allocated for general corporate purposes.
Founded by entrepreneur Trishneet Arora, TAC Security has experience in cybersecurity and vulnerability management.
