TAC Infosec IPO is a book built issue of Rs 29.99 crores. The issue is entirely a fresh issue of 28.3 lakh shares.
TAC Infosec IPO opens for subscription on March 27, 2024 and closes on April 2, 2024. The allotment for the TAC Infosec IPO is expected to be finalized on Wednesday, April 3, 2024. TAC Infosec IPO will list on NSE SME with tentative listing date fixed as Friday, April 5, 2024.
TAC Infosec IPO price band is set at ₹100 to ₹106 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹127,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹254,400.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the TAC Infosec IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for TAC Infosec IPO is Spread X Securities.
Refer to TAC Infosec IPO RHP for detailed information.
TAC Infosec IPO Details
| IPO Date | March 27, 2024 to April 2, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹106 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 2,829,600 shares (aggregating up to ₹29.99 Cr) |
| Fresh Issue | 2,829,600 shares (aggregating up to ₹29.99 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,650,000 |
| Share holding post issue | 10,479,600 |
| Market Maker portion | 141,600 shares Spread X Securities |
TAC Infosec IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
TAC Infosec IPO Anchor Investors Details
TAC Infosec IPO raises Rs 8.55 crore from anchor investors. TAC Infosec IPO Anchor bid date is March 26, 2024.
| Bid Date | March 26, 2024 |
| Shares Offered | 806,400 |
| Anchor Portion Size (In Cr.) | 8.55 |
| Anchor lock-in period end date for 50% shares (30 Days) | May 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | July 2, 2024 |
TAC Infosec IPO Timeline (Tentative Schedule)
TAC Infosec IPO opens on March 27, 2024, and closes on April 2, 2024.
| IPO Open Date | Wednesday, March 27, 2024 |
| IPO Close Date | Tuesday, April 2, 2024 |
| Basis of Allotment | Wednesday, April 3, 2024 |
| Initiation of Refunds | Thursday, April 4, 2024 |
| Credit of Shares to Demat | Thursday, April 4, 2024 |
| Listing Date | Friday, April 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 2, 2024 |
TAC Infosec IPO Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹127,200 |
| Retail (Max) | 1 | 1200 | ₹127,200 |
| HNI (Min) | 2 | 2,400 | ₹254,400 |
| Lot Size Calculator | |||
TAC Infosec IPO Promoter Holding
The promoters of the company are Mr. Trishneet Arora and Mr. Charanjit Singh.
| Share Holding Pre Issue | 78.00% |
| Share Holding Post Issue | 56.94% |
About TAC Infosec Limited
TAC Infosec Limited was founded in 2016 and offers risk-based solutions for vulnerability management and assessment, cyber security quantification and penetration testing in a SaaS model.
The company’s clients include banks and financial institutions, government regulators and departments, large enterprises (including corporate offices) such as 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 had 56 employees, 33 of whom worked in operations and product development
TAC Infosec Limited Financial Information (Restated)
TAC Infosec Limited’s revenue increased by 93.7% and profit after tax (PAT) rose by 735.05% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,213.02 | 977.65 | 496.45 | 404.00 |
| Revenue | 531.10 | 1,014.28 | 523.63 | 516.49 |
| Profit After Tax | 194.85 | 507.29 | 60.75 | 61.13 |
| Net Worth | 962.90 | 768.05 | 260.75 | 200.00 |
| Reserves and Surplus | 917.90 | 723.05 | 215.75 | 155.00 |
| Total Borrowing | 27.68 | 35.93 | 89.06 | 22.29 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of TAC Infosec IPO is Rs 111.08 Cr.
KPI as of September 30, 2023.
| KPI | Values |
|---|---|
| ROE | 22.51% |
| ROCE | 22.75% |
| RoNW | 20.24% |
| P/BV | 8.42 |
| PAT Margin (%) | 38.81 |
Check TAC Infosec IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.63 | 3.72 |
| P/E (x) | 15.98 | 28.5 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.
Objects of the Issue (TAC Infosec IPO Objectives)
The Object of the Issue will be utilized towards the following objects:
- Acquisition of TAC Security Inc (Delaware, USA) and making it a Wholly Owned Subsidiary thereon,
- Investment in Human resources and Product Development, and
- General Corporate Purposes.
TAC Infosec Limited Contact Details
TAC Infosec Limited
8th Floor, Plot No. C-203,
Industrial Focal Point, Phase 8B, Balongi,
Rupnagar, S.A.S.Nagar, Mohali – 160055
Phone: +91 9988850821
Email: company.secretary@tacsecurity.com
Website: http://www.tacsecurity.com/
TAC Infosec IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php