TAC Infosec IPO: Open/Close Date, Price, Lot Size, Allotment & Subscription

Q: What minimum lot size can retail investors subscribe to?

The lot size for the IPO will be 1,200 shares per lot .

IPO Details

Bidding Dates

27 Mar '24 - 02 Apr '24

Minimum Investment

₹127,200 / 1 Lots ( 1200 Shares )

Price Range

₹100 - ₹106

Maximum Investment

₹127,200 / 1 Lots ( 1200 Shares )

Retail Discount

Not Applicable

Issue Size

₹29.99 Cr

Investor category and sub category

Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Mar 27, 2024

Closing Date

Apr 2, 2024

Basis of Allotment

Apr 3, 2024

Initiation of Refunds

Apr 4, 2024

Credit of Shares to Demat

Apr 4, 2024

Listing Date

Apr 5, 2024

Cut-off time for UPI mandate confirmation

Apr 2, 2024

TAC Infosec IPO Subscription Details

Date	QIB	NII	Retail	Total
Day 1Mar 27, 2024	2.64x	6.04x	16.29x	10.19x

TAC Infosec IPO Subscription Status Live

Investor Category	Subscription (Times)
Qualified Institutional Buyers	2.64
Non-Institutional Buyers	6.04
Retail Investors	16.29
Total	10.19

About TAC Infosec Ltd

The company is engaged in the business of providing risk-based vulnerability management and assessment solutions, cybersecurity quantification and services of penetration testing to organisations of any scale, size, and business through a SaaS model. Their end customers are banks and financial institutions, government regulatory bodies and departments, large-scale enterprises (including business offices) like HDFC, Bandhan Bank, BSE, National Payments Corporation of India, NSDL e-Governance, etc.

Their flagship software product is ESOF (Enterprise Security in One Framework) which was launched in 2018. ESOF is a vulnerability management platform consisting of a diverse product portfolio namely ESOF Appsec, ESOF VMP, ESOF VACA, ESOF PCI ASV, ESOF CRQ. All the products launched under the ESOF Platform have a wide range of applications ranging from vulnerability management solutions for web and application-based data, compliance assessment, and cyber risk quantification.

According to NASSCOM, the Indian IT industry’s revenue touched US$ 227 billion in FY22 via a 15.5% YoY growth and was estimated to have touched US$ 245 billion in FY23. A growing IT industry represents a growing demand for TAC Infosec’s products.

TAC Infosec Ltd IPO Details

TAC Infosec Ltd IPO Dates

The dates for bidding for the TAC Infosec IPO are March 27, 2024 to April 2, 2024.

TAC Infosec Ltd IPO Price Band

TAC Infosec is a book-built IPO. The exact price is ₹100 to ₹106 per share.

TAC Infosec Ltd IPO Lot Size

The TAC Infosec Ltd IPO lot size is 1,200 shares per lot.

TAC Infosec Ltd IPO Objectives

The net proceeds from the IPO are proposed to be utilised towards the following objectives:

Acquisition of TAC Security Inc (Delaware, USA) and making it a wholly owned subsidiary thereon.
Investment in Human resources and Product Development.
General corporate purposes.

Peer Details

The following are the listed peers of TAC Infosec in India:

Dev Information Technology Limited
Infobeans Technologies Limited
Sigma Solve Limited

How To Check the Allotment Status of the TAC Infosec Ltd IPO?

Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app.
Go to the IPO Section and then to IPO Orders.
Select the individual IPO that you had applied for and check the allotment status.
Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of TAC Infosec Ltd

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

Phone: +91 9988850821

E-mail: company.secretary@tacsecurity.com

IPO Financials

Particulars	Year Ending on March 31, 2023	Year Ending on March 31, 2022	Year Ending on March 31, 2021
Total Revenue (in ₹ lakh)	1,000.01	510.95	504.37
Net Profit (in ₹ lakh)	507.29	60.75	61.13
ROCE	89.82%	33.23%	47.38%
ROE	98.62%	26.37%	36.08%

Know before investing

Strengths

As they are engaged in the niche business of vulnerability management solutions, cybersecurity quantification and penetration testing, the company has been able to gain market share in this domain.
The company offers a broad range of security software solutions under the brand names “ESOF” and “TAC”. The diverse nature of solutions helps the company take care of all its client’s cybersecurity requirements.

Risks

The world of cybersecurity involves continuous technological development. The business will suffer if they fail to anticipate and develop new products and services in order to keep pace with rapid changes in technology and the industries on which they focus.
Their top ten customers contributed 96.09%, 90.87%, and 77.13% of total revenue from operations for financial years ended on March 31, 2023, 2022 and 2021, respectively. This makes the company’s revenue dependent on a handful of customers.