TAC Infosec was incorporated on August 01, 2016. The company is engaged in providing risk-based vulnerability management and assessment solutions, cybersecurity quantification, and penetration testing services to organizations of any scale, size, and business through a "SaaS model". It offers security software products and solutions both in India and internationally
| Bidding Dates |
|---|
| 27 Mar 2024 - 02 Apr 2024 |
| Subscription |
|---|
| 392.56x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 1200 | 2.8 M | ₹100 - ₹106 | 56.94 % | ₹283.0 M - ₹299.9 M | RHP DOC |
TAC Infosec IPO SUBSCRIPTION STATUS
02 Apr '24TAC Infosec IPO overall subscription rate was 392.56 times the total available shares
TAC Infosec IPO retail subscription rate was 576.34 times in the retail segment
TAC Infosec IPO non-institutional investor subscription rate was 1022 times in the non-institutional investor category
TAC Infosec IPO Qualified Institutional Bidder subscription rate was 75.09 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
02 Apr 2024 (Day 4) | 576.34x | 1022x | 75.09x |
01 Apr 2024 (Day 3) | 151.72x | 69.24x | 1.42x |
28 Mar 2024 (Day 2) | 55.06x | 18.95x | 1.42x |
27 Mar 2024 (Day 1) | 21.19x | 7.95x | 1.4x |
TAC Infosec FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 19.5 | 50.2 | 1.5 | 1.1 | 37.4% |
| FY23 | 50.7 | 100.0 | 17.3 | 16.3 | 52.8% |
| FY22 | 6.1 | 51.1 | 0.3 | -6.7 | 20.0% |
| FY21 | 6.1 | 50.4 | 8.8 | 6.0 | 15.6% |
TAC Infosec IPO SUBSCRIPTION STATUS DETAILS
TAC Infosec had 2.8 M shares on offer
TAC Infosec IPO offer price was in the range ₹100 - ₹106
TAC Infosec IPO minimum Investment was ₹120000
TAC Infosec IPO issue size was ₹ 283.0 M - ₹ 299.9 M
TAC Infosec had a minimum lot size of 1200 Shares per application
TAC Infosec NUMBER OF SHARES ON OFFER
TAC Infosec IPO IMPORTANT DATES
| Issue Open Date | 27 Mar 2024 |
| Issue close Date | 02 Apr 2024 |
| Allotment Date | 03 Apr 2024 |
| Refund Date | 04 Apr 2024 |
| Demat Account Credit Date | 04 Apr 2024 |
| Listing Date | 05 Apr 2024 |
| Listing on Exchange(s) | NSE |
| TAC Infosec Allotment Status | Exchange |
TAC Infosec IPO subscription opened on 27 Mar 2024, and closed on 02 Apr 2024
IPO allotment for TAC Infosec was finalized on Wednesday, 03 Apr 2024
IPO listing for TAC Infosec was on NSE on Friday, 05 Apr 2024
TAC Infosec IPO LISTING GAINS
| Issue Price (adjusted) | 53.0 |
| Listing Open Price | 290.0 |
| Listing Close Price | 304.5 |
| Listing Gain% | 173.6% |
| Current Gain% | 864.3% |
TAC Infosec Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TAC Infosec Ltd. | 511 | 535.6 | 47.8 | -2.2 | 16 | 27 | 23.3 | 57.2 | 77.6 | 22.5 | 56.2 | 10.7 | -22.2 |
| Tata Consultancy Services Ltd. | 2452.7 | 887408.3 | 17.8 | 16.7 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1175.1 | 476862.2 | 15.7 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1356.6 | 368135.8 | 21.1 | 8 | 2.7 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 187.5 | 185737.1 | 14.1 | -7.8 | 2 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1635 | 160243.9 | 31.2 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
TAC Infosec INFORMATION ON IPO ISSUE
About TAC Infosec
TAC Infosec was incorporated on August 01, 2016. The company is engaged in providing risk-based vulnerability management and assessment solutions, cybersecurity quantification, and penetration testing services to organizations of any scale, size, and business through a "SaaS model". It offers security software products and solutions both in India and internationally
Object of the Issue
- Acquisition of TAC Security Inc (Delaware, USA) and making it a wholly-owned subsidiary thereafter.
- Investment in human resources and product development.
- Allocation for general corporate purposes.
TAC Infosec - PROMOTERS
| Name |
|---|
| Trishneet Arora |
| Charanjit Singh |
TAC Infosec Lead Manager to the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
TAC Infosec Registrar to the Issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
TAC Infosec Strengths
Niche brand building
Niche brand building is potent competitive strength of the company as it is engaged in the business of vulnerability management solutions, cybersecurity quantification and services of penetration testing
High-quality solutions
The company provides high-quality, value-added solutions for vulnerability management and cyber risk security
Consistent growth
The company has shown consistent growth over the last few years. Its total revenue, EBITDA, and restated profit for the year grew at a compound annual growth rate (CAGR) of 40.8%, 159.5%, and 186.7%, respectively, over FY21-23
TAC Infosec Risks
Certain outstanding litigation
The company is involved in certain outstanding litigation, the adverse outcome of which may negatively affect its business, reputation, and results of operations.
Dependent on few customers
The company relies on a small number of customers for a significant portion of its sales. The loss of any of these large customers may impact revenues and profitability
Intense competition
The intense competition in the market for technology services could impact pricing, potentially reducing the company's share of business from clients and decreasing revenues and profitability
IPO FAQs
TAC Infosec Ltd. IPO listing opened at Rs 290.00 while the issue price was Rs 106.00 giving 173.58% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 53.00 giving 864.25% gains since its IPO listing.
The promoters of the company are Trishneet Arora and Charanjit Singh.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 100.0 - 106.0.
The IPO application opens on Mar 27, 2024 and closes on Apr 02, 2024.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 127,200.0.
This IPO will be allotted on Apr 03, 2024.
The refund will be credited to your account on Apr 04, 2024.
The allotted shares will be credited to your demat on Apr 04, 2024.
TAC Infosec Ltd.’s shares listed on the stock exchanges on Apr 05, 2024.