Vijay Kedia-backed TAC Infosec IPO opens today: Check issue size, price band, GMP and other details
1) About TAC Infosec
Tas Security is engaged in the business of providing risk-based vulnerability management and assessment solutions, cybersecurity quantification and services of penetration testing to organizations of any scale, size, and business through SaaS model.
2) Industry overview
The IT and BPM sector has become one of the most significant growth catalysts for the Indian economy, contributing significantly to the country’s GDP and public welfare. The IT industry accounted for 7.4% of India’s GDP in FY22, and it is expected to contribute 10% to India’s GDP by 2025.
3) TAC Infosec IPO size
The IPO is entirely a fresh equity issue of 28.2 lakh shares and through the issue, the company aims to raise Rs 30 crore.
4) TAC Infosec IPO price band
The company is offering its shares at Rs 100-106 apiece, and investors can bid for 1,200 shares in 1 lot.
5) TAC Infosec IPO financial performance
For the period ended September 2023, the company clocked revenues of Rs 5.02 crore and net profit of Rs 1.94 crore.
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6) Objects of the offer
The net proceeds from the public offer will be used for the acquisition of TAC Security Inc and making it a wholly-owned subsidiary, investment in human resources and product development, general corporate purposes and public issue expenses.
7) Lead managers and registrar
Beeline Capital Advisors is the lead manager to the issue and Skyline Financial Services is the
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