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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.
Also Read: SRM Contractors IPO opens for subscription. Check issue size, price band, GMP and other details
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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How chronic illness became a starting point for artistic alchemy for Koshy Brahmatmaj
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Even at $5 trillion, Nvidia is underappreciated
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RK Swamy bets on integrated advertising model as global agency giants split media and creative
Subscribe to enjoy similar stories.Homegrown advertising group RK Swamy Ltd is betting on its integrated marketing model to drive growth over the next few years, combining media, creative and other advertising services even as the ‘Big Four’ agency networks increasingly separate those businesses.“We never did disaggregated media and creative [although] that was an option 20 years ago,” Shekhar Swamy, MD and group CEO of RK Swamy Ltd told Mint in an interview.“How can you disaggregate the two? The media function holds a lot of data, and then when media and creative walk separately, it creates a lot of tension. This is not a sensible model for a client.”RK Swamy’s clients include Magicbricks, Polycab, and several government institutions and PSUs such as LIC.The company reported a 15% jump in annual revenue for FY26 to ₹351.73 crore, while profit before tax and exceptional items rose 30% year-on-year to ₹32.2 crore.
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SpaceX, Anthropic and OpenAI’s sprint to go public defines the AI boom’s big day
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21.05 / 09:47
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