Vijay Kedia-backed TAC Security IPO opens on March 27. Check issue size, price band, GMP and other details
TAC Security IPO is being made through the book-building process, wherein 50% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors.
By Akash Podishetti, ETMarkets.com | Updated:
Agencies
Ace investor Vijay Kedia-backed TAC Security's SME IPO will open for subscription on March 27 and will close on April 2. The company has fixed a price band of Rs 100-106 per share.
Investors can bid for 106 shares in one lot and in multiples thereafter. The cybersecurity company's public offer comprises a fresh equity issue of 28.2 lakh shares.
The issue is being made through the book-building process, wherein 50% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors.
TAC 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 the SaaS model.
The company offers security software products and solutions both in India and internationally. Its end customers are banks and financial institutions, government regulatory bodies and departments, and large-scale enterprises (including business offices) like HDFC, Bandhan Bank, BSE, NPCI, DSP investment managers pvt ltd, Motilal Oswal Financial Services and NSDL e-governance.
The company's flagship software product is ESOF (Enterprise Security in One Framework), which was launched in 2018. ESOF is a vulnerability management platform consisting of various product portfolios namely ESOF Appsec, ESOF VMP, ESOF VACA, ESOF PCI ASV, and 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 to compliance assessment, and cyber risk quantification.
Net proceeds from the IPO will be utilised for the acquisition of TAC Security Inc, Investment in human resources, and general corporate purposes.
For the six months ended September 2023, the company's revenue from operations stood at Rs 5.02 crore and profit was at Rs 1.94 crore.
Beeline Capital Advisors is the book-running lead manager to the issue and Skyline Financial Services is the registrar.
Investors can bid for 106 shares in one lot and in multiples thereafter. The cybersecurity company's public offer comprises a fresh equity issue of 28.2 lakh shares.
The issue is being made through the book-building process, wherein 50% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors.
TAC 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 the SaaS model.
The company offers security software products and solutions both in India and internationally. Its end customers are banks and financial institutions, government regulatory bodies and departments, and large-scale enterprises (including business offices) like HDFC, Bandhan Bank, BSE, NPCI, DSP investment managers pvt ltd, Motilal Oswal Financial Services and NSDL e-governance.
The company's flagship software product is ESOF (Enterprise Security in One Framework), which was launched in 2018. ESOF is a vulnerability management platform consisting of various product portfolios namely ESOF Appsec, ESOF VMP, ESOF VACA, ESOF PCI ASV, and ESOF CRQ.
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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 to compliance assessment, and cyber risk quantification.
Net proceeds from the IPO will be utilised for the acquisition of TAC Security Inc, Investment in human resources, and general corporate purposes.
For the six months ended September 2023, the company's revenue from operations stood at Rs 5.02 crore and profit was at Rs 1.94 crore.
Beeline Capital Advisors is the book-running lead manager to the issue and Skyline Financial Services is the registrar.
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TAC Security GMP
The company's shares have currently no GMP in the unlisted market.Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
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