TAC Infosec Ltd IPO Timeline

TAC Infosec Ltd IPO opens on 27-Mar-2024, and closes on 02-Apr-2024. The TAC Infosec Ltd IPO bid date is from 27-Mar-2024 to 02-Apr-2024. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
TAC Infosec Ltd IPO Opening Date 27-Mar-2024
TAC Infosec Ltd IPO Closing Date 02-Apr-2024
Basis of Allotment 03-Apr-2024
Initiation of Refunds 04-Apr-2024
Credit of Shares to Demat 04-Apr-2024
TAC Infosec Ltd IPO Listing Date 05-Apr-2024

TAC Infosec Ltd IPO Lot Size

TAC Infosec Ltd IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or 127200).

Application Lots Shares Amount
Minimum 1 1200 ₹127200
Maximum 1 1200 ₹127200

TAC Infosec Ltd IPO Details

TAC Infosec Ltd IPO Date 27-Mar-2024 to 02-Apr-2024
TAC Infosec Ltd IPO Face Value Shares of ₹10 per share
TAC Infosec Ltd IPO Price ₹100 to ₹106 per share
TAC Infosec Ltd IPO Lot Size 1200
Issue Size Shares of ₹10 (aggregating up to ₹29.99 Cr)
Fresh Issue Shares of ₹10 (aggregating up to ₹29.99 Cr)
Offer for Sale -
Issue Type Book Building - SME
Listing At NSE - SME
QIB Shares Offered -
Retail Shares Offered -
NII (HNI) Shares Offered -
Company Promoters Trishneet Arora, Charanjit Singh.

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • 1 Acquisition of TAC Sceurity Inc (Delaware USA) and making it wholly owned subsidiary theron
  • 2 Investment in human resources and product development
  • 3 General corporate purposes

Company Financials

TAC Infosec Ltd Financial Information (Restated)

Period Ended Total Assets Total Revenue Profit After Tax
03-2023 9.78 10.14 5.07
03-2022 4.96 5.24 0.61
03-2021 4.04 5.16 0.61
Amount in ₹ Crore
  • Founder led company supported by a highly experienced and professional leadership team.
  • Niche Brand Building.
  • Easy to Use and High-Quality Solutions.
  • Consistent Growth, Profitability and Cash Flow Generation.
  • The company's business will suffer if its fail to anticipate and develop new product and services thereon and enhance existing products portfolio in order to keep pace with rapid changes in technology and the industries on which the company focus.
  • If the company does not successfully anticipate market needs or develop and introduce new solutions that meet users' needs on a timely basis, its may not be able to compete effectively and the company's revenue, reputation, financial conditions, results of operations and cash flows may be adversely affected.
  • Its investments in technology may not yield the intended results especially on the company technical development.
  • There may be potential conflict of interests between the Company and other group Companies / entities or enterprises promoted by its Promoters or directors or in which its promoters / directors may be interested.
  • Any inability to license or incorporate software and technology rights held by third parties in its solutions may adversely impact the company's business, financial position, results of operations and cash flows.
  • Its pricing structures does not accurately anticipate the cost and complexity of performing its work and if the company is unable to manage costs successfully, then certain of its contracts could be or become unprofitable.
  • The company has certain outstanding litigation against the Company, an adverse outcome of which may adversely affect its business, reputation and results of operations.
  • The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.
  • Intense competition in the market for technology services could affect its pricing, which could reduce the company share of business from clients and decrease its revenues and profitability.
  • The company intend to utilize Rs. 1,865.00 Lakhs of the Net Proceeds for Investment in Human resources and Product Development. The company has relied on the management estimates for number of employees to be hired and average salary to be deployed to such hired employees. Such estimates have not been appraised by any bank or financial institution or any other independent agency.
  • Failure to offer customer support in a timely and effective manner may adversely affect its relationships with the company's customers.
  • Its Promoters, members of Promoter Group and director have provided personal guarantees to certain loan facilities availed by it, which if revoked may require alternative guarantees, repayment of amounts due or termination of the facilities.
  • The company is subject to risks associated with expansion into new markets.
  • The company may be liable to its clients for damages caused by system failures, disclosure of confidential information or data security breaches, which could harm its reputation and cause the company to lose clients.
  • If there is a change in tax regulations, its tax liabilities may increase and thus adversely affect the company financial position and results of operations. In addition, the company has availed benefit under section 80IAC of Income Tax Act 1961.
  • The company has entered into a number of related party transactions and may continue to enter into such transactions under AS 18, in the future, and there can be no assurance that the company could not have achieved more favourable terms had such transactions not been entered into with related parties.
  • The company does not own the Registered office and other office premises. Any dispute in relation to lease of its premises would have an adverse effect on the company's business and results of operations.
  • Its insurance coverage may not adequately protect the company against certain operating hazards and this may have a material adverse effect on its business.
  • Any Penalty or demand raised by statutory authorities in future will affect its financial position of the Company.
  • Changing regulations in India could lead to new compliance requirements that are uncertain. The regulatory environment in which its operate is evolving and is subject to change.
  • The company's business is operating under various laws which require its to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and its inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect the company's business, prospects, results of operations and financial condition.
  • The company requires certain approvals and licenses in the ordinary course of business, some of the approvals are required to be transferred in the name of `TAC Infosec Limited, the company is yet to update the some of the said registrations and the failure to successfully update such registrations would adversely affect its operations, results of operations and financial condition.
  • Within the parameters as mentioned in the chapter titled "Objects of this Issue" of this Red Herring Prospectus, the Company's management will have flexibility in applying the proceeds of this Issue. The fund requirement and deployment mentioned in the Objects of this Issue have not been appraised by any bank or financial institution.
  • The company has not identified any alternate source of raising the funds required for the object of the Issue and the deployment of funds is entirely at its discretion and as per the details mentioned in the section titled "Objects of the Issue".
  • The Company has in the past not complied with the certain provisions of the Companies Act, 2013. Further, there have also been instances where the Company has inadvertently filed incorrect information with the RoC in its statutory filings.
  • In addition to normal remuneration, other benefits and reimbursement of expenses to its Promoter, Directors, key Managerial Personnel and ; they are interested to the extent of their shareholding and dividend entitlement thereon in the Company and for the transactions entered into between the Company and themselves as well as between the Company and its Group Companies/Entities. The Company in future may enter in related party transactions subject to necessary compliances.
  • The average cost of acquisition of Equity shares by its Promoters is lower than the Issue price.
  • Its success depends heavily upon its Promoter, Directors, Key Managerial Personnel and Senior Managerial Personnel for their continuing services, strategic guidance and financial support. Its success depends heavily. upon the continuing services of Promoter, Directors, Key Managerial Personnel and Key Managerial Personnel who are the natural person in control of the Company.
  • Its Promoter and Promoter group will continue jointly to retain majority control over the Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.
  • The company faces competition from both domestic as well as international markets and its inability to compete effectively may have a material adverse impact on its business and results of operations.
  • There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
  • Industry information included in this Red Herring Prospectus has been derived from industry sources There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
  • Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by its major shareholders may adversely affect the trading price of the company Equity Shares.
  • Its ability to pay dividends in the future will depends upon the company future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.
  • Its inability to effectively implement the company's business and growth strategy may have an adverse effect on its operation and growth.
  • The requirements of being a public listed company may strain its resources and impose additional requirements.
  • There are certain discrepancies and non-compliances noticed in some of its financial reporting and/or records relating to filing of returns and deposit of statutory dues with the taxation and other statutory authorities.
  • Strengthening its Work Strength and Product Development Capabilities.
  • Leveraging Artificial Intelligence and Machine Learning Technology in its product solutions.
  • Broaden its Portfolio of Solutions.
  • Pursue International Growth Opportunities.
  • Customer Satisfaction.

TAC Infosec Ltd IPO Promoter Holding

Pre Issue Share Holding 78%
Post Issue Share Holding 56.94%

TAC Infosec Ltd IPO Subscription Status (Bidding Detail)

The TAC Infosec Ltd IPO is subscribed - times on Apr 02, 2024 05:00:00 PM. The public issue subscribed - times in the retail category, - times in the QIB category, and - times in the NII category. Check Day by Day Subscription Details (Live Status)

Category QIB NII Retail Employee Total
Subscription (times) - - - - -

TAC Infosec Ltd IPO Prospectus

TAC Infosec Ltd IPO Listing Date

Listing Date 05 Apr 24
BSE Script 92785
NSE Symbol TAC
Listing In NSE - SME
IPO Price ₹106
Face Value ₹10

TAC Infosec Ltd IPO Registrar

Skyline Financial Services Pvt

Phone: 011-40450193-197
Email: Ipo@skylinerta.com
Website: www.skylinerta.com

TAC Infosec Ltd IPO Lead Manager(s)

  1. Beeline Capital Advisors Pvt Ltd

FAQs on TAC Infosec Ltd IPO

TAC Infosec Ltd IPO, which opens for subscription from 27-Mar-2024 to 02-Apr-2024 has an issue size of ₹29.99 crore. The issue type is book building issue.

In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TAC Infosec Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.

TAC Infosec Ltd IPO Opens for subscription from 27-Mar-2024 to 02-Apr-2024.

The lot size of TAC Infosec Ltd is 1200 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹127200 and ₹127200 respectively.

Allotment date for TAC Infosec Ltd is 03-Apr-2024 and refund of application amount (in case allotment is not received) will begin from 04-Apr-2024. If your allotment goes through, then shares will be credited in your Demat account by 04-Apr-2024.

The registrar for TAC Infosec Ltd IPO is Skyline Financial Services Pvt. You can check your IPO allotment status on the registrar's website.

The shares of TAC Infosec Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Power your investments with our smart trading platforms

  • app_download_icon_img
    5 million+
    App downloads
  • 1_Click_icon_img
    Order Placement
  • higherreturns_icon_img
    2,361 Crore+
    Average Daily Turnover