IPO Details
Bidding Dates
27 Mar 24 - 02 Apr 24
Price Range ₹
100 - 106
Total Equity
₹ 29.99Cr
Lot Size
1200
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
27 Mar 2024
Offer end
02 Apr 2024
Allotment
03 Apr 2024
Refund initiation
04 Apr 2024
Demat transfer
04 Apr 2024
Listing
05 Apr 2024
Offer start
27 Mar 2024
Offer end
02 Apr 2024
Allotment
03 Apr 2024
Refund initiation
04 Apr 2024
Demat transfer
04 Apr 2024
Listing
05 Apr 2024
About Company
Founded as TAC Infosec Private Limited in 2016, TAC Infosec Limited transitioned to a public limited company in December 2023. The company specializes in risk-based vulnerability management, cybersecurity quantification, and penetration testing services delivered through a Software-as-a-Service (SaaS) model. Their primary product, ESOF (Enterprise Security in One Framework), was introduced in 2018, providing a comprehensive suite of solutions including vulnerability management, compliance assessment, and cyber risk quantification. ESOF facilitates continuous vulnerability assessment, prioritization, and mitigation, employing advanced algorithms for automatic vulnerability ranking.
Year Founded
01-08-2016
Promotor Details
Trishneet Arora
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 78 | 56.94 |
| Share Capital | 5967000 | 5967000 |
Offer to Public
28,29,600.00 Cr
Project Details
- Investment in Human resources and Product Development - 186.5cr
Objectives
- Acquisition of TAC Security Inc (Delaware, USA) and making it Wholly Owned Subsidiary thereon.Investment in Human resources and Product Development.General Corporate Purposes.
Highlights
- Demonstrating steady growth, the company has achieved impressive compound annual growth rates (CAGR) in total revenue, EBITDA, and restated profit for the years FY21-23.
- Offering top-notch solutions, the company delivers value-added services in vulnerability management and cybersecurity.
- The company's focus on vulnerability management, cybersecurity quantification, and penetration testing services establishes a strong niche brand presence.
- IPO funds will drive TAC Security's growth initiatives, aiming to strengthen its cybersecurity presence in India and globally, focusing on human resources, product development, and expansion, especially in the United States.
- The IPO is backed by industry figures like Vijay Kedia and led by cybersecurity expert Trishneet Arora, recognized for achievements such as Forbes "30 Under 30" Asia and Fortune India's "40 Under 40."
Challenges
- Intense competition within the technology services market may lead to pricing challenges, potentially reducing the company's market share and impacting revenues and profitability.
- A notable portion of the company's sales comes from a limited number of customers, leaving it vulnerable to revenue impact if any of these clients are lost.
- The company faces ongoing legal disputes, with potential adverse outcomes that could harm its business, reputation, and financial results.
- Challenges in managing costs efficiently could lead to cost overruns, decreasing profitability and affecting the company's financial well-being.
- Incorrect estimation of project costs and complexity may result in underpricing, diminishing profit margins, and possibly making contracts unprofitable, posing a risk to financial stability.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 1,770.37 | 765.00 | 633.04 | 633.04 | 8.275 |
