Vijay Kedia-Backed Company to Make Stock Market Debut Next Week; IPO Issue Date, Price Band Fixed – Full Details Here
TAC Infosec Ltd is all set to make stock market debut in the last week of March. Beeline Capital Advisors Pvt Ltd is the sole book-running lead manager. TAC Security was founded by Trishneet Arora. It is a global leader in risk and vulnerability management.
TAC Infosec IPO: Vijay Kedia-Backed Company
The company is backed by stock market maven Vijay Kedia, offers risk-based vulnerability management and assessment solutions, cybersecurity quantification and Penetration testing to organisations of any scale, size, and business through the ‘SaaS model’.
TAC Infosec IPO Price Band
The price band has been fixed at Rs 100-106 per share for the Initial Public Offering (IPO).
TAC Infosec IPO Issue Date
The initial share sale will open for public subscription on March 27 and conclude on April 2. Bidding for the anchor investors will open a day on March 26, the company statement said.
TAC Infosec IPO Listing Details
The shares of the company will be listed on NSE’s small and medium enterprises platform Emerge.
TAC Infosec IPO Details
The IPO comprises a fresh issue of 28,29,600 equity shares with a face value of Rs 10 each through the book-building route. At the upper end of the price band, the company intends to raise up to Rs 29.9 crore.
TAC Infosec IPO Objective
The company proposes to use the net proceeds from the IPO to acquire TAC Security Inc (Delaware, USA) and make it a wholly-owned subsidiary thereon. It will also utilise the proceeds to invest in human resources and product development to support organic growth in India and the remaining will be used for general corporate purposes.
TAC Infosec IPO Lot Size
Investors can bid for a minimum of 1,200 equity shares and in multiples of 1,200 equity shares thereafter.
TAC Infosec IPO Registrar
Skyline Financial Services is the registrar for the issue.
(PTI Inputs)
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Today Technology Market ResearchDigital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
