TAC Infosec IPO

TAC Infosec Limited

₹1,20,000 /1200 sharesMinimum Investment

TAC Infosec IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
NSE₹106.00₹290.00₹184.00 (173.58%)
TAC Infosec IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
27 Mar ‘24 - 2 Apr ‘24₹1,20,0001,200₹100 - ₹106
Issue SizeIPO Doc
29.99CrRHP PDF
About TAC InfosecTAC Infosec Limited offers risk-based vulnerability management and assessment solutions, cybersecurity quantification, and penetration testing services to organizations. Operating through a Software-as-a-Service (SaaS) model, it offers cybersecurity solutions to meet the specific needs and challenges faced by businesses.
The company offers security software products and solutions both domestically in India and internationally. Its clientele includes banks and financial institutions, government regulatory bodies and departments. The company’s flagship software product is called ESOF (Enterprise Security in One Framework), which was introduced in 2018. The company drives its revenues primarily from ESOF and other services like Penetration testing. Its offices are located in Mohali and Pune.;
Parent Organisation
TAC Infosec Limited
Founded
2016
Managing Director
Mr. Trishneet Arora
Strengths & Risks
The company offers a range of security software solutions under the brand names “ESOF” and “TAC”.
The company reported revenue from operations of Rs. 5.04 cr, Rs. 5.11 cr and Rs. 10 cr in FY 2021, 2022 and 2023 respectively. For the same time periods, it reported Profit after tax of Rs. 0.61 cr, Rs. 0.61 cr and Rs. 5.07 cr. 
As per the company, some of its clients include HDFC, Bandhan Bank, BSE, National Payments Corporation of India, DSP Investment Managers Private Limited, Motilal Oswal Financial Services Limited, and NSDL e-Governance. 
The company faces ongoing litigation, the outcome of which could potentially have negative consequences on its business, reputation, and financial performance.
The company's top ten customers have contributed 96.10%, 96.09%, 90.87%, and 77.13% of its total revenue from operations for the periods ending on September 30, 2023, March 31, 2023, 2022, and 2021, respectively.
The company has identified discrepancies and non-compliances in certain aspects of its financial reporting and/or records, particularly concerning the filing of returns and depositing statutory dues with taxation and other regulatory authorities.
The company may encounter potential conflicts of interest with other group companies or entities promoted by its directors or promoters, or those in which they hold interests. Some of the company's group entities are involved in similar or identical lines of business as those promoted by its directors or promoters, or in which they may hold interests.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹100 - 106₹2 Lakh
High Networth Individual₹100 - 106₹2 - 5 Lakh
For TAC Infosec IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
NSE	₹106.00	₹290.00	₹184.00 (173.58%)

Bidding Dates	Min. Investment	Lot Size	Price Range
27 Mar ‘24 - 2 Apr ‘24	₹1,20,000	1,200	₹100 - ₹106

Issue Size	IPO Doc
29.99Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹100 - 106	₹2 Lakh
High Networth Individual	₹100 - 106	₹2 - 5 Lakh

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
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