| IPO date | 27 Mar 2024 – 02 Apr 2024 |
| Listing date | 05 Apr 2024 |
| Price range | 100 – 106 |
| Minimum order quantity | 1200 | (D)RHP | View |
TAC Infosec Limited is launching its IPO. The offer opens for subscription on March 27, 2024, and closes on April 2, 2024
Disclaimer: This stock will trade with a lot size of 1200 shares in the SME segment on listing.
What does TAC Infosec Limited do?
TAC Infosec Limited, originally incorporated as TAC Infosec Private Limited in 2016, transitioned into a public limited company in December 2023. The company specializes in risk-based vulnerability management, cybersecurity quantification, and penetration testing services through a Software-as-a-Service (SaaS) model.
Their flagship product, ESOF (Enterprise Security in One Framework), launched in 2018, offers a suite of solutions including vulnerability management, compliance assessment, and cyber risk quantification. ESOF aids in continuous vulnerability assessment, prioritization, and mitigation, utilizing advanced algorithms for auto-prioritization of vulnerabilities.
Additionally, ESOF provides services such as Asset Tiering, Business Unit Regrouping, and Cyber Score, enabling informed decision-making for senior management and board members. With a focus on continuous product development, the company has expanded its portfolio to address evolving cybersecurity challenges.
As of September 30, 2023, TAC Infosec Limited had 56 employees, including a dedicated Operational and Product Development team. Over the past five years, the company has introduced various solutions to enhance its offerings in risk-based vulnerability management, risk quantification, and compliance assessment.
Schedule/Timeline of TAC Infosec Limited IPO
| Issue Period | 27th March to 2nd April 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | April 03, 2024 |
| Initiation of Refunds | April 04, 2024 |
| Credit of Shares | April 04, 2024 |
| Date of Listing | April 05, 2024 |
| Mandate end date | April 17, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | May 03, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | July 02, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the TAC Infosec Limited IPO?
You can apply for the TAC Infosec Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the TAC Infosec Limited IPO?
You can check the allotment status for the TAC Infosec Limited IPO on the website of the Registrar and Transfer agent.