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TAC Infosec IPO
Price Band
₹100.0–106.0
Issue Size
₹29.99 Cr
Lot Size
1,200 shares
Min Investment
₹127,200
GMP
+₹113.0 (106.6%)
Issue Price
₹106.0
Subject to Sauda
₹103100
Paid only if allotted
TAC Infosec IPO AI Summary
- TAC Infosec IPO is listed on NSE SME in the Computers - Software & Consulting sector.
- Price band: ₹100.0–₹106.0 per share, lot size 1,200 shares (min. investment ₹127,200).
- Subscription window: 27 Mar–02 Apr 2024, listing on 05 Apr 2024.
- Current GMP is +₹113.0 (106.6%), an estimated listing price of ₹219 — unofficial and can change daily.
TAC Infosec Limited is an SME IPO in the Computers - Software & Consulting sector, focusing on cybersecurity solutions. With a planned issue size of ₹29.99 Cr and an issue price of ₹106.0, the company aims to invest in human resources and product development, among other objectives. Investors should consider the company's financial performance and market conditions when evaluating this investment opportunity.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
TAC Infosec IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 02 Apr 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
TAC Infosec IPO Grey Market Premium (GMP) Today
GMP
+₹113.0
GMP %
+106.6%
Est. Listing
₹219.0
Updated: 25 Jul 2026 14:06
About the Company
TAC Infosec Limited was founded in 2016 and offers risk-based solutions for vulnerability management and assessment, cyber security quantification and penetration testing in a SaaS model. The company's clients include banks and financial institutions, government regulators and departments, large enterprises (including corporate offices) such as HDFC, Bandhan Bank, BSE, National Payments Corporation of India, DSP Investment Managers Private Limited, Motilal Oswal Financial Services Limited and NSDL e-Governance. As of September 30, 2023, the company had 56 employees, 33 of whom worked in operations and product development
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 12.13 | 9.78 | 4.96 | 4.04 |
| Total Income | 5.31 | 10.14 | 5.24 | 5.16 |
| Profit After Tax | 1.95 | 5.07 | 0.61 | 0.61 |
| NET Worth | 9.63 | 7.68 | 2.61 | 2.00 |
| Reserves and Surplus | 9.18 | 7.23 | 2.16 | 1.55 |
| Total Borrowing | 0.28 | 0.36 | 0.89 | 0.22 |
Key Ratios
EPS
₹6.63
NAV
₹12.59
ROE
22.51%
ROCE
22.75%
RoNW
20.24%
P/B Value
8.42
P/E Ratio
15.98
Market Cap
₹111.08 Cr
PAT Margin
38.81%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Sigma Solve Limited | 12.38 | 15.15% | 100.89 | 1.88 |
| Infobeans Technologies Limited | 98.74 | 15.38% | 29.63 | 15.19 |
| Dev Information Technology Limited | 19.2 | 20.57% | 23.73 | 3.95 |
| TAC Infosec Limited This IPO | 10.04 | 66.05% | — | 6.63 |
Promoters
Trishneet Arora and Charanjit Singh
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Investment in Human resources and Product Development 18.65 2 General Corporate Purposes 7.44 3 Public Issue Expenses 3.90
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹5.31 Cr for the period ending 30 Sep 2023, down from ₹10.14 Cr for the year ending 31 Mar 2023. This indicates a decrease in revenue, though the most recent figure is from a 9-month period, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹1.95 Cr for the period ending 30 Sep 2023, down from ₹5.07 Cr for the year ending 31 Mar 2023. Similar to revenue, this decline is noted, but the recent figure is a 9-month result, not a full year, so it isn't directly comparable.
Valuation
At the issue price of ₹106.0, TAC Infosec's implied P/E ratio is approximately 15.98, compared to peers trading at P/E ratios ranging from 23.73 to 100.89.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of securities before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on demand in the grey market. A high GMP often suggests strong investor interest, while a low GMP may indicate weaker demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, considering factors such as market conditions and company fundamentals.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs, as they can be subject to high volatility and uncertainty in the initial trading period.
Listing Gains — The Risk
Listing gains refer to the potential profit made when an IPO's shares are sold on the first day of trading. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the shares. Investors should be aware of the risks involved in relying on listing gains as part of their investment strategy.
This evaluation is generated from TAC Infosec's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is TAC Infosec IPO GMP today?
TAC Infosec IPO GMP today is +₹113.0 (106.6%), indicating an estimated listing price of ₹219. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of TAC Infosec IPO?
The price band of TAC Infosec IPO is ₹100.0–₹106.0 per share.
When does TAC Infosec IPO open and close?
TAC Infosec IPO opens on 27 March 2024 and closes on 02 April 2024.
When does TAC Infosec IPO list on the stock exchange?
TAC Infosec IPO listed on 05 April 2024 at ₹219.0.
What is the lot size for TAC Infosec IPO?
The lot size for TAC Infosec IPO is 1200 shares, requiring a minimum investment of ₹127,200.
What is the lot size for TAC Infosec's IPO?
The lot size for TAC Infosec's IPO is 1200 shares.
What is the minimum investment required?
The minimum investment required is ₹127,200.
What is the price band for the IPO?
The price band for the IPO is between ₹100.0 and ₹106.0.
When does the IPO open and close?
The IPO opens on March 27, 2024, and closes on April 2, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on demand in the unofficial market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
27 Mar 2024
Close
02 Apr 2024
Allotment
03 Apr 2024
Listing
05 Apr 2024
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