TAC Infosec IPO: Check Subscription Status, GMP Today.
Unlisted shares of TAC Infosec Ltd are buying and selling Rs 110 greater within the gray market, anticipating a 103.77 per cent itemizing acquire from the general public situation
TAC Infosec IPO: The preliminary public providing of TAC Infosec Ltd, which was opened for public subscription on March 27, has acquired a whopping response from traders. Till 11:03 am on the third day of bidding on Monday, the Rs 29.99-crore SME IPO acquired 43.55 occasions subscription, garnering bids for 8,19,51,600 shares towards 18,81,600 shares on supply.
The class for non-institutional traders acquired subscribed 32.05 occasions whereas the portion for Retail Individual Investors (RIIs) attracted 71.85 occasions subscriptions. The quota for Qualified Institutional Buyers (QIBs) acquired subscribed 2.67 occasions.
TAC Infosec IPO GMP Today
According to market observers, unlisted shares of TAC Infosec Ltd are buying and selling Rs 110 greater within the gray market as in contrast with its situation worth. The Rs 110 gray market premium or GMP means the gray market is anticipating a 103.77 per cent itemizing acquire from the general public situation. The GMP is predicated on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the problem worth.
TAC Infosec IPO Details
The TAC Infosec IPO is completely a contemporary situation of 28.3 lakh shares. The IPO, which can stay opened for subscription between March 27 and April 2, is more likely to be finalised on April 3, 2024.
TAC Infosec IPO might be listed on the NSE SME with a tentative itemizing date mounted as Friday, April 5, 2024.
The worth band of the TAC Infosec IPO was mounted at Rs 100 to Rs 106 per share. The minimal lot dimension for an utility is 1,200 shares. The minimal quantity of funding required by retail traders is Rs 1,27,200. The minimal lot dimension funding for HNI is 2 tons (2,400 shares) amounting to Rs 2,54,400.
Beeline Capital Advisors Pvt Ltd is the e-book-working lead supervisor of the TAC Infosec IPO, whereas Skyline Financial Services Private Ltd is the registrar for the problem. The market maker for TAC Infosec IPO is Spread X Securities.
TAC Infosec Limited, which was arrange in 2016, provides threat-primarily based options for vulnerability administration and evaluation, cyber safety quantification and penetration testing in a SaaS mannequin.
The firm’s purchasers embrace banks and monetary establishments, authorities regulators and departments, massive enterprises (together with company workplaces) similar to HDFC, Bandhan Bank, BSE, National Payments Corporation of India, DSP Investment Managers Private Limited, Motilal Oswal Financial Services Limited and NSDL e-Governance.
Its income jumped 93.7 per cent and revenue after tax (PAT) surged 735.05 per cent within the monetary 12 months 2022-23.
