TAC Infosec Limited(NSE SME)
Mar 27, 2024 - Apr 2, 2024
| Price | ₹100 - ₹106 |
| Premium | ₹113 |
|---|---|
| Lot size | 1200 |
| Allotment | Apr 3, 2024 |
| Listing | Apr 5, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 127200 | 784 |
| HNI | 2 | 2400 | 254400 | 336 |
Last updated on 02-Apr-2024 17:00:09
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 537600 | 75956400 | 141.29 |
| NIB | 403200 | 310134000 | 769.18 |
| RETAIL | 940800 | 407877600 | 433.54 |
| Total | 1881600 | 793968000 | 421.96 |
| Retail Apps | 339898 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹109.46 | @8% ₹125.09 | @9% ₹140.73 | @10% ₹156.36 | @11% ₹172 | @12% ₹187.64 |
Anchor Details
| Name of Anchor | No. of Shares | % Portion | Amount (cr) |
|---|---|---|---|
| NAV CAPITAL VCC - NAV CAPITAL EMERGING STAR FUND | 237600 | 29.46% | 2.52 |
| ASTORNE CAPITAL VCC | 189600 | 23.51% | 2.01 |
| BEACON STONE CAPITAL VCC - BEACON STONE I | 189600 | 23.51% | 2.01 |
| ZINNIA GLOBAL FUND PCC - CELL DEWCAP FUND | 94800 | 11.76% | 1.00 |
| LC RADIANCE FUND VCC | 94800 | 11.76% | 1.00 |
| Total | 806400 | 100.00% | 8.55 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.25% | 940800 |
| NII (HNI) | 14.25% | 403200 |
| QIB | 19.00% | 537600 |
| Anchor | 28.50% | 806400 |
| Market Maker | 5.00% | 141600 |
| Total | 100% | 2829600 |
Founded in 2016, TAC Infosec Limited has swiftly emerged as a leading provider of risk-based cybersecurity solutions, specializing in vulnerability management, assessment, cyber security quantification, and penetration testing, all delivered through a Software as a Service (SaaS) model. The company's impressive clientele encompasses esteemed entities 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, reflecting its trusted reputation across various sectors including banking, finance, and government. As of September 30, 2023, TAC Infosec Limited boasted a workforce of 56 dedicated professionals, with 33 of them strategically allocated to operations and product development. This team remains instrumental in driving innovation, ensuring the continuous enhancement of services, and maintaining the company's position as a reliable partner in the fight against cyber threats for its esteemed clientele.
TAC Infosec IPO Details
| Issue Size | 2,829,600 shares (aggregating up to ₹29.99 Cr) |
| Fresh Issue | 2,829,600 shares (aggregating up to ₹29.99 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,650,000 |
| Share holding post issue | 10,479,600 |
| Market Maker portion | 141,600 shares Spread X Securities |
Key Performance Indicator
| KPI | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 22.51% | 98.62% | 26.37% |
| ROCE | 22.75% | 89.82% | 33.23% |
| RONW | 20.24% | 66.05% | 23.30% |
| EPS (basic & diluted) | 2.55 | 6.63 | 0.79 |
| P/BV | 8.42 | ||
| P/E (Pre IPO) | 15.98 |
Company Financials
TAC Infosec Limited Financial Information (Restated)
TAC Infosec Limited's revenue increased by 93.7% and profit after tax (PAT) rose by 735.05% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | 30 Sep 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 1,213.02 | 977.65 | 496.45 | 404.00 |
| Revenue | 531.10 | 1,014.28 | 523.63 | 516.49 |
| Profit | 194.85 | 507.29 | 60.75 | 61.13 |
| Net Worth | 962.90 | 768.05 | 260.75 | 200.00 |
| Reserves | 917.90 | 723.05 | 215.75 | 155.00 |
| Borrowing | 27.68 | 35.93 | 89.06 | 22.29 |
| Amount in ₹ Lakhs | ||||
Strength Factors
Niche Brand Building: TAC Infosec has established itself as a niche brand in the cybersecurity industry, focusing on delivering specialized risk-based solutions. This targeted branding strategy allows the company to carve out a distinct identity and position itself as a go-to provider for clients seeking advanced cybersecurity services.
Easy to Use and High-Quality Solutions: The company prides itself on offering user-friendly and top-quality solutions. By prioritizing ease of use and maintaining high standards of quality, TAC Infosec ensures client satisfaction and loyalty. This commitment to excellence enhances its reputation and sets it apart from competitors in the market.
Consistent Growth, Profitability, and Cash Flow Generation: TAC Infosec has demonstrated a track record of consistent growth, profitability, and cash flow generation. This financial stability not only indicates the company's sound business model but also instills confidence in investors, clients, and stakeholders. It provides a strong foundation for continued innovation and expansion in the dynamic cybersecurity landscape.
Risk Factors
Failure to Anticipate and Develop New Products and Services: Inability to forecast and innovate new products and services to meet evolving technological advancements and industry demands may lead to a loss of competitive edge, decreased market share, and revenue decline.
Inadequate Enhancement of Existing Product Portfolio: Neglecting to enhance and update existing products and services may result in outdated offerings, reduced customer satisfaction, and loss of market relevance, thereby impacting revenue and profitability.
Inaccurate Pricing Structures: Failure to accurately estimate the cost and complexity of projects could lead to underpricing, eroding profit margins, and potentially rendering contracts unprofitable, putting financial stability at risk.
Ineffective Cost Management: Inability to manage costs effectively may lead to cost overruns, reducing profitability and impacting the financial health of the company.
TAC Infosec IPO Lead Manager(s)
- Beeline Capital Advisors Pvt Ltd
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php