IPO GMP 26 March 2024
๐ **Exciting News Alert!** ๐
๐ **TAC Infosec Limited** will be opening its IPO on 27th March. The company aims to raise Rs. 29.99 crore through this IPO, with 28.3 lakh new shares priced at Rs. 10 each. Investors can place bids for the IPO until 2nd April, with the price range set at Rs. 100-106 per share.
๐ **Important Dates:**
- Anchors investors can bid on 26th March
- IPO closes on 2nd April
- Shares may be listed on NSE BSE on 5th April
๐ผ **Key Information:**
- Minimum lot size for TAC Infosec IPO is 1,200 shares
- Bellwether Capital Advisors is the Lead Manager, while Skyline Financial Services is the Registrar
- Market Maker is Spread X Securities
๐ฅ **Promoters:**
The promoters of TAC Infosec are Trishneet Arora and Charanjeet Singh, with a current 78% stake in the company. Post-IPO, their shareholding will decrease by 56.94%.
๐ **Financials:**
- Revenue for FY23 grew by 93.7% to Rs. 10.14 crore
- Net profit increased by 735.05% to Rs. 5 crore
- Revenue for April-September 2023 was Rs. 5.31 crore, with nearly Rs. 2 crore in net profit
๐ **About TAC Infosec Limited:**
Launched in 2016, TAC Infosec caters to clients in the banking, financial, government regulatory, and large enterprise sectors. Clients include HDFC, Bandhan Bank, BSE, NPCI, DSP Investment Managers Private Limited, Motilal Oswal Financial Services Limited, and NSDL e-Governance.
โน๏ธ Stay tuned for more updates on the IPO GMP for TAC Infosec Limited!
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
