TAC Infosec IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Table of Contents

What is the business of TAC Infosec?

TAC Infosec is engaged in the business of providing risk-based vulnerability management and assessment solutions, cybersecurity quantification and services of Penetration testing to organizations of any scale, size, and business through “SaaS model”. The company offers security software products and solutions both in India and internationally. Its end customers are Banks and financial Institutions, government regulatory bodies and departments, large-scale enterprises (including business offices) like HDFC, Bandhan Bank, BSE, National Payments Corporation of India, DSP investment Managers Private Limited, Motilal Oswal Financial Services Limited and NSDL e-Governance. Its flagship software
product is ESOF (Enterprise Security in One Framework) which was launched in 2018. ESOF is a vulnerability management platform consisting of various product portfolio namely ESOF Appsec, ESOF VMP, ESOF VACA, ESOF PCI ASV, ESOF CRQ. All the products launched under ESOF Platform have wide range of applications ranging from vulnerability management solutions for web and application-based data, compliance assessment, and cyber risk quantification.
Vulnerability Management is the continuous process of identifying, assessing, prioritizing, mitigating, and remediating the vulnerabilities across the complete Information Technology infrastructure of the organization. Cybersecurity of the organizations needs to be monitored in real-time and remediated as soon as possible to avoid attacks, this activity is often overseen by organizations through vulnerability management tools or products. While, Risk-Based Vulnerability Management (RBVM) is the process of prioritizing vulnerabilities for remediation based on the level of risk each vulnerability discovered, poses to your organization and IT Infrastructure.

Get more information about the company @ http://www.tacsecurity.com/

Who are the Promoters of TAC Infosec IPO?
The promoters of the company are Mr. Trishneet Arora and Mr. Charanjit Singh..

What are the Objects of TAC Infosec IPO?

The Offer comprises only of a Fresh Issue of Equity shares.

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:

Acquisition of TAC Security Inc (Delaware, USA) and making it a Wholly Owned Subsidiary thereon,
Investment in Human resources and Product Development, and
General Corporate Purposes.

TAC Infosec IPO To the point Guidance

TAC Infosec is engaged in the business of providing risk-based vulnerability management and assessment solutions, cybersecurity quantification and services of Penetration testing to organizations of any scale, size, and business through “SaaS model”. The company offers security software products and solutions both in India and internationally. Its end customers are Banks and financial Institutions, government regulatory bodies and departments, large-scale enterprises (including business offices) like HDFC, Bandhan Bank, BSE, National Payments Corporation of India, DSP investment Managers Private Limited, Motilal Oswal Financial Services Limited and NSDL e-Governance. Its flagship software
product is ESOF (Enterprise Security in One Framework) which was launched in 2018. 
Size:  The net size of the IPO is Rs.28.49 Cr comprising of 2688000 shares. The HNI portion is just Rs.4.27 Cr and Retail portion is Rs. 9.97 Cr. The Retail portion will get oversubscribed with only 784 applications. So, there is no worry about oversubscription.
Financial Snapshot: The company has shown sharp rise in the profits (form Rs. 61 lacs in 2020-21 to Rs. 5.07 Cr in the year 2022-23.) Such rise raises eyebrows. However its cyber security business has received strong response from the market and that may be the reason for such sharp rise. The shares are offered at reasonable valuation and there is room for listing gains. Apply.

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TAC Infosec IPO GMP Detail IPO GMP today details?

TAC Infosec IPO

TAC Infosec IPO FAQs

What is TAC Infosec IPO?
TAC Infosec is a SME IPO of 2688000 equity shares of the face value of Rs. 10 aggregating up to Rs.28.49 Crores. The issue is priced at Rs.100-106 per share. The minimum order quantity is 1200 Shares.

When will TAC Infosec IPO open?
TAC Infosec IPO opens on March 27, 2024, and closes on April 2, 2024.

What is the lot size of TAC Infosec IPO?
TAC Infosec IPO lot size is 1200 Shares, and the minimum amount required is Rs.127200.

How to apply for TAC Infosec IPO?
You can apply in TAC Infosec IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is TAC Infosec IPO allotment?
The finalization of Basis of Allotment for TAC Infosec IPO will be done on April 3, 2024, and the allotted shares will be credited to your demat account by April 4, 2024.

When is TAC Infosec IPO listing date?
TAC Infosec IPO listing date is April 05, 2024.