How To Check TAC Infosec IPO Allotment Status

The TAC Infosec IPO, backed by Vijay Kedia, concluded on April 2, after opening for subscription on March 27. The TAC Infosec IPO allotment status is set to be finalised today, March 3.

If you applied for the IPO, here is how you can check the TAC Infosec IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the TAC Infosec IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Company Selection" and choose "TAC Infosec" from the dropdown menu.
  3. On the next page, you can enter your PAN, application number, or Demat.
  4. Click ‘Search’ to retrieve your TAC Infosec IPO allotment status.

The TAC Infosec IPO allotment status will be visible if all the details are entered correctly and the allotment has been finalised.

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TAC Infosec Subscription Status

The subscription status of the TAC Infosec IPO stood at an impressive 422.03 times on the final day of bidding, with strong responses from retail investors (433.80 times subscription) and non-institutional buyers (768.89 times subscription). Qualified institutional buyers (QIBs) subscribed 141.29 times. Bids were received for 79,40,88,000 shares against 18,81,600 shares on offer.

TAC Infosec IPO GMP

The TAC Infosec IPO GMP stands at +125, indicating that shares were trading at a premium of ₹125 in the grey market. The GMP, combined with the upper price band of ₹106 indicates a listing price of ₹231, around 118% premium. However, it's crucial to remember that while IPO GMPs can offer some insight into market sentiment towards an IPO, they should not be considered as the sole predictor of a stock's performance upon listing.

TAC Infosec IPO Details

The IPO, valued at approximately ₹29.99 crore, comprises a new issuance of 2,829,600 equity shares with no offer-for-sale component. The TAC Infosec IPO price band was set at ₹100 to ₹106 per share, with a face value of ₹10, investors can bid for a minimum of 1,200 equity shares, constituting the lot size for the IPO.

During its anchor book subscription on March 26, TAC Infosec raised ₹8.55 crore by selling 8.06 lakh equity shares to prominent investors such as Astorne Capital VCC, Zinnia Global Fund PCC – Cell Dewcap Fund, LC Radiance Fund VCC, Beacon Stone Capital VCC – Beacon Stone I, and NAV Capital VCC – NAV Capital Emerging Star Fund at ₹106 per share.

The objectives of the IPO include investing in product development and human resources, acquiring TAC Security Inc. (Delaware, USA) to establish it as a fully owned subsidiary, and pursuing general commercial objectives. Charanjit Singh and Trishneet Arora are the promoters, with Trishneet Arora, the CEO and founder, owning 74% of TAC Security. Renowned investor Vijay Kishanlal Kedia holds a 15% stake in the company.

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Posted In: NewsIPOsTAC InfosecVijay Kedia