IPO Details

Bidding Dates

27 Mar '24 - 02 Apr '24

Minimum Investment

₹127,200 / 1 Lots ( 1200 Shares )

Price Range

₹100 - ₹106

Maximum Investment

₹127,200 / 1 Lots ( 1200 Shares )

Retail Discount

Not Applicable

Issue Size

₹29.99 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Retail Individual Investors  |   Non-institutional Investor  |  

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Mar 27, 2024

Closing Date

Apr 2, 2024

Basis of Allotment

Apr 3, 2024

Initiation of Refunds

Apr 4, 2024

Credit of Shares to Demat

Apr 4, 2024

Listing Date

Apr 5, 2024

Cut-off time for UPI mandate confirmation

Apr 2, 2024

TAC Infosec IPO Subscription Details


Day 1Mar 27, 2024

2.64x 6.04x 16.29x 10.19x

TAC Infosec IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutional Buyers 2.64
Non-Institutional Buyers 6.04
Retail Investors 16.29
Total 10.19

About TAC Infosec Ltd

The company is engaged in the business of providing risk-based vulnerability management and assessment solutions, cybersecurity quantification and services of penetration testing to organisations of any scale, size, and business through a SaaS model. Their 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, NSDL e-Governance, etc.

Their flagship software product is ESOF (Enterprise Security in One Framework) which was launched in 2018. ESOF is a vulnerability management platform consisting of a diverse product portfolio namely ESOF Appsec, ESOF VMP, ESOF VACA, ESOF PCI ASV, ESOF CRQ. All the products launched under the ESOF Platform have a wide range of applications ranging from vulnerability management solutions for web and application-based data, compliance assessment, and cyber risk quantification.

According to NASSCOM, the Indian IT industry’s revenue touched US$ 227 billion in FY22 via a 15.5% YoY growth and was estimated to have touched US$ 245 billion in FY23. A growing IT industry represents a growing demand for TAC Infosec’s products.

TAC Infosec Ltd IPO Details

TAC Infosec Ltd IPO Dates

The dates for bidding for the TAC Infosec IPO are March 27, 2024 to April 2, 2024.

TAC Infosec Ltd IPO Price Band

TAC Infosec is a book-built IPO. The exact price is ₹100 to ₹106 per share.

TAC Infosec Ltd IPO Lot Size

The TAC Infosec Ltd IPO lot size is 1,200 shares per lot.

TAC Infosec Ltd IPO Objectives

The net proceeds from the IPO are proposed to be utilised towards the following objectives:

  1. Acquisition of TAC Security Inc (Delaware, USA) and making it a wholly owned subsidiary thereon.
  2. Investment in Human resources and Product Development.
  3. General corporate purposes.

Peer Details

The following are the listed peers of TAC Infosec in India:

  1. Dev Information Technology Limited
  2. Infobeans Technologies Limited
  3. Sigma Solve Limited

How To Check the Allotment Status of the TAC Infosec Ltd IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of TAC Infosec Ltd

Registered office: 8th Floor, Plot No. C-203, Industrial Focal Point, Phase 8B, Balongi, Rupnagar, S.A.S.Nagar, Mohali – 160055, Punjab, India

Phone: +91 9988850821

E-mail: company.secretary@tacsecurity.com

IPO Financials

Particulars Year Ending on March 31, 2023 Year Ending on March 31, 2022 Year Ending on March 31, 2021
Total Revenue (in ₹ lakh) 1,000.01 510.95 504.37
Net Profit (in ₹ lakh) 507.29 60.75 61.13
ROCE 89.82% 33.23% 47.38%
ROE 98.62% 26.37% 36.08%

Know before investing


  1. As they are engaged in the niche business of vulnerability management solutions, cybersecurity quantification and penetration testing, the company has been able to gain market share in this domain.

  2. The company offers a broad range of security software solutions under the brand names “ESOF” and “TAC”. The diverse nature of solutions helps the company take care of all its client’s cybersecurity requirements.


  1. The world of cybersecurity involves continuous technological development. The business will suffer if they fail to anticipate and develop new products and services in order to keep pace with rapid changes in technology and the industries on which they focus.

  2. Their top ten customers contributed 96.09%, 90.87%, and 77.13% of total revenue from operations for financial years ended on March 31, 2023, 2022 and 2021, respectively. This makes the company’s revenue dependent on a handful of customers.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

TAC Infosec Ltd IPO FAQs

What is TAC Infosec Ltd's IPO?

TAC Infosec IPO is a book-built IPO. The dates for the IPO are March 27, 2024, to April 2, 2024.

When will TAC Infosec Ltd's IPO be allotted?

The basis of allotment will be finalised on Wednesday, April 3, 2024. The shares will be credited to the demat accounts on Thursday, April 4, 2024.

When will TAC Infosec Ltd's IPO open for subscription?

The IPO subscription window is from March 27, 2024, to April 2, 2024.

What minimum lot size can retail investors subscribe to?

The lot size for the IPO will be 1,200 shares per lot.

When will TAC Infosec Ltd list on exchanges?

TAC Infosec Ltd will be listed on the NSE SME on Friday, April 5, 2024.

What would be the listing gains on the TAC Infosec Ltd IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The date of listing is Friday, April 5, 2024.

I have finished the application process for the TAC Infosec Ltd IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for TAC Infosec Ltd's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of TAC Infosec Ltd using one PAN?

You can submit only one application using your PAN card.