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:
- Acquisition of TAC Security Inc (Delaware, USA) and making it a wholly owned subsidiary thereon.
- Investment in Human resources and Product Development.
- General corporate purposes.
Peer Details
The following are the listed peers of TAC Infosec in India:
- Dev Information Technology Limited
- Infobeans Technologies Limited
- Sigma Solve Limited
How To Check the Allotment Status of the TAC Infosec Ltd IPO?
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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 |
|---|---|---|
| Total Revenue (in ₹ lakh) | 1,000.01 | 510.95 |
| Net Profit (in ₹ lakh) | 507.29 | 60.75 |
| ROCE | 89.82% | 33.23% |
| ROE | 98.62% | 26.37% |
Know before investing
Strengths
2As 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.
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.
Risks
2The 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.
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.
