Vijay Kedia-backed TAC Infosec IPO allotment: Check status, GMP and listing date

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New Delhi: Vijay Kedia-backed TAC Infosec IPO allotment will start on Wednesday, March 3, 2024. TAC Infosec IPO subscribers can check the allotment status on the official website of IPO registrar Bigshare Services. TAC Infosec is a technology services company promoted by Charanjit Singh and Trishneet Arora. Stock market investor Vijay Kedia holds a 15 per cent stake in the firm.

How to check TAC Infosec IPO allotment status

TAC Infosec IPO allotment status can be checked by following the steps mentioned below:

Visit Skyline Financial Services IPO page
Select IPO — TAC Infosec
Enter PAN number
Click Submit
The allotment status will be displayed on page

TAC Infosec IPO details

TAC Infosec IPO with an issue size of Rs 29.99 crore comprising 28,29,600 shares with a price range of Rs 100-106 per share opened on March 27 and closed on April 2, 2024. With a minimum lot size of 1,200 shares, subscribers were required to pay Rs 19,200 for the purchase of one lot.

The IPO was subscribed 422.03X on day 3, with non-institutional investors subscribing 768.89X, retail investors subscribing 433.80X and qualified institutional buyers investing 141.29X.

TAC Infosec IPO refund for non-allotted investments will be credited on April 4. 2024. TAC Infosec’s shares will list on NSE SME index on Friday, April 5, 2024.

TAC Infosec IPO GMP

TAC Infosec GMP stood at Rs 125 per share indicating a listing price of Rs 231 per share, a 117.92 per cent gain over the upper IPO price of Rs 106 per share. Grey market premium or GMP indicates the price that investors are willing to pay to purchase a share.

All you need to know about TAC Infosec

TAC Infosec is a security services provider for banks and financial institutions such as:

HDFC Bank
Bandhan Bank
NSE
NPCI
DSP Investment Managers
Motilal Oswal Financial Services
NSDL

The company operates an enterprise security in one framework which was launched in 2018. TAC Infosec plans to utilise proceeds from the IPO to acquire TAC Security, invest in HR and for general corporate purposes.

TAC Infosec reported revenues worth Rs 5.02 crore for the 6 months ended September 2023. The company reported a net profit of Rs 1.94 crore during the same period.

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