Vijay Kedia-Backed TAC Infosec IPO Fully Subscribed On Day 1; Check Latest Details

The TAC Infosec IPO, launched on Wednesday, March 27th, will conclude its subscription period on Tuesday, April 2nd. With a price band of Rs 100 to Rs 106 per share and a face value of Rs 10 each, the IPO's lot size consists of 1,200 equity shares. Investors have the opportunity to bid for a minimum of 1,200 equity shares and can increase their bids in multiples of 1,200 shares thereafter.

Anchor Book Success:

The company's Anchor Book subscription witnessed an overwhelming response from esteemed investors, including NAV Capital VCC (NAV Capital Emerging Star Fund), Astorne Capital VCC, Beacon Stone Capital VCC (Beacon Stone I), Zinnia Global Fund PCC (Cell Dewcap Fund), and LC Radiance Fund VCC. This resounding success underscores investor confidence in TAC Security's vision and growth potential.

Strategic Allocation of Proceeds

With the IPO slated to conclude on April 2, 2024, TAC Security aims to raise approximately Rs. 29.9 crore through the issuance of fresh equity shares. The net proceeds will be channelled into strategic initiatives, including investments in human resources and product development, to fuel organic growth in India. Futhermore, funds will be allocated to TAC Security Inc. . (Delaware, USA), supporting global expansion efforts.

Leadership at the Helm

Under the leadership of Trishneet Arora, TAC Security has emerged as a powerhouse in cybersecurity. Arora's accolades, including recognition in GQ's Top 50 Most Influential Young Indians and Forbes "30 Under 30" Asia list, attest to his visionary leadership and unwavering commitment to excellence.

Investment Opportunity

Managed by Beeline Capital Advisors Private Limited and SpreadX Securities Private Limited, the IPO offers investors an opportunity to be part of TAC Security's growth trajectory. With a price band of Rs. 100-106 per equity share and a face value of Rs. 10 each, the IPO presents an attractive investment proposition in the burgeoning cybersecurity sector.

Cutting-edge Solutions for Evolving Threats

TAC Security's offerings, including risk-based vulnerability management solutions and cybersecurity quantification services, cater to organisations of all sizes and industries. Leveraging a Software as a Service (SaaS) model, the company delivers innovative solutions to address evolving cyber threats and safeguard digital assets.

Backed by Seasoned Investor

With backing from veteran investor Vijay Kedia, TAC Security is well-positioned to capitalise on the growing demand for robust cybersecurity solutions in an increasingly digitised world. The company's commitment to innovation and customer-centricity sets it apart as a leader in the cybersecurity landscape.

A Vision for the Future

As the IPO journey unfolds, TAC Security remains steadfast in its mission to empower organisations with comprehensive cybersecurity solutions. With a focus on excellence, innovation, and strategic growth initiatives, the company is poised to redefine the cybersecurity paradigm and create long-term value for stakeholders.

For more information on TAC Security and its IPO, visit [tacsecurity.com](https://tacsecurity.com/).