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Invest Wisely with TAC Infosec Limited IPO (TAC Infosec IPO) - A Comprehensive Overview

Are you ready to embark on an exciting investment journey? Look no further than the TAC Infosec Limited IPO! Scheduled from March 27, 2024, to April 2, 2024, this IPO offers a prime opportunity to secure your stake in a promising venture. Let's delve deeper into the details:
IPO Details and Essentials:
- Issue Size: TAC Infosec IPO boasts a book built issue of Rs 29.99 crores, comprising entirely of fresh shares totaling 28.3 lakh.
- Subscription Period: Mark your calendars for March 27, 2024, to April 2, 2024, to subscribe to this lucrative offering.
- Allotment Date: The eagerly awaited allotment results are expected to be finalized on Wednesday, April 3, 2024.
- Listing Date: Anticipate the grand listing on NSE SME, tentatively scheduled for Friday, April 5, 2024.

Price Band and Lot Size:
- With a price band set at ₹100 to ₹106 per share, investors have the flexibility to align their investment strategy accordingly.
- The minimum lot size stands at 1200 shares, requiring a minimum investment of ₹127,200 for retail investors. HNIs can opt for 2 lots (2,400 shares) with an investment amounting to ₹254,400.

Key Players and Authorities:
- Beeline Capital Advisors Pvt Ltd spearheads the IPO as the book running lead manager, ensuring a seamless process for investors.
- Skyline Financial Services Private Ltd takes charge as the registrar, facilitating smooth communication and documentation.
- Spread X Securities assumes the role of the market maker, contributing to market liquidity and stability.

Reservation and Investor Categories:
- QIBs are offered up to 50.00% of the net offer, while retail investors are guaranteed a minimum of 35.00%.
- NII (HNI) shares are reserved for a minimum of 15.00% of the offer, ensuring a fair distribution across investor categories.

Anchor Investors and Lock-in Period:
- Anchor investors have already displayed their confidence in TAC Infosec IPO, contributing Rs 8.55 crore during the bidding on March 26, 2024.
- The lock-in period for 50% of the anchor shares extends until May 3, 2024, with the remaining shares subject to a lock-in until July 2, 2024.

Timeline and Lot Size Calculation:
- Stay informed with the tentative schedule, from the opening on March 27, 2024, to the listing on April 5, 2024.
- Investors can bid for a minimum of 1200 shares, with the option to increase their stake in multiples thereof.
Promoter Holding and Future Prospects:
- TAC Infosec IPO is backed by esteemed promoters, Mr. Trishneet Arora and Mr. Charanjit Singh, who collectively hold a significant pre-issue stake of 78.00%.
- Post-issue, the promoter holding stands at 56.94%, reflecting their enduring commitment and confidence in the company's growth trajectory.

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