TAC Infosec Limited (TAC Security), a leading provider of risk and vulnerability management solutions, announced its initial public offering (IPO) to raise INR 29.9 Crore. The IPO opens on Wednesday, March 27, 2024 and closes on Tuesday, April 2, 2024.
TAC Security is set to become India’s First Listed pure play Cyber Security Company
IPO Details:
- Issue Size: Fresh Issue of 28,29,600 Equity Shares of Face Value ₹10/-
- Price Band: ₹100 – ₹106 per Share
- Lot Size: 1,200 Equity Shares
- Listing: NSE Emerge
- Book Running Lead Manager: Beeline Capital Advisors Private Limited
- Registrar: Skyline Financial Services Private Limited
Investment Highlights:
- The company is backed by veteran investor Vijay Kedia.
- TAC Security offers a SaaS-based solution for risk-based vulnerability management, assessment, and penetration testing.
- The IPO proceeds will be used for:
- Investment in Human Resources and Product Development (Organic Growth – India)
- Investment in TAC Security INC. (US Expansion)
- General Corporate Purposes
Leadership and Recognition:
- Founded by millennial entrepreneur Trishneet Arora, a cybersecurity and vulnerability management expert.
- Arora holds numerous recognitions, including:
- GQ’s Top 50 Most Influential Young Indians (2017)
- Entrepreneur of the Year (2020)
- Leaders of Tomorrow (St. Gallen Symposium, Switzerland – 2018 & 2022)
- Forbes “30 Under 30” Asia (2018)
- Fortune India’s “40 Under 40” (2018 & 2021)
Looking Ahead:
TAC Security’s IPO marks a significant step towards their growth strategy. The company aims to leverage the capital raised to bolster its workforce, enhance product development, and expand its reach in India and the US market.
Learn More:
Visit the TAC Security website for more information: https://tacsecurity.com/
