About TAC Infosec IPO

TAC Infosec IPO, a book built issue worth Rs 29.99 crores, comprises entirely of a fresh issue of 28.3 lakh shares. TAC Infosec IPO subscription commenced on March 27, 2024, and closes today, April 2, 2024. IPO Allotment is anticipated to be finalized on Wednesday, April 3, 2024. TAC Infosec IPO is slated to list on NSE SME with a tentative listing date set for Friday, April 5, 2024.

TAC Infosec IPO’s price band for is fixed at ₹100 to ₹106 per share. The minimum lot size for an application is 1200 Shares. Retail investors are required to invest a minimum amount of ₹127,200. For HNIs, the minimum lot size investment is 2 lots (2,400 shares), amounting to ₹254,400.

TAC Infosec IPO’s book running lead manager is beeline Capital Advisors Pvt Ltd, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for TAC Infosec IPO is Spread X Securities.

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TAC Infosec IPO Subscription Status

TAC Infosec IPO subscribed 421.89 times. The public issue subscribed 433.54 times in the retail category, 141.29 times in QIB, and 768.83 times in the NII category by April 2, 2024 5:21:53 PM.

1. The TAC Infosec IPO saw unprecedented demand from investors, with a subscription level of 421.89 times. Retail investors displayed exceptional enthusiasm, subscribing a staggering 433.54 times, indicating strong retail participation and confidence in the company's prospects.
2. Non-Institutional Buyers (NII) exhibited remarkable interest, oversubscribing by an astonishing 768.83 times, reflecting high demand from high-net-worth individuals and institutional investors. This robust subscription underscores the attractiveness of the IPO in the eyes of sophisticated investors.
3. Qualified Institutions also showed substantial interest, with a subscription level of 141.29 times, highlighting institutional confidence in the company's business model and growth potential.

Overall, the overwhelming response to the TAC Infosec IPO underscores investor confidence in the company's prospects and reflects positively on the market sentiment towards the cybersecurity sector.

TAC Infosec IPO Allocation Quota for Various Categories

Data Source: NSE

How Subscription Built up for TAC Infosec IPO?

The Key Takeaways are:

Day 1: The subscription for TAC Infosec's IPO surged steadily over the first three days, with increasing interest from both institutional and retail investors.

Day 2:  Strong demand was observed across all investor categories, particularly from non-institutional investors and retail participants, indicating positive market sentiment.

Day 3: The subscription levels on Day 3 reached unprecedented highs, signaling overwhelming investor confidence and setting the stage for a successful IPO debut.