About the Company:
TAC Infosec Ltd is engaged in the business of providing risk-based vulnerability management and assessment solutions, cybersecurity quantification and services of Penetration testing to organizations of any scale, size, and business through “SaaS model”.
Company offers security software products and solutions both in India and internationally.
Company provides highly tailored solutions that cater to the specific needs and challenges of a niche market segment demonstrates a deep understanding of clients’ requirements.
Company’s end customers are Banks and financial Institutions, government regulatory bodies and departments, large-scale enterprises (including business offices) like HDFC, Bandhan Bank, BSE, National Payments Corporation of India, DSP investment Managers Private Limited, Motilal Oswal Financial Services Limited and NSDL e-Governance.
Company’s flagship software product is ESOF (Enterprise Security in One Framework) which was launched in 2018.
As of September 30, 2023, company had 56 employees, including 33 employees who comprise our Operational and Product Development team.
Promoter Background:
Mr. Trishneet Arora founded TAC Infosec Ltd in the year 2016 with a vision to create a company that could address the growing cybersecurity needs of businesses and governments.
Mr. Trishneet Arora is accredited with many recognitions and awards including Top 50 Most Influential Young Indians in 2017, Entrepreneur of the Year in the year 2020, Leaders of Tomorrow in the year 2018 and 2022.
Products Developed by the Company:
Company’s Revenue from Domestic and Exports: (in Lakhs)
Operational Key Performance Indicators for the Company:
Some of the Projects Completed by the Company:
DSP Mutual Funds
Project Overview: Conducted an in-depth vulnerability assessment and management project to secure DSP Mutual Funds’ IT infrastructure, identifying and mitigating security vulnerabilities to protect financial data integrity.
Bandhan Bank.
Project Overview: Implemented a comprehensive vulnerability assessment program for Bandhan Bank, focusing on securing banking systems and networks through penetration testing and security assessments.
National Payments Corporation of India (NPCI)
Project Overview: Provided NPCI with vulnerability assessment and management services aimed at securing its digital payment systems, crucial for maintaining the integrity of India’s financial ecosystem.
Management Team:
- Mr. Trishneet Arora (Designation: Chairman, Executive Director and CEO)
- Mr. Charanjit Singh (Designation: Whole-Time Director)
Famous Investor has Invested in the Company:
Objectives of the Issue:
Fresh Issue: (Rs.29.99 cr)
- Acquisition of TAC Security Inc (Delaware, USA) and making it Wholly Owned Subsidiary thereon.
- Investment in Human resources and Product Development.
- General Corporate Purposes
To facilitate the existing global customers and to streamline the onboarding process for new customers outside India, Company’s Promoters and Executive Directors had identified and acquired Tac Security Inc (Delaware, USA) to increase company’s global reach.
Tac Security Inc (Delaware, USA) is a corporation incorporated in FY 2021-22 in the State of Delaware, United States of America.
Positives for the Company:
Company Plans to pursue International Growth Opportunities.
- Company is an established company with a proven track record of providing efficient services in India as well as Outside India.
- Company believes that there exist substantial opportunities to grow the business internationally and have, in the past, explored and continue to explore opportunities on our own, or through tie-ups, acquisitions, strategic alliances, partnerships or joint ventures in various countries and regions.
- Company plans to continue to market our products and solutions to users located outside India by investing in brand building and advertising and marketing activities in those geographies.
Financials of the Company:
| (in Crores) | FY 21 | FY 22 | FY 23 | Upto 30th Sept 23 |
|---|---|---|---|---|
| Revenue | 5.16 | 5.23 | 10.14 | 5.31 |
| Net Profit | 0.61 | 0.60 | 5.07 | 1.94 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 27th March 2024 |
| Issue Closes on | 2nd April 2024 |
| Issue Price | Rs.100-106 |
| Face Value | Rs.10 |
| Minimum Lot | 1200 Shares |
| Minimum Investment | Rs.1,27,200 |
| Issue Constitutes | 27 % |
| Issue Size | Rs.29.99 cr |
| Market Cap | Rs.111.08 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 28,29,600 (Rs.29.99 cr) |
| Equity Shares Prior to the Issue | 76,50,000 |
| Equity Shares after the Issue | 1,04,79,600 |
Also Read : List of Upcoming IPO’s in India.
Also Read: List of Upcoming SME IPO’s in India.
Important Dates:
| Finalization of Basis of Allotment | on or Before 3rd April 2024 |
| Initiation of Refunds | on or Before 4th April 2024 |
| Credit of Equity Shares: | on or Before 4th April 2024 |
| Listing Date: | on or Before 5th April 2024 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 6.63 | 15.98 | 66.05% | 10.04 |
| Should You Subscribe or Not ? |
|---|
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Investors should eagerly subscribe to TAC Security IPO as the company operates within a specialized niche of cybersecurity, catering to top-notch financial institutions, government regulatory bodies, departments, and large-scale enterprises. TAC Security’s focused clientele underscores its credibility and potential for sustained growth in the cybersecurity sector. With an impressive track record of serving esteemed clients and delivering top-tier security solutions, TAC Security is poised for remarkable success. Subscribers to the IPO can anticipate a substantial return on investment, given the company’s strategic positioning and robust business model. The anticipation of a bumper IPO listing further adds to the appeal for investors seeking lucrative opportunities in the dynamic cybersecurity market. Don’t miss out on the chance to be part of TAC Security’s journey towards continued excellence and profitability in safeguarding digital assets and infrastructure. |
| Company Contact Info: |
|---|
| TAC Infosec Limited 8th Floor, Plot No. C-203, Industrial Focal Point, Phase 8B, Balongi, Rupnagar, S.A.S.Nagar, Mohali – 160055, Punjab, India. Telephone No.: +91 9988850821 E-Mail: company.secretary@tacsecurity.com Web site: www.tacsecurity.com |
| Registrar to the Issue: |
|---|
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED Address: D-153A, 1st Floor, Okhla Industrial Area Phase-I, New Delhi – 110020, India. Tel. Number: 011-40450193-197 Email Id: Ipo@skylinerta.com Website: www.skylinerta.com |
| Lead Manager to the Issue: |
|---|
| BEELINE CAPITAL ADVISORS PRIVATE LIMITED Address: B 1311-1314, Thirteenth Floor, Shilp Corporate Park, Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054, Gujarat, India. Telephone Number: 079 4918 5784 Email Id: mb@beelinemb.com Website: www.beelinemb.com |
