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TAC Infosec Limited (“TAC Security” or “The Company”), a global leader in risk and vulnerability management, has completed its Anchor book subscription, raising Rs. 8.55 crore from the sale of 8.06 lakh equity shares at Rs. 106/- each.
Marquee 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 subscribed to the anchor book.
| Name of Anchor Investors | No. of Equity Shares allocated (at Rs. 106/- each) | No. of Equity Shares allocated as a % of Anchor Investor portion |
| NAV Capital VCC – NAV Capital Emerging Star Fund | 2,37,600 | 29.46 |
| Astorne Capital VCC | 1,89,600 | 23.51 |
| Beacon Stone Capital VCC – Beacon Stone I | 1,89,600 | 23.51 |
| Zinnia Global Fund PCC – Cell Dewcap Fund | 94,800 | 11.76 |
| LC Radiance Fund VCC | 94,800 | 11.76 |
| Total | 8,06,400 | 100.00 |
While NAV Capital VCC – NAV Capital Emerging Star Fund contributed to 29.46% of the total anchor book subscription, Astorne Capital VCC and Beacon Stone Capital VCC – Beacon Stone I subscribed 23.51% each and Zinnia Global Fund PCC – Cell Dewcap Fund and LC Radiance Fund VCC subscribed 11.76% each of the anchor book.
TAC Security’s IPO begins today, March 27, and will conclude on Tuesday, April 02, 2024. The company is looking to raise approximately Rs. 29.9 crore from the offering. It proposes to use the net proceeds from the IPO to invest in human resources and product development to support organic growth in India and investment in TAC Security INC. (Delaware, USA) to hire skilled personnel for organic growth outside India. The remaining capital will be used for general corporate purposes.
The price band of the issue is Rs. 100-106/- per equity share with a face value of Rs. 10/- apiece. The company’s IPO comprises a fresh issue of 28.29 lakh Equity Shares with a face value of Rs. 10/- through the book-building route. Beeline Capital Advisors Private Limited is the sole Book Running Lead Manager and SpreadX Securities Private Limited is the market maker to the issue.
The company has allotted 1.41 lakh equity shares for Market Maker, 4.03 lakh equity shares allocated for NIIs, 13.44 lakh equity shares for QIBs (including Anchor Reservation), and the Retail (RII) portion accounts for 9.4 lakh equity shares. The lot size is 1,200 shares.
The company, backed by stock market maven Vijay Kedia, offers risk-based vulnerability management and assessment solutions, cybersecurity quantification, and Penetration testing to organizations of any scale, size, and business through the “SaaS model”.