TAC Infosec Limited IPO

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The Company was Incorporation in year 2016 and founders are Mr. Trishneet Arora and Mr. Charanjit Singh. Experience of over a decade of combined expertise in cybersecurity and vulnerability management, further bolstered by a knowledgeable Board of Directors and Key Managerial Personnel (KMP).

Core Business in sector Cybersecurity and vulnerability management and business model is Software as a Service (SaaS) and primary offerings is risk-based vulnerability management, cybersecurity quantification, penetration testing, and a suite of security software products and solutions.

Target Market

Clientele: Banks, financial institutions, government bodies, large enterprises, with notable clients including HDFC, Bandhan Bank, BSE, National Payments Corporation of India, DSP Investment Managers Private Limited, Motilal Oswal Financial Services Limited, and NSDL e-Governance.

Flagship Product: ESOF (Enterprise Security in One Framework)
Launch Year: 2018
Applications: Comprehensive vulnerability management for web and application-based data, compliance assessment, cyber risk quantification.


Vulnerability Management: Continuous process of identification, assessment, prioritization, mitigation, and remediation of vulnerabilities across an organization’s IT infrastructure.
Risk-Based Vulnerability Management (RBVM): Prioritization of vulnerabilities for remediation based on the level of risk, enhancing efficiency and effectiveness in cybersecurity processes.

Unique Features of ESOF

Vulnerability Assessment Mechanism: Advanced scanning and identification of potential security loopholes, coupled with optimal configuration assessment.
Auto-Prioritization: Utilization of advanced algorithms to rank vulnerabilities based on severity, potential impact, and exploitability.
Additional Services: Asset Tiering, Business Unit Regrouping, and Cyber score services, providing a strategic approach for senior management and board members.

Strategic Position
Their company is positioned as a leader in providing advanced cybersecurity solutions. The comprehensive ESOF platform not only addresses the technical aspects of cybersecurity but also aligns with strategic management objectives. By prioritizing risk and implementing a robust vulnerability management framework, their organization is enabling clients to navigate the complexities of cybersecurity, ensuring their IT infrastructures are resilient against threats.

This overview highlights your firm’s commitment to innovation, strategic growth, and leadership in cybersecurity, making it a valuable partner for organizations looking to secure their digital assets and operations.

Objects of the TAC Infosec Limited IPO:

The Object of the Issue will be utilized towards the following objects: i. Acquisition of TAC Security Inc (Delaware, USA) and making it a Wholly Owned Subsidiary thereon, ii. Investment in Human resources and Product Development, and iii. General Corporate Purposes.

TAC Infosec Limited IPO Details:

Open Date: Mar 27 2024
Close Date: Apr 02 2024
Total Shares: 2,829,600
Face Value: ₹ 10 Per Equity Share
Issue Size: 29.99 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 100 - 106 Per Equity Share
Listing At: NSE Emerge
Listing Date: Apr 05 2024

Promoters And Management:

Mr. Trishneet Arora aged 30 years is Promoter and Director of the Company. Originally, he was appointed as a NonExecutive Director since the incorporation of the company, i.e., since August 01, 2016. Thereafter pursuant to approval of members in Extra-Ordinary General Meeting of the Company held on January 08, 2024 his designation was change to Chairman, Executive Director and Chief Executive Officer w.e.f January 08, 2024, for a period of 5 (five) years. Their promoter is a young tech wizard who is exceptional passionate about securing cyberspace He has dropped from school to continue his passion and profession in cybersecurity.. He is having experience of more than 6 years in the field of cyber security. Mr. Charanjit Singh aged 57 years, is the Whole Time Director and Promoter of their Company. He is founding member of the company. He is having experience of more than 6 years in finance management He has a vast knowledge and experience in field of business processes, decision making, and entrepreneurship. He has handled diversified business and having good experience in various segments. He has adopted the good planning methods and executing aggressive strategies to achieve business goals. Originally, he was appointed as a Non-executive Director since the incorporation of the company, i.e., since August 01, 2016. Thereafter pursuant to approval of members in Extra-Ordinary General Meeting of the Company held on January 08, 2024 his designation was change to Executive Whole-Time Director w.e.f January 08, 2024, for a period of 5 (five) years Mr. Bharatkumar Amrutlal Panchal aged 52 years Non-Executive Director holds degree of Doctor of Literature (Honoris Causa) from GNA University. He has also done Master of Business Administration from Sikkim Manipal University. He has been awarded a certificate of Completion for completing International Program on Information Assurance and Management for Executive of Banks and Financial Institutions by University at Buffalo, New York. He is a prominent industry leader in Cyber Security in India, with more than two decades of experience in risk management, mainly in the banking and telecommunication sectors.

Financials of TAC Infosec Limited IPO:

Particulars ( In Lakhs )
Revenue from Operations 504 511 1,000 502
Other Income 12 13 14 29
Total Revenue 516 524 1,014 531
Employees Benefit Expenses 233 263 128 212
Other Expenses 193 145 344 103
EBITDA 91 115 542 217
Depreciation & Amortisation 4 19 25 13
Finance Cost 2 10 9 2
EBIT 87 95 518 204
OPM (%) 17.54% 21.91% 53.48% 40.79%
PBT 85 85 509 202
Tax 23 25 2 7
PAT 61 61 507 195
NPM (%) 11.84% 11.60% 50.01% 36.69%
No.of Shares 104.79 104.79 104.79 104.79
EPS 0.58 0.57 4.84 1.85

Comparison With Peers:

Name of the Company Revenue (In Crore) PAT (In Crore) EPS ( in Rs) P/E CMP Mcap (In Crore)
TAC Infosec Limited 10 5 4.84 21.9 106 111
Dev Information Technology Limited 124 9 4.06 26.4 101 224
Infobeans Technologies Limited 385 36 14.83 51.5 381 926
Sigma Solve Limited 55 15 9.63 24.1 383 394
* All the data is as per FY23.

Lead Manager of TAC Infosec Limited IPO:

  1. Beeline Broking Limited

Registrar of TAC Infosec Limited IPO:

  1. Skyline Financial Services Private Ltd

Company Address:

TAC Infosec Limited 8th Floor, Plot No. C-203, Industrial Focal Point, Phase 8B, Balongi, Rupnagar, S.A.S.Nagar, Mohali – 160055 Phone: +91 9988850821 Email: company.secretary@tacsecurity.com Website: http://www.tacsecurity.com/

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