In recent years, the world has witnessed a surge in cyber threats, compelling businesses of all sizes to fortify their digital defenses. Among the frontrunners in this domain is TAC Infosec, a SaaS cybersecurity startup founded by Trishneet Arora in 2016. Now, TAC Infosec is poised to embark on a new chapter in its journey as it prepares for its initial public offering (IPO), slated to open on March 27, 2024.

The IPO, set to be listed on the NSE’s small and medium enterprises (SME) platform NSE Emerge, will comprise a fresh issue of 28,29,600 equity shares. With a price band of INR 100-106 per share, TAC Infosec aims to raise approximately INR 29.9 Cr at the upper end of the price range. The lot size has been fixed at 1,200 equity shares, providing ample opportunities for both retail and institutional investors to participate.

Key Highlights of the TAC Infosec IPO:

  1. Business Model and Offerings: TAC Infosec specializes in risk-based vulnerability management, assessment solutions, cybersecurity quantification, and penetration testing. Leveraging the Software-as-a-Service (SaaS) model, the startup caters to organizations of varying sizes and industries, offering comprehensive cybersecurity solutions tailored to their specific needs.
  2. Utilization of Proceeds: The net proceeds from the IPO will be allocated towards strategic investments in human resources and product development to bolster organic growth in India. Additionally, a portion of the capital raised will be channeled towards expanding the footprint of its US-based entity, TAC Security INC, as part of its global expansion strategy.
  3. Stakeholder Landscape: Founder and CEO Trishneet Arora holds the largest stake in the company, with a 74% ownership interest. Notably, ace investor Vijay Kedia, along with other prominent stakeholders, further strengthens the investor base, underscoring investor confidence in TAC Infosec’s growth prospects.
  4. Financial Performance: TAC Infosec has demonstrated robust financial performance, reporting a total revenue of INR 5.31 Cr in the first half of FY24, with a profit after tax (PAT) of INR 1.94 Cr. In FY23, the company recorded a PAT of INR 5.07 Cr on a revenue of INR 10.14 Cr, highlighting its sustained growth trajectory.
  5. Market Potential and Growth Strategy: With the increasing prevalence of cyber threats globally, the demand for cybersecurity solutions is poised to escalate further. TAC Infosec aims to capitalize on this burgeoning market opportunity by expanding its reach and bolstering its brand presence through strategic investments in marketing and promotional activities.
  6. Book Running Lead Manager: Beeline Capital Advisors Private Limited has been appointed as the book running lead manager for the IPO, overseeing the entire offering process and ensuring its smooth execution.
  7. Comparative Analysis: TAC Infosec’s IPO comes amidst a wave of tech startups listing on SME platforms, reflecting the growing investor interest in the sector. The success stories of other startups such as Yudiz Solutions and DroneAcharya Aerial Innovations underscore the potential of SME listings as a viable avenue for raising capital and accessing public markets.

In conclusion, TAC Infosec’s IPO marks a significant milestone in its journey towards becoming a leading player in the cybersecurity domain. With a strong value proposition, proven track record, and ambitious growth plans, the company is well-positioned to capitalize on emerging opportunities and deliver value to its stakeholders in the years to come. As the IPO opens for subscription, investors have the opportunity to become part of TAC Infosec’s growth story and contribute to shaping the future of cybersecurity.

By Admin

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