TAC Infosec IPO allotment: How to check status, latest GMP and details here

TAC Infosec IPO is valued at about ₹29.99 crore and comprises a new issuance of 2,829,600 equity shares with a face value of ₹10.

Published on: Apr 3, 2024, 13:30:02 IST

By HT News Desk

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TAC Infosec IPO allotment: The share allotment for the initial public offering (IPO) of TAC Infosec IPO share allotment will be finalised today (April 3). Those who have applied for the issue can check the allotment status by going to the website of registrar Skyline Financial Services Private Ltd. Those who have not been allotted shares will also receive refunds. The IPO's listing date is scheduled for April 5.

TAC Infosec IPO: How to check allotment status?

TAC Infosec IPO subscription status

On day 4, TAC Infosec IPO subscription status was 422.03 times while non-institutional investors subscribed 768.89 times, retail investors subscribed 433.80 times and Qualified institutions (QIBs) subscribed 141.29 times.

TAC Infosec IPO details

The issue is valued at about ₹29.99 crore and comprises a new issuance of 2,829,600 equity shares with a face value of ₹10. The IPO has no offer-for-sale component and the company aims to use the proceeds from the issue for investments in human resources and product development; buying TAC Security Inc. (Delaware, USA) and for general commercial objectives, it said.

TAC Infosec IPO lead manager and promoters

TAC Infosec IPO GMP today

TAC Infosec IPO grey market premium is +125 which indicates that the share price was trading at a premium of ₹125 in the grey market, as per investorgain.com. The anticipated listing price of ₹231 per share—or 117.92% more than the IPO price of ₹106.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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