Tac Safety’s ₹29.99-crore preliminary public providing (IPO) is ready to open for subscription on March 27. If profitable, this Vijay Kedia-backed IPO would be the first pure-play cyber safety firm to be listed on Indian inventory exchanges. Following the IPO, Tac Safety founder Trishneet Arora will maintain a 54.02 per cent stake within the firm, adopted by Vijay Kedia with 10.95 per cent and his son Ankit with 3.65 per cent.
Tac Safety IPO particulars: The general public provide might be solely a contemporary challenge of 28.3 lakh shares. The value band of the IPO is fastened at ₹100-106 per share. The difficulty will shut for subscription on April 2 and the anchor portion will open on March 26. The shares of the corporate might be listed on the NSE SME platform.
Tac Safety IPO aims: Web proceeds from the IPO might be utilized by the corporate to put money into human sources and product improvement to help natural progress in India and funding in Tac Safety INC, Delaware to rent expert personnel for natural progress exterior India, it has mentioned. The remaining proceeds might be used for common company functions, it added.
Tac Safety financials: The corporate reported a complete income of ₹5.02 crore within the first half of FY24 and a revenue (PAT) of ₹1.94 crore. In FY23, its revenue stood at ₹5.07 crore on a income of ₹10 crore.
Tac Safety registrar: Beeline Capital Advisors is the book-running lead supervisor of the difficulty and Skyline Monetary Companies is the registrar for the IPO.
Tac Safety promoters: Trishneet Arora and Charanjit Singh are the promoters of the corporate.
