look news india
An unexpected rise has been seen in the shares of small company TAC Infosec. In the last 9 months, the company’s shares have given returns of more than 1200%.
- On Friday, the shares closed 2% higher at Rs 1398.85, which is its new 52-week high.
- The major reason for this rise is being said to be veteran investor Vijay Kedia’s investment in this company.
- Kedia family holds more than 15 lakh shares of TAC Infosec.
The share price in IPO was Rs 106
TAC Infosec launched its IPO in March 2024, which was extremely successful.
- IPO Price: Rs 106.
- Opening: The IPO opened on 27 March 2024 and remained available for subscription till 2 April 2024.
- Listing: The share was listed at Rs 290 on April 5, 2024.
- First day rise: The share reached Rs 304.50 on the day of listing, giving investors a profit of 187%.
On 10 January 2025:
- Shares of TAC Infosec hit Rs 1398.85, registering a surge of over 1200% compared to the issue price of Rs 106.
Vijay Kedia and his family’s stake
Veteran investor Vijay Kedia and his family have a major investment in TAC Infosec:
- Vijay Kedia:
- Share: 11,47,500.
- Share: 10.95%.
- Ankit Kedia (son of Vijay Kedia):
- Share: 3,82,500.
- Share: 3.65%.
Overall the Kedia family holds 15,30,000 shares of the company.
Record subscription in IPO
TAC Infosec’s IPO gets great response from investors:
- Total Subscription: IPO subscribed 422.03 times.
- Category-wise subscription:
- Retail investors: 433.8 times.
- Non-Institutional Investors (NII): 768.89 times.
- Qualified Institutional Buyers (QIB): 141.29 times.
Reasons for TAC Infosec’s stellar performance
- Tremendous demand in the market:
The IPO received an overwhelming response from investors, leading to increased demand for the shares after listing. - Vijay Kedia’s assurance:
The support of the veteran investor strengthens investor confidence in TAC Infosec. - Continuous growth after IPO:
The company lived up to the expectations with its performance and gave excellent returns to the investors.