Tremendous jump in TAC Infosec shares, 1037% rise in 9 months

Shares of TAC Infosec hit a new high on Monday and closed at ₹1204, up 2%.
The shares have given impressive returns of over 1000% in the last 9 months, making it an attractive option for investors.
The market cap of the company has crossed ₹ 1260 crore.

1037% increase in 9 months

• IPO details:
  • TAC Infosec’s IPO was launched on 27 March 2024 and remained open till 2 April 2024.
  • The issue price of the IPO was fixed at ₹106 per share.
• Bullish data:
  • On 23 December 2024, the company’s shares closed at ₹1204.
  • This is an increase of 1037% compared to the issue price of ₹106.
• Platform:
  • The company’s shares are listed on the SME platform of the National Stock Exchange (NSE).

Veteran investor Vijay Kedia’s big bet

Vijay Kedia has invested heavily in TAC Infosec.

• Stake Details:
  • Vijay Kedia:
    • 11,47,500 shares (10.95%) in personal portfolio.
  • Ankit Kedia (son):
    • 3,82,500 shares (3.65%) in the portfolio.
• Total stake:
  • Kedia family holds a total of 15,30,000 shares.

Bumper subscription of IPO

TAC Infosec’s IPO made headlines with record-breaking subscription.

• Total Subscription:
  • The IPO was 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.

TAC Infosec: Company Business and Achievements

TAC Infosec is a fast growing company, which operates in the technology and infosector sector.

• Market Cap:
  • Currently ₹1260 crore.
• Share Performance:
  • Has been successful in attracting investors, especially on the SME platform.

A strong option for investors

TAC Infosec’s strong performance makes it an attractive option for investors.

• The success of the IPO and the rise in shares show that the company has won the trust of investors.
• The stake of veteran investors like Vijay Kedia makes it stronger.