BofA Buys Stake in Vijay Kedia-Backed TAC Security After IPO Debut
Anchor investor NAV Capital VCC also added shares of TAC Security to its portfolio. Marquee investors, including Astorne Capital VCC, Beacon Stone Capital VCC – Beacon Stone I, Zinnia Global Fund PCC – Cell Dew Cap Fund and LC Radiance Fund VCC, subscribed to Anchorbook ahead of the IPO.
TAC Security made a stellar debut on NSE Emerge, listing at Rs 290 against the price band of Rs 106 last week after its IPO received an overwhelming response from investors.
The entire issue was subscribed 422 times, of which the QIB portion was subscribed 142 times, the NII portion 769 times and the retail quota 434 times.
The IPO consisted of a fresh issue of 28.29 lakh shares with face value of Rs 10 per share.
TAC Security raised Rs 2,999 crore in its IPO and will use the net proceeds to invest in human resources and product development to support organic growth in India and external organic growth through investment in TAC Security Inc (Delaware, USA). We suggest hiring skilled personnel for this purpose. India. The remaining capital is used for general corporate purposes. Backed by stock market expert Vijay Kedia, the company provides risk-based vulnerability management and assessment solutions, cybersecurity quantification and penetration testing to organizations of all sizes, scales and businesses through: “SaaS model”.
TAC Security was founded by millennial entrepreneur Trishneet Arora. With extensive experience in cybersecurity and vulnerability management, the founder has driven the company’s business growth strategy.
