Shares of TAC Infosec can create a stir in the market on the very first day.
This is indicated by the Gray Market Premium (GMP) of the company’s shares. TAC Infosec IPO is opening from 27 March to 2 April 2024.
There have been 422 times bets on the company’s IPO. Shares of TAC Infosec are now going to be listed in the market on 5th April. Veteran investor Vijay Kedia has also placed a big bet on the company.
There can be huge profit on the day of listing
In the IPO, investors got shares of TAC Infosec for Rs 106. The company’s shares are trading with a premium of Rs 110 in the gray market.
According to this, shares of TAC Infosec can be listed in the market around Rs 216. That is, investors who have received shares of the company in the IPO can expect a profit of more than 103 percent on the day of listing.
The company’s shares will be listed on the SME platform of the National Stock Exchange. The total size of the company’s public issue is Rs 29.99 crore.
Company’s IPO has been subscribed 422 times
The IPO of TAC Infosec has been subscribed a total of 422.03 times. The quota of retail investors in the company’s IPO has been subscribed 433.80 times. At the same time, in the Non-Institutional Investors (NII) category, stakes have increased 768.89 times.
Whereas the quota of Qualified Institutional Buyers (QIB) has been subscribed 141.29 times. Retail investors could place bets for 1 lot in TAC Infosec’s IPO.
There were 1200 shares in one lot of IPO. That means, retail investors had to invest Rs 127200.
Vijay Kedia has 15% stake in the company
The promoters of TAC Infosec are Charanjit Singh and Trishneet Arora. Trishneet Arora is the CEO and founder of the company.
Trishneet’s stake in the company is 74 percent. Veteran investor Vijay Kishanlal Kedia has 15% stake in the company.