TAC Infosec Ltd - IPO

TAC Infosec Ltd IPO Details

Initial public issue of 2829600 equity shares of face value of Rs. 10/- each of Tac Infosec Limited (TIL or the Company or the Issuer) for cash at a price of Rs. 106/- per equity share including a share premium of Rs. 96/- per equity share (the Issue Price) aggregating to Rs. 29.99 crores (The Issue), of which 141600 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 106/- per equity share including a share premium of Rs. 96/- per equity share aggregating to Rs. 1.50 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 2688000 equity shares of face value of Rs. 10/- each at a price of Rs. 106/- per equity share including a share premium of Rs. 96/- per equity share aggregating to Rs. 28.49 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 27.00% and 25.65%, respectively, of the post issue paid up equity share capital of the company.

Objective of issue

Acquisition of TAC Sceurity Inc (Delaware USA) and making it wholly owned subsidiary theron. Investment in human resources and product development. General corporate purposes.

TAC Infosec Ltd Contact Details

TAC Infosec Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - company.secretary@tacsecurity.com

Website - www.tacsecurity.com