Shankara Ipo
TAC Security plans to go public this year, aims Rs 100 cr turnover by 2026
Global cyber security firm TAC Security on Monday announced its plan to go public this year and raise funds from the capital market to expand its operation with an aim to increase its turnover to Rs 100 crore by 2026. SaaS (Software as a service) firm TAC Security, founded by entrepreneur Trishneet Arora in 2013, is one of the leading players in cybersecurity. TAC Security, a pioneer in risk and vulnerability management worldwide, is eyeing a revenue of Rs 100 crore by 2026, a company statement said. However, the company did not disclose its current turnover. According to the statement, the company is aggressively exploring capital-raising options, including an initial public offering (IPO) in early 2024. Beeline Capital Advisors Private Ltd has been appointed the exclusive book-running lead manager for the proposed IPO. TAC Security CEO Arora said, "We are now embarking on our next growth stage, aiming for a nearly ten-fold increase in revenues by FY26 through organic growth and
 "TAC Security plans to go public this year, aims Rs 100 cr turnover by 2026")
Shankara Building gains 38% on debut
Shankara Building Products made a stellar trading debut on Wednesday
 "Shankara Building gains 38% on debut")
Shankara IPO subscribed 41 times
The Benguluru-based company had raised Rs 103.5 crore by allotting shares to anchor investors
 "Shankara IPO subscribed 41 times")
