TAC Infosec IPO will open on March 27, know the price band-GMP
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TAC Infosec IPO: There is a period of ups and downs in the Indian stock market for the last few days. However, the IPO is getting a very good response from investors. Meanwhile, TAC Infosec Limited, a global company working in the field of IT, cyber security and risk management, is coming to the market with its IPO. Retail investors will be able to bid for this from March 27 to April 2, 2024. However, anchor investors will bid for this on March 26. The company is trying to collect Rs 29.99 crore from the market. For this, 28.3 lakh fresh shares will be issued in the market by the company. TAC Infosec has fixed the price range for the IPO at Rs 100-106 per share. The company is going to be listed on NSE SME board.
What are the details of IPO?
28,29,600 shares of face value of Rs 10 will be offered in the IPO through book-building route. At the upper end of the price band, the company will be able to raise Rs 29.9 crore. Investors will be able to bid for a minimum of 1,200 shares and will be able to bid further in multiples of the same. The allotment of shares will be done by the company on April 3, 2024. Whereas, the refund process will be started from April. The shares will be updated in the accounts of these investors. The listing of the company is expected to happen on April 5. Beeline Capital Advisors Private Limited is the book running lead manager of the IPO. Whereas, Skyline Financial Services Private Limited is the registrar to the issue.
Also Read: GMP started increasing before entering the market, know the details of IPO
How much will have to be invested
For TAC Infosec IPO, retail investors will have to invest in at least one lot. There are 1200 shares in one lot. This means that they will have to invest at least Rs 1,27,200. Minimum lot size investment for HNI is 2 lots i.e. at least 2,400 shares, for this they will have to invest at least Rs 254,400.
When will the listing happen?
The company is likely to be listed on NSE SME Board on April 5.
what is gmp
The shares of the company are in the gray market without any premium or discount. It is understood that after the start of bidding, there may be movement in the GMP price.
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