TAC Infosec IPO share allotment status likely to be finalised today: Steps to check status online

TAC Infosec Ltd IPO share allotment is expected to be finalised on Wednesday, April 3. The book-built issue worth ₹29.99 crore was open for subscription from March 27 to April 2.

Vijay Kedia-backed TAC Infosec IPO was subscribed a whopping 422 times, according to the NSE data. During the three-day subscription period of the public offer, entirely a fresh issue of 28.3 lakh shares, investors placed bids for over 79.42 crore shares against 18.81 lakh shares on offer.

After the overwhelming response from investors during bidding, the focus will now shift to the TAC Infosec IPO date and listing of shares. Following the finalisation of the basis of IPO share allotment today, TAC Infosec Ltd will initiate refunds to non-allottees and transfer of shares to the Demat accounts of successful bidders on April 4.

Shares of TAC Infosec are expected to be listed on the NSE SME platform on April 5.

Those who have been allotted shares under the TAC Infosec public offering can check their status online. They have two available options to check the allotment status— through the registrar portal or the NSE website.

Here's how to check the TAC Infosec IPO share allotment status today via IPO registrar website:

• Visit IPO registrar Skyline Financial Services Pvt Ltd's portal at https://www.skylinerta.com/
• Click 'Public Issues' tab on the home page
• Select company name TAC Infosec from the dropdown list
• Enter Client ID/Application Number/PAN
• Click 'Search' button

It's important to note that subscribers can see the allotment status only after the company finalises the basis of allotment for shares. Successful applicants can also view the number of shares allotted to them and the quantity they applied for.

Steps to check IPO share allotment status on the NSE

Follow these steps to check share allotment status on NSE website:

• Go to official website of NSE - https://www.nseindia.com/
• Register on the portal
• Login with registration ID and password.
• Select the company from the dropdown list.
• Enter PAN and application number and click 'Submit'

About TAC Infosec Ltd

Incorporated in 2016, TAC Infosec is a cyber security firm that specializes in risk-based solutions for vulnerability management and assessment.

TAC Infosec's clients include banks, financial institutions, government regulators and departments. Some of its big clients are HDFC, Bandhan Bank, BSE, NPCI, DSP Investment Managers, Motilal Oswal Financial Services and NSDL e-Governance.

TAC Infosec IPO details

TAC Infosec fixed the IPO price band at ₹100 to ₹106 per share and the minimum lot size at 1,200 shares. One lot size of IPO required a minimum amount of ₹1,27,200 from retail investors. The minimum lot size investment for high net worth individuals was 2 lots or 2,400 shares.

TAC Infosec IPO offered 19% to qualified institutional buyers, 14.25% to non-institutional investors, and 33.25% to retail buyers. The company raised Rs 8.55 crore from anchor investors on March 26, allotting 28.50% of the issue.

To know more about IPOs listing, schedule and upcoming IPOs, click here