Vijay Kedia-backed Tac Infosec debuts at 174% premium over issue price

TAC Infosec Limited, a company backed by renowned investor Vijay Kedia, witnessed a remarkable debut on the National Stock Exchange (NSE) SME platform today. The stock opened at ₹290 on NSE SME, marking an impressive 173.58% increase from its issue price of ₹106. This substantial jump in share price indicates strong investor interest and confidence in the company's prospects.

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Following its blockbuster debut, TAC Infosec's stock was locked in a 5% upper circuit, indicating continued demand and bullish sentiment among investors.

The initial public offering (IPO) of TAC Infosec was open for subscription from Wednesday, March 27, to Tuesday, April 2. The price band for the IPO was set between ₹100 to ₹106 per share, with a face value of ₹10 each. Investors had the opportunity to bid for a minimum of 1,200 equity shares, constituting the lot size for TAC Infosec IPO.

The IPO subscription status was exceptionally strong, reaching 422.03 times the issue size by the end of day 4. This overwhelming response from investors underscores the attractiveness of TAC Infosec's business model, growth prospects, and the credibility associated with Vijay Kedia's endorsement.

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