BofA Securities has invested in TAC Safety, a recent debutant on the NSE SME platform, thru its fund – BofA Securities Europe SA.
Anchor investor NAV Capital VCC has also added extra shares of TAC Safety to its portfolio. Marquee patrons, along with Astorne Capital VCC, Beacon Stone Capital VCC – Beacon Stone I, Zinnia World Fund PCC – Cell Dew Cap Fund and LC Radiance Fund VCC subscribed to the anchor guide earlier than the IPO.
TAC Safety made a stellar debut on NSE Emerge, checklist at Rs 290 as against a imprint band of Rs 106 last week after the IPO got overwhelming response from the patrons.
The overall disclose changed into booked 422 times, of which the QIB half changed into subscribed 142 times, the NII half 769 times and the retail quota 434 times.
The IPO comprised a recent disclose of 28.29 lakh fairness shares with a face charge of Rs 10 per half.
TAC Safety raised Rs 29.99 crore from the IPO and it proposes to make utilize of the in finding proceeds to spend money on human resources and product style to give a take to organic increase in India and investment in TAC Safety Inc (Delaware, USA) to rent educated personnel for organic increase outside India.
The remaining capital would perhaps be primitive for in vogue corporate functions.
The firm, backed by stock market maven Vijay Kedia, gives possibility-primarily based fully vulnerability management and overview solutions, cybersecurity quantification and Penetration checking out to organisations of any scale, size, and change thru the “SaaS mannequin”.
TAC Safety changed into based by the millennial entrepreneur Trishneet Arora. With intensive journey in cybersecurity and vulnerability management, the founder has been guidance the firm’s change increase technique.
