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TAC Infosec IPO Subscription Standing: TAC Infosec’s IPO has obtained a powerful response from buyers. It was subscribed 392.56 instances on Tuesday, the final day of subscription within the IPO. In line with NSE knowledge, TAC Infosec’s IPO obtained bids for 79,42,29,600 shares in opposition to 20,23,200 fairness shares. The portion of certified institutional consumers (QIBs) was subscribed 37.54 instances and the portion of non-institutional buyers (NIIs) was subscribed 153.30 instances.
Shares can be listed on NSE SME
Moreover, the reserve portion for retail particular person buyers (RIIs) was subscribed 201.71 instances. The worth band for bidding underneath IPO has been mounted at Rs 100 to Rs 106 per share. The corporate’s shares can be listed on NSE’s small and medium enterprises platform ‘Emerge’. On the higher finish of the worth band the corporate will be capable of increase Rs 29.9 crore. That is an IPO of Rs 29.99 crore. Bidding within the IPO opened on March 27 and closed on April 2.
What’s GMP?
Shares of TAC Infosec have been seen buying and selling at an excellent premium within the grey market on Tuesday. The corporate’s shares are seen buying and selling at a premium of Rs 125 in opposition to the problem worth of Rs 106. On this means, the corporate’s shares will be listed on the inventory exchanges at Rs 231 with a premium of 117.92 %. The allotment of shares on this IPO will happen on April 3. Whereas, the itemizing of shares is anticipated to occur on fifth April.
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2024-04-02 16:54:30
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