This Vijay Kedia Backed small Cap Stock has delivered more than 991% in the last 9 months since its IPO debut in March 2024. Actually We are talking about TAC Infosec Limited (NSE: TAC-ST), a small Cap IT company. Let us tell you that, the TAC Infosec IPO came at a price of Rs 106 and currently the share is trading at a price of Rs 1,157 with a 2% upper circuit on NSE. The shares of TAC Infosec are hitting upper circuit most of the trading sessions since listing. Veteran Investor Vijay Kedia has more than 15 lakh shares in his portfolio. Check more details below.
Small Cap Stock Debut in 2024
Let us tell you that, the initial public offering of TAC Infosec debuted in the stock market earlier this year in March, 2024. On March 27, 2024, the TAC Infosec IPO went live for subscriptions. The company’s shares went public on April 5, 2024, at a price of Rs 290. On the day of listing, TAC Infosec’s stock surged to Rs 304.50. This represents that on the first day of listing, shareholders obtained an 187% return. Let us tell you that 422.03 subscriptions were made to the TAC Infosec IPO. Retail quota subscribed 433.80 times, QIB quota subscribed 141.29 times, and non-institutional investors (NII) subscribed 768.89 times for the IPO.
Multibagger Returns of 991% Since IPO Debut
In the last 6 months, the shares of TAC Infosec have delivered impressive returns of 102.27%. It’s all time gain is 991% from the IPO price at Rs 106. TAC Infosec is currently trading at Rs 1,157 with 2% lower circuit. The 52-week high of this share is Rs 1,157 meanwhile the 52-week low is Rs 261.10.
Vijay Kedia Have 15 Lakh Shares
Veteran investor Vijay Kedia holds 15,00,000 shares of TAC Infosec Ltd. According to the data available on NSE, Vijay Kedia holds 10.95% stake in this company. Apart from this, Ankit Vijay Kedia, son of Vijay Kedia also holds 3,82,500 shares representing a 3.65% stake in TAC Infosec.
About TAC Infosec Ltd
Incorporated in 2016, TAC Infosec is a leading cyber security company in India. The company specialized in providing risk-based solutions for vulnerability management and assessment, cyber security quantification, and penetration testing in a SaaS etc.
Investors must keep a close eye on this stock for future growth opportunities.
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