Shares of a small company TAC Infosec have given multibagger returns to investors. Shares of TAC Infosec have jumped more than 550 percent in the last 6 months. The company’s shares are trading at Rs 685 on Friday. TAC Infosec’s IPO opened on 27 March 2024. The share price in the company’s IPO was Rs 106. Veteran investor Vijay Kedia has made a big investment in the IPO, he has more than 11 lakh shares of the company in his personal portfolio.
Investors made a profit of 187% on the day of listing of TAC Infosec
- When the share price in the IPO of the company TAC Infosec was Rs 106. The company’s shares were listed at Rs 290 on 5 April 2024. On the day of listing, the shares of TAC Infosec rose sharply to Rs 304.50.
- That is, investors in the company’s shares gained more than 187 percent on the very first day.
- This IPO was subscribed a total of 422.03 times. And if we talk about retail investors in the company’s IPO, their quota was subscribed 433.80 times.
- Apart from these, the Non-Institutional Investors (NII) category was subscribed 768.89 times. The quota of Qualified Institutional Buyers in TAC Infosec’s IPO was subscribed 141.29 times.
Does Vijay Kedia have more than 11 lakh shares?
Veteran investor Vijay Kedia has 11,47,500 shares of TAC-Infosec in his portfolio. His stake in the company is now 10.95 percent. This shareholding data has been taken from the NSE website and is as of 3 April 2024. Apart from Vijay Kedia, his son Ankit Vijay Kedia holds 3,82,500 shares of the company. In which his stake is 3.65 percent.
Details of the company’s IPO
The total size of the company’s public issue was Rs 29.99 crore. Retail investors could bet only for 1 lot in TAC Infosec’s IPO. One lot of the IPO contained 1200 shares.
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