The allotment for the SME IPO of Vijay Kedia-backed TAC Infosec, which has seen overwhelming response, will be finalised on Wednesday. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.
TAC Infosec and Radiowalla Network, supported by Ashish Kacholia and Vijay Kedia, witness strong investor interest in their IPOs. TAC Infosec focuses on cybersecurity solutions, while Radiowalla Network specializes in B2B customer engagement services.
TAC Infosec IPO opens for subscription today to raise Rs 30 crore. The IPO is priced at Rs 100-106 apiece. The company s shares will likely get listed on April 5. It is commanding a high premium in the grey market.