Continuing the positive trend seen on the first day, the SME IPOs of TAC Infosec and Radiowalla Network, backed by marquee investors Vijay Kedia and Ashish Kacholia, respectively, were subscribed over 10 times on the second day of the bidding process. The IPO of TAC Infosec sailed through on the first day and picked up momentum on the second day with an overall subscription of 17 times so far. The company has fixed a price band of Rs 100-106 per share. Investors can bid for 106 shares in one lot and then in multiples. TAC Infosec is engaged in the business of providing risk-based vulnerability management and assessment solutions, cybersecurity quantification, and services of penetration testing. The IPO of Radiowalla Network, backed by Ashish Kacholia, also received over 10x subscriptions on the second day of the bidding. The company offers a comprehensive range of B2B-focused customer engagement services and aims to raise Rs 14.25 crore through this IPO. The issue size is up to 18.75 lakh shares at a face value of Rs 10 each.
SME IPOs of TAC Infosec and Radiowalla Network Subscribed Over 10 Times
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- March 29, 2024
TIS Staff
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