IFCL plans IPO in FY25
New Delhi: Global cyber security firm TAC Security on Monday announced its plan to go public this year and raise funds from the capital market to expand its operation with an aim to increase its turnover to Rs100 crore by 2026. SaaS (Software as a service) firm TAC Security, founded by entrepreneur Trishneet Arora in 2013, is one of the leading players in cybersecurity.
TAC Security, a pioneer in risk and vulnerability management worldwide, is eyeing a revenue of Rs100 crore by 2026, a company statement said. However, the company did not disclose its current turnover. According to the statement, the company is aggressively exploring capital-raising options, including an initial public offering (IPO) in early 2024. Beeline Capital Advisors Private Ltd has been appointed the exclusive book-running lead manager for the proposed IPO.
