SaaS cybersecurity IPO stock has surged more than 1,000% in the past 11 months. Despite the ongoing correction in the market, TAC Infosec has maintained strong momentum in the stock. Notably, well-known investor Vijay Kedia and his family also hold 15,30,000 shares (equivalent to a ~15% stake) in the company.
TAC Infosec – Growth Story
TAC Infosec launched its IPO on 27 March 2024. The issue price was INR 106 per share. The IPO made an impressive debut on 5 April 2024 and delivered 187.26% returns to the investors. From the listing TAC Infosec showed a stellar performance, closing at INR 1,212.40 on 21 February 2025, marking an over 1000% surge in less than 11 months.
The stock has been on an extraordinary run, reaching its 52-week high of INR 1,420.65 and a low of INR 261.10. The rapid growth of the company is mainly fueled by two factors (i) the increasing adaptation of cybersecurity solutions in India and worldwide. (ii) The company’s efforts towards expansion.
Vijay Kedia’s Big Bet on TAC Infosec
Veteran investor Vijay Kedia is a major investor in TAC Infosec. As per the shareholding data available until September 2024, Kedia owns 11,47,500 shares (~10.95% stake) in the company. His son, Ankit Kedia, also holds 3,82,500 shares (~3.65% stake). Together, the Kedia family holds a total of 15,30,000 shares (~15% stake) in the company. These figures reaffirm the Kedia family’s strong belief in the company’s growth potential.
Strong Market Presence and Global Expansion
TAC Infosec was founded in 2016. Since then the company has established itself as a ‘good-to-go with’ in cyber solutions. TAC offers risk-based vulnerability management and assessment solutions to corporates and small businesses. The company launched its first products in 2018, their quantifiable risk assessments helped Chief Information Security Officers (CISOs) and CEOs understand cyber threats.
In its bid for global expansion, TAC Infosec established a UK-based step-down subsidiary, VULMAN Ltd, to provide cybersecurity solutions in the UK and European markets. Additionally, in August 2024, the company acquired US-based cybersecurity firm Cyber Sandia for USD 25,000, further expanding its international footprint.
Recent Stock Performance and Market Volatility
TAC Infosec’s stock has faced ongoing market correction. On 13 February 2025, shares of TAC rallied more than 5% in intraday and reached a level of INR 1,279 per share on the NSE but the rally didn’t sustain long and the stock closed at INR 1,218.10 per share. Despite losing 9% over three trading sessions, the company’s market capitalization currently stands at INR 1,340.34 crore.
Despite this bearish market, the stock still delivered an impressive return of 300% since its listing. Investors remain optimistic about TAC Infosec’s long-term growth, given its continuous expansion and increasing demand for cybersecurity solutions worldwide.
Conclusion
TAC Infosec’s impressive performance over the last 11 months highlights the company’s ability to grow. The company’s robust and low-cost business model, expansion in the global market, and high-profile backers like Vijay Kedia make this stock a must-have in the portfolio.
However, market volatility is still a factor. Investors should do thorough research before investing in any stock. TAC Infosec’s growth trajectory suggests that it is well-positioned to capitalize on the rising demand for cybersecurity solutions in the coming years.
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