Kedia’s Hold 14.60% Sake: IT Stock Locked in Upper Circuit After Company's Subsidiary, CyberScope Web3 Security Inc; Gains Board's Nod for U.S. IPO Filing
DSIJ Intelligence-1 / 19 Aug 2025/ Categories: Mindshare, Trending
The stock is up by 63 per cent from its 52-week low of Rs 500 per share.
On Tuesday, shares of TAC InfoSec Limited were locked in a 5 per cent upper circuit to Rs 938.80 per share from its previous closing of Rs 894.10 per share.
TAC Infosec Limited has announced that its Cayman Islands-incorporated subsidiary, CyberScope Web3 Security Inc., has received board approval to initiate the process for a U.S. Initial Public Offering (IPO). At a board meeting held on August 18, 2025, CyberScope's directors approved the confidential filing of a Draft Registration Statement (DRS) on Form F-1 with the U.S. Securities and Exchange Commission (SEC). This move also includes a proposal for listing its securities on the Nasdaq Capital Market (NASDAQ), contingent on regulatory approvals and market conditions.
In preparation for the IPO, CyberScope's board has appointed several key advisors and auditors, including Winston & Strawn LLP as U.S. Legal Counsel, Appleby (Cayman) Ltd. as Cayman Islands Legal Counsel, Maxim Group LLC as Financial Reporting Advisor, and Suri & Co., Chartered Accountants as PCAOB Auditors. It's important to note that the IPO's final timing, size, pricing, and structure are subject to market conditions, SEC review, and all necessary approvals. No securities can be sold until the Registration Statement is declared effective by the SEC, and any offering will be conducted through a prospectus meeting U.S. Securities Act requirement. Both TAC Infosec Limited and CyberScope Web3 Security Inc. will provide further updates as required by relevant regulations.
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About the Company
TAC InfoSec Limited (NSE: TAC), a publicly listed global cybersecurity firm specialising in vulnerability management, is known for its oversubscribed $1 billion IPO. Their flagship ESOF platform offers cyber scoring, risk quantification, and AI-powered vulnerability assessment and penetration testing. Holding CREST, PCI ASV, and ISO 27001 certifications, they partner with Google, Microsoft, and Meta for cloud security assessments. TAC Security serves a global clientele, including Fortune 500 companies, start-ups, and governments.
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According to half-yearly results, the net sales increased by 157 per cent to Rs 18 crore and net profit increased by 100 per cent to Rs 8 crore in H2FY25 compared to H2FY24. In its annual results, the net sales increased by 150 per cent to Rs 30 crore and net profit increased by 150 per cent to Rs 15 crore in FY25 compared to FY24.
An ace investor, Vijay Kedia, owns 11,47,500 shares or 10.95 per cent stake and his son, Ankit Vijay Kedia, owns 3,82,500 shares or 3.65 per cent stake in the company as of March 2025.In just 1 day, Kedia’s gained Rs 6,83,91,000 [(11,47,500 shares + 3,82,500 shares) x Rs 44.7 per share]. The stock is up by 63 per cent from its 52-week low of Rs 500 per share.
Disclaimer: The article is for informational purposes only and not investment advice.