TAC Infosec Ltd. makes a strong debut on the bourses with scrip got listed at Rs 290.00 on the Bombay Stock Exchange, a 173.58 per cent premium to its issue price of Rs 106.00. On the National Stock Exchange, the stock was listed at Rs 290.00.

The company, which raised 0.28 Cr from initial public offering, was subscribed 392.65 times, receiving bids for 11,110.42 lakhs shares against the total issue size of 28.30 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Mar 27 to Apr 02.

Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the NSE.

The company anticipates using the proceeds of the issue for .

Beeline Capital Advisors Pvt. Ltd. as lead managers & Skyline Financial Services Pvt Ltd is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 22,514.65, up 80.00 points, or 0.35 per cent.