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The shares of Tac Infosec listed at a premium of 173.6% on the NSE SME platform on Friday. The stock debuted at Rs 290 as against an issue price of Rs 106.Ahead of the listing, Tac Infosec's shares were trading with a premium of Rs 115 in the grey market.The IPO, which was completely a fresh equity issue of 28.2 lakh shares, received massive subscription of over 300 times.Net proceeds from the IPO are utilised for acquisition of TAC Security Inc, Investment in human resources and general corporate purposes.Tas Security is engaged in the business of providing risk-based vulnerability management and assessment solutions, cybersecurity quantification and services of Penetration testing to organizations of any scale, size, and business through SaaS model.Also Read: Bharti Hexacom IPO opens for subscription. Should you bid?The company offers security software products and solutions both in India and internationally. Its end customers are banks and financial Institutions, government regulatory bodies and departments, large-scale enterprises (including business offices) like HDFC, Bandhan Bank, BSE, NPCI, DSP investment managers pvt ltd, Motilal Oswal Financial Services and NSDL e-governance.The company's flagship software product is ESOF (Enterprise Security in One Framework), which was launched in 2018. ESOF is a vulnerability management platform consisting of various product portfolios namely ESOF Appsec, ESOF VMP, ESOF VACA, ESOF PCI ASV, ESOF CRQ.All the products launched under ESOF Platform have a wide range of applications ranging from vulnerability management solutions for web and application-based data, compliance assessment, and cyber risk quantification.The IT and BPM sector has become one of the most significant growth catalysts for the Indian economy, contributing significantly to the country’s GDP and public welfare. The IT industry accounted for 7.4% of India’s GDP in FY22, and it is expected to contribute 10% to India’s GDP by 2025.For the six months ended September 2023, the company's revenue from operations stood at Rs 5.02 crore and profit was at Rs 1.94 crore.Beeline Capital Advisors was the book-running lead manager to the issue and Skyline Financial Services acted as the registrar.

Reserve Bank of India Governor Shaktikanta Das-headed rate-setting panel on Friday concluded its three-day Monetary Policy Committee (MPC) review meeting and kept the repo rate unchanged at 6.5 per cent.The MPC decided to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns to the target, while supporting growth.It is the first bi-monthly monetary policy of 2024-25. A total of six MPC meetings are scheduled for the fiscal year beginning April 1, 2024.Read Latest Updates on RBI MPC Meeting LiveKey decisions from April MPC:With a majority of 5:1, the committee decided to keep the repo rate unchanged at 6.5%.RBI has forecast Indian economy to grow at 7 per cent in FY25.The Committee sees Q1FY25 growth rate at 7.1%, Q2 at 6.9%, Q3 and Q4 at 7% each, with risks evenly balanced.CPI inflation projection left unchanged for FY25 at 4.5%.Forex reserves at an all time high of $645.6 billion as of March 29.Key comments from RBI MPC:Inflation: The 'Elephant in the room'2 years ago the elephant in the room was inflation. The elephant has now gone out for a walk and appears to be returning to forest.Inflation is moving closer to targets but the last mile is turning out to be challenging.Core inflation has declined steadily over the past 9 months to its lowest level in the series."We should not lower our guard but continue to work towards ensuring inflation aligns durably and sustainably to the target. Our goal is in sight and we must remain vigilant," said Das.Indian Rupee:The Indian rupee (INR) was most stable in FY24 among major economies. As compared to the previous 3 years, INR exhibited lowest volatility in 2023-24.INR stability mirrors strong fundamentals, financial stability, and external improvements.On global economy:The global economy exhibits resilience and is likely to maintain its steady growth in 2024. Equity markets are rallying, while sovereign bond yields and the US dollar are exhibiting bidirectional movements.Rural economy:Outlook for the rural areas appears bright, said Das.Food prices:Early indication of normal monsoon augurs well for kharif season, said Das."On the other hand, the increasing incidence of climate shocks remainsa key upside risk to food prices," Das added.An expected normal south-west monsoon should support agricultural activity.Low reservoir levels, especially in the southern states and outlook of above normal temperatures during April-June, also pose concern.Pulses and vegetable prices require close monitoring.