TechD Cybersecurity IPO Date, Review, Price, Details
TechD Cybersecurity, formerly known as TechDefence Labs Solutions, has its IPO opening on September 15, 2025, and closing on September 17, 2025. The IPO is a book-built issue aiming to raise approximately ₹38.99 crores through a fresh issue of shares with a face value of ₹10 each. The price band is set between ₹183 and ₹193 per share. Allocation is divided into 35% for retail investors, 50% for qualified institutional buyers (QIBs), and 15% for high net-worth individuals (HNIs). The shares are expected to be listed on the NSE on September 22, 2025, with allotment finalized on September 18, 2025.
Financially, TechD Cybersecurity reported a revenue increase from ₹15.36 crores in 2024 to ₹30.23 crores in 2025. Correspondingly, profits rose from ₹3.24 crores in 2024 to ₹8.40 crores in 2025. Given the strong financial growth, the IPO is considered suitable for long-term investment.
TechD Cybersecurity IPO Market Lot Size
The TechD Cybersecurity IPO minimum market lot is 1,200 shares with ₹2,31,600 application amount.
Application | Lot Size | Shares | Amount |
Retail Minimum | 2 | 1,200 | ₹2,31,600 |
Retail Maximum | 2 | 1,200 | ₹2,31,600 |
S-HNI Minimum | 3 | 1,800 | ₹3,47,400 |
S-HNI Maximum | 8 | 4,800 | ₹9,26,400 |
B-HNI Minimum | 9 | 5,400 | ₹10,42,200 |
TechD Cybersecurity IPO Details
IPO Open Date | September 15, 2025 |
IPO Close Date | September 17, 2025 |
Face Value | ₹10 Per Equity Share |
IPO Price Band | ₹183 to ₹193 Per Share |
Issue Size | Approx ₹38.99 Crores |
Fresh Issue | Approx ₹38.99 Crores |
Lot Size | 600 Shares |
Issue Type | Book Built Issue |
IPO Listing | NSE SME |
QIB Shares Offered | 47.46% |
NII Shares Offered | 14.26% |
Retail Shares Offered | 33.26% |
Market Maker Shares Offered | 5.02% |
IPO Valuation – FY2025 (KPI)
Check TechD Cybersecurity IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI | Values |
ROE: | 62.33% |
ROCE: | 54.25% |
EBITDA Margin: | 40.48% |
PAT Margin: | 28.18% |
Debt to equity ratio: | 0.01 |
Earning Per Share (EPS): | ₹16.44 (Basic) |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 37.93% |
Net Asset Value (NAV): | ₹40.55 |
Financial Report
The company reported revenue of ₹30.23 crores in 2025 against ₹15.36 crores in 2024. The company reported profit of ₹8.40 crores in 2025 against profit of ₹3.24 crores in 2024.
Amount ₹ in Crores
Period Ended | Revenue | Expense | PAT | Assets |
2023 | ₹7.59 | ₹6.32 | ₹0.94 | ₹6.98 |
2024 | ₹15.36 | ₹10.96 | ₹3.24 | ₹9.14 |
2025 | ₹30.23 | ₹18.87 | ₹8.40 | ₹29.08 |
TechD Cybersecurity IPO Dates
The TechD Cybersecurity IPO date is September 15 and the close date is September 17. The TechD Cybersecurity IPO allotment will be finalized on September 18 and the IPO listing on September 22.
IPO Open Date: | September 15, 2025 |
IPO Close Date: | September 17, 2025 |
Basis of Allotment: | September 18, 2025 |
Refunds: | September 19, 2025 |
Credit to Demat Account: | September 19, 2025 |
IPO Listing Date: | September 22, 2025 |
IPO Bidding Cut-off Time: | September 17, 2025 – 5 PM |
Promoters of Urban Company IPO
The promoters of the company are Abhiraj Singh Bhal, Raghav Chandra and Varun Khaitan.
About TechD Cybersecurity
Since its inception in January 2017, TechD Cybersecurity Ltd (formerly TechDefence Labs) has been dedicated to providing advanced and reliable cybersecurity solutions. The company offers a wide range of services such as Managed Security Services Provider (MSSP), Cyber Program Managed Services, Vulnerability Assessment and Penetration Testing (VAPT), Compliance Services, Specialized Security Solutions, and Staff Augmentation, catering to various client needs. Its clientele includes prominent names like Adani Group, Zensar Technologies, Astral Limited, Kedia Capital, 1 Cyber Valley, ETO GRUPPE Technologies GmbH, and IQM Corporation.
TechD Cybersecurity is led by founder and promoter Sunny Vaghela, an ethical hacker and entrepreneur with over 9 years of experience in IT and information security. He has conducted extensive training workshops and led the training team for over 7 years, impacting more than 80,000 students and professionals. Key investor Vijay Kishanlal Kedia holds 7.20% equity in the company.
The company has entered into a 9-year lease agreement for 66,681 sq. ft. of land in Ahmedabad, with plans to construct a Pre-Engineered Building (PEB) of 30,000 sq. ft. on this site, at an estimated cost of ₹614.90 lakhs funded from internal resources. This facility will accommodate up to 400 employees.
The upcoming IPO aims to raise funds to enhance its human resources, targeting an investment of up to ₹2,609.23 lakhs, to support expansion across India and international markets by recruiting skilled professionals. Additionally, the company plans to establish a Global Security Operations Centre (GSOC) in Ahmedabad to provide 24×7 managed security services, including cybersecurity monitoring, threat intelligence, and risk management on a global scale.
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
TAC Infosec Limited | 13.77 | 80.40 | 26.10% | 52.71 | 32.20 Cr. |
Sattrix Information Security Ltd | 6.27 | 29.64 | 11.08% | 53.72 | 45.07 Cr. |
Objects of the IPO
Investment towards expanding human resources.
Capital expenditure to establish the Global Security Operations Centre (GSOC) in Ahmedabad.
Allocation for general corporate purposes.
Merchant Bankers
- GYR Capital Advisors Pvt.Ltd.
Company Address
TechD Cybersecurity Ltd.
Office No. 901, 902, 903, 904 & 908,
Abhishree Adroit, Nr. Swaminarayan Temple
Vastrapur
Ahmedabad, Gujarat, 380015
Phone: +91 08645628421
Email: [email protected]
Website: https://www.techdefencelabs.com/
IPO Registrar
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: [email protected]
Website: https://www.purvashare.com/investor-service/ipo-query
Check Grey market premium at below
(GMP)