TECHD CYBERSECURITY LIMITED
Bookbuilding IPO · NSE
- Price band
- ₹183 - ₹193
- Lot size
- 600 shares
- Issue amount
- ₹38.99 cr
- Total subscription
- 718.38×
- Opens
- 15 Sept 2025
- Closes
- 17 Sept 2025
- Allotment
- 18 Sept 2025
- Listing
- 22 Sept 2025
Offer at a glance
Issue overview
- Issue size
- 20,20,200 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,09,800
- Fresh issue
- ₹38.99 cr
- Offer for sale
- ₹0 cr
- Registrar
- Purva Sharegistry (India) Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,15,800
- Issue type
- Bookbuilding IPO
- Shares before issue
- 54,59,533
- Shares after issue
- 74,79,733
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 1,200 | ₹2,31,600 |
| sHNI | 3 | 1,800 | ₹3,47,400 |
| bHNI | 9 | 5,400 | ₹10,42,200 |
Share reservation
Subscription & GMP
Subscription by category
Reported 17 Sept 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 189 |
| NIB | 0 | 85,900 |
| RETAIL | 560 | 4,06,594 |
| HNIs(10L +) | 107 | 49,056 |
| HNIs (2-10L) | 53 | 36,844 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 7.41 | 2,106.05 |
| FIIs | 0 | 648.61 |
| FIs | 0 | 149.78 |
| Mutual Funds | 0 | 6.22 |
| Others | 0 | 1,301.45 |
| RETAIL | 12.97 | 9,416.72 |
| HNIs 2+ | 1.85 | 1,484.44 |
| HNIs 10+ | 3.71 | 5,626.87 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 16.44 | 6.82 | 1.98 |
| ROE | 62.33 | 101.89 | 86.35 |
| ROCE | 54.25 | 72.07 | 40.29 |
| RONW | 37.93 | 67.5 | 60.31 |
| PRE IPO(PE) | 32.51 | 0 | 0 |
| POST IPO(PE) | 16.85 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| TAC Infosec Limited | 80.4 | 1095.85 | 10 | 52.71 | 26.1 | 13.77 |
| Sattrix Informatio n Security Limited | 29.64 | 185.85 | 10 | 53.72 | 11.08 | 6.27 |
Company information
Company profile
TechDefence Labs Solutions Limited, established in January 2017, is a cybersecurity firm dedicated to safeguarding digital assets for organizations across the globe. It provides end-to-end services to enterprises, helping businesses remain secure in today’s digital landscape. The company’s offerings include MSSP solutions, cyber program management, VAPT, compliance services, specialized services, and staff augmentation, catering to diverse client requirements. Renowned organizations such as Adani Group, Zensar Technologies, Astral Limited, Kedia Capital, 1 Cyber Valley, ETO GRUPPE Technologies GmbH, and IQM Corporation rely on its advanced solutions to strengthen their cyber resilience. Its comprehensive suite of services covers vulnerability assessment and penetration testing (VAPT) to identify and mitigate risks in web and mobile applications, security operations center (SOC) services for continuous monitoring and incident response, cybersecurity consulting for compliance, risk management, and strategic defense, as well as domain training through workshops and bootcamps on modern cybersecurity practices. As of June 30, 2025, the company has 147 employees on its payroll.
Strengths
- Qualified Leadership – Driven by experienced promoters and a skilled management team with proven expertise in cybersecurity.
- Comprehensive Service Portfolio – Delivers an end-to-end suite of solutions including MSSP, VAPT, compliance, SOC, consulting, and training, positioning itself as a one-stop cybersecurity partner.
- Regulatory Recognition – CERT-In empanelment and recognition from key authorities strengthen credibility and client confidence.
Risk factors
- Client Concentration Risk – Heavy reliance on maintaining and expanding the current client base; loss of key clients could significantly impact revenue and profitability.
- High Cost Structure – As an employee-driven industry, increasing staff and benefit expenses form a substantial portion of costs, potentially squeezing margins.
- Talent Retention Challenge – Business success depends on skilled cybersecurity professionals; difficulty in hiring or retaining talent may affect service delivery and growth prospects.
Promoters
Mr. Sunny Piyushkumar Vaghela
Mr. Vaghela Piyush Rasiklal
Registrar & documents
Lead manager
GYR Capital Advisors Private Limited
Registrar & contacts
Purva Sharegistry (India) Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Office No. 901, 902, 903, 904 & 908, Abhishree Adroit, Nr. Swaminarayan Temple Vastrapur Ahmedabad, Gujarat, 380015
+91 08645628421
[email protected]Company website ↗Understanding TECHD IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.