TechD Cybersecurity IPO Closes with Stellar Day 3 Response

Ahmedabad, September 18, 2025:  The TechD Cybersecurity Limited IPO closed with strong investor demand, recording a final-day subscription of 718.30 times. This places it among the most heavily subscribed SME IPOs in recent periods.

Established in 2017 under the name Techdefence Labs Solutions, TechD Cybersecurity Limited delivers full-service cybersecurity solutions which include managed security services, vulnerability assessments, compliance and digital forensics. TechD Cybersecurity is empanelled with CERT-In and is ISO 27001 certified. TechD Cybersecurity serves clients in the BFSI, manufacturing, aviation, healthcare and government sectors. Clients include Adani Group, Zensar Technologies and Astral Limited.

Massive Final Day Subscription

As of 5:49 p.m. on September 17, bids for more than 96.53 crore shares had been submitted, in comparison to just 13.44 lakh shares on offer. In total, ₹18,632.10 crore were bid for the offering, demonstrating robust investor demand. A total of 4,92,682 applications were received across all segments, indicating solid engagement.

Retail Investors Lead the Rally

Retail investors largely drove the rally, with 6.72 lakh shares reserved for this segment receiving bids for over 48.79 crore shares, reflecting a subscription of 726.06 times. Within this, the IND category alone saw more than 4.06 lakh applications, underscoring robust participation from small investors.

Strong Non-Institutional and QIB Interest

Non-institutional investors were active participants, filling in 85,900 applications and subscribing to their quota 1,279.03 times. Within that category, bNII (bids over ₹10 lakh) had a remarkable 1,517.95 times subscription, and sNII (bids below ₹10 lakh) had a subscription of 801.19 times. Qualified institutional buyers (QIBs) were active as well, subscribing at 284.17 times with a minimum of 189 bids, including several foreign and domestic institutional investors.

Price Band and Anchor Allocation

Demand remained solid at the upper price band of ₹193 per share. Before the issue, the company had successfully raised ₹11.09 crore from anchor investors, allotting 5.74 lakh shares at the same price. Notable anchor participants included Nine Alps Opportunity Fund, Vira Bharat Opportunities Fund, and North Star Opportunities Fund VCC – Bull Value Sub-Fund.

Outlook

With a strong IPO subscription, TechD Cybersecurity is ready to make its mark on the stock exchanges. Uneven demand across categories, along with increasing reliance on cybersecurity solutions, puts the company well-positioned for growth and investor interest in the long-term digital security market.

Disclaimer:  At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations