TechD Cybersecurity IPO Opens Today; Secures ₹11.09 Crore from Anchor Investors

Ahmedabad, September 15, 2025 – TechD Cybersecurity Limited has opened its initial public offering (IPO) today, September 15, 2025, and the issue will close on September 17. The company is seeking funds through a fresh issue of 20.20 lakh equity shares in the price band of ₹183 to ₹193 per share on the NSE Emerge platform.

Before the IPO, the company raised ₹11.09 crore from its anchor book on September 12. Five Institutional investors received 5,74,800 shares at the top of the price band, at ₹193 per share.

Anchor Investor Allocation: Nine Alps Trust Leads with 81.52% Share

Before the issue, 5,74,800 shares were allotted at a price of ₹193 per share. The anchor book was topped by Nine Alps Trust – Nine Alps Opportunity Fund, which subscribed to 4,68,600 shares, representing 81.52% of the subscription. Vira AIF Trust – Vira Bharat Opportunities Fund subscribed to 54,000 shares (9.39%), and North Star Opportunities Fund VCC – Bull Value Sub-Fund was allocated 52,200 shares (9.08%). This robust anchor subscription indicates investor optimism in TechD Cybersecurity’s listing on the market.

TechD Cybersecurity IPO lot size has been kept at 600 shares, so the retail bidders’ minimum investment would be ₹1.15 lakh at the higher price band.

IPO Price Band, Lot Size & Book-Building Process

The public offer opened today, September 15, 2025, for subscription and will close on September 17, 2025. The IPO is going through a 100% book-building process, giving price discovery to the investors in the given band.

The company intends to raise capital by issuing 20,20,200 new equity shares having a market maker portion of 1,01,400 shares. Price band is at ₹183–₹193 per share of face value of ₹10. Retail investor application will be made in a lot size of 600 shares.

After listing, the securities will be listed in NSE EMERGE, the SME segment of the National Stock Exchange. Mr. Sunny Piyushkumar Vaghela and Mr. Vaghela Piyush Rasiklal are managing the issue.

Utilisation of Proceeds

The company plans to utilize IPO proceeds for increasing its human resources, establishing a Global Security Operations Centre (GSOC) at Ahmedabad, and for general corporate purposes.

Key Entities Managing TechD Cybersecurity IPO

The issue is handled by GYR Capital Advisors Pvt Ltd as the Book Running Lead Manager, with Purva Sharegistry (India) Pvt Ltd serving as Registrar. Market making shall be carried out by Giriraj Stock Broking Pvt Ltd.

About TechD Cybersecurity

TechD Cybersecurity Limited, initially Techdefence Labs Solutions, was established in 2017 and is located in Ahmedabad. The organization offers end-to-end cybersecurity solutions such as managed security services, VAPT, compliance, and digital forensics. The organization is empanelled with CERT-In and is certified according to ISO 27001 and serves the BFSI, manufacturing, healthcare, aviation, and government sectors. Its customers include the Adani Group, Zensar Technologies, Astral Limited, and international companies.

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