TechD Cybersecurity IPO Sees Heavy Demand Across Categories on Day 2, Retail Frenzy Continues

Ahmedabad, September 16 – The IPO of TechD Cybersecurity Limited continued to draw investor demand on the second day of bidding. As of 12:45 PM, the issue was already oversubscribed by 41.04 times, witnessing tremendous demand from the individual investors category (56.04 times). NIIs (Non-Institutional Investors) have also shown tremendous interest in the issue, with 60.18 times oversubscription.

Category-Wise Subscription Status

While the QIB (ex-anchor) segment showed weak demand at just 0.43 times, the Non-Institutional Investor (NII) category surged with 60.18 times subscription, including bNII (61.46x) and sNII (57.63x). The retail investor category also showed robust demand at 56.04 times, with over 31,000 applications. In total, bids were placed for 5.52 crore shares against 13.44 lakh offered, aggregating ₹1,064.57 crore, highlighting strong retail and HNI participation despite muted QIB response.

Bidding interest remained the strongest at the upper end of the price band (₹193 per share), showing clear investor confidence in the cybersecurity solutions provider.

Anchor Allotment Recap

Ahead of the IPO, TechD Cybersecurity raised ₹11.09 crore through the anchor book by allotting 5.74 lakh shares at ₹193 each. Key investors included Nine Alps Opportunity Fund, Vira Bharat Opportunities Fund, and North Star Opportunities Fund VCC – Bull Value Sub-Fund.

About the Company

Founded in 2017, TechD Cybersecurity Limited IPO (formerly Techdefence Labs Solutions) delivers end-to-end cybersecurity solutions such as managed security services, vulnerability testing, compliance, and digital forensics. It is empanelled with CERT-In and certified under ISO 27001. The company serves BFSI, manufacturing, healthcare, aviation, and government clients, with a portfolio featuring the Adani Group, Zensar Technologies, and Astral Limited.

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