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TechDefence Labs IPO
₹1,09,800/600 shares
Minimum Investment
IPO Details
15 Sep 25
17 Sep 25
₹1,09,800
600
₹183 to ₹193
NSE
₹38.99 Cr
22 Sep 25
Open Free Demat Account
Open Free Demat Account
TechDefence Labs IPO Timeline
Bidding Start
15 Sep 25
Bidding Ends
17 Sep 25
Allotment Finalisation
18 Sep 25
Refund Initiation
19 Sep 25
Demat Transfer
19 Sep 25
Listing
22 Sep 25
TechD Cybersecurity Limited
Established in January 2017, TechDefence Labs Solutions Limited is a cybersecurity firm dedicated to protecting digital assets for organizations worldwide. The company delivers end-to-end cybersecurity services to help enterprises maintain robust digital security. Its offerings include MSSP solutions, Cyber Program Management, VAPT, compliance services, specialised services, and staff augmentation. Clients like Adani Group, Zensar Technologies, Astral Limited, and IQM Corporation benefit from its solutions. Key services include VAPT for vulnerability mitigation, SOC monitoring, cybersecurity consulting, and domain training through workshops and bootcamps, enhancing overall cyber resilience.
TechD Cybersecurity Limited IPO Overview
TechDefence Labs IPO is a book-built issue worth ₹38.99 crore, comprising entirely a fresh issue of 0.20 crore shares. The IPO opens for subscription on 15 September 2025 and closes on 17 September 2025, with allotment expected on 18 September 2025. It is scheduled to list on NSE SME on 22 September 2025. The price band is ₹183 to ₹193 per share, with a lot size of 600 shares. Retail investors need a minimum investment of ₹2,31,600, while HNIs must invest at least ₹3,47,400. GYR Capital Advisors Pvt. Ltd. is the lead manager, Purva Sharegistry (India) Pvt. Ltd. is the registrar, and Giriraj Stock Broking Pvt. Ltd. is the market maker.
TechD Cybersecurity Limited IPO Details
| Particulars | Details |
| IPO Date | 15 September 2025 to 17 September 2025 |
| Listing Date | 22 September 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹183 to ₹193 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 20,20,200 shares (aggregating up to ₹38.99 Cr) |
| Fresh Issue | 20,20,200 shares (aggregating up to ₹38.99 Cr) |
| Offer for Sale | NA |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 54,59,533 shares |
| Share Holding Post Issue | 74,79,733 shares |
| Market Maker Portion | 1,01,400 shares |
TechD Cybersecurity Limited IPO Reservation
| Investor Category | Shares Offered |
| Market Maker | 1,01,400 (5.02%) |
| QIB | 9,58,800 (47.46%) |
| NII (HNI) | 2,88,000 (14.26%) |
| Retail | 6,72,000 (33.26%) |
| Total | 20,20,200 (100%) |
TechD Cybersecurity Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 1,200 | ₹2,31,600 |
| Retail (Max) | 2 | 1,200 | ₹2,31,600 |
| HNI (Min) | 3 | 1,800 | ₹3,47,400 |
| HNI (Max) | 8 | 4,800 | ₹9,26,400 |
TechD Cybersecurity Limited IPO Promoter Holding
| Shareholding Status | Percentage |
| Pre-Issue | 86.61% |
| Post-Issue | TBD |
TechD Cybersecurity Limited IPO Valuation Overview
| KPI | Value |
| Earnings Per Share (EPS) | 16.44 |
| Price/Earnings (P/E) Ratio | 16.85 (Post IPO) |
| Return on Net Worth (RoNW) | 37.93% |
| Net Asset Value (NAV) | 40.55 |
| Return on Equity | 62.33% |
| Return on Capital Employed (ROCE) | 54.25% |
| EBITDA Margin | 40.48% |
| PAT Margin | 28.18% |
| Debt to Equity Ratio | 0.01 |
Objectives of the Proceeds
- Invest ₹260.92 million in human resources to strengthen talent pool globally.
- Spend ₹58.88 million for Capital Expenditure on Global Security Operations Centre.
- Utilise remaining funds for general corporate purposes and business expansion.
Key Financials (in ₹ Crore)
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 29.08 | 9.14 | 6.98 |
| Revenue | 30.23 | 15.36 | 7.59 |
| Profit After Tax | 8.40 | 3.24 | 0.94 |
| Reserves and Surplus | 16.68 | 4.79 | 1.55 |
| Total Borrowings | 0.01 | – | – |

SWOT Analysis of TechDefence Labs IPO
Strength and Opportunities
- Experienced promoters with strong cybersecurity expertise across sectors
- Comprehensive end-to-end solutions including MSSP and VAPT services
- CERT-In empanelment enhances credibility and regulatory compliance
- Continuous supply of skilled cybersecurity professionals ensures service quality
- Strong relationships with Fortune 500 clients provide business growth opportunities
Risks and Threats
- Highly competitive cybersecurity market with rapid technology changes
- Heavy dependence on key clients may impact revenue stability
- Expansion into international markets may face regulatory challenges
- High operational costs due to talent acquisition and retention
- Cybersecurity threats evolve constantly, requiring continuous innovation
Explore IPO Opportunities
Explore our comprehensive IPO pages to stay updated on the latest trends and insights.
About TechD Cybersecurity Limited
TechD Cybersecurity IPO Strengths
- Experienced promoters with proven expertise in global cybersecurity solutions.
- Comprehensive service offerings including MSSP, VAPT, SOC, consulting, and training.
- CERT-In empanelment enhances credibility and regulatory compliance for clients.
- Continuous availability of skilled cybersecurity talent ensures high-quality delivery.
- Strong relationships with Fortune 500 clients support business growth and market presence.
TechD Cybersecurity Limited Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹) | P/E (x) | RoNW (%) | P/BV Ratio |
| TechD Cybersecurity Ltd. | 16.44 | 16.44 | 40.55 | — | 37.93 | — |
| Peer Group | ||||||
| Sattrix Information Security | 6.27 | 6.27 | 53.72 | 29.64 | 11.08 | 3.11 |
| Tac Infosec Limited | 13.77 | 13.63 | 52.71 | 80.40 | 26.10 | 21.06 |
How to apply IPO with HDFC SKY?
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
- 1Login to your HDFC SKY Account
- 2Select Issue
- 3Enter Number of Lots and your Price.
- 4Enter UPI ID
- 5Complete Transaction on Your UPI App
FAQs On TechD Cybersecurity Limited IPO
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