TechD Cybersecurity IPO Date, Review, Price, Allotment Details

TechD Cybersecurity IPO Details

IPO Open Date	September 15, 2025
IPO Close Date	September 17, 2025
Face Value	₹10 Per Equity Share
IPO Price Band	₹183 to ₹193 Per Share
Issue Size	Approx ₹38.99 Crores
Fresh Issue	Approx ₹38.99 Crores
Lot Size	600 Shares
Issue Type	Book Built Issue
IPO Listing	NSE SME
DRHP Draft Prospectus
RHP Draft Prospectus

TechD Cybersecurity Review & Key Points

• Review: The experience of the founder Mr. Sunny Vaghela, a key investor Mr. Vijay Kedia, the profit rising over the years, stable financials, lower deb to equity ratio and the highly active grey market we expect the IPO to hit the market with higher subscriptions.
  
• The company operates in the cybersecurity sector that is becoming critical for businesses and government organizations in India.
• Founder Sunny Vaghela is very experienced in cybersecurity domain while Mr. Vijay Kedia is one of the key investors in the company that will boost the confidence in the company’s growth potential.
• Setting up a one of the largest Global Security Operations Centre (GSOC) at Ahmedabad to enlarge its operations.
• We expect a strong demand in cybersecurity globally (rising cyber threats, regulatory pressures) where TechD can scale well outside India. 
• The financial growth looks promising with PAT reported at ₹8.40 crores increased at 158% YOY and Debt to Equity ratio is just 0.01 which looks superb.
• Company’s large portion of revenue are coming from a few major customers like Adani Group, Zensar Technologies Limited, Astral Limited, Kedia Capital, 1 Cyber Valley, ETO GRUPPE Technologies GmbH, and IQM Corporation.

TechD Cybersecurity IPO Market Lot

The TechD Cybersecurity IPO minimum market lot is 1,200 shares with ₹2,31,600 application amount.

IPO Reservation

TechD Cybersecurity IPO Anchor Investors

Anchor Bidding Date	September 12, 2025
Anchor Investors List
Shares Offered	5,74,800 Shares
Anchor Size	11.09 Cr.
lock-in period end date 50% shares (30 Days)	October 18, 2025
lock-in period end date 50% shares (90 Days)	December 17, 2025

TechD Cybersecurity IPO Dates

The TechD Cybersecurity IPO date is September 15 and the close date is September 17. The TechD Cybersecurity IPO allotment will be finalized on September 18 and the IPO listing on September 22.

Promoters and Holding Pattern

The promoters of the company are Abhiraj Singh Bhal, Raghav Chandra and Varun Khaitan.

Objects of the Issue & Utilisation of proceeds

About TechD Cybersecurity

Since January 2017, TechD Cybersecurity Ltd, previously known as TechDefence Labs, has been focused on one goal: delivering smart and secure cybersecurity services. Furthermore, the company offers Managed Security Services Provider (MSSP) solutions, Cyber Program Managed Services, Vulnerability Assessment and Penetration Testing (VAPT), Compliance Services, Specialized Services, and Staff Augmentation Services to meet diverse client needs. The clientele includes big brands like Adani Group, Zensar Technologies Limited, Astral Limited, Kedia Capital, 1 Cyber Valley, ETO GRUPPE Technologies GmbH, and IQM Corporation.

The company also has skilled and experienced founders, promoters, and investors, as given below. 

Founder and Promoter: Sunny Vaghela, who is an Ethical Hacker and an Indian Entrepreneur, along with 15 years of experience in It & information security. Mr. Sunny has been leading the training team at Techdefence for over 7 years. He has conducted more than 650 workshops and trained 80,000+ students and professionals from universities and companies. 

Mr. Vijay Kishanlal Kedia, one of the key investors, holds 3,93,100 (7.20%) equity shares in TechD Cybersecurity Ltd. 

The company has signed a Lease and License Agreement, wherein the lease is signed for 9 years, covering 66,681 sq. ft., wherein 30,000 sq ft will be prepared as a PEB structure (Pre-Engineered Building) on the leased land located at Survey Nos. 866/2, 877, T.P. 221, New Science City Road, Opposite Fungerito Game Zone, Ognaj, Ahmedabad, with the cost of around ₹614.90 lakhs. Moreover, this cost would come from internal funds, and the facility will have space for 400 employees. 

The company is going to launch an IPO with the aim of spending on HR (Human Resources) and setting up a Global Security Operations Centre (GSOC) at Ahmedabad to enlarge its operations. 

Further, the company has a plan to invest approximately Upto 2,609.23 lakhs in the Human Resource with the goal of growing business in India and overseas by hiring skilled people in important departments. 

Global Security Operations Centre (GSOC) development in Ognaj, Ahmedabad, will serve as a critical hub for 24×7 Managed Security Services. They will provide proactive cybersecurity monitoring, threat intelligence, and risk management solutions to clients across India and global markets.

Financial Report

The company reported revenue of ₹30.23 crores in 2025 against ₹15.36 crores in 2024. The company reported profit of ₹8.40 crores in 2025 against profit of ₹3.24 crores in 2024.

Amount ₹ in Crores

IPO Valuation – FY2025

Check TechD Cybersecurity IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group Comparison

IPO Lead Managers aka Merchant Bankers

• GYR Capital Advisors Pvt.Ltd. 

TechD Cybersecurity IPO FAQs