TechDefence Labs IPO
GMP, Subscription, Price, Dates & Financial Details
Established in January 2017, TechDefence Labs Solutions Limited is a cybersecurity company dedicated to safeguarding digital assets and strengthening cyber resilience for organizations across the globe.The company delivers end-to-end cybersecurity services that help enterprises stay protected in…
Open Date
Mon, 15 Sep 2025
Close Date
Wed, 17 Sep 2025
Price Band
₹ 183 – 193
Lot Size
600
Issue Size
₹ 38.99 Cr
Minimum Investment
₹ 231,600 (1200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
TechDefence Labs IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹38.99 Crore, comprising a fresh issue of 20.20 Lakh equity shares aggregating to ₹38.99 Crore.
The TechDefence Labs IPO remained open for subscription from September 15, 2025, to September 17, 2025. The basis of allotment was finalized on September 18, 2025, and the company's shares were listed on NSE SME Platform on September 22, 2025.
The company had fixed the price band at ₹183 to ₹193 per share, with a lot size of 600 shares. Retail investors were required to make a minimum investment of ₹231,600 (based on the upper price band) to apply for one lot.
Purva Sharegistry India Pvt Ltd served as the registrar to the issue. GYR Capital Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, TechD Cybersecurity Ltd is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
TechDefence Labs IPO Timeline (Tentative)
- IPO Open Date
- Mon, 15 Sep 25
- IPO Close Date
- Wed, 17 Sep 25
- Basis of Allotment
- Thu, 18 Sep 25
- Initiation of Refunds
- Fri, 19 Sep 25
- Credit of Shares to Demat
- Fri, 19 Sep 25
- Listing Date
- Mon, 22 Sep 25 — NSE & BSE
Open Date
15 September 2025
Close Date
17 September 2025
Basis Of Allotment
18 September 2025
Listing Date
22 September 2025
IPO Subscription
Check Live Subscription →The TechDefence Labs IPO has received bids for 96,54,96,600 shares against 13,44,000 shares offered, resulting in an overall subscription of 718.38x. the NII category is subscribed 1,279.38x, Retail Investors 726.06x, and QIBs 284.17x. Within the NII category, BNII is subscribed 1,518.48x, while SNII is subscribed 801.19x.
QIB
284.17x
NII
1279.38x
BNII
1518.48x
SNII
801.19x
RII
726.06x
Total
718.38x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 6,72,000 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 3,84,000 shares (28.57%), while Non-Institutional Investors (NIIs) receive 2,88,000 shares (21.43%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 384,000 | 28.57% |
| Non-Institutional | 288,000 | 21.43% |
| BNII | 192,000 | 14.29% |
| SNII | 96,000 | 7.14% |
| Retail Investors | 672,000 | 50% |
| Total | 1,344,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 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 | 8.4 | 3.24 | 0.94 |
| Net Worth | 0 | 0 | 0 |
| Reserve & Surplus | 16.68 | 4.79 | 1.55 |
| Total Borrowings | 0 | 0 | 0 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
TechD Cybersecurity Ltd KPI Information
| Particular | KPI As On |
|---|---|
| ROE % | 62.33 |
| ROCE % | 54.25 |
| Debt / Equity | 0.01 |
| RoNW % | 37.93 |
| Pat Margin % | 40.48 |
Peers Comparison
No Peer Comparision Available
About TechD Cybersecurity Ltd
Established in January 2017, TechDefence Labs Solutions Limited is a cybersecurity company dedicated to safeguarding digital assets and strengthening cyber resilience for organizations across the globe.
The company delivers end-to-end cybersecurity services that help enterprises stay protected in the ever-evolving digital landscape. Its diverse service portfolio includes MSSP solutions, Cyber Program Management, Vulnerability Assessment & Penetration Testing (VAPT), Compliance Services, Specialized Services, and Staff Augmentation, tailored to meet varied client requirements.
Renowned organizations such as Adani Group, Zensar Technologies, Astral Limited, Kedia Capital, 1 Cyber Valley, ETO GRUPPE Technologies GmbH, and IQM Corporation rely on TechDefence Labs’ cutting-edge solutions to secure their operations and mitigate risks.
Service Offerings
- Vulnerability Assessment & Penetration Testing (VAPT): Detecting and addressing security weaknesses in web and mobile applications.
- Security Operations Center (SOC) Services: Providing 24/7 monitoring and threat detection with rapid incident response.
- Cybersecurity Consulting: Delivering expert advisory on compliance, security frameworks, and risk management strategies.
- Domain Training: Conducting workshops and bootcamps to equip professionals with the latest cybersecurity knowledge and defense practices.
As of June 30, 2025, the company employs 147 professionals, reinforcing its capability to serve a growing global clientele.
TechDefence Labs IPO Promoters
- Mr. Sunny Piyushkumar Vaghela
- Mr. Vaghela Piyush Rasiklal
Promoters Holding
Holding Pre Issue
86.61%
Holding Post Issue
0.00%
TechDefence Labs IPO Objective
The Company TechDefence Labs Solutions IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Investment in Human Resource
- Capital Expenditure for setting up Global Security Operation Centre (GSOC) at Ahmedabad
- General Corporate Purpose
TechD Cybersecurity Ltd Address / Contact Details
TechD Cybersecurity Ltd.
Office No. 901, 902, 903, 904 & 908,
Abhishree Adroit, Nr. Swaminarayan Temple
Vastrapur Ahmedabad, Gujarat, 380015
Phone: +91 08645628421
Email: info@techdefence.com
Website: https://www.techdefencelabs.com/
IPO Snapshot
TechDefence Labs IPO Lot Size
The TechDefence Labs IPO has a lot size of 600 shares. Retail investors require a minimum investment of ₹2,31,600 by applying for 2 lot (1,200 shares). The maximum application allowed for the retail category is 2 lots (1,200 shares), requiring an investment of ₹2,31,600.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | 231,600.00 |
| Retail (Max) | 2 | 1,200 | 231,600.00 |
| S-HNI (Min) | 3 | 1,800 | 347,400.00 |
| S-HNI (Max) | 8 | 4,800 | 926,400.00 |
| B-HNI (Min) | 9 | 5,400 | 1,042,200.00 |
Issue Reservation
- QIB — 28.57%
- NII — 21.43%
- RII — 50%
Book Running Lead Managers
- GYR Capital Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the TechDefence Labs IPO?
TechDefence Labs IPO is a Book-building IPO with a total issue size of ₹38.99 crore. The TechDefence Labs IPO price band is ₹183 to 193 per share. The TechDefence Labs IPO subscription opens on Mon, Sep 15, 2025, and closes on Wed, Sep 17, 2025. The TechDefence Labs IPO will be listed on the NSE. Purva Sharegistry India Pvt Ltd is the registrar for the TechDefence Labs IPO.
When will the TechDefence Labs IPO open for subscription?
The TechDefence Labs IPO opens on Mon, Sep 15, 2025 and closes on Wed, Sep 17, 2025
What is TechDefence Labs IPO Price Band?
TechDefence Labs IPO Price Band is ₹183 to 193 per share.
What is TechDefence Labs IPO Lot Size?
TechDefence Labs IPO lot size is 600 shares, Retail investors need a minimum investment of ₹231600 based on the upper price band
What is the minimum investment for TechDefence Labs IPO?
The minimum investment for TechDefence Labs IPO is ₹231600, based on one lot of 600 shares at the upper price band of ₹193 per share.
How to apply for TechDefence Labs IPO?
Investors can apply for the TechDefence Labs IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Sep 17, 2025. The application amount remains blocked until the TechDefence Labs IPO allotment is finalized.
What is TechDefence Labs IPO Issue Size?
TechDefence Labs IPO issue size is ₹38.99 crores.
What is the TechDefence Labs IPO Allotment Date?
TechDefence Labs IPO allotment date is Thu, Sep 18, 2025.
Who is the TechDefence Labs IPO Registrar?
The registrar for TechDefence Labs IPO is Purva Sharegistry India Pvt Ltd. Investors can go to Purva Sharegistry India Pvt Ltd website to check TechDefence Labs IPO allotment status, refund processing, and other IPO-related information.
What is the TechDefence Labs IPO GMP?
The TechDefence Labs IPO GMP (Grey Market Premium) is ₹210 as of Mon, Sep 22, 2025. Based on the upper price band of ₹193 per share, the estimated TechDefence Labs IPO listing price is ₹403, indicating a potential listing gain of approximately 108.81% over the issue price.
Who is the TechDefence Labs IPO Lead Manager?
The book-running lead managers (BRLMs) for the TechDefence Labs IPO are GYR Capital Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the TechDefence Labs IPO Red Herring Prospectus (RHP).