TechD Cybersecurity was incorporated on January 19, 2017. The company is a customer-focused cybersecurity solutions provider offering end-to-end services. Its offerings include MSSP solutions, Cyber Program Managed Services, VAPT, Compliance Services, Specialized Services, and Staff Augmentation tailored to diverse client needs
| Bidding Dates |
|---|
| 15 Sep 2025 - 17 Sep 2025 |
| Subscription |
|---|
| 667.98x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,19,600 | 2 | 2 | 600 | 2.0 M | ₹183 - ₹193 | 63.22 % | ₹369.7 M - ₹389.9 M | RHP DOC |
TechD Cybersecurity IPO SUBSCRIPTION STATUS
17 Sep '25TechD Cybersecurity IPO overall subscription rate was 667.98 times the total available shares
TechD Cybersecurity IPO retail subscription rate was 964.46 times in the retail segment
TechD Cybersecurity IPO non-institutional investor subscription rate was 1699.47 times in the non-institutional investor category
TechD Cybersecurity IPO Qualified Institutional Bidder subscription rate was 150.99 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
17 Sep 2025 (Day 3) | 964.46x | 1699.47x | 150.99x |
16 Sep 2025 (Day 2) | 149.81x | 230.03x | 3.97x |
15 Sep 2025 (Day 1) | 26.64x | 20.58x | 0.23x |
TechD Cybersecurity FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 29.8 | 8.4 | -2.4 | -5.2 | 40.5% |
| FY24 | 15.1 | 3.2 | -1.2 | -1.3 | 32.0% |
| FY23 | 7.6 | 0.9 | 0.0 | -0.3 | 17.9% |
TechD Cybersecurity IPO SUBSCRIPTION STATUS DETAILS
TechD Cybersecurity had 2.0 M shares on offer
TechD Cybersecurity IPO offer price was in the range ₹183 - ₹193
TechD Cybersecurity IPO minimum Investment was ₹219600
TechD Cybersecurity IPO issue size was ₹ 369.7 M - ₹ 389.9 M
TechD Cybersecurity had a minimum lot size of 600 Shares per application
TechD Cybersecurity NUMBER OF SHARES ON OFFER
TechD Cybersecurity IPO IMPORTANT DATES
| Issue Open Date | 15 Sep 2025 |
| Issue close Date | 17 Sep 2025 |
| Allotment Date | 18 Sep 2025 |
| Refund Date | 19 Sep 2025 |
| Demat Account Credit Date | 19 Sep 2025 |
| Listing Date | 22 Sep 2025 |
| Listing on Exchange(s) | NSE |
| TechD Cybersecurity Allotment Status | Exchange/ Registrar |
TechD Cybersecurity IPO subscription opened on 15 Sep 2025, and closed on 17 Sep 2025
IPO allotment for TechD Cybersecurity was finalized on Thursday, 18 Sep 2025
IPO listing for TechD Cybersecurity was on NSE on Monday, 22 Sep 2025
TechD Cybersecurity IPO LISTING GAINS
| Issue Price (adjusted) | 193.0 |
| Listing Open Price | 366.7 |
| Listing Close Price | 385.0 |
| Listing Gain% | 90.0% |
| Current Gain% | 201.5% |
TechD Cybersecurity Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TechD Cybersecurity Ltd. | 581.9 | 435.2 | 31 | 0.5 | 8.2 | 19.5 | 16.5 | 53.3 | 76.2 | 14 | 67.2 | 18.8 | 67.2 |
| Tata Consultancy Services Ltd. | 2425.7 | 877639.5 | 17.6 | 16.5 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1183 | 480068.1 | 15.9 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1357.2 | 368298.6 | 21.1 | 8 | 2.7 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 185.5 | 183726.5 | 13.9 | -7.7 | 1.9 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1640 | 160733.9 | 31.3 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
TechD Cybersecurity INFORMATION ON IPO ISSUE
About TechD Cybersecurity
TechD Cybersecurity was incorporated on January 19, 2017. The company is a customer-focused cybersecurity solutions provider offering end-to-end services. Its offerings include MSSP solutions, Cyber Program Managed Services, VAPT, Compliance Services, Specialized Services, and Staff Augmentation tailored to diverse client needs
Object of the Issue
- Investment in human resources
- Capital expenditure for setting up Global Security Operation Centre (GSOC) at Ahmedabad
- General corporate purposes
TechD Cybersecurity - PROMOTERS
| Name |
|---|
| Sunny Piyushkumar Vaghela |
| Vaghela Piyush Rasiklal |
TechD Cybersecurity - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Sunny Piyushkumar Vaghela | Chairman & Managing Director |
| Piyush Rasiklal Vaghela | Executive Director |
| Manan Dinesh Pancholi | Non – Executive Director |
| Vandana Nagpal | Independent Director |
| Mukeshkumar Devichand Jain | Independent Director |
| Hemant Mishra | Independent Director |
TechD Cybersecurity Book Running Lead Manager
GYR Capital Advisors Private Limited
info@gyrcapitaladvisors.com
TechD Cybersecurity Registrar to the issue
Purva Sharegistry (India) Private Limited
newissue@purvashare.com
TechD Cybersecurity Strengths
Comprehensive & Integrated service
The company's key strength lies in its comprehensive cybersecurity services, spanning VAPT, SOC monitoring, compliance consulting, and staff augmentation. Its one-stop approach and integration with trusted security products allow clients to address all cybersecurity needs under a single contract, ensuring reliable and competitive protection solutions
Skilled talent development
The company's partnerships with universities and in-house training programs ensure a steady pool of skilled cybersecurity professionals. Continuous talent development equips its teams to handle evolving threats, enabling efficient scaling and serving as a key differentiator in a competitive market
CERT-In empanelment & market trust
The company's empanelment with CERT-In provides a competitive edge, enhancing trust with government and large enterprise clients and ensuring compliance with stringent cybersecurity regulations, especially in sectors like BFSI, NBFC, and government
TechD Cybersecurity Risks
Employee intensive industry
Being a highly employee-intensive industry, Techdefence’s employee benefit expenses form a major part of its costs, impacting profitability. As of June 30, 2025, the company had 147 employees, and any slowdown in client projects could affect employee utilization and operational efficiency
Regulatory & compliance risks
The company operates in a regulatory environment with evolving laws on privacy, data protection, and related matters. Changes in these laws could increase costs, lead to penalties, require changes in business practices, or reduce customer engagement, potentially harming the business
Cyber security risks
The company handles large volumes of sensitive customer data and relies on third-party tools for secure data transmission. Any security breach or fraud, including failures in third-party security measures, could compromise confidential information and adversely impact the business
IPO FAQs
The promoters of the company are Sunny Piyushkumar Vaghela and Vaghela Piyush Rasiklal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 183.0 - 193.0.
The IPO application opens on Sep 15, 2025 and closes on Sep 17, 2025.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 219,600.0, the maximum value for this IPO is Rs 231,600.0.
This IPO will be allotted on Sep 18, 2025.
The refund will be credited to your account on Sep 19, 2025.
The allotted shares will be credited to your demat on Sep 19, 2025.
TechD Cybersecurity Ltd.’s shares listed on the stock exchanges on Sep 22, 2025.