IPO Details
Bidding Dates
15 Sept 25 - 17 Sept 25
Price Range ₹
183 - 193
Total Equity
₹ 0.00Cr
Lot Size
1200
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
15 Sept 2025
Offer end
17 Sept 2025
Allotment
18 Sept 2025
Refund initiation
19 Sept 2025
Demat transfer
19 Sept 2025
Listing
22 Sept 2025
Offer start
15 Sept 2025
Offer end
17 Sept 2025
Allotment
18 Sept 2025
Refund initiation
19 Sept 2025
Demat transfer
19 Sept 2025
Listing
22 Sept 2025
About Company
TechD Cybersecurity Ltd. (formerly TechDefence Labs Solutions Limited), established in January 2017, is a fast-growing cybersecurity company focused on safeguarding digital assets and enabling enterprises to stay secure in an evolving digital environment. The company delivers a wide range of integrated services, including MSSP solutions, Cyber Program Management, Vulnerability Assessment and Penetration Testing (VAPT), compliance and consulting, specialized security services, and staff augmentation. It also offers Security Operations Center (SOC) services, cybersecurity training programs, and domain workshops, catering to diverse needs across industries. TechD has built a strong client portfolio comprising leading organizations such as Adani Group, Zensar Technologies, Astral Limited, Kedia Capital, ETO GRUPPE Technologies GmbH, and IQM Corporation, underscoring its proven track record and industry trust. As of June 30, 2025, the company employs 147 professionals. Its competitive strengths lie in its experienced promoters and management team, CERT-In empanelment, strong OEM partnerships, ability to continuously supply skilled cybersecurity talent, and a comprehensive service offering that enhances client resilience against evolving threats.
Year Founded
19-01-2017
Promotor Details
Sunny Piyushkumar Vaghela
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 87 | 0 |
| Share Capital | 4750000 | 0 |
Project Details
- Capital Expenditure for setting up Global Security Operation Centre (GSOC) at Ahmedabad - 58.88cr
- Investment in Human Resources - 260.92cr
Objectives
- Our Company proposes to utilize the Net Proceeds from the Issue towards the following objects:Investment in Human resourcesCapital Expenditure for setting up Global Security Operation Centre (GSOC) at AhmedabadGeneral Corporate Purpose
Highlights
- Revenue up 97% and PAT up 159% YoY (FY24–FY25), showing rapid scalability.
- Strong margins (EBITDA margin 40.48%, PAT margin 28.18%) with excellent return ratios (ROE 62.33%, ROCE 54.25%).
- Serves marquee clients like Adani Group, Zensar Technologies, Astral, and global firms, reflecting credibility.
- Offers end-to-end cybersecurity services (MSSP, VAPT, SOC, compliance, training), creating multiple revenue streams.
- Debt/Equity ratio of just 0.01 provides financial stability and growth flexibility.
Challenges
- Revenue of only ₹30.23 crore in FY25, making it relatively small compared to larger cybersecurity peers.
- Despite growth, the pre-IPO P/E of 32.5x may be considered expensive versus peers.
- Heavy reliance on a few large clients; loss of any major contract may impact financials.
- Cybersecurity is highly manpower-driven; scaling depends on attracting and retaining skilled professionals.
- Faces strong competition from global cybersecurity firms and domestic IT service majors entering this space.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 698.41 | 1.00 | 324.12 | 324.12 | 6.8236 |
| 2025 | 2,908.06 | 545.95 | 839.61 | 839.61 | 15.3789 |
| 2024 | 910.65 | 1.00 | 94.11 | 94.11 | 1.9813 |
| 2022 | 195.74 | 1.00 | 324.12 | 324.12 | 6.8236 |
