Comparison between Kasturi Metal Composite IPO and TechDefence Labs IPO.
Kasturi Metal Composite IPO is a SME Bookbuilding IPO proposed to list at BSE SME while TechDefence Labs IPO is a SME Bookbuilding proposed to list at NSE SME.
| Kasturi Metal Composite IPO | TechDefence Labs IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Hem Securities Ltd. | GYR Capital Advisors Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Purva Sharegistry (India) Pvt.Ltd. |
| Market Maker | Hem Finlease Pvt.Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Kasturi Metal Composite IPO is up to ₹16.73 Cr whereas the issue size of the TechDefence Labs IPO is up to ₹37.03 Cr. The final issue price of Kasturi Metal Composite IPO is ₹64.00 per share and of TechDefence Labs IPO is ₹193.00 per share.
| Kasturi Metal Composite IPO | TechDefence Labs IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹61.00 per share | ₹183.00 per share |
| Issue Price (Upper) | ₹64.00 per share | ₹193.00 per share |
| Issue Price (Final) | ₹64.00 per share | ₹193.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 600 shares |
| Fresh Issue Size | 26,14,000 shares | 19,18,800 shares |
| Fresh Issue Size (Amount) | up to ₹16.73 Cr | up to ₹37.03 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 26,14,000 shares | 19,18,800 shares |
| Issue Size Total (Amount) | up to ₹16.73 Cr | up to ₹37.03 Cr |
Kasturi Metal Composite IPO opens on Jan 27, 2026, while TechDefence Labs IPO opens on Sep 15, 2025. The closing date of Kasturi Metal Composite IPO and TechDefence Labs IPO is Jan 29, 2026, and Sep 17, 2025, respectively.
| Kasturi Metal Composite IPO | TechDefence Labs IPO | |
|---|---|---|
| Anchor Bid Date | Jan 23, 2026 | Sep 12, 2025 |
| Issue Open | Jan 27, 2026 | Sep 15, 2025 |
| Issue Close | Jan 29, 2026 | Sep 17, 2025 |
| Basis Of Allotment (Tentative) | Jan 30, 2026 | Sep 18, 2025 |
| Initiation of Refunds (Tentative) | Feb 02, 2026 | Sep 19, 2025 |
| Credit of Share (Tentative) | Feb 02, 2026 | Sep 19, 2025 |
| Listing date (Tentative) | Feb 03, 2026 | Sep 22, 2025 |
| Anchor Lockin End date 1 | Feb 28, 2026 | Oct 18, 2025 |
| Anchor Lockin End date 2 | Apr 29, 2026 | Dec 17, 2025 |
Kasturi Metal Composite IPO P/E ratio is 23.59, as compared to TechDefence Labs IPO P/E ratio of 32.51.
| Kasturi Metal Composite IPO | TechDefence Labs IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated)TechD Cybersecurity Ltd.'s revenue increased by 97% and profit after tax (PAT) rose by 159% between the financial year ending with March 31, 2025 and March 31, 2024.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 92.35 | 86.61 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 67.90 | 63.22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 23.59 | 32.51 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹66.53 Cr. | ₹144.36 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 13.80 | 62.33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 13.76 | 54.25 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.74 | 0.01 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.71 | ₹5.94 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 11.54 | 37.93 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Kasturi Metal Composite IPO Retail Individual Investors (RII) are offered 9,16,000 shares while in TechDefence Labs IPO retail investors are offered 9,16,000 shares. Qualified Institutional Buyers (QIB) are offered 5,22,000 shares in Kasturi Metal Composite IPO and 3,84,000 shares in TechDefence Labs IPO.
| Kasturi Metal Composite IPO | TechDefence Labs IPO | |
|---|---|---|
| Anchor Investor Reservation | 7,82,000 shares | 5,74,800 shares |
| Market Maker Reservation | 1,38,000 shares | 1,01,400 shares |
| QIB | 5,22,000 shares | 3,84,000 shares |
| NII | 3,94,000 shares | 2,88,000 shares |
| RII | 9,16,000 shares | 6,72,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 26,14,000 shares | 19,18,800 shares |
Kasturi Metal Composite IPO subscribed 17.75x in total, whereas TechDefence Labs IPO subscribed 718.30x.
| Kasturi Metal Composite IPO | TechDefence Labs IPO | |
|---|---|---|
| QIB (times) | 4.00x | 284.17x |
| NII (times) | 38.88x | 1,279.03x |
| Big NII (times) | 46.95x | 1,517.95x |
| Small NII (times) | 22.88x | 801.19x |
| RII (times) | 16.49x | 726.06x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 17.75x | 718.30x |
