Comparison between Swastika Castal IPO and TechDefence Labs IPO.
Swastika Castal 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.
| Swastika Castal IPO | TechDefence Labs IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Horizon Management Pvt.Ltd. | GYR Capital Advisors Pvt.Ltd. |
| Registrar | Accurate Securities & Registry Pvt.Ltd. | Purva Sharegistry (India) Pvt.Ltd. |
| Market Maker | Horizon Financial Consultants Pvt.Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Swastika Castal IPO is up to ₹13.35 Cr whereas the issue size of the TechDefence Labs IPO is up to ₹37.03 Cr. The final issue price of Swastika Castal IPO is ₹65.00 per share and of TechDefence Labs IPO is ₹193.00 per share.
| Swastika Castal IPO | TechDefence Labs IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹183.00 per share | |
| Issue Price (Upper) | ₹193.00 per share | |
| Issue Price (Final) | ₹65.00 per share | ₹193.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 600 shares |
| Fresh Issue Size | 20,54,000 shares | 19,18,800 shares |
| Fresh Issue Size (Amount) | up to ₹13.35 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 | 20,54,000 shares | 19,18,800 shares |
| Issue Size Total (Amount) | up to ₹13.35 Cr | up to ₹37.03 Cr |
Swastika Castal IPO opens on Jul 21, 2025, while TechDefence Labs IPO opens on Sep 15, 2025. The closing date of Swastika Castal IPO and TechDefence Labs IPO is Jul 23, 2025, and Sep 17, 2025, respectively.
| Swastika Castal IPO | TechDefence Labs IPO | |
|---|---|---|
| Anchor Bid Date | Sep 12, 2025 | |
| Issue Open | Jul 21, 2025 | Sep 15, 2025 |
| Issue Close | Jul 23, 2025 | Sep 17, 2025 |
| Basis Of Allotment (Tentative) | Jul 24, 2025 | Sep 18, 2025 |
| Initiation of Refunds (Tentative) | Jul 25, 2025 | Sep 19, 2025 |
| Credit of Share (Tentative) | Jul 25, 2025 | Sep 19, 2025 |
| Listing date (Tentative) | Jul 28, 2025 | Sep 22, 2025 |
| Anchor Lockin End date 1 | Oct 18, 2025 | |
| Anchor Lockin End date 2 | Dec 17, 2025 |
Swastika Castal IPO P/E ratio is 14.8, as compared to TechDefence Labs IPO P/E ratio of 32.51.
| Swastika Castal IPO | TechDefence Labs IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)Swastika Castal Ltd.'s revenue increased by 30% and profit after tax (PAT) rose by 305% between the financial year ending with March 31, 2025 and March 31, 2024.
| 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) | 100 | 86.61 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.49 | 63.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 14.8 | 32.51 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹53.07 Cr. | ₹144.36 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 28.17 | 62.33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 32.74 | 54.25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.85 | 0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.39 | ₹5.94 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 24.70 | 37.93 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Swastika Castal IPO Retail Individual Investors (RII) are offered 10,28,000 shares while in TechDefence Labs IPO retail investors are offered 10,28,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Swastika Castal IPO and 3,84,000 shares in TechDefence Labs IPO.
| Swastika Castal IPO | TechDefence Labs IPO | |
|---|---|---|
| Anchor Investor Reservation | 5,74,800 shares | |
| Market Maker Reservation | 1,10,000 shares | 1,01,400 shares |
| QIB | 0 shares | 3,84,000 shares |
| NII | 10,26,000 shares | 2,88,000 shares |
| RII | 10,28,000 shares | 6,72,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 20,54,000 shares | 19,18,800 shares |
Swastika Castal IPO subscribed 5.08x in total, whereas TechDefence Labs IPO subscribed 718.30x.
| Swastika Castal IPO | TechDefence Labs IPO | |
|---|---|---|
| QIB (times) | 284.17x | |
| NII (times) | 2.42x | 1,279.03x |
| Big NII (times) | 1,517.95x | |
| Small NII (times) | 801.19x | |
| RII (times) | 7.75x | 726.06x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 5.08x | 718.30x |
