Comparison between Gabion Technologies IPO and TechDefence Labs IPO.
Gabion Technologies 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.
| Gabion Technologies 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 | GYR Capital Advisors Pvt.Ltd. | GYR Capital Advisors Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | Purva Sharegistry (India) Pvt.Ltd. |
| Market Maker | Giriraj Stock Broking 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 Gabion Technologies IPO is up to ₹27.70 Cr whereas the issue size of the TechDefence Labs IPO is up to ₹37.03 Cr. The final issue price of Gabion Technologies IPO is ₹81.00 per share and of TechDefence Labs IPO is ₹193.00 per share.
| Gabion Technologies IPO | TechDefence Labs IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹76.00 per share | ₹183.00 per share |
| Issue Price (Upper) | ₹81.00 per share | ₹193.00 per share |
| Issue Price (Final) | ₹81.00 per share | ₹193.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 600 shares |
| Fresh Issue Size | 34,19,200 shares | 19,18,800 shares |
| Fresh Issue Size (Amount) | up to ₹27.70 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 | 34,19,200 shares | 19,18,800 shares |
| Issue Size Total (Amount) | up to ₹27.70 Cr | up to ₹37.03 Cr |
Gabion Technologies IPO opens on Jan 06, 2026, while TechDefence Labs IPO opens on Sep 15, 2025. The closing date of Gabion Technologies IPO and TechDefence Labs IPO is Jan 08, 2026, and Sep 17, 2025, respectively.
| Gabion Technologies IPO | TechDefence Labs IPO | |
|---|---|---|
| Anchor Bid Date | Jan 05, 2026 | Sep 12, 2025 |
| Issue Open | Jan 06, 2026 | Sep 15, 2025 |
| Issue Close | Jan 08, 2026 | Sep 17, 2025 |
| Basis Of Allotment (Tentative) | Jan 09, 2026 | Sep 18, 2025 |
| Initiation of Refunds (Tentative) | Jan 12, 2026 | Sep 19, 2025 |
| Credit of Share (Tentative) | Jan 12, 2026 | Sep 19, 2025 |
| Listing date (Tentative) | Jan 13, 2026 | Sep 22, 2025 |
| Anchor Lockin End date 1 | Feb 07, 2026 | Oct 18, 2025 |
| Anchor Lockin End date 2 | Apr 08, 2026 | Dec 17, 2025 |
Gabion Technologies IPO P/E ratio is 12.18, as compared to TechDefence Labs IPO P/E ratio of 32.51.
| Gabion Technologies IPO | TechDefence Labs IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)Gabion Technologies India Ltd.'s revenue decreased by 4% and profit after tax (PAT) rose by 14% 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.
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| Promoter Shareholding (Pre-Issue) | 100 | 86.61 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.47 | 63.22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 12.18 | 32.51 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹109.96 Cr. | ₹144.36 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 62.33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 19.17 | 54.25 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.12 | 0.01 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.65 | ₹5.94 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 30.05 | 37.93 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Gabion Technologies IPO Retail Individual Investors (RII) are offered 12,00,000 shares while in TechDefence Labs IPO retail investors are offered 12,00,000 shares. Qualified Institutional Buyers (QIB) are offered 6,83,200 shares in Gabion Technologies IPO and 3,84,000 shares in TechDefence Labs IPO.
| Gabion Technologies IPO | TechDefence Labs IPO | |
|---|---|---|
| Anchor Investor Reservation | 10,22,400 shares | 5,74,800 shares |
| Market Maker Reservation | 1,80,800 shares | 1,01,400 shares |
| QIB | 6,83,200 shares | 3,84,000 shares |
| NII | 5,13,600 shares | 2,88,000 shares |
| RII | 12,00,000 shares | 6,72,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 34,19,200 shares | 19,18,800 shares |
Gabion Technologies IPO subscribed 826.00x in total, whereas TechDefence Labs IPO subscribed 718.30x.
| Gabion Technologies IPO | TechDefence Labs IPO | |
|---|---|---|
| QIB (times) | 271.13x | 284.17x |
| NII (times) | 1,467.78x | 1,279.03x |
| Big NII (times) | 1,780.71x | 1,517.95x |
| Small NII (times) | 841.91x | 801.19x |
| RII (times) | 867.23x | 726.06x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 826.00x | 718.30x |
