Bookbuilding IPO | ₹39 Cr | Listed at NSE SME | Mon, Sep 15, 2025 - Wed, Sep 17, 2025
TechDefence Labs IPO is a book build issue of ₹38.99 crores. The issue is entirely a fresh issue of 0.20 crore shares of ₹38.99 crore.
TechDefence Labs IPO bidding started from Sep 15, 2025 and ended on Sep 17, 2025. The allotment for TechDefence Labs IPO was finalized on Sep 18, 2025. The shares got listed on NSE SME on Sep 22, 2025.
TechDefence Labs IPO price band is set at ₹193 per share. The lot size for an application is 600. The minimum amount of investment required by an individual investor (retail) is ₹2,31,600 (1,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (1,800 shares), amounting to ₹3,47,400.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to TechDefence Labs IPO RHP for detailed Information.
IPO Open
Mon, Sep 15, 2025
IPO Close
Wed, Sep 17, 2025
Issue Price
₹193 per share
Market Cap (Pre-IPO)
₹144.36 Cr
| IPO Date | 15 to 17 Sep, 2025 |
| Listed on | Mon, Sep 22, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹183 to ₹193 |
| Issue Price | ₹193 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 20,20,200 shares (agg. up to ₹39 Cr) |
| Reserved for Market Maker | 1,01,400 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 19,18,800 shares (agg. up to ₹37 Cr) |
| Net Offered to Public | 19,18,800 shares (agg. up to ₹37 Cr) |
| Share Holding Pre Issue | 54,59,533 shares |
| Share Holding Post Issue | 74,79,733 shares |
| NSE Symbol | TECHD |
| ISIN | INE0Y5H01014 |
TechDefence Labs IPO comprises a total issue size of 20,20,200 shares. The net offer to the public is 19,18,800 shares, after excluding 1,01,400 shares allotted on a firm basis. Of the Net offer 9,58,800 (49.97%) are allocated to QIB, 2,88,000 (15.01%) allocated to NII 6,72,000 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 9,58,800 | 49.97% | 47.46% |
| − Anchor Investor Shares Offered | 5,74,800 | 28.45% | |
| − QIB (Ex. Anchor) Shares Offered | 3,84,000 | 19.01% | |
| NII (HNI) Shares Offered | 2,88,000 | 15.01% | 14.26% |
| − bNII > ₹10L | 1,92,000 | 9.50% | |
| − sNII < ₹10L | 96,000 | 4.75% | |
| Retail Shares Offered | 6,72,000 | 35.02% | 33.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,01,400 | 5.02% | |
| Total Shares Offered | 20,20,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples of 600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1,200 | ₹2,31,600 |
| Individual investors (Retail) (Max) | 2 | 1,200 | ₹2,31,600 |
| S-HNI (Min) | 3 | 1,800 | ₹3,47,400 |
| S-HNI (Max) | 8 | 4,800 | ₹9,26,400 |
| B-HNI (Min) | 9 | 5,400 | ₹10,42,200 |
TechDefence Labs IPO raises ₹11.09 crore from anchor investors. TechDefence Labs IPO Anchor bid date is September 12, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Sep 12, 2025 |
| Shares Offered | 5,74,800 |
| Anchor Portion (₹ Cr.) | 11.09 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Oct 18, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Dec 17, 2025 |
Established in January 2017 TechDefence Labs Solutions Limited is a cybersecurity firm specializing in safeguarding digital assets for organizations worldwide.
The company offers solutions for end-to-end services to enterprises to help businesses stay secure in the digital world.
The company provides a wide range of services, including MSSP solutions, Cyber Program Management, VAPT, Compliance Services, Specialised Services, and Staff Augmentation to meet diverse client needs.
Clients such as Adani Group, Zensar Technologies, Astral Limited, Kedia Capital, 1 Cyber Valley, ETO GRUPPE Technologies GmbH, and IQM Corporation benefit from the company's cutting-edge solutions that enhance their cyber resilience.
The company offers a comprehensive suite of services, including:
As of June 30, 2025, the Company has 147 employees on payroll.
Competitive Strength:
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.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 29.08 | 9.14 | 6.98 |
| Total Income | 30.23 | 15.36 | 7.59 |
| Profit After Tax | 8.40 | 3.24 | 0.94 |
| EBITDA | 12.24 | 4.91 | 1.36 |
| NET Worth | 22.14 | 4.80 | 1.56 |
| Reserves and Surplus | 16.68 | 4.79 | 1.55 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in Human resources | 26.09 |
| 2 | Capital Expenditure for setting up Global Security Operation Centre (GSOC) at Ahmedabad | 5.89 |
| 3 | General Corporate Purpose | 3.61 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 62.33% |
| ROCE | 54.25% |
| Debt/Equity | 0.01 |
| RoNW | 37.93% |
| PAT Margin | 28.18% |
| EBITDA Margin | 40.48% |
| Price to Book Value | 4.76 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.94 | 11.45 |
| P/E (x) | 32.51 | 16.85 |
| Promoter Holding | 86.61% | 63.22% |
| Market Cap | ₹144.36 Cr. |
The TechDefence Labs IPO is subscribed 718.30 times on September 17, 2025 6:20:00 PM (Day 3). The public issue subscribed 726.06 times in the individual investors category, 284.17 times in the QIB category, and 1,279.03 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 284.17 | 3,84,000 | 10,91,22,000 | 189 |
| NII* | 1,279.03 | 2,88,000 | 36,83,60,400 | 85,900 |
| bNII (bids above ₹10L) | 1,517.95 | 1,92,000 | 29,14,46,400 | |
| sNII (bids below ₹10L) | 801.19 | 96,000 | 7,69,14,000 | |
| Individual Investors | 726.06 | 6,72,000 | 48,79,11,600 | 4,06,593 |
| Total | 718.30 | 13,44,000 | 96,53,94,000 | 4,92,682 |
Total Application : 4,92,682
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees | 0.25 |
| 2 | Underwriting Fees | 1.95 |
| 3 | Fees payable to the Market maker to the Issue | 0.04 |
| 4 | Fees payable to the Registrar to the Issue | 0.08 |
| 5 | Fees payable for Advertising and Publishing Expense | 0.15 |
| 6 | Fees payable to Regulators including Stock Exchange & Depositories | 0.27 |
| 7 | Payment for Printing & Stationary, Postage etc. | 0.00 |
| 8 | Fees payable to statutory auditors, Legal Advisors & other Professionals | 0.39 |
| 9 | Other Expense | 0.27 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹193.00 |
| Open | ₹366.70 |
| Low | ₹366.70 |
| High | ₹385.00 |
| Last Trade | ₹385.00 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
TechDefence Labs IPO is a SME IPO of 20,20,200 equity shares of the face value of ₹10 aggregating up to ₹39 Crores. The issue is priced at ₹193 per share. The minimum order quantity is 600.
The IPO opens on Mon, Sep 15, 2025, and closes on Wed, Sep 17, 2025.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in TechDefence Labs IPO using UPI as a payment gateway. Zerodha customers can apply in TechDefence Labs IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in TechDefence Labs IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The TechDefence Labs IPO opens on Mon, Sep 15, 2025 and closes on Wed, Sep 17, 2025.
TechDefence Labs IPO lot size is 600, and the minimum amount required for application is ₹2,31,600, with 2 lots being the minimum application size.
You can apply in TechDefence Labs IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for TechDefence Labs IPO will be done on Thursday, September 18, 2025, and the allotted shares will be credited to your demat account by Fri, Sep 19, 2025. Check the TechDefence Labs IPO allotment status.
The TechDefence Labs IPO listing date is on Mon, Sep 22, 2025.
