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 opens for subscription on Sep 15, 2025 and closes on Sep 17, 2025. The allotment for the TechDefence Labs IPO is expected to be finalized on Sep 18, 2025. TechDefence Labs IPO will list on NSE SME with a tentative listing date fixed as Sep 22, 2025.
TechDefence Labs IPO price band is set at ₹183.00 to ₹193.00 per share . The lot size for an application is 600. The minimum amount of investment required by an individual investor (retail) is ₹2,31,600.00 (1,200 shares) (based on upper price). The minimum lot size investment for 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 Date | September 15, 2025 to September 17, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹183 to ₹193 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 20,20,200 shares (aggregating up to ₹38.99 Cr) |
| Reserved for Market Maker | 1,01,400 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹1.96 Cr) |
| Net Offered to Public | 19,18,800 shares (aggregating up to ₹37.03 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 54,59,533 shares |
| Share Holding Post Issue | 74,79,733 shares |
TechDefence Labs IPO offers total 20,20,200 shares. Out of which 9,58,800 (47.46%) allocated to QIB, 3,84,000 (19.01%) allocated to QIB (Ex- Anchor), 2,88,000 (14.26%) allocated to NII, 6,72,000 (33.26%) allocated to RII and 5,74,800 (28.45%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,01,400 (5.02%) |
| QIB Shares Offered | 9,58,800 (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 (14.26%) |
| − bNII > ₹10L | 1,92,000 (9.50%) |
| − sNII < ₹10L | 96,000 (4.75%) |
| Retail Shares Offered | 6,72,000 (33.26%) |
| Total Shares Offered | 20,20,200 (100.00%) |
TechDefence Labs IPO raises ₹11.09 crore from anchor investors. TechDefence Labs IPO Anchor bid date is September 12, 2025.
| Bid Date | September 12, 2025 |
| Shares Offered | 5,74,800 |
| Anchor Portion Size (In Cr.) | 11.09 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 18, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 17, 2025 |
TechDefence Labs IPO opens on September 15, 2025, and closes on September 17, 2025.
| IPO Open Date | Mon, Sep 15, 2025 |
| IPO Close Date | Wed, Sep 17, 2025 |
| Tentative Allotment | Thu, Sep 18, 2025 |
| Initiation of Refunds | Fri, Sep 19, 2025 |
| Credit of Shares to Demat | Fri, Sep 19, 2025 |
| Tentative Listing Date | Mon, Sep 22, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 17, 2025 |
Investors can bid for a minimum of 1,200 shares and in multiples of 600 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1,200 | ₹2,31,600 |
| Individual investors (Retail) (Min) | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 market capitalization of TechDefence Labs IPO is ₹144.36 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 Rs | 5.94 | 11.45 |
| P/E (x) | 32.51 | 16.85 |
The Company TechDefence Labs Solutions IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Investment in Human resources | 260.92 |
| 2 | Capital Expenditure for setting up Global Security Operation Centre (GSOC) at Ahmedabad | 58.88 |
| 3 | General Corporate Purpose |
TechD Cybersecurity Ltd.
Office No. 901, 902, 903, 904 & 908,
Abhishree Adroit, Nr. Swaminarayan Temple
Vastrapur
Ahmedabad, Gujarat, 380015
Phone: +91 08645628421
Email: info@techdefence.com
Website: https://www.techdefencelabs.com/
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: newissue@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
TechDefence Labs IPO is a SME IPO of 20,20,200 equity shares of the face value of ₹10 aggregating up to ₹38.99 Crores. The issue is priced at . The minimum order quantity is 600.
The IPO opens on September 15, 2025, and closes on September 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 September 15, 2025 and closes on September 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 Friday, September 19, 2025. Check the TechDefence Labs IPO allotment status.
The TechDefence Labs IPO listing date is not yet announced. The tentative date of TechDefence Labs IPO listing is Monday, September 22, 2025.
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