TechDefence Labs IPO
TechDefence Labs IPO
Overview
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..
Total Shares
20,20,200
Issue Size
₹38.99 Cr
Price Band
₹183 – ₹193
Lot Size
600 shares
Min. Investment
₹2,31,600
Max. Investment
₹2,31,600
Open Date
15 Sep, 2025
Close Date
17 Sep, 2025
Allotment
18 Sep, 2025
Listing
22 Sep, 2025
Max. Investment
₹2,31,600
Announced
15 Sep, 2025
Opening Date
15 Sep, 2025
Closing Date
17 Sep, 2025
Basis of Allotment
18 Sep, 2025
Initiation of Refunds
19 Sep, 2025
Credit of Shares
19 Sep, 2025
Listing Date
22 Sep, 2025
Live GMP
Est. Listing: ₹373
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About TechDefence Labs IPO
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.
TechDefence Labs IPO Share Price
Issue Breakdown
Shareholding
Dilution: 37.0% increase in shares
TechDefence Labs IPO Promoters Holding
TechDefence Labs IPO Financial Health
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.
TechDefence Labs IPO Lot Size
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 | 1200 | ₹2,31,600 |
| Individual investors (Retail) (Max) | 2 | 1200 | ₹2,31,600 |
| S-HNI (Min) | 3 | 1800 | ₹3,47,400 |
| S-HNI (Max) | 8 | 4800 | ₹9,26,400 |
| B-HNI (Min) | 9 | 5400 | ₹10,42,200 |
(All values in CR)
TechDefence Labs IPO Valuations
The market capitalization of TechDefence Labs IPO is ₹144.36 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| 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 |
(All values in CR)
TechDefence Labs IPO Strength & Risk
TechDefence Labs IPO Strength:
Strong revenue growth with improving profitability.
Healthy margins and efficient operations.
Very low debt with a strong balance sheet.
High return on equity and capital efficiency.
Reasonable valuation compared to peers.
Cybersecurity sector with strong growth potential.
Certified and empanelled with key regulatory bodies.
IPO proceeds focused on expansion and scaling.
Promoters hold significant stake showing commitment.
Diverse client base including corporates, SMEs, and banks.
TechDefence Labs IPO Risk:
SME IPO with limited liquidity and higher volatility.
Sustaining high margins and growth may be challenging.
Fierce competition in cybersecurity sector.
Dependence on skilled workforce and retention risks.
Revenue concentration in domestic market.
Regulatory compliance and cyber liability risks.
Expansion plans may face execution challenges
Sensitive to economic cycles and IT spending cuts
Investor expectations may exceed post-listing performance
Heavy reliance on certifications and reputation
TechDefence Labs IPO Subscriptions Status
TechDefence Labs IPO subscribed 691.92 times. The public issue subscribed 690.70 times in the individual investors category, 277.16 times in QIB (Ex Anchor), and 1,247.77 times in the NII category by September 17, 2025 3:30:00 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 5,74,800 | 5,74,800 | 11.09 |
| Market Maker | 1.00 | 1,01,400 | 1,01,400 | 1.96 |
| QIB (Ex Anchor) | 277.16 | 3,84,000 | 10,64,30,400 | 2 |
| Non-Institutional Buyers | 1.00 | 2,88,000 | 35,93,57,400 | 6 |
| bNII (bids above ₹10L) | 1.00 | 1,92,000 | 28,53,59,400 | 5 |
| sNII (bids below ₹10L) | 770.81 | 96,000 | 7,39,98,000 | 1 |
| Individual Investors (IND category bidding for 2 Lots) | 690.70 | 6,72,000 | 46,41,49,200 | 8 |
| Total | 691.92 | 13,44,000 | 92,99,37,000 | 17 |
TechDefence Labs IPO GMP
TechD Cybersecurity Limited SME IPO last GMP is ₹160, last updated Sep 16th 2025 01:55 PM. With the price band of 193.00, TechD Cybersecurity Limited SME IPO's estimated listing price is ₹353 (cap price + today's GMP).The expected percentage gain/loss per share is 82.90%. >> TechD Cybersecurity Limited SME IPO Retail Subject to Sauda: ₹73000 The lowest GMP is ₹100.00, while the highest GMP is ₹160.00.
Last updated 17 Sep, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 17 Sep, 2025 | 193 | ₹180▲ | 82100 | ₹373 (93.26%) | 108000 | 17 Sep, 2025 |
| 16 Sep, 2025 | 193 | ₹160 | 73000 | ₹353 (82.90%) | 96000 | 16 Sep, 2025 |
| 15 Sep, 2025 | 193 | ₹160 | 73000 | ₹353 (82.90%) | 96000 | 15 Sep, 2025 |
| 14 Sep, 2025 | 193 | ₹160 | 73000 | ₹353 (82.90%) | 96000 | 14 Sep, 2025 |
| 13 Sep, 2025 | 193 | ₹160▲ | 73000 | ₹353 (82.90%) | 96000 | 13 Sep, 2025 |
| 12 Sep, 2025 | 193 | ₹158 | 72000 | ₹351 (81.87%) | 94800 | 12 Sep, 2025 |
| 11 Sep, 2025 | 193 | ₹158▲ | 72000 | ₹351 (81.87%) | 94800 | 11 Sep, 2025 |
| 10 Sep, 2025 | 193 | ₹151▲ | 68900 | ₹344 (78.24%) | 90600 | 10 Sep, 2025 |
| 09 Sep, 2025 | 193 | ₹100 | 45600 | ₹293 (51.81%) | 60000 | 09 Sep, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for TechDefence Labs IPO
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Find TechDefence Labs IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.