TechD CyberSecurity Limited’s IPO is gaining interest from investors across the business world. This IPO is a major accomplishment for TechD CyberSecurity Ltd., one of India’s fastest-growing cybersecurity firms.
This blog aims to offer you with key information about this IPO, such as bidding dates, price band, and investment decisions, to help you understand if this IPO supports your investment strategy.
TechD CyberSecurity
TechD CyberSecurity Limited, previously known as TechDefence Labs, is a leading cybersecurity solutions provider, incorporated in 2017 with its headquarters in Ahmedabad, Gujarat.
The company provides a wide range of services, which are Managed Security Services Provider solutions, Cyber Program Managed Services, Vulnerability Assessment and Penetration Testing, Compliance Services, Specialized Services, and Staff Augmentation Services, which resolves the needs of businesses seeking protection against cyber threats. The company’s clientele includes: Adani Group, Zensar Technologies, Astral Limited, Kedia Capital, 1 Cyber Valley, ETO GRUPPE Technologies GmbH, and IQM Corporation.
TechD CyberSecurity Limited IPO
TechD CyberSecurity Limited is set to raise ₹38.99 crores via IPO, which comprises ₹38.99 Cr fresh issue and offer for sale of 20,20,200 equity shares at face value ₹10 each.
The price band for TechD CyberSecurity Limited IPO is ₹183- ₹193 per share. Investors can start their bidding from September 15 to 17, 2025. The allotment process starts from Thursday, 18 September 2025.
| IPO opening date | September 15, 2025 |
| Date of closure | September 17, 2025 |
| Face value | ₹10 per share |
| IPO price band | ₹183 to ₹193 per share |
| Lot size | 600 shares |
| Issue size | ₹38.99 crores |
| Fresh issue | ₹38.99crores |
| Issue type | Book Built Type |
| IPO Listing | NSE MSE |
As on September 12 2025, TechD CyberSecurity IPO GMP (Grey Market Premium) is at ₹158.
TechD CyberSecurity Ltd IPO Timeline
Key dates for participants to allow strategic planning and participation:
| Starting date | September 15, 2025 |
| Ending Date | September 17, 2025 |
| Allotment Date | September 18, 2025 |
| Refund Initiation | September 19, 2025 |
| Shares Credited to Demat AC | September 19, 2025 |
| Date of Listing | September 22, 2025 |
Fund utilisation plan
The company’s purpose is to utilise the raised fund as the following:
| Purpose | Amount(in ₹ Crores) | % |
| Investment in Human resources | 26.09 | 66.91% |
| Capital Expenditure in setting Global Security Operation Centre (GSOC) at Ahmedabad | 5.89 | 15.11% |
| General Corporate Purpose | 7.01 | 17.98% |
TechD CyberSecurity: Financial Performance
| Financials | FY25 | FY24 | FY23 |
| Assets | 29.08 | 9.14 | 6.98 |
| Revenue from operations | 30.23 | 15.36 | 7.59 |
| EBITDA | 12.24 | 4.91 | 1.36 |
| Profit Aftertax/ Net Profit | 8.40 | 3.24 | 0.94 |
| Net Worth | 22.14 | 4.80 | 1.56 |
| Reserve & Surplus | 16.68 | 4.79 | 1.55 |
(Amount in ₹ Crores)
TechD CyberSecurity Limited – Investment considerations
Strengths
1. A renowned client base spanning across various industries such as Adani Group, Zensar Technologies, Astral Limited, and multiple international enterprises reflect reliability and delivery of capabilities.
They service multiple verticals that include corporates, BFSI, government agencies, law enforcement, and educational institutions, mitigating risks for specific sectors.
2. Over the years, there’s a rising demand for cybersecurity across industries, which enables the company to expand its operations.
Therefore, planned investments in human resources and the establishment of a Global Security Operations Centre shall strengthen their capabilities and open new business opportunities.
Weaknesses
1. The company’s overall revenue depends on a limited set of clients. Therefore, loss of any key account could impact financial results and could expose the business to revenue loss.
2. The functionality of the business depends on specialized cybersecurity professionals. A high attrition rate or inability to recruit appropriate talent could affect the service quality. Besides, profitability is affected due to a rise in the cost of salaries, technological advancements, and competitive pricing, especially during an expansion phase.
Bottom line
The IPO of TechD CyberSecurity Limited is a hype-worthy chance for investors looking to be part of a company with an impressive record of delivering specific cybersecurity solutions across various industries.
With the range of services it offers and the client base that is strategic and financially stable over the years, TechD CyberSecurity has become well-known in the cybersecurity industry. Nevertheless, prospective shareholders must carefully evaluate before deciding, as dependency on limited clients and inability to hire and retain specialized professionals could impact the company’s financial performance.
