TechD Cybersecurity IPO
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TechD Cybersecurity IPO details
Schedule of TechD Cybersecurity
| Issue open date | 15 Sep 2025 |
| Issue close date | 17 Sep 2025 |
| UPI mandate deadline | 17 Sep 2025 (5 PM) |
| Allotment finalization | 18 Sep 2025 |
| Refund initiation | 19 Sep 2025 |
| Share credit | 19 Sep 2025 |
| Listing date | 22 Sep 2025 |
| Mandate end date | 03 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 18 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 17 Dec 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About TechD Cybersecurity
TechD Cybersecurity (formerly Techdefence Labs Solutions) is a CERT-In empanelled cybersecurity solutions provider established in 2017, delivering comprehensive end-to-end cybersecurity services to enterprises across BFSI, NBFCs, manufacturing, healthcare, aviation, and government sectors. The company offers Managed Security Services Provider (MSSP) solutions, Cyber Program Managed Services, Vulnerability Assessment and Penetration Testing (VAPT), Compliance Services, and Staff Augmentation Services. With 126 employees as of February 2025 and clientele including Adani Group, Zensar Technologies, and Astral, TechD operates as an ISO 27001 certified organisation with both domestic and international presence.
Financials of TechD Cybersecurity
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹38.99 crores |
| Offer for sale | ₹38.99 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 26.09 (67%) |
| Investment in subsidiary Park Smart Solutions for working capital | 5.89 (15%) |
| General Corporate Purposes | 7.01 (18%) |
Strengths
- CERT-In empanelled and ISO 27001 certified cybersecurity provider
- Strong revenue growth trajectory with 300% CAGR over two years
- Diversified client base across multiple sectors including Fortune companies
- Comprehensive service portfolio covering entire cybersecurity spectrum
- Experienced leadership team with proven expertise in cybersecurity and digital forensics
Risks
- Heavy dependence on OEM partners for MSSP services may impact operations
- Intense competition in cybersecurity market with established players
- Rapid technological changes requiring continuous investment in R&D
- Regulatory changes in cybersecurity sector could impact business model
- Client concentration risk with dependence on large enterprise clients
Allotment Status for TechD Cybersecurity
To check your allotment status – click here.
Subscription Figures for TechD Cybersecurity
As per media reports (Link), the Grey Market Premium (GMP) of TechD Cybersecurity is reported at ₹160 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on September 17, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 3.84 | 1091.22 | 284.17x |
| NII | 2.88 | 3683.60 | 1279.03x |
| Retail | 6.72 | 4879.11 | 726.06x |
| Total | 13.44 | 9653.94 | 718.30x |