TechDefence Labs Solutions Ltd, better known as TechD Cybersecurity, has created waves in the capital markets with its highly oversubscribed SME IPO. The ₹38.99 crore issue, which opened on September 15 and closed on September 17, drew an extraordinary 718x overall subscription, reflecting the market’s confidence in India’s fast-growing cybersecurity sector.
The IPO, priced at ₹193 per share, offered 20.20 lakh fresh equity shares. Investor demand was particularly robust from non-institutional investors (1,279x) and retail investors (726x), while qualified institutional buyers subscribed 284x. Ahead of listing on the NSE SME platform, the issue commanded a strong Grey Market Premium of around ₹210, signaling expectations of a stellar debut.
“This IPO is a milestone in our journey of securing the digital future.”
– Sunny Vaghela, Chairman & CEO, TechD Cybersecurity
Proceeds from the IPO will be utilized to establish a state-of-the-art Global Security Operations Center (GSOC) in Ahmedabad, strengthen human resource capabilities, and support general corporate purposes.
Sunny Vaghela, Chairman & CEO, TechD Cybersecurity, said, “This IPO is a milestone in our journey of securing the digital future. The overwhelming response from investors validates our vision of building a global cybersecurity powerhouse from India. With the proceeds, we will scale our security operations, expand our global footprint, and continue to innovate in AI-driven defense technologies that protect enterprises against ever-evolving threats.”
With a strong track record in threat intelligence, incident response, and AI-powered cyber defense, TechD Cybersecurity is well-positioned to capitalize on the rising demand for enterprise-grade cybersecurity solutions. The company’s shares are scheduled to debut on the NSE SME platform on September 22, 2025.
