TechD Cybersecurity IPO

About TechD Cybersecurity IPO

The 100% book building issue of TechD Cybersecurity Ltd, erstwhile Techdefence Labs Solutions Ltd, comprises a fresh issue of up to 20,20,200 equity shares. The price band is ₹183-₹193 per share and the lot size is 600. The IPO opens on September 15, 2025 and closes on September 17, 2025.

The listing date is on or before September 22, 2025 and the allotment date is on or before September 18, 2025. The credit of shares to the Demat account will take place on or about September 19, 2025, while the initiation of refund will take place on or before September 19, 2025.

Formerly known as Techdefence Labs Solutions Ltd, TechD is a customer-centric cybersecurity solutions provider delivering end-to-end services to enterprises to help businesses stay secure in the digital world. The company offers a comprehensive range of services, including Managed Security Services Provider (MSSP) solutions, Cyber Program Managed Services, Vulnerability Assessment and Penetration Testing (VAPT), Compliance Services, Specialised Services and Staff Augmentation Services tailored to meet diverse client needs.

Objectives of TechD Cybersecurity IPO

The company proposes to utilise the IPO proceeds for:

• Investment in human resources
  
• Capital Expenditure for setting up Global Security Operation Centre (GSOC) at Ahmedabad
  
• General corporate purpose
  

Market maker reservation portion is 5.02% of the offer size.

Industry Outlook

The IT & BPM sector has become one of the most significant growth catalysts for the Indian economy, contributing significantly to the country’s GDP and public welfare. The IT industry accounted for 7.4% of India’s GDP in FY22, and it is expected to contribute 10% to India’s GDP by 2025. As innovative digital applications permeate sector after sector India is now prepared for the next phase of growth in its IT revolution.

India's IT industry is likely to hit the US$ 350 billion mark by 2026 and contribute 10% towards the country's gross domestic product (GDP), Info metrics Ratings said in a report. According to National Association of Software and Service Companies (NASSCOM), the Indian IT industry’s revenue touched US$ 227 billion in FY22, a 15.5% YoY growth and was estimated to have touched US$ 245 billion in FY23.

India’s IT spending was anticipated to reach US$ 124.6 billion in 2024, reflecting a 10.7% increase from 2023, according to Gartner. India’s public cloud services market grew to US$ 3.8 billion in 1H2023, expected to reach US$ 17.8 billion by 2027.

Company Information

Established in 2017, Techdefence is a customer-centric cybersecurity solutions provider delivering end-to-end services to enterprises to help businesses stay secure in the digital world. The company offers a comprehensive range of services, including Managed Security Services Provider (MSSP) solutions, Cyber Program Managed Services, Vulnerability Assessment and Penetration Testing (VAPT), Compliance Services, Specialised Services and Staff Augmentation Services tailored to meet diverse client needs.

Through its services, the company empowers organisations to protect their critical data, prevent cyber threats, and ensure smooth business operations. Its solutions are designed to eliminate data privacy risks, safeguarding businesses from unauthorised access and security breaches.

Strengths of TechD Cybersecurity IPO

• Qualified and experienced promoters & management
  
• Comprehensive and integrated cyber security service offering
  
• CERT-In empanelment and regulatory authority
  
• Continuous supply of skilled cybersecurity talent
  
• Proven track record and diverse client portfolio
  
• Strong relationships with leading OEMs
  

Risks of TechD Cybersecurity IPO

• Inability to maintain and expand existing client base may adversely affect operations
  
• Significant increase in employee benefit expenses could lower profitability
  
• Negative affect of operations in Gujarat and Maharashtra could adversely impact financial results
  
• Lack of long-term agreements with suppliers can impact business
  
• Evolving laws related to data protection and other related matters may affect business
  

Anchor Investor Bidding Date

The anchor portion of the IPO opens for bidding on September 12, 2025.

IPO Registrar and Book Running Lead Manager

• Registrar: Purva Sharegistry (India) Pvt Ltd
• Book Running Lead Manager: GYR Capital Advisors Pvt Ltd

Business Model

The company has built a diversified business model structured around two primary revenue streams: Services and Trainings. Under services it offers:

• Vulnerability Assessment and Penetration Testing
  
• Security Operations Center
  
• Compliance Services
  
• Staff Augmentation
  
• MSSP Services
  
• Cyber Program Managed Services
  

The company is also dedicated to building cybersecurity expertise through educational partnerships and corporate training.

Company Growth Trajectory

The revenue from operations of TechD Cybersecurity Ltd grew from ₹7.5578 crores in FY 23 to ₹29.7952 crores in FY 25. Its EBITDA margin grew from 17.88% in FY 23 to 40.48% in FY 25, while PAT margin grew from 12.45% in FY 23 to 28.18% in FY 25. Qualified and experienced promoters coupled with strong relationships with leading OEMs has helped the company grow over the years.

Market Position

TechD has a long-standing presence in the cybersecurity space. It has a client portfolio that spans a diverse range of industries, serving as a testament to the company’s expertise and capability. With major clients such as Adani Group, Zensar Technologies Limited, Astral Limited, Kedia Capital Services Pvt. Ltd and many more, it has proven its ability to deliver reliable and adaptable cybersecurity solutions across a variety of sectors.

As a CERT-In empanelled organisation, it upholds the highest cybersecurity standards, serving clients across BFSI, NBFCs, Manufacturing, Healthcare, Aviation, Government Institutions and many more.

How to Check Allotment Status of TechD Cybersecurity Ltd?

1. Visit the Registrar’s Website

• Visit the official website of Purva Sharegistry (India) Pvt Ltd
  
• Click on ‘IPO Allotment Query’ under ‘Investor Service’
  
• Select Name of Company
  
• Enter ‘Application Number’ or ‘PAN Number’
  
• Click on ‘Search’ to know the status
  

2. Verify on the National Stock Exchange Website

The National Stock Exchange (NSE) has an IPO Bid Verification module. You can use it to check the status of TechD Cybersecurity Ltd IPO. Go to the NSE website and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.

On the NSE IPO Bid Verification page, enter:

• Company name from dropdown
  
• Application number
  
• PAN
  

Then click 'Submit' to know the allotment status.

How to Apply for TechD Cybersecurity Ltd IPO?

• Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Specify IPO details - Enter the number of lots and the price you wish to apply for.
  
• Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Mandate Notification - Your UPI app will receive a mandate notification to block funds.
  
• Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.