Allotment

TechDefence Labs Ltd.’s IPO was a book-built issue aggregating ₹38.99 crore. The issue comprised entirely of a fresh issue of 0.20 crore equity shares.
The IPO bidding opened on September 15, 2025, and closed on September 17, 2025. The allotment was finalized on September 18, 2025, and the company’s shares were listed on the NSE SME platform on September 22, 2025.
The IPO price band was fixed at ₹193 per share. The lot size for applications was 600 shares. Retail investors were required to apply for a minimum of 2 lots (1,200 shares), amounting to an investment of ₹2,31,600 at the upper price band. For HNI investors, the minimum application size was 3 lots (1,800 shares), requiring an investment of ₹3,47,400.
GYR Capital Advisors Pvt. Ltd. acted as the Book Running Lead Manager for the issue, while Purva Sharegistry (India) Pvt. Ltd. served as the registrar. Giriraj Stock Broking Pvt. Ltd. was appointed as the market maker for the IPO.
₹1930%
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52 Weeks High
52 Weeks Low
Updates On
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IPO. Price
IPO Market price
| IPO Date | 22 Sep |
| IPO Listing Date | 22 Sep |
| IPO Face Value | ₹10.00 per share |
| IPO Price Range | ₹193.00 |
| IPO Issue Size | 20,20,200 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | NSE SME Platform |
| hare Holding Pre Issue | 54,59,533 shares |
| IPO Open Date | 15 Sep |
| IPO Close Date | 17 Sep |
| IPO Allotment (Tentative) | 18 Sep |
| Refunds | 19 Sep |
| Credit to Demat Account | 19 Sep |
| IPO Listing Date | 22 Sep |
| Category | Offer |
|---|---|
| QIB Shares Offered | 9,58,800 Shares |
| NII (HNI) Shares Offered | 2,88,000 Shares |
| Retail Shares Offered | 6,72,000 Shares |
Investors can bid for a minimum of 1,200 shares, with additional shares to be purchased in multiples of 600.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | ₹2,31,600 |
| Retail (Max) | 2 | 1,200 | ₹2,31,600 |
| S-HNI (Min) | 3 | 1,800 | ₹3,47,400 |
| S-HNI (Max) | 8 | 4,800 | ₹9,26,400 |
| B-HNI (Min) | 9 | 5,400 | ₹10,42,200 |
Incorporated in January 2017, TechDefence Labs Solutions Limited is a cybersecurity company focused on protecting digital assets for organizations across the globe. The company delivers end-to-end cybersecurity solutions, enabling enterprises to operate securely in an increasingly digital environment.
TechDefence Labs offers a comprehensive range of services, including Managed Security Service Provider (MSSP) solutions, Cyber Program Management, Vulnerability Assessment and Penetration Testing (VAPT), Compliance Services, Specialized Security Services, and Staff Augmentation, catering to diverse industry requirements.
The company serves a strong and varied client base, including prominent names such as Adani Group, Zensar Technologies, Astral Limited, Kedia Capital, 1 Cyber Valley, ETO GRUPPE Technologies GmbH, and IQM Corporation. These clients leverage TechDefence Labs’ advanced cybersecurity capabilities to strengthen their cyber resilience.
Its service portfolio includes:
Vulnerability Assessment and Penetration Testing (VAPT): Identifying and addressing security weaknesses in web and mobile applications to mitigate cyber risks.
Security Operations Center (SOC) Services: Continuous monitoring, threat detection, and incident response to ensure robust security postures.
Cybersecurity Consulting: Strategic advisory services covering security frameworks, regulatory compliance, and risk management.
Domain Training: Professional workshops and bootcamps designed to upskill individuals in contemporary cybersecurity practices and threat mitigation.
As of June 30, 2025, the company employed 147 professionals.
Competitive Strengths
Experienced and qualified promoters and management team
Comprehensive and integrated cybersecurity service offerings
CERT-In empanelment and strong regulatory credentials
Steady pipeline of skilled cybersecurity professionals
Proven track record with a diversified client base
| Assets | 29.08 | 9.14 | 6.98 |
| Total Income | 30.23 | 15.36 | 7.59 |
| Profit After Tax | 8.4 | 3.24 | 0.94 |
| EBITDA | 12.24 | 4.91 | 1.36 |
| NET Worth | 22.14 | 4.8 | 1.56 |
| Reserves and Surplus | 16.68 | 4.79 | 1.55 |
| Total Borrowing | - | - | - |
| 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 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
TechD Cybersecurity Ltd. Address
Office No. 901, 902, 903, 904 & 908,
Abhishree Adroit, Nr. Swaminarayan Temple
Vastrapur
Ahmedabad, Gujarat, 380015
Phone: +91 08645628421
Email: info@techdefence.com
Website: https://www.techdefencelabs.com/
IPO Registrar
Purva Sharegistry (India) Pvt.Ltd.
+91-022-23018261/ 23016761
newissue@purvashare.com