TechD Cybersecurity (TechDefence Labs) came to market through an SME IPO that opened on 15 September 2025 and closed on 17 September 2025, and the shares listed on 22 September 2025 on NSE SME. The price band was ₹183 to ₹193 per share and one lot was 600 shares, so the minimum application was ₹1,15,800. The issue size was ₹38.99 crore. The whole issue was fresh shares, so the money raised went to the company.
Purva Sharegistry (India) Pvt Ltd was the registrar to the issue, and GYR Capital Advisors Pvt Ltd was the lead manager.
As of 17 September 2025.
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Established in January 2017 TechDefence Labs Solutions Limited is a cyber security company that deals with protecting digital assets of organizations globally. The organization provides end-to-end services solutions to organizations to keep businesses secure in the digital space.
The organization offers various services such as MSSP solutions, Cyber Program Management, VAPT, Compliance Services, Specialised Services, and Staff Augmentation to cater to various client requirements.Customers like Adani Group, Zensar Technologies, Astral Limited, Kedia Capital, 1 Cyber Valley, ETO GRUPPE Technologies GmbH, and IQM Corporation are favored with the company's innovative solutions that boost their cyber resilience. The company has a full range of services available, including:
Vulnerability Assessment and Penetration Testing (VAPT):Detection and remediation of vulnerabilities in web and mobile applications to strengthen security. Security Operations Center (SOC) Services:Rendering round-the-clock monitoring and analysis to identify and respond to cybersecurity threats in real time. Cybersecurity Consulting:Providing comprehensive security strategy, compliance, and risk management guidance to strengthen organizational security defenses. Domain Training:Training experts in workshops and bootcamps on contemporary cybersecurity practices and threat mitigation strategies. As of June 30, 2025, the Company has 147 employees on payroll.
As described in the offer document.
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Mr. Sunny Piyushkumar Vaghela, Mr. Vaghela Piyush Rasiklal. Promoter holding 86.61% before the issue.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
TechD Cybersecurity (TechDefence Labs) IPO was a ₹38.99 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹183–₹193 per share with a lot size of 600 shares; the minimum retail application was 1,200 shares (₹2,31,600). The IPO was open from September 15 to September 17, 2025 and was subscribed 718.37x. Shares listed on NSE SME on September 22, 2025 at ₹366.70, a 90.0% premium to the issue price of ₹193.
Purva Sharegistry (India) Pvt Ltd is the registrar. GYR Capital Advisors Pvt Ltd is the book running lead manager.
The price band of TechD Cybersecurity (TechDefence Labs) IPO is ₹183 to ₹193 per share.
The lot size of TechD Cybersecurity (TechDefence Labs) IPO is 600 shares.
The minimum investment for TechD Cybersecurity (TechDefence Labs) IPO is approximately ₹2,31,600 based on the upper price band.
The allotment date of TechD Cybersecurity (TechDefence Labs) IPO is Sep 18, 2025.
TechD Cybersecurity (TechDefence Labs) IPO's final recorded GMP before listing was ₹173 per share (a 90% premium over the ₹193 upper price band). The shares listed at ₹366.7. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check TechD Cybersecurity (TechDefence Labs) IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the TechD Cybersecurity (TechDefence Labs) IPO allotment status on Rupix for quick and easy access.
₹183 to ₹193 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,15,800. After listing, SME shares also trade in lots rather than one share at a time.
₹1,15,800, for one lot of 600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 15 September 2025 and closed on 17 September 2025.
The basis of allotment was published on 18 September 2025 by Purva Sharegistry (India) Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 22 September 2025 on NSE SME.
The issue size was ₹38.99 crore. The fresh issue was 20,20,200 shares (aggregating up to ₹38.99 crore).