TechDefence Labs IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 15 to Sep 17 2025
Price Band
₹183 - 193
Current GMP
₹366.7 (+90%)
Subscription
718.30 times
IPO Details
| IPO Date | September 15, 2025 to September 17, 2025 |
| Listing Date | September 22, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹183 to ₹193 per share |
| Issue Price Final | ₹193 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 20,20,200 shares (aggregating up to ₹38.99 Cr) |
| Reserved for Market Maker | 1,01,400 shares (aggregating up to ₹1.96 Cr)Giriraj Stock Broking Pvt.Ltd. |
| Net Offered to Public | 19,18,800 shares (aggregating up to ₹37.03 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 54,59,533 shares |
| Share Holding Post Issue | 74,79,733 shares |
IPO Date
September 15, 2025 to September 17, 2025
Listing Date
September 22, 2025
Face Value
₹10 per share
Issue Price Band
₹183 to ₹193 per share
Issue Price Final
₹193 per share
Lot Size
600 Shares
Sale Type
Fresh Capital
Total Issue Size
20,20,200 shares (aggregating up to ₹38.99 Cr)
Reserved for Market Maker
1,01,400 shares (aggregating up to ₹1.96 Cr)Giriraj Stock Broking Pvt.Ltd.
Net Offered to Public
19,18,800 shares (aggregating up to ₹37.03 Cr)
Issue Type
Bookbuilding IPO
Listing At
NSE SME
Share Holding Pre Issue
54,59,533 shares
Share Holding Post Issue
74,79,733 shares
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 284.17 |
| Non-Institutional Buyers*** | 1,279.03 |
| bNII (bids above ₹10L) | 1,517.95 |
| sNII (bids below ₹10L) | 801.19 |
| Individual Investors (IND category bidding for 2 Lots) | 726.06 |
| Total ** | 718.30 |
Anchor Investors
1
Market Maker
1
QIB (Ex Anchor)
284.17
Non-Institutional Buyers***
1,279.03
bNII (bids above ₹10L)
1,517.95
sNII (bids below ₹10L)
801.19
Individual Investors (IND category bidding for 2 Lots)
726.06
Total **
718.30
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Sep 15, 2025 | 0.43 | 15.62 | 12.93 | 21.00 | 20.68 | 13.81 |
| Day 2 Sep 16, 2025 | 7.48 | 173.64 | 194.84 | 131.25 | 115.43 | 97.06 |
| Day 3 Sep 17, 2025 | 284.17 | 1,279.03 | 1,517.95 | 801.19 | 726.06 | 718.30 |
DayDay 1
Sep 15, 2025
QIB (Ex Anchor)0.43
NII*15.62
NII (> ₹10L)12.93
NII (< ₹10L)21.00
Individual Investors20.68
Total13.81
DayDay 2
Sep 16, 2025
QIB (Ex Anchor)7.48
NII*173.64
NII (> ₹10L)194.84
NII (< ₹10L)131.25
Individual Investors115.43
Total97.06
DayDay 3
Sep 17, 2025
QIB (Ex Anchor)284.17
NII*1,279.03
NII (> ₹10L)1,517.95
NII (< ₹10L)801.19
Individual Investors726.06
Total718.30
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 22-09-2025 | 193.00 | 210(108.81%) | 403 |
| 21-09-2025 | 193.00 | 210(108.81%) | 403 |
| 20-09-2025 | 193.00 | 210(108.81%) | 403 |
| 19-09-2025 | 193.00 | 210(108.81%) | 403 |
| 18-09-2025 | 193.00 | 210(108.81%) | 403 |
| 17-09-2025 | 193.00 | 195(101.04%) | 388 |
| 16-09-2025 | 193.00 | 160(82.90%) | 353 |
| 15-09-2025 | 193.00 | 160(82.90%) | 353 |
| 14-09-2025 | 193.00 | 160(82.90%) | 353 |
| 13-09-2025 | 193.00 | 160(82.90%) | 353 |
| 12-09-2025 | 193.00 | 158(81.87%) | 351 |
| 11-09-2025 | 193.00 | 158(81.87%) | 351 |
| 10-09-2025 | 193.00 | 151(78.24%) | 344 |
| 09-09-2025 | 193.00 | 100(51.81%) | 293 |
Date22-09-2025
Price193.00
GMP210(108.81%)
Estimate List Price403
Date21-09-2025
Price193.00
GMP210(108.81%)
Estimate List Price403
Date20-09-2025
Price193.00
GMP210(108.81%)
Estimate List Price403
Date19-09-2025
Price193.00
GMP210(108.81%)
Estimate List Price403
Date18-09-2025
Price193.00
GMP210(108.81%)
Estimate List Price403
Date17-09-2025
Price193.00
GMP195(101.04%)
Estimate List Price388
Date16-09-2025
Price193.00
GMP160(82.90%)
Estimate List Price353
Date15-09-2025
Price193.00
GMP160(82.90%)
Estimate List Price353
Date14-09-2025
Price193.00
GMP160(82.90%)
Estimate List Price353
Date13-09-2025
Price193.00
GMP160(82.90%)
Estimate List Price353
Date12-09-2025
Price193.00
GMP158(81.87%)
Estimate List Price351
Date11-09-2025
Price193.00
GMP158(81.87%)
Estimate List Price351
Date10-09-2025
Price193.00
GMP151(78.24%)
Estimate List Price344
Date09-09-2025
Price193.00
GMP100(51.81%)
Estimate List Price293
IPO Important Dates
| IPO Open Date | Mon, Sep 15, 2025 |
| IPO Close Date | Wed, Sep 17, 2025 |
| Tentative Allotment | Thu, Sep 18, 2025 |
| Initiation of Refunds | Fri, Sep 19, 2025 |
| Credit of Shares to Demat | Fri, Sep 19, 2025 |
| Tentative Listing Date | Mon, Sep 22, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 17, 2025 |
IPO Open Date
Mon, Sep 15, 2025
IPO Close Date
Wed, Sep 17, 2025
Tentative Allotment
Thu, Sep 18, 2025
Initiation of Refunds
Fri, Sep 19, 2025
Credit of Shares to Demat
Fri, Sep 19, 2025
Tentative Listing Date
Mon, Sep 22, 2025
Cut-off time for UPI mandate confirmation
5 PM on Wed, Sep 17, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1,200 | ₹2,31,600 |
| Individual investors (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 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares1,200
Amount₹2,31,600
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares1,200
Amount₹2,31,600
ApplicationS-HNI (Min)
Lots3
Shares1,800
Amount₹3,47,400
ApplicationS-HNI (Max)
Lots8
Shares4,800
Amount₹9,26,400
ApplicationB-HNI (Min)
Lots9
Shares5,400
Amount₹10,42,200
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 29.08 | 9.14 | 6.98 |
| Total Income | 30.23 | 15.36 | 7.59 |
| Profit After Tax | 8.40 | 3.24 | 0.94 |
| EBITDA | 12.24 | 4.91 | 1.36 |
| NET Worth | 22.14 | 4.80 | 1.56 |
| Reserves and Surplus | 16.68 | 4.79 | 1.55 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 202529.08
31 Mar 20249.14
31 Mar 20236.98
Period EndedTotal Income
31 Mar 202530.23
31 Mar 202415.36
31 Mar 20237.59
Period EndedProfit After Tax
31 Mar 20258.40
31 Mar 20243.24
31 Mar 20230.94
Period EndedEBITDA
31 Mar 202512.24
31 Mar 20244.91
31 Mar 20231.36
Period EndedNET Worth
31 Mar 202522.14
31 Mar 20244.80
31 Mar 20231.56
Period EndedReserves and Surplus
31 Mar 202516.68
31 Mar 20244.79
31 Mar 20231.55
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| TechD Cybersecurity Ltd. | 16.44 | 16.44 | 40.55 | 37.93 | ||
| Sattrix Information Security | 6.27 | 6.27 | 53.72 | 29.64 | 11.08 | 3.11 |
| Tac Infosec Limited | 13.77 | 13.63 | 52.71 | 80.40 | 26.10 | 21.06 |
Company NameTechD Cybersecurity Ltd.
EPS (Basic)16.44
EPS (Diluted)16.44
NAV (per share) (Rs)40.55
P/E (x)
RoNW (%)37.93
P/BV Ratio
Company NameSattrix Information Security
EPS (Basic)6.27
EPS (Diluted)6.27
NAV (per share) (Rs)53.72
P/E (x)29.64
RoNW (%)11.08
P/BV Ratio3.11
Company NameTac Infosec Limited
EPS (Basic)13.77
EPS (Diluted)13.63
NAV (per share) (Rs)52.71
P/E (x)80.40
RoNW (%)26.10
P/BV Ratio21.06
IPO Reservation
| Market Maker Shares Offered | 1,01,400 (5.02%) |
| QIB Shares Offered | 9,58,800 (47.46%) |
| − Anchor Investor Shares Offered | 5,74,800 (28.45%) |
| − QIB (Ex. Anchor) Shares Offered | 3,84,000 (19.01%) |
| NII (HNI) Shares Offered | 2,88,000 (14.26%) |
| − bNII > ₹10L | 1,92,000 (9.50%) |
| − sNII < ₹10L | 96,000 (4.75%) |
| Retail Shares Offered | 6,72,000 (33.26%) |
| Total Shares Offered | 20,20,200 (100.00%) |
Market Maker Shares Offered
1,01,400 (5.02%)
QIB Shares Offered
9,58,800 (47.46%)
− Anchor Investor Shares Offered
5,74,800 (28.45%)
− QIB (Ex. Anchor) Shares Offered
3,84,000 (19.01%)
NII (HNI) Shares Offered
2,88,000 (14.26%)
− bNII > ₹10L
1,92,000 (9.50%)
− sNII < ₹10L
96,000 (4.75%)
Retail Shares Offered
6,72,000 (33.26%)
Total Shares Offered
20,20,200 (100.00%)
Information about company
Established in January 2017 TechDefence Labs Solutions Limited is a cybersecurity firm specializing in safeguarding digital assets for organizations worldwide.
The company offers solutions for end-to-end services to enterprises to help businesses stay secure in the digital world.
The company provides a wide range of services, including MSSP solutions, Cyber Program Management, VAPT, Compliance Services, Specialised Services, and Staff Augmentation to meet diverse client needs.
Clients such as Adani Group, Zensar Technologies, Astral Limited, Kedia Capital, 1 Cyber Valley, ETO GRUPPE Technologies GmbH, and IQM Corporation benefit from the company's cutting-edge solutions that enhance their cyber resilience.
The company offers a comprehensive suite of services, including:
Vulnerability Assessment and Penetration Testing (VAPT):Identifying and mitigating vulnerabilities in web and mobile applications to enhance security.
Security Operations Center (SOC) Services:Providing continuous monitoring and analysis to detect and respond to cybersecurity incidents promptly.
Cybersecurity Consulting:Offering expert guidance on security strategies, compliance, and risk management to fortify organizational defenses.
Domain Training:Educating professionals through workshops and bootcamps on the latest cybersecurity practices and threat mitigation techniques.
As of June 30, 2025, the Company has 147 employees on payroll.
Competitive Strength:
Qualified and Experienced Promoters & Management.
Comprehensive and Integrated Cybersecurity 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.
Objectives of IPO
The Company TechDefence Labs Solutions IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (in Millions)
1
Investment in Human resources
260.92
2
Capital Expenditure for setting up Global Security Operation Centre (GSOC) at Ahmedabad
58.88
3
General Corporate Purpose
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
Please read all Tearms and conditions , and agree to use the App