TechD Cybersecurity Limited, operating as TechDefence Labs, opened its Initial Public Offering (IPO) on NSE SME platform, which opened yesterday on September 15, 2025, and is to close tomorrow on September 17, 2025. The SME IPO, with fresh issue of size around ₹38.99 crore, presents a great opportunity for investors to enter a rapidly growing and vital sector which is cybersecurity.
The IPO constitutes a total of 20,20,200 equity shares of face value of ₹10 each. The price band is set between ₹183 to ₹193 per share, providing investors an entry point in sync with the company's strong financial numbers. The minimum lot size for the investor is 600 shares, which amounts to an investment of approximately ₹1.15 lakh. The shares are to be listed on NSE SME platform on September 22, 2025, with September 18 being the date for finalisation of basis of allotment and share credits and refunds on September 19.
TechD Cybersecurity works in the fast-growing cybersecurity space with innovative Managed Security Services (MSSP) and having a Global Security Operations Centre (GSOC) at Ahmedabad. It caters to a diversified clientele and is empanelled with the Indian Computer Emergency Response Team (CERT-In), indicating high compliance and trust in the industry.
Financially, TechD exhibits outstanding figures such as a price-to-earnings (P/E) of 32.5 and an earnings per share (EPS) of ₹5.94 (pre-IPO). Its Return on Net Worth (RoNW) is close to 38%, highlighting efficiency in operations, with the company recording good EBITDA margins over 40%. The numbers place it well ahead of its peers in the industry, reflecting growth possibilities in a security-oriented economy.
TechD Cybersecurity's IPO has seen strong demand since day one i.e. yesterday, with news suggesting it was oversubscribed near 13 times by retail, institutional, and non-institutional investors. The grey market premium (GMP) is around ₹151 over the upper price band, which indicates good market confidence and anticipation of a premium listing after the IPO.
The IPO was highly sought by investors because of the rising international attention in securing digital infrastructures, boosting cybersecurity threats, and India's growth in digital services and government policies encouraging cybersecurity awareness.
The proceeds of the IPO will be utilised to increase human resources, provide funding for capital expenditure towards the improvement of the GSOC facility, and address general corporate goals. This strategic investment is expected to increase the operational efficiency of TechD and presence in the cybersecurity environment for rapid growth and innovation.
TechD Cybersecurity's SME IPO offers an exciting opportunity to invest in a niche yet vital industry with high entry barriers and growing demand driven by international and domestic cybersecurity threats. A reasonable risk-taker investor with a medium-to-long-term view could find this IPO appealing due to the company's excellent fundamentals, market position, and promising growth path. But as an SME IPO, investors need to be aware of listing volatility and relatively lower liquidity than mainboard stocks. Proper examination of financials, risk of sector concentration, and general market conditions is recommended before subscribing.
Overall, TechD Cybersecurity is one of the most sought-after SME IPOs of 2025, blending the magnetism of technology-led growth with prudent financial health, and a lucrative bet in India's rapidly growing cybersecurity space.
