TechD Cybersecurity’s IPO received bids for 59.44 crore shares against 14.45 lakh shares on offer, resulting in an oversubscription of 411.26 times as of 1:40 PM on September 17, 2025. The IPO is a fresh issue of 2 million equity shares worth ₹38.99 crore, with no offer for sale (OFS) component.
The price band is ₹183–₹193 per share, with a lot size of 600 shares. Investors must apply for a minimum of 1,200 shares, with a minimum investment of ₹2,31,600. The bidding window was open from September 15 to September 17, 2025, and the allotment will be finalised on September 18.
TechD Cybersecurity’s shares are expected to list on the NSE SME platform and BSE on September 22, 2025. The strong oversubscription reflects high investor interest in this cybersecurity firm.
TechDefence Labs launched an IPO to raise ₹38.99 crore by issuing 0.20 crore fresh shares, with the subscription window from September 15-17, 2025. The price band was ₹183-₹193 per share, with a lot size of 600 shares.
Retail investors had to apply for a minimum of 1,200 shares (₹2,31,600), while HNIs were required to apply for at least 1,800 shares. The company provided cybersecurity solutions to major clients like Adani Group and Zensar Technologies. Listing is scheduled for September 22, 2025, on NSE SME.
The table below breaks down the TechDefence Labs share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered | Percentage (%) |
| Market Maker Shares | 1,01,400 | 5.02 |
| QIB Shares | 9,58,800 | 47.46 |
| NII (HNI) Shares | 2,88,000 | 14.26 |
| Retail Shares | 6,72,000 | 33.26 |
| Total Shares Offered | 20,20,200 | 100.00 |
| Category | Subscribed (times) |
| QIB (Ex Anchor) | 284.17 |
| NII | 1,279.03 |
| Individual Investors | 726.06 |
| Total | 718.30 |
Note: The subscription details are as of September 17, 2025
Founded in 2017, TechDefence Labs is a customer-focused cybersecurity solutions provider that offers comprehensive services to help businesses protect their digital assets. The company’s offerings include Managed Security Services Provider (MSSP) solutions, Cyber Program Managed Services, Vulnerability Assessment and Penetration Testing (VAPT), Compliance Services, Specialized Services, and Staff Augmentation.
TechDefence caters to a wide range of industries such as BFSI, healthcare, manufacturing, aviation, and government. Its notable clients include Adani Group, Zensar Technologies Limited, Astral Limited, Kedia Capital, 1 Cyber Valley, ETO GRUPPE Technologies GmbH, and IQM Corporation. The company’s solutions are designed to minimize data privacy risks, reduce vulnerabilities to cyberattacks, and ensure regulatory compliance, thereby strengthening overall cyber resilience for its clients.
The company is led by its founders, Mr. Sunny Vaghela and Mr. Piyush Rasiklal Vaghela. Mr. Sunny Vaghela, a respected cybersecurity expert, has been instrumental in solving high-profile cybercrime cases, including the investigations into the 26/11 Mumbai attacks. His expertise shapes TechDefence’s commitment to delivering effective and trustworthy cybersecurity solutions.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Sep 17, 2025, 5:52 PM IST
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