- The initial public offering will conclude on Wednesday, September 17
- The bidding for anchor investors will open for a day on Friday, September 12
- The minimum lot size is 600 shares and multiples thereof
NE BUSINESS BUREAU
AHMEDABAD, SEPT 9
Vijay Kedia-backed TechD Cybersecurity, one of India’s fastest-growing cyber security firms, on Tuesday said it has fixed the price band at ₹183-193 per share for nearly ₹39-crore IPO on the NSE Emerge platform, which will open for public subscription on Monday, September 15.
The initial public offering (IPO) will conclude on Wednesday, September 17. The bidding for anchor investors will open for a day on Friday, September 12, according to the red herring prospectus (RHP) filed on Monday.
The public issue is entirely a fresh issue a little over 20.20 lakh equity shares aggregating to ₹38.99 crore.
Proceeds from the fresh issue to the tune of ₹26.09 crore will be used towards investment in human resources, ₹5.89 crore for capital expenditure for setting up global security operation centre under the TechDefence Cyber Valley project in Ahmedabad, which includes India’s largest integrated cyber security GSOC and balance for general corporate purposes.
“Through this IPO, we aim to accelerate our global expansion into North America, the Middle East, Africa, and Australia, while positioning Gujarat as the cybersecurity capital of India,” Sunny Vaghela, Chairman and MD of TechD Cybersecurity, said.
A major highlight of TechD’s IPO journey is the backing of renowned market stalwart Vijay Kedia, whose association underscores strong investor confidence in the company’s vision and growth trajectory.
In FY 2024–25, TechD Cyber security reported a Profit After Tax (PAT) of ₹8.37 crore, reflecting a 158% YoY increase, alongside a robust 97.73% YoY revenue growth.
Founded in 2017 by cyber entrepreneur Sunny Vaghela, TechD Cyber security has rapidly built a team of 160 professionals across seven Indian cities. The company serves 470+ clients, including 120 SMEs, 127 co-operative banks and fintechs, 200 SEBI-registered entities, and leading corporates such as Adani, Torrent, Astral, ETO Gruppe, and Zensar Technologies.
Established in January 2017, TechD Cybersecurity, formerly TechDefence Labs Solutions, is a cybersecurity firm specialising in safeguarding digital assets for organisations worldwide.
It provides a wide range of services, including MSSP solutions, cyber program management, compliance services, specialised services, and staff augmentation to meet diverse client needs.
The company has served more than 470 clients, including Adani Group, Zensar Technologies, Astral, Torrent, Kedia Capital, ETO Gruppe Technologies, and IQM Corporation.
The company’s shares are proposed to be listed on the NSE’s SME platform Emerge.
GYR Capital Advisors is the sole book running lead manager and Purva Sharegistry (India) Pvt Ltd is the registrar for the IPO.
