TechD Cybersecurity IPO Subscription Status

On the first day of bidding (15 September 2025, 5:00 PM), the TechD Cybersecurity IPO was subscribed 13.68 times overall.

• QIB investors: 0.43×
• NII investors: 15.58×
• Retail investors: 20.44×

The IPO received bids for 1,83,92,400 shares against a total offer of 13,44,000 shares.

About TechD Cybersecurity (aka TechDefence)

Established in January 2017, TechD Cybersecurity Ltd—formerly known as TechDefence Labs—focuses on delivering advanced, reliable cybersecurity solutions. The company provides a wide range of services including:

• Managed Security Services Provider (MSSP) solutions
• Cyber Program Managed Services
• Vulnerability Assessment and Penetration Testing (VAPT)
• Compliance and Specialized Services
• Staff Augmentation to meet varied client requirements

Its client roster features prominent names such as Adani Group, Zensar Technologies Limited, Astral Limited, Kedia Capital, 1 Cyber Valley, ETO GRUPPE Technologies GmbH, and IQM Corporation.

Leadership

• Founder & Promoter: Sunny Vaghela, an ethical hacker and Indian entrepreneur with over 15 years of experience in IT and information security.
• Sunny has led the TechDefence training team for more than 7 years, conducting 650+ workshops and training 80,000+ students and professionals across universities and organizations.

Financial Highlights

• Revenue: ₹30.23 crore in FY2025 vs. ₹15.36 crore in FY2024
• Profit: ₹8.40 crore in FY2025 vs. ₹3.24 crore in FY2024

Grey Market Premium (GMP)

As of Monday, 15 September 2025, the TechD Cybersecurity IPO GMP stood at ₹158. This indicates that the shares were trading in the grey market at around ₹351, representing a ₹158 premium over the issue price of ₹193.