TechD Cybersecurity IPO Subscription Status

The TechD Cybersecurity IPO, earlier known as TechDefence Labs, continues to see heavy investor demand. By 5:00 PM on 16 September 2025 (Day 2), the IPO was oversubscribed 96.62 times.

• Qualified Institutional Buyers (QIBs): subscribed 7.48x
• Non-Institutional Investors (NII): subscribed 173.49x
• Retail Individual Investors (RII): subscribed 114.61x

By the close of Day 2, the company had received 12,98,52,600 bids against the total 13,44,000 shares on offer, reflecting exceptional interest across investor categories.

Day-wise subscription trend:

• Day 1 (15 Sept 2025): 13.68x subscription
• Day 2 (16 Sept 2025): 96.62x subscription

About TechD Cybersecurity

Founded in January 2017, TechD Cybersecurity Ltd—originally known as TechDefence Labs—is a fast-growing cybersecurity solutions provider. The company delivers a wide range of managed and professional security services, including:

• Managed Security Services Provider (MSSP) solutions
• Cyber Program Managed Services
• Vulnerability Assessment and Penetration Testing (VAPT)
• Regulatory and Compliance Services
• Specialized Cybersecurity Consulting
• Staff Augmentation for security teams

Clientele: TechD serves major domestic and international clients such as Adani Group, Zensar Technologies, Astral Limited, Kedia Capital, 1 Cyber Valley, ETO GRUPPE Technologies GmbH (Germany), and IQM Corporation (Singapore).

The company’s headquarters are in Ahmedabad, Gujarat, with operations expanding across India and strategic overseas markets to meet the rising demand for cybersecurity services.

Leadership & Promoters

The company is spearheaded by Founder and Promoter Sunny Vaghela, a renowned ethical hacker and entrepreneur with over 15 years of experience in IT and information security.

• Sunny has led the training division for more than 7 years, conducting 650+ workshops and mentoring 80,000+ students and professionals across universities, government bodies, and Fortune 500 companies.
• He is recognized as a keynote speaker at global cybersecurity conferences and has been featured in multiple industry publications for his expertise.

Financial Performance

TechD Cybersecurity has posted strong growth over the last year:

• Revenue: ₹30.23 crores in FY2025, up from ₹15.36 crores in FY2024 (nearly 97% year-on-year growth).
• Net Profit: ₹8.40 crores in FY2025, compared to ₹3.24 crores in FY2024 (>150% increase).
• EBITDA Margin: Improved significantly to an estimated 28%, reflecting operational efficiency and high-value service delivery.

Grey Market Premium (GMP)

As of Tuesday, 16 September 2025, the TechD Cybersecurity IPO GMP stood at ₹160. This suggests the shares were trading at around ₹353 in the grey market, representing a ₹160 premium over the issue price of ₹193.