TECHDEFENCE LABS' IPO DRAWS RECORD 718X SUBSCRIPTION AHEAD OF NSE SME LISTING

IPO success and new leadership mark a defining chapter in TechD Cybersecurity's mission to secure Digital Bharat

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In a remarkable demonstration of investor confidence and sectoral growth, TechDefence Labs Solutions Ltd, now rebranded as TechD Cybersecurity, has created history with its record-breaking SME IPO, which was oversubscribed 718 times. The ₹38.99 crore issue—open from September 15 to September 17, 2025—has positioned TechD as one of India's most sought-after cybersecurity innovators.

The IPO, priced at ₹193 per share, offered 20.20 lakh fresh equity shares, attracting massive participation across investor classes: non-institutional investors (1,279x), retail investors (726x), and qualified institutional buyers (284x). Ahead of its NSE SME platform listing on September 22, the issue carried a Grey Market Premium (GMP) of about ₹210, signaling a bullish debut.

“This IPO is a milestone in our journey of securing the digital future,” said Sunny Vaghela, Chairman & CEO, TechD Cybersecurity. “The overwhelming response from investors validates our vision of building a global cybersecurity powerhouse from India. With the proceeds, we will scale our security operations, expand our global footprint, and continue to innovate in AI-driven defense technologies that protect enterprises against ever-evolving threats.”

A Landmark for India's Cybersecurity Market