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New Delhi: TechDefence Labs IPO, backed by ace investors Vikay Kedia, received strong response from the investors as the book build issue of Rs 38.99 crore closed with 667.98 times subscription on September 17 (Wednesday), the final day of bidding.
There is a strong buzz for the SME IPO as Kedia holds a 7.2% stake along with a solid grey market premium (GMP). TechDefence Labs IPO price band was set in the range of Rs 183 to Rs 193 per share. The issue is entirely a fresh issue of 0.20 crore shares of Rs 38.99 crore.
TechD Cybersecurity Limited SME IPO GMP skyrocketed. With GMP rising to Rs 195 on September 18 morning, the shares are expected to be listed with around 100 per cent gains at Rs 388 per equity share.
Investors were allowed to make their bids for TechDefence Labs IPO from September 15, 2025 and will close on 17th September. The allotment of shares was finalised on September 18, 2025. The SME stock will list on NSE SME with a tentative date fixed as September 22.
GYR Capital Advisors Pvt Ltd is the book running lead manager of the IPO and Purva Sharegistry (India) Pvt Ltd is the registrar of the issue.
There is another option to check TechD Cybersecurity IPO allotment status
In its draft papers filed with the SEBI, TechD Cybersecurity had mentioned that it will utilise the proceeds from the IPO to invest in human resources, capital expenditure for setting up a global security operation centre (GSOC) at Ahmedabad, as well as for general corporate purposes.
TechD Cybersecurity came into existence in 2017 and is in the business of providing customer-centric cybersecurity solutions delivering end-to-end services to enterprises to help businesses stay secure in the digital world.
The services offered by the company include:
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, gold and crypto assets.)
