TechDefence Labs IPO Sees Exceptional Demand, Subscribed 718.30x on Day 3

TechDefence Labs Solutions Limited's initial public offering (IPO) has demonstrated exceptional investor interest through its third and final day of subscription, with TechDefence Labs's stock price set at ₹183-193 per share reflecting outstanding market reception. The ₹38.99 crore IPO reached 718.30 times by 5:15:00 PM on day three, indicating exceptional investor interest in this cybersecurity solutions provider incorporated in 2017.

The TechDefence Labs IPO non-institutional investors segment leads with remarkable 1,279.03 times subscription, whilst individual investors demonstrate exceptional participation at 726.06 times and qualified institutional buyers (ex-anchor) show impressive interest at 284.17 times, reflecting outstanding investor confidence in this company.

IPO Subscription Status

Detailed Subscription (as of Day 3 – September 17, 2025, 5:15:00 PM)

Key Highlights – Day 3

• Overall subscription reached exceptional 718.30 times, showing remarkable improvement from day two's 97.06 times.
• bNII category demonstrating remarkable performance at 1,517.95 times, building dramatically from day two's 194.84 times.
• Non-institutional investors displaying remarkable performance at 1,279.03 times, building substantially from day two's 173.64 times.
• sNII segment showing exceptional interest at 801.19 times, building substantially from day two's 131.25 times.
• Individual investors displaying exceptional confidence at 726.06 times, building substantially from day two's 115.43 times.
• Qualified institutional buyers displaying impressive confidence at 284.17 times, building dramatically from day two's 7.48 times.
• Total applications reached 4,92,682, indicating massive investor participation for this SME IPO.
• Cumulative bid amount reached ₹18,632.10 crores, significantly exceeding the issue size of ₹38.99 crores.

TechDefence Labs IPO – Day 2 Subscription at 97.06 Times

Key Highlights – Day 2

• Overall subscription reaching impressive 97.06 times, showing substantial improvement from day one's 13.81 times.
• bNII segment demonstrating impressive performance at 194.84 times, building substantially from day one's 12.93 times.
• Non-institutional investors displaying impressive performance at 173.64 times, building substantially from day one's 15.62 times.
• sNII category showing impressive interest at 131.25 times, building substantially from day one's 21.00 times.
• Individual investors displaying impressive confidence at 115.43 times, building substantially from day one's 20.68 times.
• Qualified institutional buyers showing strong performance at 7.48 times, building substantially from day one's 0.43 times.

TechDefence Labs IPO – Day 1 Subscription at 13.81 Times

Key Highlights – Day 1

• Overall subscription reached strong 13.81 times, showing exceptional opening day investor interest.
• sNII segment showing strong interest at 21.00 times, indicating substantial smaller HNI participation.
• Individual investors displaying strong confidence at 20.68 times, showing robust retail sentiment.
• Non-institutional investors showing strong performance at 15.62 times, indicating substantial HNI appetite.
• bNII category demonstrating strong performance at 12.93 times, showing significant larger HNI interest.
• Qualified institutional buyers showing limited performance at 0.43 times, demonstrating cautious institutional appetite.

About TechDefence Labs Solutions Limited

Established in January 2017, TechDefence Labs Solutions Limited is a cybersecurity firm specializing in safeguarding digital assets for organizations worldwide, offering comprehensive services including VAPT, SOC services, cybersecurity consulting, and domain training. The company serves clients such as Adani Group, Zensar Technologies, and Astral Limited with 147 employees as of June 30, 2025.