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Techdefence Labs Solutions Ltd

Techdefence Labs Solutions IPO

  • Status: Closed
  • RHP:
  • ₹ 219,600 / 1200 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    22 Sep 2025

  • Listing Price

    ₹ 366.70

  • Listing Change

    90.00%

  • Last Traded Price

    ₹ 699.75

Techdefence Labs Solutions IPO Details

  • Open Date

    15 Sep 2025

  • Close Date

    17 Sep 2025

  • Listing Date

    22 Sep 2025

  • IPO Price Range

    ₹ 183 – ₹193

  • IPO Size

    ₹ 37.03 Cr

  • Listing Exchange

    NSE SME

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Timeline Subscription Status Financials SWOT FAQ Contacts

Techdefence Labs Solutions IPO Timeline

Techdefence Labs Solutions IPO Subscription Status

Last Updated: 17 September 2025 6:43 PM by 5paisa

Established in 2017, TechDefence Labs Solutions Limited is a global cybersecurity company dedicated to securing digital assets for organisations. Its services span Managed Security Services Provider (MSSP) solutions, Cyber Programme Management, Vulnerability Assessment and Penetration Testing (VAPT), Compliance and Specialised Services, and Staff Augmentation.
The company collaborates with prominent clients, including the Adani Group, Zensar Technologies, Astral Limited, Kedia Capital, 1 Cyber Valley, ETO GRUPPE Technologies GmbH, and IQM Corporation.


Established in: 2017
MD: Mr. Sunny Piyushkumar Vaghela

Peers

Sattrix Information Security
Tac Infosec Limited
 

Techdefence Labs Solutions Objectives

Investment in human resources — ₹260.92 lakh
Capital expenditure for Operations Centre (GSOC) at Ahmedabad — ₹58.88 lakh
General corporate purposes
 

Techdefence Labs Solutions IPO Size

Types Size
Total IPO Size ₹37.03 Cr
Offer For Sale 0.00
Fresh Issue ₹37.03 Cr

 

Techdefence Labs Solutions IPO Lot Size

Application Lots Shares Amount (₹)
Retail (Min) 2 1,200 2,19,600
S-HNI (Min) 3 1,800 3,29,400
S-HNI (Max) 8 4,800 8,64,000
B-HNI (Min) 9 5,400 9,72,000

Techdefence Labs Solutions IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB (Ex Anchor) 284.17 9,60,000 10,91,22,000 2,106.05
NII (HNI) 1,278.89 7,20,000 36,83,21,400 7,108.60
Individual Investors (IND category bidding for 2 Lots)     725.62 16,78,400 48,76,17,600 9,411.02
Total** 718.05 33,58,400 96,50,61,000 18,625.68

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY24 FY25
Revenue 7.59 15.36 30.23
EBITDA 1.36 4.91 12.24
PAT 0.94 3.24 8.40
Particulars (in Rs. Crores) FY23 FY24 FY25
Total Assets 6.98 9.14 29.08
Share Capital 0.01 0.01 5.46
Total Borrowing 1.64 1.81 0.32
Particulars (in Rs. Crores) FY23 FY24 FY25
Net Cash Generated From / (used in) operating activities 0.01 -1.16 -2.38
Net Cash Generated From / (used in) investing activities -0.25 -0.008 -2.62
Net Cash Generated From / (used in) financing activities 1.59 -0.25 6.95
Net Increase (Decrease) In Cash And Cash Equivalents 1.35 -1.42 1.95


Strengths

1. CERT-In empanelled cybersecurity provider.
2. Diverse service portfolio (MSSP, SOC, consulting, training).
3. Experienced promoters and management team.
4. Strong client base and OEM partnerships.
 

Weaknesses

1. Reliance on a niche domain; growth requires constant talent addition.
2. Limited international scale compared with global giants.
3. Expanding client base affecting cash flows.
4. High employee benefit expense belongs to an employee-intensive industry.
 

Opportunities

1. Rising cyber threats boost demand for security solutions.
2. Expansion via Global SOC and new service models.
3. High-growth sector with strong regulatory push.
4. Major initiatives taken by the government to promote the IT and ITeS sectors.
 

Threats

1. Intense competition from global cybersecurity firms.
2. Rapid technological changes in cyberattack methods.
3. Dependence on skilled manpower availability.
4. Concentration of revenue from a few clients.
 

1. Robust growth: Revenue nearly doubled YoY in FY25, PAT up 159%.
2. Comprehensive service portfolio: Covers VAPT, SOC, consulting, training, and MSSP.
3. Strong client base: Trusted by large Indian and global enterprises.
4. Clear IPO objectives: Focus on expanding human capital and setting up a Global SOC centre.
 

India’s cybersecurity industry is growing at a rapid pace as digitalisation accelerates across enterprises, government, and consumers. With rising cyberattacks, regulatory oversight, and adoption of cloud and AI-driven technologies, the sector is expected to witness multi-year growth.

TechDefence Labs, with its integrated service model and CERT-In empanelment, is well-positioned to capture opportunities in managed services, training, and compliance, particularly as demand for skilled cybersecurity professionals continues to rise.
 

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FAQs

The TechDefence Labs IPO opens on September 15, 2025 and closes on September 17, 2025.
 

The TechDefence Labs IPO size is ₹37.03 crore, entirely a fresh issue.
 

The price band of TechDefence Labs IPO is fixed at ₹183 to ₹193 per share.
 

To apply for the TechDefence Labs IPO, follow the steps given below:

  • Login to your 5paisa account and select the issue in the current IPO section    
  • Enter the number of lots and the price at which you wish to apply for the TechDefence Labs IPO.    
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of TechDefence Labs IPO is 2 lots, consisting of 1,200 shares & minimum Investment of ₹2,19,600.
 

TechDefence Labs IPO Allotment will be on September 18, 2025.
 

The TechDefence Labs IPO is expected to list on NSE SME on September 22, 2025.
 

GYR Capital Advisors Pvt. Ltd. is the lead manager of TechDefence Labs IPO.

TechDefence Labs plans to utilise the raised capital from the IPO for:

  • Investment in human resources — ₹260.92 lakh
  • Capital expenditure for Operations Centre (GSOC) at Ahmedabad — ₹58.88 lakh
  • General corporate purposes