TechD Cybersecurity IPO

TechD Cybersecurity IPO is a book build of ₹38.99 crores. The issue is totally a fresh issue of 0.20 crore shares for ₹38.99 crore. TechD Cybersecurity’s initial public offering (IPO) begins on September 15, 2025 and ends on September 17, 2025. The allotment for TechD Cybersecurity's IPO is expected to be finalized on September 18, 2025. The TechD Cybersecurity IPO will list on NSE SME, with a tentative listing date of September 22, 2025. TechD Cybersecurity’s IPO pricing range is set at ₹183.00 to ₹193.00 per share. The lot size for an application has been kept at 600. Individual investors can invest a minimum of ₹2,31,600.00 (1,200 shares) based on the higher price.

Company Background

TechD Cybersecurity originally TechDefence Labs Solutions was founded in January 2017 as a cybersecurity firm specializing in digital asset protection for organizations worldwide. The company offers a wide range of services such as MSSP solutions, cyber program management, compliance services, specialist services, and employment increment. TechD Cybersecurity has provided its services to over 470 clients, which include Adani Group, Zensar Technologies, Astral, Torrent, Kedia Capital, ETO Gruppe Technologies, and IQM Corporation.

Operations and Product range

Facility & Production

TechD Cybersecurity is based in Ahmedabad, Gujarat, which is investing heavily in its facility and production capabilities. The company is setting up a large integrated cybersecurity campus in Ahmedabad called the "TechDefence Cyber Valley".

TechDefence (TechD) Cybersecurity offers end-to-end cybersecurity services, including Vulnerability Assessment & Penetration Testing (VAPT), Security Operations Center (SOC) services, managed security services (MSSP), cyber program management, compliance services, and specialized services like Dark Web monitoring and Red Teaming. Their offerings also extend to staff augmentation to fill cybersecurity talent gaps and consulting. TechD provides these services to a range of industries, including BFSI, manufacturing, healthcare, and aviation.

Brands and Market Presence

TechD Cybersecurity market presence includes established ties with OEM partners such as Crowdstrike and Palo Alto, ISO 27001 accreditation, and a broad client base in the BFSI and corporate industries. It operates in a rapidly expanding Indian cybersecurity sector, fueled by the use of AI/ML, IoT, and cloud technologies for improved threat detection and response. TechD uses these technologies and managed services to provide customized cybersecurity solutions, reflecting a global trend toward more integrated and smarter security approaches.

Revenue Channels

• Cyber Program Management entails managing and developing complete cybersecurity strategies for enterprises.
• Managed Security Service Provider (MSSP) solutions provide clients with proactive cybersecurity monitoring, threat intelligence and risk management solutions.
• Vulnerability assessment and penetration testing (VAPT) is the process of identifying and mitigating vulnerabilities in applications and systems.

Management and Shareholding

Promoters and Shareholding

The promoters are Abhiraj Singh Bhal, Raghav Chandra, and Varun Khaitan, who held 86.61% of the promoter shareholding before its Initial Public Offering (IPO), which is scheduled to be concluded on September 16, 2025, with their post-IPO shareholding being 63.22%.

Board Members

Sunny Piyushkumar Vaghela is the founder, CEO, and Managing Director. Vaghela is a well-known ethical hacker and cybersecurity expert in India. He is joined by Mr. Vaghela Piyush Rasiklal as the Executive Director. The board also features a group of independent directors who provide additional oversight and expertise. The non-executive and independent directors are Mr. Manan Dinesh Pancholi, Mr. Mukeshkumar Devichand Jain, Ms. Vandana Nagpal, and Mr. Hemant Mishra.