Vijay Kedia-backed TechD Cybersecurity to launch Rs 39-cr IPO on Sept 15

The offering is a complete fresh issue of a little over 20.20 lakh equity shares, aggregating to Rs 38.99 crore.

Vijay Kedia-backed TechD Cybersecurity on Tuesday announced the price band for its upcoming IPO at Rs 183-193 per share, aiming to raise about Rs 39 crore.

The issue will open for subscription on September 15 and close on September 17, while bidding for anchor investors will be held on September 12, according to its red herring prospectus filed on Monday.

The offering is a complete fresh issue of a little over 20.20 lakh equity shares, aggregating to Rs 38.99 crore.

Of the proceeds, around Rs 26.09 crore is earmarked for investment in human resources, nearly Rs 5.89 crore will go towards establishing a global security operations centre in Ahmedabad, and the remainder will be utilised for general corporate purposes.

"With this IPO, our goal is to scale up our international footprint across North America, the Middle East, Africa, and Australia, while also positioning Gujarat as India's cybersecurity hub," said Sunny Vaghela, Chairman and MD of TechD Cybersecurity.

Founded in January 2017 as TechDefence Labs Solutions, the company specialises in protecting digital assets for global enterprises. Its offerings include MSSP solutions, cyber programme management, compliance services, specialised security services, and staff augmentation.

To date, TechD has worked with over 470 clients, including Adani Group, Zensar Technologies, Astral, Torrent, Kedia Capital, ETO Gruppe Technologies, and IQM Corporation. On the financial side, TechD Cybersecurity reported a revenue of Rs 29.8 crore and a net profit of Rs 8.40 crore in FY25.

The shares are proposed to be listed on the NSE SME platform Emerge. GYR Capital Advisors is acting as the sole book-running lead manager, while Purva Sharegistry (India) Pvt Ltd will serve as the registrar to the issue.