TechDefence Labs' IPO shares soared from ₹193 to ₹385 upon listing on NSE SME today, resulting in an approximate 100% gain for investors. The company boasts b financial health and provides cybersecurity services. Of the ₹38.99 crore raised through the IPO, the main investments will be in human resources and a Security Operations Center in Ahmedabad.
TechD Labs IPO Listing: TechDefence Labs Solutions, a cybersecurity firm, listed its IPO on NSE SME today. Shares priced at ₹193 listed at ₹366.70 and reached the upper circuit at ₹385, providing investors with an almost 100% gain. The company's financial health is robust, with a net profit of ₹8.40 crore in FY2025. Out of the ₹38.99 crore raised from the IPO, ₹26.1 crore will be invested in human resources and ₹5.9 crore in a Global Security Operations Center in Ahmedabad, with the remaining amount allocated for general corporate purposes.
Overwhelming Response to IPO
The TechDefence Labs IPO was open for subscription between September 15 and 17. It was an IPO worth ₹38.99 crore. Investor response was overwhelming, with the issue receiving a total subscription of 718 times. The Qualified Institutional Buyers (QIB) portion was subscribed 284.17 times. The Non-Institutional Investors (NII) portion saw 1279.03 times subscription, and the retail investors' portion was subscribed 726.06 times. Under this IPO, 2,020,200 fresh shares with a face value of ₹10 each were issued.
Utilization of Funds Raised
Out of the funds raised from the IPO, ₹26.1 crore will be invested in human resources, and ₹5.9 crore will be spent on setting up a Global Security Operations Center in Ahmedabad. The remaining amount will be utilized for general corporate purposes. The company aims to strengthen its operations and services and will use these funds for expansion.
TechDefence Labs' Services and Clients
TechDefence Labs Solutions was established in January 2017. This cybersecurity firm protects the digital assets of companies worldwide. The company provides services such as MSSP Solutions, Cyber Program Management, VAPT (Vulnerability Assessment and Penetration Testing), and Compliance Services. Its clients include Zensar Tech, Astral, Kedia Capital, 1 Cyber Valley, and IQM Corporation.
Financial Performance
The company's financial health has consistently remained b. In FY2023, the company's net profit was ₹94 lakh. This increased to ₹3.24 crore in FY2024 and further to ₹8.40 crore in FY2025. The company's total income grew at a Compound Annual Growth Rate (CAGR) of 99 percent annually, reaching ₹30.23 crore. Regarding reserves and surplus, it stood at ₹1.55 crore at the end of FY2023, rising to ₹4.79 crore in FY2024 and ₹16.68 crore in FY2025.
Impact of Market Listing
Upon listing on NSE SME, the share showed b performance. Enthusiasm among investors was evident. The share price at the time of listing was ₹193, but it immediately opened at ₹366.70. Subsequently, it reached the upper circuit at ₹385. This proved to be a major success for investors, effectively doubling their money.
The listing of TechDefence Labs clearly indicates a growing investor interest in the cybersecurity sector. The demand for company security in the digital world is continuously rising. Given the rapid growth of this sector, the company has provided benefits to investors through its IPO.
