TechDefence Labs IPO: Key Details, Review, and Investment Outlook
12 September 2025 · Sachin Gadekar
Everything You Need to Know About TechDefence Labs IPO 2025
Introduction
The Indian IPO market continues to grow at an unprecedented pace, with technology-driven businesses gaining strong investor interest. Among the latest entrants is TechDefence Labs Solutions Limited, a specialized cybersecurity company catering to enterprises across industries. The TechDefence Labs IPO is set to open in September 2025, aiming to raise ₹38.99 crore through a book-built issue.
In this article, we’ll explore TechDefence Labs IPO review, price band, date, lot size, financials, reservation, and growth potential to help you evaluate whether this IPO is a worthwhile investment.
TechDefence Labs IPO Details
| Particulars | Details |
|---|---|
| IPO Date | September 15, 2025 – September 17, 2025 |
| Listing Date | September 22, 2025 (Tentative) |
| Face Value | ₹10 per share |
| Price Band | ₹183 – ₹193 per share |
| Lot Size | 600 shares |
| Issue Size | 20,20,200 shares (₹38.99 crore) |
| Issue Type | Book-built IPO |
| Listing | NSE SME |
| Lead Manager | GYR Capital Advisors Pvt. Ltd. |
| Registrar | Purva Sharegistry (India) Pvt. Ltd. |
| Market Maker | Giriraj Stock Broking Pvt. Ltd. |
TechDefence Labs IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | September 15, 2025 |
| IPO Close Date | September 17, 2025 |
| Basis of Allotment | September 18, 2025 |
| Refunds Initiation | September 19, 2025 |
| Credit of Shares | September 19, 2025 |
| Listing Date | September 22, 2025 |
TechDefence Labs IPO Lot Size & Investment
| Category | Lots | Shares | Amount (at ₹193) |
|---|---|---|---|
| Retail (Min/Max) | 2 | 1,200 | ₹2,31,600 |
| S-HNI (Min) | 3 | 1,800 | ₹3,47,400 |
| S-HNI (Max) | 8 | 4,800 | ₹9,26,400 |
| B-HNI (Min) | 9 | 5,400 | ₹10,42,200 |
TechDefence Labs IPO Reservation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 9,58,800 | 47.46% |
| NII (HNI) | 2,88,000 | 14.26% |
| Retail Investors | 6,72,000 | 33.26% |
| Market Maker | 1,01,400 | 5.02% |
About TechDefence Labs Solutions Limited
Founded in 2017, TechDefence Labs is a cybersecurity company specializing in end-to-end digital security services. Its offerings include:
VAPT (Vulnerability Assessment & Penetration Testing) – Identifying risks in web and mobile applications.
SOC (Security Operations Center) Services – Continuous monitoring of cyber threats.
Cybersecurity Consulting – Risk management, compliance, and regulatory guidance.
MSSP Solutions – Managed security services for enterprises.
Domain Training – Professional workshops and bootcamps on cybersecurity practices.
The company caters to top clients such as Adani Group, Zensar Technologies, Astral Limited, Kedia Capital, and IQM Corporation. With a team of 147 employees (as of June 2025), TechDefence Labs is recognized for its CERT-In empanelment and strong relationships with OEMs.
Competitive Strengths
Strong presence in the cybersecurity services ecosystem.
Qualified promoters and experienced management team.
Robust client portfolio across industries.
Regulatory recognition and CERT-In empanelment.
Strong financial growth with a 97% revenue increase in FY 2025.
TechDefence Labs Financial Performance
| Financials (₹ Cr) | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Total Income | 30.23 | 15.36 | 7.59 |
| Profit After Tax | 8.40 | 3.24 | 0.94 |
| EBITDA | 12.24 | 4.91 | 1.36 |
| Net Worth | 22.14 | 4.80 | 1.56 |
| Assets | 29.08 | 9.14 | 6.98 |
TechDefence Labs Key Ratios (FY 2025)
| KPI | Value |
|---|---|
| ROE | 62.33% |
| ROCE | 54.25% |
| PAT Margin | 28.18% |
| EBITDA Margin | 40.48% |
| Debt/Equity | 0.01 (low debt company) |
| Market Cap | ₹144.36 crore |
TechDefence Labs IPO Review
The IPO comes at a time when cybersecurity demand is at its peak, driven by digital transformation, cloud adoption, and rising cyber threats in India. The company’s:
Strong financial growth trajectory,
Wide range of cybersecurity services,
Diversified client base, and
Minimal debt levels
make it a compelling proposition for investors.
However, being an SME IPO, liquidity may remain limited compared to mainboard IPOs. Investors must also evaluate valuation carefully, with the IPO priced at a P/BV of 4.76.
Should You Subscribe?
For investors seeking exposure to the growing cybersecurity sector, TechDefence Labs IPO presents a strong case. Its rapid revenue growth, high margins, and regulatory recognition indicate long-term potential. However, risk-averse investors may want to weigh liquidity risks typical of SME listings.
FAQs on TechDefence Labs IPO
Q1. What is TechDefence Labs IPO price band?
The price band is ₹183 to ₹193 per share.
Q2. When is the TechDefence Labs IPO open and close date?
The IPO opens on September 15, 2025 and closes on September 17, 2025.
Q3. What is the lot size for TechDefence Labs IPO?
Investors must apply for a minimum of 600 shares, with retail investors required to apply for 1,200 shares (₹2,31,600).
Q4. On which exchange will TechDefence Labs IPO list?
It will list on NSE SME.
Q5. Is TechDefence Labs IPO worth investing in?
The company has shown strong financial growth and operates in a high-demand sector. It may be a good long-term bet, but investors should consider valuation and SME market risks.