TechD Cybersecurity Makes Strong Debut on NSE SME Platform After Blockbuster IPO
TechD Cybersecurity, also known as TechDefence Labs, listed on NSE's SME platform following an IPO that was oversubscribed 720 times. The IPO aimed to raise Rs 39 crore with a price band of Rs 183-193 per share. The company's financials show significant growth, with revenue increasing from Rs 154 crore to Rs 302 crore and profit after tax rising from Rs 3.24 crore to Rs 8.40 crore. TechD Cybersecurity maintains a 40% EBITDA margin and 28% PAT margin. The IPO proceeds will be used for talent investment, establishing a Global Security Operations Centre in Ahmedabad, and general corporate purposes. The company offers various cybersecurity services and serves notable clients including Adani Group and Zensar Technologies.
*this image is generated using AI for illustrative purposes only.
TechD Cybersecurity, also known as TechDefence Labs, made a remarkable debut on the National Stock Exchange's (NSE) Small and Medium Enterprises (SME) platform following an extraordinary response to its Initial Public Offering (IPO). The cybersecurity firm's listing marks a significant milestone in its journey and highlights the growing investor interest in the tech security sector.
IPO Performance
The company's IPO, which aimed to raise Rs 39 crore, witnessed an overwhelming response from investors across categories:
- Overall Subscription: The issue was oversubscribed by a staggering 720 times, indicating robust demand.
- Retail Investor Interest: Retail investors showed exceptional enthusiasm, with the retail portion being subscribed 726 times.
- Institutional Backing: Qualified institutional buyers (QIBs) also demonstrated strong confidence, subscribing 284 times their allotted portion.
IPO Details
- Price Band: The IPO was priced in the range of Rs 183-193 per share.
- Grey Market Premium: The stock commanded a grey market premium of 109%, suggesting a potential listing price of Rs 403 per share against the issue price of Rs 193.
Financial Performance
TechD Cybersecurity has showcased impressive financial growth:
| Metric | FY24 | FY25 | Growth |
|---|---|---|---|
| Revenue | 154.00 | 302.00 | 96% |
| Profit After Tax | 3.24 | 8.40 | 159% |
*All figures in Rs crore
The company maintains healthy profitability with:
- EBITDA Margin: 40%
- PAT Margin: 28%
Utilization of IPO Proceeds
The funds raised through the IPO will be allocated towards:
- Talent investment
- Establishment of a Global Security Operations Centre in Ahmedabad
- General corporate purposes
Business Overview
TechD Cybersecurity offers a range of cybersecurity services, including:
- Vulnerability assessment
- Managed security
- Compliance
- Consulting
The company has built a diverse client base, serving notable organizations such as:
- Adani Group
- Zensar Technologies
- Astral
- Various European clients
Market Outlook
The strong investor response to TechD Cybersecurity's IPO and its impressive financial performance underscore the growing importance of cybersecurity in today's digital landscape. As businesses increasingly prioritize data protection and security, companies like TechD Cybersecurity are well-positioned to capitalize on this trend.
The successful listing of TechD Cybersecurity on the NSE SME platform not only provides growth capital for the company but also offers retail and institutional investors an opportunity to participate in the expanding cybersecurity sector. As the company moves forward, its ability to maintain strong growth and profitability while expanding its service offerings will be crucial in determining its long-term success in this competitive and rapidly evolving industry.
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