TechD Cybersecurity Unveils Rs 40-Crore SME IPO with Rs 183-193 Price Band
TechD Cybersecurity Ltd., backed by Vijay Kedia, is launching an SME IPO to raise Rs 40 crore. The price band is set at Rs 183-193 per share, with a minimum lot size of 600 shares. The subscription period is from September 15 to 17, with listing on NSE's SME platform Emerge. The company, established in 2017, provides end-to-end digital security services and has served over 470 clients including Adani Group and Zensar Technologies. Funds will be used for human resources, a global security operation center, and general corporate purposes.
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TechD Cybersecurity Ltd., a company backed by investor Vijay Kedia, is set to launch its Small and Medium Enterprise (SME) initial public offering (IPO) to raise Rs 40 crore. The cybersecurity firm has announced a price band of Rs 183-193 per share for its upcoming public issue.
IPO Details
- Issue Size: Rs 40.00 crore
- Price Band: Rs 183-193 per share
- Lot Size: Minimum 600 shares
- Subscription Period: September 15 - September 17
- Anchor Investor Bidding: September 12
- Listing: NSE's SME platform Emerge
The public issue comprises a fresh issue of over 20.20 lakh equity shares, amounting to Rs 38.99 crore at the upper price band.
Company Overview
TechD Cybersecurity, established in January 2017, specializes in providing end-to-end digital security services. Their offerings include:
- Managed Security Service Provider (MSSP) solutions
- Cyber Program Management
- Vulnerability Assessment and Penetration Testing (VAPT)
- Compliance Services
The company has built an impressive client base, serving over 470 clients since its inception. Notable clients include Adani Group, Zensar Technologies, Astral, and Torrent.
Fund Utilization
The proceeds from the IPO will be allocated as follows:
| Purpose | Amount (in Rs crore) |
|---|---|
| Human resources investment | 26.09 |
| Capital expenditure for global security operation center in Ahmedabad | 5.89 |
| General corporate purposes | Remaining balance |
Market Impact
As a cybersecurity company entering the public market, TechD Cybersecurity's IPO reflects the growing importance of digital security in the corporate landscape. The company's client list, which includes major players across various industries, underscores the increasing demand for robust cybersecurity solutions in India's rapidly digitalizing economy.
Investors interested in the SME sector and the cybersecurity industry will be closely watching this IPO. The backing of Vijay Kedia, a well-known investor, may also attract attention to this public offering.
Potential investors are advised to carefully review the company's prospectus and consider their financial goals before making any investment decisions.
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