TechDefence Labs SME IPO GMP Price & Allotment

Introduction to TechDefence Labs SME IPO

The TechDefence Labs SME IPO is generating significant buzz in the Indian stock market as one of the most promising SME IPOs of 2025. As a leading cybersecurity solutions provider, TechDefence Labs is poised to capitalize on the growing demand for digital security. With a robust IPO GMP (Grey Market Premium) and strong financials, this ₹38.99 crore book-build issue is attracting both retail and institutional investors. This guide covers the TechDefence Labs SME IPO details, including price band, GMP IPO, allotment, and expert analysis to help Indian investors make informed decisions.

Table of Contents

• TechDefence Labs SME IPO Overview

• IPO GMP: Latest Trends

• Company Snapshot

• Financial Performance

• IPO Reservation and Objectives

• Should You Apply for TechDefence Labs SME IPO?

• FAQs on TechDefence Labs SME IPO

TechDefence Labs SME IPO Overview

The TechDefence Labs SME IPO is a book-build issue of ₹38.99 crore, comprising a fresh issue of 20,20,200 equity shares. Launched to fund expansion in the cybersecurity sector, the IPO is listed on the NSE SME platform.

Key IPO Details

• Issue Size: ₹38.99 crore

• Shares Offered: 20,20,200 equity shares

• Price Band: ₹183–₹193 per share

• Lot Size: 600 shares

• Minimum Investment (Retail): ₹2,31,600 (1,200 shares at ₹193)

• Minimum Investment (HNI): ₹3,47,400 (1,800 shares)

• IPO Opens: September 15, 2025

• IPO Closes: September 17, 2025

• Allotment Date: September 18, 2025

• Listing Date: September 22, 2025

• Registrar: Purva Sharegistry (India) Pvt. Ltd.

• Lead Manager: GYR Capital Advisors Pvt. Ltd.

The TechDefence Labs SME IPO targets growth in a high-demand sector, making it a compelling pick for investors seeking exposure to cybersecurity.

IPO GMP: Latest Trends

The TechDefence Labs IPO GMP is a critical indicator of market sentiment. As of September 11, 2025, the GMP IPO stands at ₹158, reflecting strong investor interest. With the upper price band at ₹193, the estimated listing price is approximately ₹351, suggesting an 81.87% listing gain. This robust live IPO GMP underscores optimism but comes with a disclaimer: grey market premiums are unofficial and speculative.

GMP Trend Analysis

• High GMP: Peaked at ₹151 on September 11, up from ₹100 on September 9.

• Stability: Expected to hold steady until listing, barring major market shifts.

• Implication: Indicates strong demand, likely driving oversubscription.

Track live IPO GMP on platforms like IPOWatch or Chittorgarh for daily updates.

Company Snapshot

Founded in January 2017, TechDefence Labs Solutions Ltd. (also known as TechD Cybersecurity) is a cybersecurity firm specializing in safeguarding digital assets. Its services include:

• Vulnerability Assessment & Penetration Testing (VAPT): Identifying risks in apps and IT systems.

• Security Operations Center (SOC): Real-time monitoring and incident response.

• Compliance & Cyber Program Management: Ensuring regulatory adherence.

• Domain Training: Upskilling professionals in cybersecurity.

The company serves high-profile clients like Adani Group, Zensar Technologies, Astral Ltd., Kedia Capital, ETO GRUPPE, and IQM Corporation. Promoters Mr. Sunny Piyushkumar Vaghela and Mr. Vaghela Piyush Rasiklal, with extensive cybersecurity expertise, lead the firm. Pre-issue promoter holding is 86.61%, with dilution post-issue due to the fresh share offering.

Financial Performance

TechDefence Labs showcases impressive financial growth, making it a standout in the SME IPO space:

• Revenue: ₹30.23 crore in FY25 (up 97% from ₹15.36 crore in FY24).

• Profit After Tax (PAT): ₹8.40 crore in FY25 (up 159% from ₹3.24 crore in FY24).

• EBITDA: ₹12.24 crore in FY25 (up from ₹4.91 crore in FY24).

• Net Worth: ₹22.14 crore in FY25 (from ₹4.80 crore in FY24).

• Margins: PAT margin at 28.18%, EBITDA margin at 40.48%.

• Key Ratios:

• ROE: 62.33%

• ROCE: 54.25%

• Debt-to-Equity: 0.01 (near debt-free)

• Post-issue P/E: 16.85x (reasonable vs. peers)

This growth trajectory highlights the company’s scalability in a high-demand sector.

IPO Reservation and Objectives

Reservation Breakdown

• QIB: 47.46%

• Retail: 33.26%

• HNI/NII: 14.26%

• Market Maker: 5.02%

• Anchor Investors: 28.45% (raised ₹11.09 crore on September 12, 2025)

This structure ensures balanced participation across investor types.

Objectives of the Issue

The IPO proceeds will fund:

• ₹26.09 crore: Human resource expansion.

• ₹5.88 crore: Capital expenditure for a Global Security Operations Centre (GSOC) in Ahmedabad.

• Remaining Funds: General corporate purposes.

These investments signal a focus on scaling cybersecurity infrastructure.

Should You Apply for TechDefence Labs SME IPO?

The TechDefence Labs SME IPO offers several compelling reasons to consider:

Strengths

• High Growth: 97% revenue growth and 159% PAT growth in FY25.

• Strong Margins: 28.18% PAT and 40.48% EBITDA margins.

• Niche Sector: Cybersecurity is a priority with rising digital threats.

• Robust Clients: Partnerships with Adani, Zensar, and global firms.

• Low Debt: Debt-to-equity ratio of 0.01.

• Attractive GMP: ₹158 live IPO GMP suggests an 81.87% listing gain.

Risks

• High Retail Investment: ₹2.31 lakh minimum may deter some investors.

• SME Volatility: Smaller IPOs can face post-listing fluctuations.

• Sector Dependence: Relies on cybersecurity spending trends.

Expert Verdict

With a strong TechDefence Labs IPO GMP and solid fundamentals, this IPO is a strong contender for short-term listing gains and long-term growth. Investors comfortable with SME risks and interested in cybersecurity should consider applying, but weigh the high entry cost and market volatility.

FAQs on TechDefence Labs SME IPO

What is the TechDefence Labs IPO GMP today?

The TechDefence Labs IPO GMP is ₹158 as of September 11, 2025, with an estimated listing price of ₹351 (81.87% gain).

How reliable is the GMP for predicting listing gains?

GMP IPO offers a snapshot of market sentiment but isn’t guaranteed. Combine with subscription data and financials for better insights.

Where can I track live IPO GMP for TechDefence Labs?

Visit platforms like IPOWatch, Chittorgarh, or Moneycontrol for live IPO GMP updates.

What is the minimum investment for TechDefence Labs IPO?

Retail investors need ₹2,31,600 for two lots (1,200 shares at ₹193). HNIs require ₹3,47,400 for three lots (1,800 shares).

When will TechDefence Labs IPO list?

The tentative listing date is September 22, 2025, on NSE SME, with allotment on September 18, 2025.

How can I check TechDefence Labs IPO allotment status?

Check on the registrar’s website (Purva Sharegistry) or NSE SME portal post-September 18, 2025.

Is TechDefence Labs IPO a good investment?

With a high GMP IPO and strong financials, it’s attractive for listing gains and long-term cybersecurity exposure. Review risks before applying.

Why is the TechDefence Labs IPO GMP so high?

Strong demand, robust financials, and cybersecurity sector growth drive the live IPO GMP of ₹158.

Conclusion

The TechDefence Labs SME IPO is a standout opportunity in 2025, fueled by a soaring IPO GMP of ₹158 and a projected 81.87% listing gain. Backed by stellar financials, a strong client base, and a focus on the high-growth cybersecurity sector, it’s ideal for investors seeking short- and long-term returns. Track live IPO GMP and subscription trends to stay ahead. For more insights on TechDefence Labs IPO GMP and upcoming IPOs, follow us on X or join our newsletter!

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