Vijay Kedia-Backed TechD Cybersecurity IPO to Raise Rs 40 Crore at Rs 183–193 Price Band

TechD Cybersecurity Ltd, one of India’s rapidly expanding cybersecurity firms, has filed its Red Herring Prospectus (RHP) to launch an Initial Public Offering (IPO) worth up to Rs 40 crore on the NSE Emerge platform. The company has fixed the price band at Rs 183–193 per share. The IPO will open on September 15, 2025, and close on September 17, 2025.

A key highlight of this offering is the backing of ace investor Vijay Kedia, which is seen as a major endorsement of the company’s business model and growth plans.

Financial Performance

In FY 2024–25, TechD Cybersecurity reported a Profit After Tax (PAT) of Rs 837.06 lakh, marking a 158 per cent year-on-year rise, supported by a 97.73 per cent revenue growth. This financial momentum positions the Small-Cap firm to scale its operations further.

Utilisation of IPO Proceeds

The IPO funds are expected to support multiple strategic initiatives. Around Rs 26 crore will be allocated towards strengthening human resources and driving global expansion across North America, the Middle East and Africa. The company also plans to build Global Security Operations Center (GSOC) infrastructure under its TechDefence Cyber Valley project in Ahmedabad, which is set to house India’s largest integrated cybersecurity GSOC.

Business and Client Base

Founded in 2017 by cyber entrepreneur Sunny Vaghela, TechD Cybersecurity has built a workforce of 160 professionals across seven Indian cities. The company has served more than 470 clients, including 120 SMEs, 127 co-operative banks and fintechs, 200 SEBI-registered entities, and large corporates such as Adani, Torrent, Astral, ETO Gruppe and Zensar Technologies.

Future Growth Plans

The company is focusing on global expansion and capacity building. TechD is setting up India’s largest integrated cybersecurity GSOC in Ahmedabad, which will include a training hub, R&D centre, experience zone, and a 230x3-seater Security Operations Center. Additionally, the company has trained over 3,000 students through academic partnerships, strengthening the cybersecurity talent pipeline.

Market Outlook

The global cybersecurity market is projected to grow at a CAGR of more than 10 per cent and cross USD 400 billion by 2030. In India, demand is expected to accelerate across BFSI, manufacturing, IT/ITES and government sectors, with cybersecurity spending likely to triple in the next five years. With this IPO, TechD Cybersecurity aims to capture this rising demand and strengthen its position in both domestic and global markets.

With strong financials, clear expansion plans, and the endorsement of Vijay Kedia, TechD Cybersecurity’s IPO is expected to draw significant interest from both retail and institutional investors.

Disclaimer: The article is for informational purposes only and not investment advice.