The initial public offering (IPO) of TechD Cybersecurity, backed by veteran investor Vijay Kedia, opened for subscription on Monday, September 15, 2025.
The IPO was fully subscribed within just a few hours and even got oversubscribed on the first day. Investors can apply for this IPO till Wednesday, September 17, 2025.
Investor Enthusiasm and Subscription Details
There is strong enthusiasm for this SME IPO, mainly due to Vijay Kedia’s 7.2% stake and the high grey market premium (GMP).
The IPO was subscribed 14 times on the first day.
Retail investors’ share: 9.96 times subscribed
Non-institutional investors (NII): 6.78 times subscribed
Qualified institutional buyers (QIBs): only 0.02 times subscribed
Grey Market Premium (GMP) and Listing Price
The GMP has stayed steady at ₹160 for the past few days. Based on the upper price band
and this premium, the expected listing price is around ₹353, which means the stock could list at an 83% premium over its issue price.
IPO Price Band and Minimum Investment
The company has fixed the price band at ₹183 to ₹193 per share.
Applications must be made in lots of 600 shares.
Retail investors need to apply for at least two lots, making the minimum investment ₹2,31,600 at the upper band.
The funds raised will be used for:
Hiring and strengthening human resources
Setting up a Global Security Operations Center (GSOC) in Gujarat
Fulfilling corporate requirements
