TechD Cybersecurity IPO Subscribed 12.5x on Day 1, Backed by Vijay Kedia

The initial public offering (IPO) of TechD Cybersecurity, backed by ace investor Vijay Kedia, witnessed a stellar response from investors on September 15, the opening day of bidding.

TechDCybersecurity,IPO,StockMarket
TechD Cyber IPO Soars 12.5x

The issue was subscribed 12.52 times, with bids placed for 1.81 crore equity shares against the 14.45 lakh shares on offer, across 12,490 applications.

IPO Details

  • Offer size: 20.20 lakh shares (entirely fresh issue)

  • Total proceeds: ₹38.99 crore

  • Price band: ₹183 – ₹193 per share

  • IPO window: September 15 – 17

  • Allotment finalization: September 18

  • Listing: NSE Emerge on September 22

The company had already raised ₹11.09 crore ahead of the IPO by allotting 5.74 lakh shares to three anchor investors:

  • Nine Alps Opportunity Fund

  • Vira Bharat Opportunities Fund

  • North Star Opportunities Fund

Utilization of Funds

TechD Cybersecurity, based in Gujarat, plans to use the proceeds for:

  • Investment in human resources

  • Establishing a Global Security Operation Centre (GSOC)

  • General corporate purposes

Shareholding Structure

Currently, the company’s promoters hold 86.61% stake, while public shareholders own 13.39%. Among them:

  • Vijay Kishanlal Kedia: 7.2%

  • Ativir Financial Services: 1.25%

Why It Matters

The strong subscription underscores growing investor confidence in cybersecurity firms, especially amid rising digital threats and the increasing importance of security infrastructure. With heavyweight backing from Kedia and strong anchor investor participation, TechD Cybersecurity is set for a robust market debut later this month.

Comments

Post a Comment

Popular posts from this blog

Tarun Wig’s Resilient Leadership: The Rise of Innefu Labs

Image
In the ever-evolving and highly competitive world of cybersecurity, resilience, and innovation are essential qualities for success. Tarun Wig , the Co-Founder of Innefu Labs, exemplifies these traits through his leadership and unwavering belief in the power of technology to safeguard national security. His journey, marked by overcoming challenges and achieving significant milestones, stands as a testament to the transformative growth of Innefu Labs under his guidance. Tarun Wig  Overcoming Setbacks: The Turning Point of 2024 For Tarun Wig Innefu Labs, the year 2024 presented unexpected challenges that tested the company’s resilience and adaptability. The first obstacle came when a key partner misused a product demo and distanced themselves from the collaboration. On top of this, Innefu Labs faced a rare security breach, a concerning event for a company known for its cutting-edge cybersecurity solutions, including Kavach, deployed for NIC since 2018. However, these challenges did no...
Read more

Tarun Wig and Innefu Labs: Cybersecurity Leadership.

Image
Tarun Wig , the co-founder of Innefu Labs, has led the company through significant challenges, turning adversity into opportunities for growth. Innefu Labs, a leader in cybersecurity and AI-driven intelligence solutions, has become an industry pioneer thanks to Tarun’s innovative leadership and his team’s resilience. Tarun Wig Overcoming Major Challenges in 2024 In 2024, Innefu Labs faced unexpected hurdles. A betrayal from a former partner who exploited their product demo and a rare cybersecurity breach tested the company’s security systems. Despite these setbacks, Tarun Wig remained determined to navigate through the crisis and emerged stronger. The breach was a rare event, especially given Innefu’s impressive track record since implementing Kavach for the National Informatics Centre (NIC) in 2018. Strategic Audits and Stronger Security After the breach, Innefu Labs took immediate action by conducting a thorough audit with a top cybersecurity agency. The audit revealed that the brea...
Read more

US Judge Rules NSO Group Liable for WhatsApp Hack in Landmark Case

Image
  The logo of NSO Group A US judge delivered a significant legal victory for WhatsApp on Friday, ruling that NSO Group Technologies , the Israeli maker of the infamous Pegasus spyware, violated US hacking laws and WhatsApp's terms of service in a 2019 cyberattack. The lawsuit, filed by Meta, WhatsApp's parent company, accused NSO Group of infecting and surveilling the phones of 1,400 individuals over a two-week period in May 2019. These individuals included journalists, human rights activists, political dissidents, and diplomats. In her ruling, Judge Phyllis Hamilton stated that NSO Group had violated both state and federal US hacking laws, specifically the US Computer Fraud and Abuse Act. The case will now proceed to a jury trial in March 2025 to determine the damages owed to WhatsApp. WhatsApp praised the decision, with a spokesperson saying, “After five years of litigation, we’re grateful for today’s decision. NSO can no longer avoid accountability for their unlawful attacks...
Read more