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. 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 Globa...