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₹193 - 193
TechD Cybersecurity Ltd
IT - SoftwareIPOSME
₹193 - 193
Established in 2017, Our company is a customer-centric cybersecurity solutions provider delivering endto-end services to enterprises to help businesses stay secure in the digital world. Our company offers a comprehensive range of services, including Managed Security Services Provider (MSSP) solutions, Cyber Program Managed Services, Vulnerability Assessment and Penetration Testing (VAPT), Compliance Services, Specialised Services and Staff Augmentation Services tailored to meet diverse client needs.
Lot600Min Invest₹2,31,600Face Value₹10Issue Size₹39 CrFresh Issue₹39 CrListing Price₹367CMP₹440
Timeline
15 Sept
Bidding opens
17 Sept
Bidding closes
18 Sept
Allotment
19 Sept
Refund & demat credit
22 Sept
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹39 Cr0.20 Cr shares
Fresh Issue₹39 Cr
Face Value₹10
Lot Size600 shares
ReservationQIB 49.97% · NII 15.01% · RETAIL 35.02%
Application Sizes
Retail₹2,31,6001-1 lots
sNII₹2,31,600from 2 lots
bNII₹10,42,200from 9 lots
Managers & Registrar
Lead ManagerGYR Capital Advisors Pvt Ltd
RegistrarPurva Sharegistry (I) Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group86.61%63.22%Public13.39%36.78%
Objects of the Issue
- Investment in Human resources
- Capital expenditure for setting up Global Security Operation Centre (GSOC) at Ahmedabad
- General corporate purpose
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 2 | 8 | 15 | 30 | 52 |
| Operating ProfitCr | 0 | 1 | 5 | 11 | 19 |
| OPM% | 18.7 | 17.9 | 30.9 | 35.4 | 36.1 |
| PBTCr | 0 | 1 | 4 | 11 | 19 |
| PATCr | 0 | 1 | 3 | 8 | 14 |
| EPS | 1 | 2 | 7 | 16 | 22 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 0 | 5 | 7 |
| ReservesCr | 1 | 2 | 5 | 17 | 64 |
| BorrowingsCr | 0 | 2 | 2 | 0 | 0 |
| Total AssetsCr | 2 | 7 | 9 | 29 | 85 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 1 | 0 | -1 | 1 | 9 |
| Investing Cash FlowCr | 0 | 0 | 0 | -6 | -38 |
| Financing Cash FlowCr | 0 | 2 | 0 | 7 | 35 |
| Net Cash FlowCr | 1 | 1 | -1 | 2 | 6 |
Strengths & Risks
Strengths · as stated in the DRHP
- Founder led company supported by a highly experienced and professional leadership team:
- Comprehensive and Integrated Cyber security Service Offering.
- Proactive approach to provide Cyber security solutions using modern technology and adaptive to changing requirement of the client.
- Consistent Growth, Profitability and Cash Flow Generation.
- Continuous Supply of Skilled Cybersecurity Talent.
Strategies · as stated in the DRHP
- Expansion into International Markets.
- Strengthening Cybersecurity Education and Talent Development.
- Enhancing Client-Centric Service Offerings.
- Adopting Advanced Technologies and Automation.
- Building a Stronger Brand and Market Presence
- Customer Satisfaction.
Risks · as stated in the DRHP
- If the company is cannot maintain and expand its existing client base, the company business, financial condition, cash flows and results of operations may be adversely affected.
- The company Industry is highly employee intensive industry. Thus, Employees Benefit expenses constitutes a major portion of its expenses. Such significant increase in this cost could lead to lower profitability.
- The Company's success depends largely upon its skilled professionals and its ability to attract and retain these personnel. The industry where the Company operates requires highly skilled and technical employee.
- The company is generates a significant percentage of its revenue from operations from customers in Gujarat and Maharashtra in India. If the company operations in these states are negatively affected, Its financial results and future prospects would be adversely impacted.
- The company is dependent on a few vendors/ suppliers who are its OEM partners and the company typically do not enter into long-term contracts or arrangements with them. Any loss of such suppliers or any increase in the price will have an adverse impact on its business and the company revenue.
- The company business is subject to evolving laws regarding privacy, data protection and other related matters. Many of these laws are subject to change and could result in claims, changes to its business practices, monetary penalties, increased cost of operations, or declines in customer growth or engagement, which may harm its business.