TechD Cybersecurity Ltd Logo

TechD Cybersecurity Ltd IPO

NSELot: 600

LISTEDSME
Issue Price193
Listing366.7
Current498
Price Band
183 - ₹193
Lot Size
600
Issue Size
₹38.99 Cr
GMP
0
Subscription
13.81x

IPO Schedule

1
Open
15 Sept
2
Close
17 Sept
3
Allotment
18 Sept
4
Listing
22 Sept

About TechD Cybersecurity Ltd

TechD Cybersecurity Ltd. is an SME focused on providing cybersecurity solutions and services. They cater to a specific niche within the cybersecurity market, offering specialized services to protect businesses from evolving digital threats.

Subscription Status

QIB
0.43x
NII
15.62x
Retail
20.68x
CategoryDay 3Day 2Day 1
QIB284.17x7.48x0.43x
NII1279.03x173.64x15.62x
Retail726.06x115.43x20.68x
Total718.30x97.06x13.81x

Risk Factors

SME status implies limited financial resources compared to larger competitors.
High Price to Earnings (P/E) ratio of 32.51 suggests a premium valuation, requiring strong future earnings growth to justify the investment.
Dependence on key personnel and the ability to retain cybersecurity talent.
The cybersecurity landscape is constantly evolving, requiring continuous innovation and adaptation.

Promoters & Management

The key members of the management team are Mr. Sunny Piyushkumar Vaghela (Chairman and Managing Director), Mr. Vaghela Piyush Rasiklal (Executive Director), Mr. Khileshwar Sahu (Chief Financial Officer) and Mr. Dipen Ashit Dalal (Company Secretary and Compliance Officer). Mr. Sunny Vaghela has over a decade of expertise in cybersecurity, digital forensics, and threat mitigation. Mr. Piyush Rasiklal Vaghela has over 38 years of banking experience. The Board of Directors includes three Independent Directors: Mr. Mukeshkumar Devichand Jain, Mrs. Vandana Nagpal and Mr. Hemant Mishra. The Board has constituted an Audit Committee, a Stakeholders' Relationship Committee, and a Nomination and Remuneration Committee. The company's management team and key managerial personnel are valuable for the development of business and operations and the strategic directions taken by the company. The company also depends significantly on the expertise, experience and continued efforts of our employees; hence, our performance and success substantially depend on the ability to attract and retain our key employees, including our experienced personnel.