Vijay Kedia-stundled SME IPO to open next week. Check the price band and other details

Techd CyberSecurity, supported by selection channel investor Vijay Kedia, is planning to launch his IPO next week. The RS 40 Crore Public Procedus will be opened for a subscription on September 15 and will close on 17 September. The company has established a price band of RS 183-193 per share, where investors can offer on 600 shares in one lot. The shares are stated on the NSE Emerge platform.

“An important highlight of TechD’s IPO journey is the support of the famous market, steadfast Vijay Kedia, whose association underlines a strong confidence in investors in the company’s vision and growth trajectory,” a release noted.

The company is planning to use the IPO in the direction of strategic growth initiatives. Approximately RS 26 Crore will be invested in strengthening the Human Resources, to support the expansion of Techd to North America, the Middle East, Africa.

Extra funds will be aimed at developing Global Security Operations Center infrastructure under the Tech Defense Cyber ​​Valley project in Ahmedabad, including the largest integrated CyberSecurity GSOC from India.

Also read: Urban Company vs Shringar vs DEV Accelerator. Which IPO should investors choose?

Company profile

Techd CyberSecurity, founded in 2017 by cyber entrepreneur Sunny Vaghela, Techd CyberSecurity quickly built a team of 160 professionals in seven Indian cities. The company serves 470+ customers, including 120 SMEs, 127 cooperative banks and fintechs, 200 Sebi-registered entities and leading companies such as Adani, Torrent, Astral, Eto Gruppe and Zensar Technologies.

“Through this IPO we want to speed up our global expansion to North -America, the Middle East, Africa and Australia, while we position Gujarat as the cyber security capital of India,” said Vaghela.

Financial

In FY25, Techd CyberSecurity reported a profit after tax (PAT) of RS 8.37 Crore, which reflects an increase of 158%, in addition to a robust revenue growth of 98% Yoy.

Prospect

TechD also invests heavily in talent development and capacity building. The company has trained more than 3,000 students through academic partnerships and sets up India’s largest integrated cyber security GSOC (Global Security Operations Center) in Ahmedabad.

The upcoming facility will be an R&D hub, training center, experience zone and a SOC of 230×3 Saturday, the largest in the country is expected to.