Techd Cybersecurity Ipo

TechD Cybersecurity Review & Key Points

Review: The experience of the founder Mr. Sunny Vaghela, a key investor Mr. Vijay Kedia, the profit rising over the years, stable financials, lower deb to equity ratio and the highly active grey market we expect the IPO to hit the market with higher subscriptions.
The company operates in the cybersecurity sector that is becoming critical for businesses and government organizations in India.
Founder Sunny Vaghela is very experienced in cybersecurity domain while Mr. Vijay Kedia is one of the key investors in the company that will boost the confidence in the company’s growth potential.
Setting up a one of the largest Global Security Operations Centre (GSOC) at Ahmedabad to enlarge its operations.
We expect a strong demand in cybersecurity globally (rising cyber threats, regulatory pressures) where TechD can scale well outside India.
The financial growth looks promising with PAT reported at ₹8.40 crores increased at 158% YOY and Debt to Equity ratio is just 0.01 which looks superb.
Company’s large portion of revenue are coming from a few major customers like Adani Group, Zensar Technologies Limited, Astral Limited, Kedia Capital, 1 Cyber Valley, ETO GRUPPE Technologies GmbH, and IQM Corporation.

Anchor Bidding Date	September 12, 2025
Anchor Investors List
Shares Offered	5,74,800 Shares
Anchor Size	11.09 Cr.
lock-in period end date 50% shares (30 Days)	October 18, 2025
lock-in period end date 50% shares (90 Days)	December 17, 2025

Purpose	Crores	%
Investment in Human resources	26.09	66.91%
Capital Expenditure for setting up Global Security Operation Centre (GSOC) at Ahmedabad	5.89	15.11%
General Corporate Purpose	7.01	17.98%

Company	EPS	PE Ratio	RoNW %	NAV	Income
TAC Infosec Limited	13.77	80.40	26.10%	52.71	32.20 Cr.
Sattrix Information Security Ltd	6.27	29.64	11.08%	53.72	45.07 Cr.