
Tech Defence Labs IPO GMP & Review: Apply or Avoid?
Posted by : sachet | Tue Sep 09 2025

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Tech Defence Labs IPO is open for bidding from 15th September 2025 to 17th September 2025. It is a bookbuilding IPO of ₹38.99 crore, comprising a fresh issue of 0.20 crore shares. The problem will be listed on NSE and SME on its tentative listing date, 22nd September 2025.
Tech Defence Labs IPO Details

The Tech Defence Labs IPO date is fixed between 15th September 2025 and 17th September 2025. The face value of Tech Defence Labs IPO shares stands at ₹10 per share, and the IPO price is set at ₹183.00 to ₹193.00 per share.
Purvs Sharegistry India Private Limited is the registrar of the Tech Defence Labs IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
IPO Open Date | 15th September 2025 |
IPO Close Date | 17th September 2025 |
IPO Allotment Date | 18th September 2025 |
Refund Initiation | 19th September 2025 |
Issue Size | 20,20,200 shares(aggregating up to ₹38.99 Cr) |
Face Value | ₹10 per share |
Lot Size | 600 shares |
Issue Price Band | ₹183.00 to ₹193.00 per share |
Issue Type | Bookbuilding IPO |
Listing At | NSE & SME |
Listing Date | 22nd September 2025 |
Tech Defence Labs IPO Share Reservation
Tech Defence Labs IPO is a bookbuilding IPO of ₹38.99 crores, comprising a fresh issue of 0.50 crore shares of Tech Defence Labs, which will be listed on the NSE and SME. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
Investor Categories | Shares Offered | Shares Percentage |
Market Maker Shares Offered | 1,01,400 | 5.02% |
QIB Shares Offered | 9,58,800 | 47.46% |
NII (HNI) Shares Offered | 2,88,000 | 14.26% |
Retail Shares Offered | 6,72,400 | 33.26% |
Total Shares Offered | 20,20,200 | 100.00% |
Tech Defence Labs IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Tech Defence Labs IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
09-09-2025 | ₹193.00 | ₹100.00 | ₹293.00 | 51.81% |
08-09-2025 | ₹193.00 | ₹100.00 | ₹293.00 | 51.81% |
07-09-2025 | ₹193.00 | ₹100.00 | ₹293.00 | 51.81% |
06-09-2025 | ₹193.00 | ₹100.00 | ₹293.00 | 51.81% |
05-09-2025 | ₹193.00 | ₹100.00 | ₹293.00 | 51.81% |
04-09-2025 | ₹193.00 | ₹100.00 | ₹293.00 | 51.81% |
As of 9th September 2025, Tech Defence Labs IPO GMP stands at ₹100 per share, which means the share will likely show a listing at ₹293 on its tentative listing date, 19th September 2025.
GMP data is subject to change based on market trends and sentiments. Please verify the live GMP status before applying for the Tech Defence Labs IPO GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends.
Tech Defence Labs IPO GMP Review

Check out the detailed Tech Defence Labs GMP IPO review for a thorough understanding of its potential to report listing gains on 18th September 2025. The Tech Defence Labs IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for the Tech Defence Labs IPO.
Tech Defence Labs Limited’s revenue increased by 97% from ₹15.36 crores in March 2024 to ₹30.23 crores in March 2025. Moreover, the company’s PAT rose by 159% from ₹3.24 crores to ₹8.40 crores.
Tech Defence Labs Limited’s IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, brokers, investors, and RAs have a positive outlook for the Tech Defence Labs IPO, with its tentative listing day set for 22nd September 2025.
Technical Analysis
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Tech Defence Labs IPO.
Key Indicators | Value |
PE Ratio (Price-to-Earnings) | 32.51 |
EPS (Earnings Per Share) | 5.94 |
RoNW | 37.93% |
ROCE | 54.25% |
ROE | 62.33% |
EBITDA Margin | 40.48% |
Price to Book Value | 4.76 |
Market Capitalisation | ₹144.36 Cr |
The P/E ratio of Tech Defence Labs Limited’s share is 32.51, and its Earnings Per Share (EPS) stands at 5.94. Thus, the Tech Defence Labs Limited IPO is expected to deliver gains on its tentative listing date, 22nd September 2025.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Tech Defence Labs Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
Tech Defence Labs Limited IPO Peer Comparison
Company Name | EPS | P/E Ratio | RoNW | Face value | Revenue |
Tech Defence Labs Industries Limited | 16.44 | 37.93 | ₹10 | 56.74 | |
Sattrix Information Security | 6.27 | 29.64 | 11.08 | ₹10 | 41.33 |
Tac Infosec Limited | 13.77 | 80.40 | 26.10 | ₹10 | 11.85 |
Tech Defence Labs IPO Subscription Status
The Tech Defence Labs IPO is to be opened for bidding on 15th September 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Tech Defence Labs IPO subscription status.
Investor Category | Shares Offered | Shares Subscribed | Subscription to the Times |
Market Maker Shares Offered | 1,01,400 | Yet to be announced | Yet to be announced |
QIB Shares Offered | 9,58,800 | Yet to be announced | Yet to be announced |
NII (HNI) Shares Offered | 2,88,000 | Yet to be announced | Yet to be announced |
Retail Shares Offered | 6,72,400 | Yet to be announced | Yet to be announced |
Total Shares Offered | 20,20,200 | Yet to be announced | Yet to be announced |
About Tech Defence Labs Limited

Tech Defence Labs Limited was established in January 2017. TechDefence Labs Solutions Limited is a cybersecurity firm specialising in safeguarding digital assets for organisations worldwide. The company offers solutions for end-to-end services to enterprises to help businesses stay secure in the digital world. The company provides a wide range of services, including MSSP solutions, Cyber Program Management, VAPT, Compliance Services, Specialised Services, and Staff Augmentation to meet diverse client needs. Clients such as the Adani Group, Zensar Technologies, Astral Limited, Kedia Capital, 1 Cyber Valley, ETO GRUPPE Technologies GmbH, and IQM Corporation benefit from the company’s cutting-edge solutions, which enhance their cyber resilience.
Tech Defence Labs Limited Financials
The company’s financial analysis is crucial before applying for the Tech Defence Labs IPO. Refer to the table to learn about Tech Defence Labs Limited’s financials.
Year Ended | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
Assets | 29.08 | 9.14 | 6.98 |
Revenue | 30.23 | 15.36 | 7.59 |
Profit After Tax | 8.40 | 3.24 | 0.94 |
EBITDA | 12.24 | 4.91 | 1.36 |
Net Worth | 22.14 | 4.80 | 1.56 |
Reserve and surplus | 16.68 | 4.79 | 1.55 |
Total Borrowing | 17.30 | 41.02 | 13.64 |
Explanation
Tech Defence Labs Limited’s revenue increased by 97% from ₹15.36 crores in March 2024 to ₹30.23 crores in March 2025. Moreover, the company’s PAT rose by 159% from ₹3.24 crores to ₹8.40 crores.
Tech Defence Labs IPO Bidding Requirements
Investors can bid for a minimum of 1,200 shares and in multiples of 600 shares thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
Individual Investors (Retail) (Min) | 2 | 1,200 | ₹2,31,600 |
Individual Investors (Retail) (Max | 2 | 1,200 | ₹2,31,600 |
S-HNI (Min) | 3 | 1,800 | ₹3,47,400 |
S-HNI (Max) | 8 | 4,800 | ₹9,26,400 |
B-HNI (Min) | 9 | 5,400 | ₹10,42,200 |
Tech Defence Labs IPO has reserved lot sizes for different investor categories. Look at the table below to see the requirements for applying for this IPO.
Use the lot size calculator to find how many shares you should apply for!
Tech Defence Labs IPO Promoter Holding
Take a look at the table below to review the holdings of Tech Defence Labs Limited’s promoters: Rakesh Ashok Markhedkar, Avinash Markhedkar, and Nakul Markhedkar.
Share Holding Pre-Issue | 86.61% |
Share Holding Post-Issue | – |
Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue – Share Holding Post-Issue.
Aim of the Tech Defence Labs IPO
The primary aim of the Tech Defence Labs IPO is to raise ₹38.99 crores. On the other hand, Tech Defence Labs has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Tech Defence Labs IPO.
- Investment in Human Resources
- To Capital Expenditure for setting up the Global Security Operation Centre (GSOC) at Ahmedabad
- To General Corporate Purpose
Should I Invest in the Tech Defence Labs IPO?
Explore the pros and cons of Tech Defence Labs to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades.
Pros of Tech Defence Labs IPO
- Tech Defence Labs has access to capital to fund various expansions, R&D, or scale production.
- The brand of the company has enhanced the visibility and trust, which is crucial for sectors in healthcare.
- They attract and retain the talent
- The company has liquidity for the early investors
Cons of Tech Defence Labs IPO
- The company has almost all the products, and they take time to process them
- The company has short-term market pressure
- The company is issuing the new shares, diluting the existing ownership.
How to Apply for the Tech Defence Labs IPO?
Check the steps mentioned below to apply for Tech Defence Labs Limited.
- Step 1: Conduct thorough research on the Tech Defence Labs IPO GMP, subscription status, issue size, lot size, and other details.
- Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Make a bid for two lots of 1,200 shares worth ₹2,31,600.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Tech Defence Labs IPO from more than one demat account to increase your chances of allotment.
How to Check Tech Defence Labs IPO Allotment Status?
You can check whether the Tech Defence Labs IPO allotment has been completed in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.
Check On NSE
- Visit the NSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the Tech Defence Labs IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Tech Defence Labs IPO allotment status.
Let’s Wrap
Tech Defence Labs IPO is a bookbuilding issue of shares worth ₹38.99 crores. The shares of Tech Defence Labs Limited will be listed on NSE and SME on its tentative listing date of 22nd September 2025. Researching the Tech Defence Labs IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on Tech Defence Labs IPO
How is the Tech Defence Labs IPO?
Ans. Currently, on 9th September 2025, the Tech Defence Labs IPO GMP (Grey Market Premium) stands at ₹100. It indicates that the estimated listing price could be ₹293 per share. It is a bookbuilding IPO of ₹38.99 crores, comprising a fresh issue of 0.20 crore shares. The face value of each share of Tech Defence Labs Limited is ₹10 per share.
What is the Tech Defence Labs IPO price?
Ans. The Tech Defence Labs IPO price is set at ₹183.00 to ₹193.00 per share. Retail investors can apply for a minimum of 2 lots consisting of 1,200 shares worth ₹2,31,600. Moreover, HNIs are required to bid for a minimum of 3 lots (1,800 shares) worth ₹3,47,400.
Is the Tech Defence Labs IPO good?
Ans. Tech Defence Labs Limited’s revenue increased by 97% from ₹15.36 crores in March 2024 to ₹30.23 crores in March 2025. Moreover, the company’s PAT rose by 159% from ₹3.24 crores to ₹8.40 crores.
Who is the registrar of the Tech Defence Labs IPO?
Ans. Purvs Sharegistry India Private Limited is the registrar of the Tech Defence Labs IPO, responsible for managing the allotment procedure and initiating refunds. For any queries regarding the Tech Defence Lab allotment and refund, you can contact Bigshare Services Private Limited at busicomp@vsnl.com or +91-022-23018261/ 23016761.
What is the issue size of the Tech Defence Labs IPO?
Ans. Tech Defence Labs IPO is a bookbuilding IPO for 0.20 crore shares worth ₹38.99 crores. Moreover, the IPO is set to open on 15th September 2025 and will be closed on 17th September 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Tech Defence Labs IPO, download the Tech Defence Labs IPO RHP and Tech Defence Labs IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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