TechD Cybersecurity IPO subscribed over 600 times so far on day 3; check allotment date and steps

TechD Cybersecurity IPO has been subscribed 601.81 times so far on the final day of subscription on Wednesday, September 17.

The issue received bids for 86,98,62,600 shares as against 14,45,400 shares on offer, according to the data available on the NSE website until 3:11 pm.

The Vijay Kedia-backed company is looking to raise ₹38.99 crore by offering 14.45 lakh new equity shares. There is no offer for sale component.

The objectives of the issue include investment in human resources, establishing a global security operation centre at Gujarat's Ahmedabad and general corporate purposes.

The price band has been set at ₹183 to ₹193 per share, and the minimum investment for individual investors is 1,200 shares.

Established in 2017, TechD Cybersecurity, formerly called TechDefence Labs Solutions, is a cybersecurity company engaged in protecting digital assets for organisations worldwide.

Sunny Vaghela, Chairman and MD of TechD Cybersecurity, said, "Through this IPO, we aim to accelerate our global expansion into North America, the Middle East, Africa, and Australia, while positioning Gujarat as the cybersecurity capital of India."

TechD Cybersecurity IPO: Allotment date

The basis of allotment of the TechD Cybersecurity IPO will take place on Thursday, September 18.

TechD Cybersecurity IPO allotment: How to check status online on NSE

• To check IPO status on NSE, visit this link: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• Choose 'TechD Cybersecurity', which is under the symbol 'TECHD'
• Add application number and PAN details
• Press the 'Submit' button

Steps to check TechD Cybersecurity IPO allotment status on Purva Sharegistry India

• Visit the registrar Purva Sharegistry's IPO status page: https://www.purvashare.com/investor-service/ipo-query
• Choose ‘TechD Cybersecurity’ from the company list
• Enter your PAN card details or application number
• Click on Search

TechD Cybersecurity IPO GMP

According to investorgain.com and media reports, TechD Cybersecurity's unlisted shares are trading at ₹368 per share, reflecting a grey market premium, or GMP, of 90.67% over the upper price band of ₹193.