By Admin 
Techd cybersecurity IPO: The IPO of Techd Cybersecurity is opening from September 15 next week. For this, investors will be able to bid till 17 September. In such a situation, if you are thinking of investing in IPO, then this is a good chance for you. Its biggest special thing is that Vijay Kedia, the veteran investor of the stock market, known as ‘Market Master’, is investment in this company. The company has a 7.20 percent stake with Vijay Kedia.
This is so much kept price band
Through the IPO, the company’s plan is to raise Rs 40 crore. For this, the price band has been kept at Rs 183-193 per share. Investors will have to bid for at least 600 shares in a lot. Anchor investors will be able to bid for this by 12 September. The company shares will be listed on NSE SME SME Platforms (Emerge).
A statement issued by the company said, the biggest highlight of this journey of Techd’s IPO is from the stock market veteran investor Vijay Kedia, whose cooperation reflects the strong trust of investors in the vision and development path of the company. In the gray market, the company’s shares are trading at a premium of Rs 151, indicating profits up to 80 percent on the listing.
Use of money raised from IPO
The company will use the amount raised from the IPO for its development. Around 26 crore rupees will be made to strengthen the human resource. Apart from this, the company is also trying to increase its scope in North America, Middle East, Africa, for which investment will be made. There is also a plan to invest on the creation of Global Security Operations Center Infrastructure under TechDifane Cyber Valley in Ahmedabad. Let us know that in the business year 2025, the company’s revenue was Rs 29.8 crore, while the net profit was Rs 8.40 crore.
Sunny Vaghela formed the company in 2017
This company, made by Sunny Vaghela in the year 2017, has a large team of 160 professionals in seven cities of the country. The company provides its services to more than 470 customers, including 120 SME, 127 co-operative banks and fintech companies, 200 Sebi registered institutions and many big companies like Adani, Torrent, Astral, ETO Group and Jansar Technologies.
Vaghela said, “Through this IPO, our goal is to increase its global presence in North America, Middle East, Africa and Australia rapidly, as well as Gujarat has become India’s cyber security capital.”
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
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