New Delhi, Sept. 15 -- The initial public offering (IPO) of TechD Cybersecurity, wherein ace investor Vijay Kedia holds a stake, opened for bidding on Monday, September 15, witnessing a solid response from investors. The issue was massively oversubscribed within a few hours of opening.

The strong buzz for the SME IPO can be attributed to Vijay Kedia holding a 7.2% stake along with a solid grey market premium (GMP).

However, investors have the window to apply for TechD Cybersecurity IPO till Wednesday, September 17.

TechD Cybersecurity IPO was booked 6.44 times as of 1.30 pm on the first day of the bidding process. The retail portion of the IPO was booked 9.96 times, the non-institutional investor (NII) portion was subscribed 6.78 times...