IPO details · Updated
Kratikal Tech Limited
- Price Band
- ₹128 – ₹135
- Lot Size
- 1,000 shares
- Min. Investment
- ₹1,35,000
- Issue Size
- ₹39.69 Cr
- Offer Dates
- 30 Jun – 2 Jul 2026
- Listing
- 7 Jul 2026
Issue Details
- Total Issue Size
- ₹39.69 Cr
- 29,40,000 shares
- Fresh Issue
- ₹39.69 Cr
- 29,40,000 shares
- Offer for Sale
- ₹0 Cr
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE SME
- Shares Pre-Issue
- 81,60,545
- Shares Post-Issue
- 1,11,00,545
IPO Timeline
Offer opens
30 Jun 2026
Offer closes
2 Jul 2026
Allotment
3 Jul 2026
Listing
7 Jul 2026
Issue Allocation
Share of the offer reserved for each investor category
- Anchor28.3%8,31,000 shares
- QIB19.0%5,58,000 shares
- HNI14.4%4,23,000 shares
- Retail33.3%9,78,000 shares
- MarketMaker5.1%1,50,000 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| QIB | 5,58,000 | 8,13,67,560 | 145.82x |
| NII | 4,23,000 | 13,73,22,720 | 324.64x |
| Retail | 9,78,000 | 21,36,73,440 | 218.48x |
| Total | 19,59,000 | 43,23,63,720 | 220.71x |
Lot Size & Investment
1 lot = 1,000 shares
Retail (min)
2 lots · 2,000 shares
Retail (max)
2 lots · 2,000 shares
S-HNI (min)
3 lots · 3,000 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 2,000 | ₹2,70,000 |
| Small HNI (S-HNI) | 3 | 3,000 | ₹4,05,000 |
| Big HNI (B-HNI) | 8 | 8,000 | ₹10,80,000 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 30.12 | 15.58 | 9.05 |
| Total Income | 36.86 | 21.15 | 13.28 |
| Profit After Tax | 6.14 | 3.81 | 3.2 |
| EBITDA | 9.08 | 5.51 | 3.87 |
| Net Worth | 24.02 | 11.13 | 6.56 |
| Reserves & Surplus | 15.86 | 11.1 | 6.53 |
| Total Borrowing | 0.01 | 0.01 | 0.03 |
Key Performance Indicators
| Period | Mar-26 |
|---|---|
| ROE (%) | 34.95 |
| ROCE (%) | 34.35 |
| EPS (₹) | 7.53 |
| P/E (pre-issue) | 17.94 |
| P/E (post-issue) | 24.4 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Aaa Technologies Limited | 55.38 | 6.66% |
| Accedere Ltd | 44.04 | 12.51% |
About Kratikal Tech Limited
Incorporated in November 2013, Kratikal Tech Limited is an AI-driven cybersecurity company providing Software-as-a-Service (SaaS)-based cyber risk management solutions through its proprietary platforms and cybersecurity consulting services. The company operates across two integrated business segments: People Security Management (PSM) solutions under the Threatcop brand and Technology & Process Security Services under the Kratikal brand. Its product portfolio includes Threatcop, a people security management suite focused on reducing human-related cyber risks, and AutoSecT, an AI-powered Vulnerability Management, Detection & Response (VMDR) and penetration testing platform. The company also offers vulnerability assessments, penetration testing (VAPT), red-team exercises, application and infrastructure security testing, governance, risk & compliance (GRC) services, virtual CISO (vCISO) services, and cybersecurity awareness programs. Kratikal serves customers across sectors such as BFSI, fintech, telecom, IT/ITES, healthcare, pharmaceuticals, manufacturing, and e-commerce in India and international markets. The company is a CERT-In Empanelled Security Auditor and is also empanelled by NSE for conducting system audits of trading members. As of March 31, 2026, the company had 200 employees across management, operations, engineering, sales, finance, and administration functions. Key Strengths Comprehensive People Security Management platform through Threatcop. AI-driven cybersecurity and vulnerability management solutions. Real-time DMARC monitoring with sender identity visibility. End-to-end coverage across people, process, and technology security layers. Proprietary platforms including Threatcop and AutoSecT. CERT-In empanelment and strong regulatory credibility. Diverse cybersecurity service portfolio including VAPT, GRC, Red Teaming, and vCISO services. Experienced management and technical leadership team. Strong presence across multiple industries and geographies. Scalable SaaS-based cybersecurity business model.
Objects of the Issue
- Investment in Threatcop FZ LLC, UAE and Threatcop AI Inc, USA (subsidiaries) for expenditure towards sales & marketing activities and development of workforce resources. (₹23.08 Cr)
- Investment in Product Development (₹9.23 Cr)
- General Corporate Purposes (₹2.72 Cr)
- Issue Expenses (₹4.66 Cr)
Promoters
- <p>Pavan Kumar
- Paratosh Kumar
- Dip Jung Thapa</p>
Company Information
- Book running lead managers
- Beeline Capital Advisors Pvt.Ltd.
- Registered office
- 5th Floor A-5 Sector 68, Grovy Optiva, Gautam Buddha Nagar, Noida, Uttar Pradesh, 201301
- Market maker
- Spread X Securities Pvt.Ltd.
Official Documents
Opens the source filing in a new tab
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Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.