IPO details · Updated
Kwick Forensic Solutions Limited
- Price Band
- ₹85 – ₹90
- Lot Size
- 1,600 shares
- Min. Investment
- ₹1,44,000
- Issue Size
- ₹50.77 Cr
- Offer Dates
- 27 Aug – 31 Aug 2026
- Listing
- 3 Sept 2026
Issue Details
- Total Issue Size
- ₹50.77 Cr
- 56,41,600 shares
- Fresh Issue
- ₹41.05 Cr
- 45,61,600 shares
- Offer for Sale
- ₹9.72 Cr
- 10,80,000 shares
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE SME
- Shares Pre-Issue
- 1,68,74,840
- Shares Post-Issue
- 2,14,36,440
IPO Timeline
Offer opens
27 Aug 2026
Offer closes
31 Aug 2026
Allotment
1 Sept 2026
Listing
3 Sept 2026
Issue Allocation
Share of the offer reserved for each investor category
- Anchor28.4%16,03,200 shares
- QIB19.0%10,70,400 shares
- HNI14.3%8,06,400 shares
- Retail33.3%18,78,400 shares
- MarketMaker5.0%2,83,200 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| QIB | 10,70,400 | 24,01,12,128 | 224.32x |
| NII | 8,06,400 | 25,65,23,904 | 318.11x |
| Retail | 18,78,400 | 58,57,41,472 | 311.83x |
| Total | 37,55,200 | 1,08,23,77,504 | 288.23x |
Lot Size & Investment
1 lot = 1,600 shares
Retail (min)
2 lots · 3,200 shares
Retail (max)
2 lots · 3,200 shares
S-HNI (min)
3 lots · 4,800 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 3,200 | ₹2,88,000 |
| Small HNI (S-HNI) | 3 | 4,800 | ₹4,32,000 |
| Big HNI (B-HNI) | 7 | 11,200 | ₹10,08,000 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 60.53 | 46.79 | 19.19 |
| Total Income | 105.8 | 65.08 | 30.26 |
| Profit After Tax | 13.51 | 8.56 | 2.83 |
| EBITDA | 19.06 | 12.25 | 5.45 |
| Net Worth | 41.41 | 27.9 | 9.86 |
| Reserves & Surplus | 24.53 | 25.79 | 7.93 |
| Total Borrowing | — | 3.26 | 3.24 |
Key Performance Indicators
| Period | Mar-26 | Mar-25 |
|---|---|---|
| ROE (%) | 38.98 | 45.34 |
| ROCE (%) | 44.88 | 38.15 |
| EPS (₹) | — | 8 |
| P/E (pre-issue) | — | 11.25 |
| P/E (post-issue) | — | 14.29 |
About Kwick Forensic Solutions Limited
Incorporated in March 2005, Kwick Forensic Solutions Limited (formerly Kwick Soft Solutions Private Limited) is engaged in providing forensic science, evidence management, cyber and digital forensics, DNA forensics and law-enforcement solutions across India. The Company initially focused on software development, including 3D rendering, animation and simulation, and subsequently expanded into forensic science and training technologies. Since FY2015, it has developed and supplied end-to-end forensic products, solutions, tools and technologies for crime scene investigation, fingerprint science, cyber/digital forensics, social-media analytics and evidence management. The Company offers a diversified portfolio of forensic products and services, including fingerprint and physical evidence kits, evidence collection kits, Mobile Crime Scene Investigation Vehicles, digital forensic tools, DNA forensic solutions, handheld forensic devices and rental services for forensic equipment. It also provides product demonstrations, operating training, installation and post-delivery technical support. Its customers include police departments, central and state forensic laboratories, fingerprint bureaus, crime investigation departments, police training academies, universities and other government and private-sector institutions. The Company also sources products from international and domestic OEMs and has progressively increased domestic procurement to support supply continuity and cost efficiency. The Company is supported by R&D and quality-management capabilities, including a branch facility used for R&D, product demonstrations and proof-of-concept forensic laboratory activities. Its quality systems are supported by ISO 9001:2015, ISO 14001:2015, ISO/IEC 20000-1:2018 and ISO/IEC 27001:2022 certifications, along with registrations with MSME, DSIR and NSIC. As of July 31, 2026, the Company had 33 employees on payroll and 12 employees on contract, with personnel deployed across administration, finance, legal and compliance, operations, R&D, sales and marketing, tendering and management functions. Strengths End-to-end forensic science and evidence-management solutions. Diversified portfolio covering physical, digital, cyber and DNA forensics. Strategic relationships and tie-ups with global forensic technology providers. Focus on niche forensic and law-enforcement market segments. In-house R&D and development of forensic handheld devices and solutions. Strong quality-management systems supported by multiple ISO certifications. Growing domestic sourcing network supporting supply continuity and cost efficiency.
Objects of the Issue
- Funding the working capital requirements of the Company (₹31.42 Cr)
- General Corporate Purposes (₹4.65 Cr)
- Issue Expenses (₹4.99 Cr)
Promoters
- <p>Shammer Saralal Shah
- Sejal Shammer Shah
- Tulsidas Hinduja Ashok Kumar</p>
Company Information
- Book running lead managers
- Corporate Capital Ventures Pvt.Ltd.
- Registered office
- New No 12 Old No 11 East Park Road,, Shenoy Nagar, Chennai, Tamil Nadu, 600030
- Market maker
- R.K.Stock Holding Pvt.Ltd.
Official Documents
Opens the source filing in a new tab
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