KF
Kwick Forensic Solutions Limited IPO
Forensic Science & Evidence Management · Cyber & Digital Forensics · Law Enforcement Solutions
📋 BSE SME IPO
Fresh + OFS
BSE SME
₹90
Upper Price
₹50.77 Cr
Issue Size
Sep 3, 2026
Listing Date
₹151.87 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative🟢
IPO Opens
Thursday, 27 August 2026
Bidding starts — apply before close
🔒
IPO Closes
Monday, 31 August 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Tuesday, 1 September 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Wednesday, 2 September 2026
Unallotted funds returned; shares credited to demat
🏷️
Thursday, 3 September 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date27 August 2026 (Thu)
IPO Close Date31 August 2026 (Mon)
Listing Date3 September 2026 (Thu)
Face Value₹10 per share
Price Band₹85 to ₹90
Issue Price (Upper Band)₹90 per share
Issue TypeBook Build — Fresh + OFS
Lot Size1,600 shares (Min Application: 2 Lots / 3,200 Shares)
Total Issue Size56,41,600 shares (₹50.77 Cr)
Fresh Issue45,61,600 shares (₹41.05 Cr)
Offer for Sale (OFS)10,80,000 shares (₹9.72 Cr)
Market Maker Portion2,83,200 shares (₹2.55 Cr)
Pre-Issue Shares1,68,74,840
Post-Issue Shares2,14,36,440
Promoter Holding (Pre)88.54%
Listing ExchangeBSE SME
Lead ManagerCorporate Capital Ventures Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹90| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Individual (Retail) — Min | 2 | 3,200 | ₹2,88,000 |
| Individual (Retail) — Max | 2 | 3,200 | ₹2,88,000 |
| S-HNI (sNII) — Min | 3 | 4,800 | ₹4,32,000 |
| S-HNI (sNII) — Max | 6 | 9,600 | ₹8,64,000 |
| B-HNI (bNII) — Min | 7 | 11,200 | ₹10,08,000 |
⚠️ Note: Investors can bid for a minimum of 3,200 shares (2 lots) and in multiples of 1,600 shares thereafter. Market Maker reservation comprises 2,83,200 shares. Anchor allocation raised ₹14.43 Cr.
👥 Investor Reservation
Allocated portion of Net Offer49.90% (26.74 L Sh)
QIB Portion
35.06% (18.78 L Sh)
Retail Portion
15.05% (8.06 L Sh)
NII Portion
📊 Subscription Status
20.67x (Day 2)
| Category | Offered | Bid For | Subscribed |
|---|---|---|---|
| QIB (Ex Anchor) | 10,70,400 | 0 | 0.00x |
| NII / HNI | 8,06,400 | 95,77,600 | 11.88x |
| Individual (Retail) | 18,78,400 | 6,80,48,000 | 36.23x |
| Total Public Issue | 37,55,200 | 7,76,25,600 | 20.67x |
📈 Company Financials
Restated Standalone · ₹ Crore| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 60.53 | 46.79 | 19.19 |
| Total Income | 105.80 | 65.08 | 30.26 |
| PAT | 13.51 | 8.56 | 2.83 |
| EBITDA | 19.06 | 12.25 | 5.45 |
| Net Worth | 41.41 | 27.90 | 9.86 |
| Reserves & Surplus | 24.53 | 25.79 | 7.93 |
| Total Borrowing | 3.26 | 3.24 | 0.00 |
Income Growth
FY 2023–24₹30.26 Cr
FY 2024–25₹65.08 Cr
FY 2025–26₹105.80 Cr
🎯 Key Performance Indicators
38.98%
ROE
FY 2025–26
0.12
Debt/Equity
FY 2025–26
44.88%
ROCE
FY 2025–26
12.78%
PAT Margin
FY 2025–26
18.03%
EBITDA Margin
FY 2025–26
32.62%
RoNW
FY 2025–26
5.44x
Price/Book
FY 2025–26
24.54
NAV
FY 2025–26
⚖️ Valuation & EPS
Pre-IPO EPS
₹8.00
FY26 earnings + pre-issue shares
P/E: 11.25xPost-IPO EPS
₹6.30
FY26 earnings + post-issue shares
P/E: 14.29xPrice to Book Value
5.44x
At upper price band ₹90
Market Cap (Pre-IPO)
₹151.87 Cr
At issue price ₹90
ℹ️
Pre-IPO EPS (₹8.00) based on pre-issue shares (1,68,74,840) and FY26 earnings. Post-IPO EPS (₹6.30) accounts for the dilution resulting from the issuance of 45,61,600 fresh equity shares extending the total post-issue equity to 2,14,36,440 shares. Post-IPO Market Cap expands to ₹192.93 Cr at the issue price of ₹90.
🎯 Objects of the Issue
Net proceeds utilisation1
Funding the working capital requirements of the Company
₹31.42 Cr
2
General Corporate Purposes
Balance
Total Fresh Issue Goal
₹41.05 Cr
🏢 About Kwick Forensic Solutions Ltd.
Est. 2005 · Chennai, Tamil Nadu · Forensics & Evidence TechKwick Forensic Solutions Limited (formerly Kwick Soft Solutions Private Limited), incorporated in March 2005, is an integrated provider of forensic science, evidence management, cyber and digital forensics, DNA forensics, and law-enforcement technology solutions across India. The company evolved from pure software development into full-scale forensic hardware, software, and training systems since FY2015.
The company supplies end-to-end solutions for crime scene investigation, fingerprint physical evidence kits, Mobile Crime Scene Investigation Vehicles, digital forensic software, DNA tools, and specialized handheld forensic devices. Catering to state police departments, forensic science laboratories, fingerprint bureaus, and law-enforcement academies, Kwick operates an in-house R&D and proof-of-concept testing lab backed by ISO 9001, ISO 14001, and ISO/IEC 27001 certifications with 45 total personnel (33 payroll and 12 contract employees).
Brand Ecosystem
🔍
Physical & DNA Forensics
Fingerprint kits, evidence collection kits, and specialized mobile crime scene vehicles
💻
Cyber & Digital Forensics
Digital extraction tools, social media analytics platforms, and forensic workstation rentals
🛡️
Law Enforcement Clientele
Serving police departments, central/state forensic laboratories, and training academies
🔬
R&D & Training Systems
In-house proof-of-concept testing lab and technical operator training programs
Competitive Strengths
🏆Comprehensive end-to-end evidence management and multi-disciplinary forensic tech solutions
🔒Niche focus on high-barrier government law-enforcement and crime investigation departments
🤝Strategic partnerships with global forensic OEMs combined with growing domestic manufacturing
📈Rapid top-line scaling of 63% to ₹105.80 Cr and 38.98% ROE delivered with minimal debt in FY26
Company Promoters
SS
Shammer Saralal Shah & Sejal Shammer Shah
Promoters, Kwick Forensic Solutions Ltd.
TH
Tulsidas Hinduja Ashok Kumar
Promoter, Kwick Forensic Solutions Ltd.
📅 Key Dates
IPO Opens27 Aug 2026
IPO Closes31 Aug 2026
Allotment01 Sep 2026
Refund & Share Credit02 Sep 2026
Listing Day03 Sep 2026
💡 Quick Summary
Price Band₹85 – ₹90
Upper Price₹90 / share
Lot Size1,600 shares
Min. Investment (Retail)₹2,88,000 (2 Lots)
Issue Size₹50.77 Cr
ListingBSE SME
🏦 Registrar & Lead Manager
Lead Manager
Corporate Capital Ventures Pvt.Ltd.
📍 Registered Address
Kwick Forensic Solutions Ltd.
New No 12 Old No 11 East Park Road,
Shenoy Nagar, Chennai,
Tamil Nadu — 600030
📞 8807110249
[email protected]
New No 12 Old No 11 East Park Road,
Shenoy Nagar, Chennai,
Tamil Nadu — 600030
📞 8807110249
[email protected]
🛡️ Regulatory Note: SME IPO investments are subject to SEBI regulations and higher lot size restrictions. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️
Disclaimer: This page presents publicly available information from the Kwick Forensic Solutions IPO RHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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