SME
    listed

    Kwick Forensic Solutions IPO

    Updated 11 Sept 2026, 5:03 pm.

    Open Demat Account
    GMP disclaimer: GMP is unofficial and unregulated. It is not a recommendation or a reliable estimate of listing price or returns. Consider the RHP and your own risk assessment before applying.

    Minimum investment (Individual investors (IND))

    ₹2,88,000

    2 lots · 3,200 shares at the upper price band

    Price band

    ₹90

    Latest GMP

    Not yet quoted

    Est. listing price

    Issue size

    ₹48.23 Cr

    GMP history

    Each point is a recorded observation from the scheduled data sync.

    GMP history will appear after the scheduled sync records observations.

    GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.

    Issue details

    Board
    SME
    Price band
    ₹90
    Issue size
    ₹48.23 Cr
    Lot size
    1,600
    Opens
    27 Aug 2026
    Closes
    31 Aug 2026
    Allotment
    1 Sept 2026
    Listing
    3 Sept 2026
    Est. listing price
    Listing price
    Awaited
    Listing gain
    Awaited
    Registrar
    Bigshare Services Pvt.Ltd.
    Minimum investment
    ₹2,88,000 (2 lots · 3,200 shares)
    Face value
    ₹10 per share
    Issue type
    Bookbuilding IPO
    Sale type
    Fresh capital cum OFS
    Offer for sale
    ₹10 Cr
    Listing at
    BSE SME
    Refunds
    2 Sept 2026
    Shares credited
    2 Sept 2026
    Promoter holding
    88.54% before · 64.65% after
    Lead managers
    Corporate Capital Ventures Pvt.Ltd.

    Subscription by category

    As of 31 Aug 2026, 1:23 pm.

    Total subscription

    202.53x

    Qualified Institutional224.32×
    Non Institutional318.53×
    Retail Individual313.18×

    Full issue details

    Details as published for this issue, read 11 Sept 2026, 4:58 am. Verify against the RHP before applying.

    IPO Details

    IPO Date27 to 31 Aug, 2026
    Listed onThu, Sep 3, 2026
    Face Value₹ 10 per share
    Price Band₹85 to ₹90
    Issue Price₹90 per share
    Lot Size1,600 Shares
    Sale TypeFresh capital cum OFS
    Issue TypeBookbuilding IPO
    Listing AtBSE SME
    Total Issue Size56,41,600 shares (agg. up to ₹ 51 Cr)
    Reserved for Market Maker2,83,200 shares (agg. up to ₹ 3 Cr) R.K.Stock Holding Pvt.Ltd.
    Fresh Issue (Ex Market Maker)42,78,400 shares (agg. up to ₹ 39 Cr)
    Offer for Sale10,80,000 shares of ₹ 10 (agg. up to ₹ 10 Cr)
    Net Offered to Public53,58,400 shares (agg. up to ₹ 48 Cr)
    Share Holding Pre Issue1,68,74,840 shares
    Share Holding Post Issue2,14,36,440 shares
    BSE Script Code544895
    ISININE1SFA01019

    IPO Timetable

    IPO Open
    Thu, Aug 27, 2026
    IPO Close
    Mon, Aug 31, 2026
    Allotment
    Tue, Sep 1, 2026
    Refund
    Wed, Sep 2, 2026
    Credit of Shares
    Wed, Sep 2, 2026
    Listing
    Thu, Sep 3, 2026

    Issue Reservation

    Investor CategoryShares% of Net Issue% of Total Issue
    QIB26,73,60049.90%47.39%
    − Anchor Investor16,03,20028.42%
    − QIB (Ex. Anchor)10,70,40018.97%
    NII (HNI)8,06,40015.05%14.29%
    − bNII > ₹10L5,37,6009.53%
    − sNII < ₹10L2,68,8004.76%
    Retail18,78,40035.06%33.30%
    Firm Reservations
    Market Maker2,83,2005.02%
    Total56,41,600100.00%100.00%

    Kwick Forensic Solutions IPO comprises a total issue size of 56,41,600 shares. The net offer to the public is 53,58,400 shares, after excluding 2,83,200 shares allotted on a firm basis. Of the Net offer 26,73,600 (49.90%) are allocated to QIB , 8,06,400 (15.05%) allocated to NII 18,78,400 (35.06%) allocated to RII .

    IPO Lot Size

    ApplicationLotsSharesAmount
    Individual investors (IND) (Min)23200₹2,88,000
    Individual investors (IND) (Max)23200₹2,88,000
    S-HNI (Min)34800₹4,32,000
    S-HNI (Max)69600₹8,64,000
    B-HNI (Min)711200₹10,08,000

    Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.

    IPO Subscription Details

    IPO Anchor Investors

    Bid DateTue, Aug 25, 2026
    Shares Offered16,03,200
    Anchor Portion (₹ Cr.)14.43
    Anchor lock-in period end date for 50% shares (30 Days)Wed, Sep 30, 2026
    Anchor lock-in period end date for remaining shares (90 Days)Sun, Nov 29, 2026

    Kwick Forensic Solutions IPO raises ₹ 14.43 crore from anchor investors . Kwick Forensic Solutions IPO Anchor bid date is August 25, 2026 .

    IPO Anchor Investors List

    About Kwick Forensic Solutions Ltd.

    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.

    Company Financials (Restated)

    Period Ended31 Mar 202631 Mar 202531 Mar 2024
    Assets60.5346.7919.19
    Total Income105.8065.0830.26
    Profit After Tax13.518.562.83
    EBITDA19.0612.255.45
    NET Worth41.4127.909.86
    Reserves and Surplus24.5325.797.93
    Total Borrowing3.263.24
    Amount in ₹ Crore

    Kwick Forensic Solutions Ltd.'s revenue increased by 63% and profit after tax (PAT) rose by 58% between the financial year ending with March 31, 2026 and March 31, 2025.

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    IPO Objects of the Issue

    #Issue ObjectsEst Amt (₹ Cr.)
    1Funding the working capital requirements of the Company31.42
    2General Corporate Purposes4.65
    3Issue Expenses4.99
    Total41.06

    The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

    Key Performance Indicator (KPI)

    KPIMar 31, 2026Mar 31, 2025
    ROE38.98%45.34%
    ROCE44.88%38.15%
    Debt/Equity0.12
    RoNW32.62%30.68%
    PAT Margin12.78%13.16%
    EBITDA Margin18.03%18.84%
    NAV24.5416.53
    Price to Book Value5.44

    IPO Valuation

    Valuation MetricPre IPOPost IPO
    EPS (₹)8.006.30
    P/E (x)11.2514.29
    Market Cap at Offer Price₹152Cr.₹337.62 Cr

    Disclaimer

    The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue

    The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.

    The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

    Shareholding Structure

    CategoryPre IPOPost IPO
    Promoter and Promoter Group88.54%64.65%
    Public11.46%35.35%
    Total100%100%

    Company Promoters: Shammer Saralal Shah, Sejal Shammer Shah and Tulsidas Hinduja Ashok Kumar.

    Offer For Sale - Selling Shareholders

    NameCategoryNo. of Shares OfferedAmount (₹ cr.)
    Shammer Saralal ShahPromoter2,16,0001.94
    Sejal Shammer ShahPromoter6,48,0005.83
    Tulsidas Hinduja Ashok KumarPromoter2,16,0001.94
    Total10,80,0009.72

    Kwick Forensic Solutions IPO Recommendations

    Review BySubscribeMay ApplyNeutralAvoid
    Brokers1000
    Members1000

    IPO Subscription Status

    CategorySubscription (x)Shares OfferedShares bid forTotal Applications
    QIB (Ex Anchor)224.3210,70,40024,01,10,4000
    NII *318.538,06,40025,68,65,6000
    bNII (> ₹10L)347.745,37,60018,69,47,200
    sNII (< ₹10L)260.112,68,8006,99,18,400
    Individual Investor313.1818,78,40058,82,75,2000
    Total289.0037,55,2001,08,52,51,2002,18,222

    The Kwick Forensic Solutions IPO is subscribed 289.00 times on August 31, 2026 6:53:46 PM (Day 3). The public issue subscribed 313.18 times in the individual investors category, 224.32 times in the QIB category, and 318.53 times in the NII category. Check Day by Day Subscription Details (Live Status)

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    Total Applications: 2,18,222

    *Market Maker portion is not included to NII/HNI.

    IPO Expenses

    #Issue ExpensesEst Amt (₹ Cr.)
    1Book Running Lead Manager Issue Management0.24
    2Selling and Distribution Fees1.81
    3Underwriting Commission2.05
    4Advertising & PR Expenses0.08
    5Fees payable to Registrar to the Issue0.02
    6Statutory Advertisements0.06
    7Printing and distribution of issue stationery0.02
    8Industry Report expenses0.02
    9Legal Advisor0.02
    10Fees payable to the Market maker to the Issue0.15
    11Fee payable to Depositories and Other regulators0.02
    12Fee payable to Statutory Auditor and Peer Reviewed Auditor0.12
    13Brokerage and selling commission payable to SCSBs, Registered Brokers, RTAs and CDPs, as applicable0.00
    14Processing fees to the SCSBs and to the Sponsor Banks for ASBA Forms procured by Registered Brokers, RTAs or CDPs0.04
    15a. Listing fees0.00
    16b. BSE Processing0.05
    17c. Book Building software fees0.03
    18d. Other regulatory expenses0.02
    19f. Miscellaneous0.24
    Total4.99

    Listing Day Trading Information

    Price DetailsBSE SME
    Final Issue Price₹ 90.00
    Open₹ 150.00
    Low₹ 142.50
    High₹ 157.50
    Last Trade₹ 157.50

    Check IPO Performance…

    IPO Registrar

    Bigshare Services Pvt.Ltd.

    8657578989/8069219065/8069219060

    ipo@bigshareonline.com

    IPO Lead Manager(s)

    Corporate Capital Ventures Pvt.Ltd.

    Contact Details

    Kwick Forensic Solutions Ltd. Address

    New No 12 Old No 11 East Park Road,

    Shenoy Nagar

    Chennai, Tamil Nadu , 600030

    8807110249

    cs@kwickforensic.com