Kwick Forensic Solutions IPO
Updated 11 Sept 2026, 5:03 pm.
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 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.
Offer documents & links
Subscription by category
As of 31 Aug 2026, 1:23 pm.
Total subscription
202.53x
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 Date | 27 to 31 Aug, 2026 |
|---|---|
| Listed on | Thu, Sep 3, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹85 to ₹90 |
| Issue Price | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 56,41,600 shares (agg. up to ₹ 51 Cr) |
|---|---|
| Reserved for Market Maker | 2,83,200 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 Sale | 10,80,000 shares of ₹ 10 (agg. up to ₹ 10 Cr) |
| Net Offered to Public | 53,58,400 shares (agg. up to ₹ 48 Cr) |
| Share Holding Pre Issue | 1,68,74,840 shares |
| Share Holding Post Issue | 2,14,36,440 shares |
| BSE Script Code | 544895 |
| ISIN | INE1SFA01019 |
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 Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 26,73,600 | 49.90% | 47.39% |
| − Anchor Investor | 16,03,200 | — | 28.42% |
| − QIB (Ex. Anchor) | 10,70,400 | — | 18.97% |
| NII (HNI) | 8,06,400 | 15.05% | 14.29% |
| − bNII > ₹10L | 5,37,600 | — | 9.53% |
| − sNII < ₹10L | 2,68,800 | — | 4.76% |
| Retail | 18,78,400 | 35.06% | 33.30% |
| Firm Reservations | |||
| Market Maker | 2,83,200 | — | 5.02% |
| Total | 56,41,600 | 100.00% | 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
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 3200 | ₹2,88,000 |
| Individual investors (IND) (Max) | 2 | 3200 | ₹2,88,000 |
| S-HNI (Min) | 3 | 4800 | ₹4,32,000 |
| S-HNI (Max) | 6 | 9600 | ₹8,64,000 |
| B-HNI (Min) | 7 | 11200 | ₹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 Date | Tue, Aug 25, 2026 |
|---|---|
| Shares Offered | 16,03,200 |
| 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 Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 60.53 | 46.79 | 19.19 |
| Total Income | 105.80 | 65.08 | 30.26 |
| Profit After Tax | 13.51 | 8.56 | 2.83 |
| EBITDA | 19.06 | 12.25 | 5.45 |
| NET Worth | 41.41 | 27.90 | 9.86 |
| Reserves and Surplus | 24.53 | 25.79 | 7.93 |
| Total Borrowing | — | 3.26 | 3.24 |
| 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.
Recently Listed IPOs in Industrial Products
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Skytech Infinite Platform Ltd. | SME | ₹22.68 Cr | ₹77 | null | ₹70.30 | -8.70% | ₹29.35 |
| Merritronix Ltd. | SME | ₹70.03 Cr | ₹149 | 11.83 | ₹297.25 | +99.50% | ₹365.25 |
| Adisoft Technologies Ltd. | SME | ₹74.10 Cr | ₹172 | 12.82 | ₹215.25 | +25.15% | ₹243.15 |
| Highness Microelectronics Ltd. | SME | ₹21.67 Cr | ₹120 | 16.7 | ₹129.75 | +8.12% | ₹223.25 |
| Tipco Engineering India Ltd. | SME | ₹60.55 Cr | ₹89 | 8.73 | ₹84.79 | -4.73% | ₹279.50 |
| Gabion Technologies India Ltd. | SME | ₹29.16 Cr | ₹81 | 12.18 | ₹93.41 | +15.32% | ₹147.30 |
| Admach Systems Ltd. | SME | ₹42.60 Cr | ₹239 | 19.56 | ₹200.75 | -16.00% | ₹468.55 |
| Apollo Techno Industries Ltd. | SME | ₹47.96 Cr | ₹130 | 9.43 | ₹151.95 | +16.88% | ₹92.45 |
| HRS Aluglaze Ltd. | SME | ₹50.92 Cr | ₹96 | 26.07 | ₹132.30 | +37.81% | ₹258.50 |
| Purple Wave Infocom Ltd. | SME | ₹31.45 Cr | ₹126 | 9.33 | ₹130.50 | +3.57% | ₹428.20 |
| Shining Tools Ltd. | SME | ₹17.10 Cr | ₹114 | 16.18 | ₹98.80 | -13.33% | ₹115.90 |
| True Colors Ltd. | SME | ₹127.96 Cr | ₹191 | 14.66 | ₹183.05 | -4.16% | ₹150.00 |
| L.T.Elevator Ltd. | SME | ₹39.37 Cr | ₹78 | 12.31 | ₹142.90 | +83.21% | ₹371.45 |
| Airfloa Rail Technology Ltd. | SME | ₹91.10 Cr | ₹140 | 9.57 | ₹279.30 | +99.50% | ₹540.30 |
| Taurian MPS Ltd. | SME | ₹42.53 Cr | ₹171 | 11.29 | ₹220.50 | +28.95% | ₹463.50 |
| Tempsens Instruments (India) Ltd. | Mainboard | ₹650.00 Cr | ₹300 | 34.05 | ₹586.65 | +95.55% | ₹581.30 |
| MV Electrosystems Ltd. | Mainboard | ₹290.00 Cr | ₹425 | -68.88 | ₹624.00 | +46.82% | ₹835.45 |
| Indo-MIM Ltd. | Mainboard | ₹3,812.11 Cr | ₹485 | 44.01 | ₹741.75 | +52.94% | ₹1,006.55 |
| Lohia Corp Ltd. | Mainboard | ₹1,101.28 Cr | ₹425 | 23.21 | ₹494.60 | +16.38% | ₹561.25 |
| Omnitech Engineering Ltd. | Mainboard | ₹583.00 Cr | ₹227 | 54.47 | ₹204.93 | -9.72% | ₹563.35 |
| Epack Prefab Technologies Ltd. | Mainboard | ₹504.00 Cr | ₹204 | 29.49 | ₹190.66 | -6.54% | ₹239.03 |
View More »
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company | 31.42 |
| 2 | General Corporate Purposes | 4.65 |
| 3 | Issue Expenses | 4.99 |
| Total | 41.06 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 38.98% | 45.34% |
| ROCE | 44.88% | 38.15% |
| Debt/Equity | — | 0.12 |
| RoNW | 32.62% | 30.68% |
| PAT Margin | 12.78% | 13.16% |
| EBITDA Margin | 18.03% | 18.84% |
| NAV | 24.54 | 16.53 |
| Price to Book Value | — | 5.44 |
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.00 | 6.30 |
| P/E (x) | 11.25 | 14.29 |
| 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
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 88.54% | 64.65% |
| Public | 11.46% | 35.35% |
| Total | 100% | 100% |
Company Promoters: Shammer Saralal Shah, Sejal Shammer Shah and Tulsidas Hinduja Ashok Kumar.
Offer For Sale - Selling Shareholders
| Name | Category | No. of Shares Offered | Amount (₹ cr.) |
|---|---|---|---|
| Shammer Saralal Shah | Promoter | 2,16,000 | 1.94 |
| Sejal Shammer Shah | Promoter | 6,48,000 | 5.83 |
| Tulsidas Hinduja Ashok Kumar | Promoter | 2,16,000 | 1.94 |
| Total | — | 10,80,000 | 9.72 |
Kwick Forensic Solutions IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 1 | 0 | 0 | 0 |
| Members | 1 | 0 | 0 | 0 |
IPO Subscription Status
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| QIB (Ex Anchor) | 224.32 | 10,70,400 | 24,01,10,400 | 0 |
| NII * | 318.53 | 8,06,400 | 25,68,65,600 | 0 |
| bNII (> ₹10L) | 347.74 | 5,37,600 | 18,69,47,200 | — |
| sNII (< ₹10L) | 260.11 | 2,68,800 | 6,99,18,400 | — |
| Individual Investor | 313.18 | 18,78,400 | 58,82,75,200 | 0 |
| Total | 289.00 | 37,55,200 | 1,08,52,51,200 | 2,18,222 |
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)
Reload
Total Applications: 2,18,222
*Market Maker portion is not included to NII/HNI.
IPO Expenses
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Issue Management | 0.24 |
| 2 | Selling and Distribution Fees | 1.81 |
| 3 | Underwriting Commission | 2.05 |
| 4 | Advertising & PR Expenses | 0.08 |
| 5 | Fees payable to Registrar to the Issue | 0.02 |
| 6 | Statutory Advertisements | 0.06 |
| 7 | Printing and distribution of issue stationery | 0.02 |
| 8 | Industry Report expenses | 0.02 |
| 9 | Legal Advisor | 0.02 |
| 10 | Fees payable to the Market maker to the Issue | 0.15 |
| 11 | Fee payable to Depositories and Other regulators | 0.02 |
| 12 | Fee payable to Statutory Auditor and Peer Reviewed Auditor | 0.12 |
| 13 | Brokerage and selling commission payable to SCSBs, Registered Brokers, RTAs and CDPs, as applicable | 0.00 |
| 14 | Processing fees to the SCSBs and to the Sponsor Banks for ASBA Forms procured by Registered Brokers, RTAs or CDPs | 0.04 |
| 15 | a. Listing fees | 0.00 |
| 16 | b. BSE Processing | 0.05 |
| 17 | c. Book Building software fees | 0.03 |
| 18 | d. Other regulatory expenses | 0.02 |
| 19 | f. Miscellaneous | 0.24 |
| Total | 4.99 |
Listing Day Trading Information
| Price Details | BSE 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
Kwick Forensic Solutions IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
Kwick Forensic Solutions shares hit upper circuit after listing; stock gains 75% over IPO price
Business Today · 3 Sept 2026
Bumper returns: Kwick Forensic shares hit upper circuit on debut day after 66% listing gains
Moneycontrol.com · 3 Sept 2026
BSE SME Kwick Forensic Solutions cracks the code with premium debut
Business Standard · 3 Sept 2026
Kwick Forensic IPO: SME Shares Make Bumper Debut, List With Over 66% Gains
NDTV Profit · 3 Sept 2026
Kwick Forensic Solutions shares debut at 67% premium over IPO price on BSE SME platform
The Economic Times · 3 Sept 2026
Kwick Forensic Solutions IPO: Check Allotment Status, Subscription Data And Share Allocation Online
HDFC Sky · 2 Sept 2026