Kratikal Tech IPO

About Kratikal Tech IPO

The public issue of Kratikal Tech IPO, an SME IPO, opens on Tuesday, June 30, 2026 and closes on Thursday, July 2, 2026. The allotment of shares will take place on Friday, July 3, 2026. The credit of shares to the demat account will take place on Monday, July 6, 2026. The initiation of refunds will take place on Monday, July 6, 2026. The listing of shares will take place on Tuesday, July 7, 2026.

The offer consists of a fresh issue component. The fresh issue will include 0.29 crore shares of ₹39.69 crores. The total number of shares and aggregate amount are 29,40,000 shares aggregating up to ₹40 crores.

Kratikal Tech IPO’s price band is set at ₹128 to ₹135 per share. The lot size for an application is 1,000 shares. The minimum amount of investment required by a retail investor is ₹2,70,000 (2,000 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (3,000 shares), amounting to ₹4,05,000.

Kratikal Tech is engaged in providing AI-driven, Software-as-a-Service–based cybersecurity solutions through its proprietary security software platform, supported by cybersecurity and regulatory compliance services, enabling enterprises to achieve measurable cyber risk reduction and enhanced resilience.

Objectives of Kratikal Tech IPO

• Investment in Threatcop FZ LLC, UAE and Threatcop AI Inc, USA (their subsidiaries) for expenditure towards sales and marketing activities and development of workforce resources.
  
• Investment in product development.
  
• General corporate purposes.
  

Industry Outlook

The Information Technology – Business Process Management (IT-BPM) sector represents a cornerstone of India’s knowledge economy, offering a comprehensive suite of technology and outsourcing solutions to global clients. The IT segment encompasses services such as application development, infrastructure management, systems integration, IT consulting, and software support, while the BPM arm focuses on managing non-core operations like finance and accounting, customer service, human resources, and data management.

The market landscape is also witnessing structural changes influenced by global macroeconomic shifts, evolving regulations, and the need for resilient operations. Hybrid work models, accelerated by the pandemic, have prompted firms to rethink delivery strategies and adopt digital workplace solutions. The growing focus on data privacy, cybersecurity, and compliance is leading to greater investments in risk management and governance frameworks.

About Kratikal Tech

Kratikal Tech, through its services, empowers organizations to protect their critical data, prevent cyber threats, and ensure smooth business operations. Their solutions are designed to eliminate data privacy risks, safeguarding businesses from unauthorized access and security breaches.

The company operates through two integrated business lines:

(i) AI Driven People Security Management, offered through Threatcop product suite offered under Threatcop brand (Products)

(ii) Technology and Process Security Services, offered under the Kratikal brand, encompassing Vulnerability Assessment and Penetration Testing (VAPT), application and infrastructure security, red-team exercises, and governance, risk and compliance (GRC) services, all supported by its AI-driven VMDR (Vulnerability Management, Detection & Response) platform and AutoSecT (Services).

This integrated model enables the company to address both human-layer risks and technology - and process-layer vulnerabilities within customer environments.

Strengths of Kratikal Tech

• Complete people security management platform.
  
• Real-time DMARC with sender ID visibility.
  
• Comprehensive coverage across security domains.
  
• AI-driven technology platform.
  
• CERT-In empanelment and regulatory authority.
  
• Experienced management and technical teams.
  

Risks of Kratikal Tech

• A highly employee intensive industry.
  
• Their business is subject to evolving laws regarding privacy, data protection and other related matters.
  
• Their revenues are geographically concentrated with the top six states contributing to a majority of the total revenue.
  
• Intense competition in the market for technology services could affect their pricing.
  
• Failure to offer customer support in a timely and effective manner may adversely affect their relationships with their customers.
  

All the financial information for listed industry peers mentioned above is sourced from the annual reports / annual results/ restated financial information as available of the respective company for the year ended March 31, 2026.

Notes: 1. P/E ratio has been computed based on the closing market price of equity shares on March 30, 2026 on BSE and NSE divided by the diluted EPS for the year ended March 31, 2026.

2. Net asset value per equity share means total equity divided by closing outstanding number of equities shares outstanding during the year.

3. Return on Net Worth (RoNW) (%) = Restated profit / (loss) for the year attributable to the owners of the Company divided by the restated Net Worth at the end of the year.

4. Net worth means the aggregate value of the paid up share capital of the Company and all reserves created out of profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, miscellaneous expenditure not written off, as per the restated balance sheet, but does not include reserves created out of revaluation of assets, capital reserve, foreign currency translation reserve, write-back of depreciation as at period /year end, as per Restated Consolidated Financial Statement of Assets and Liabilities of the Company.

5. Net worth for peers represents the total equity as mentioned in their annual reports for the relevant year submitted to the Stock Exchange.

Anchor Investor Bidding Date: Monday, June 29, 2026

The company, in consultation with the BRLM, considered participation by Anchor Investors in accordance with the SEBI ICDR Regulations. The Anchor Investor Bid/ Issue Period shall be one working day prior to the Bid/ Issue Opening Date.

Book Running Lead Managers:

Registrar Details
KFIN Technologies Limited
Email: kratikal.ipo@kfintech.com
Phone: +91 40 6716 2222

Book Running Lead Manager
Beeline Capital Advisors Private Limited

Kratikal Tech Contact Details Address: 5th Floor A-5 Sector 68,
Grovy Optiva, Gautam Buddha Nagar,
Noida, Uttar Pradesh, 201301
Email: cs@kratikal.com
Phone: +91 9220841199

Business Model

The company earns its revenue through providing AI-driven, Software-as-a-Service–based cybersecurity solutions through its proprietary security software platform, supported by cybersecurity and regulatory compliance services.

Kratikal Tech Growth Trajectory

Kratikal Tech’s Total Income for FY26 was ₹36.856 crores, whereas in FY25 and FY24 it was ₹21.145 crores and ₹13.285 crores, respectively.

The Profit After Tax for FY26 was ₹6.142 crores, whereas in FY25 and FY24 it was ₹3.814 crores and ₹3.203 crores, respectively.

Their EBITDA for FY26 was ₹9.081 crores, whereas in FY25 and FY24 it was ₹5.512 crores and ₹3.870 crores, respectively.

Kratikal Tech Market Position

The company has undertaken AI driven VMDR, secure code reviews, and vulnerability assessments across diverse customer environments. Its solutions are used by a broad base of small businesses and large enterprises across sectors such as banking, financial services and insurance (BFSI), fintech, telecom, IT/ITES, healthcare, pharmaceuticals, e-commerce, and manufacturing, both in India and international markets. Kratikal is a CERT-In Empanelled Security Auditor and is widely recognised for its VAPT, compliance, and virtual CISO (vCISO) services. Additionally, the company is empanelled by NSE to perform system audits for trading members.

As of 31 March 2026, the company’s Total Income, Profit After Tax, and EBITDA were ₹36.856 crores, ₹6.142 crores, and ₹9.081 crores, respectively.

How to apply for Kratikal Tech IPO?

• Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• **Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.