Kwick Forensic Solutions IPO Details
Issue Date
27 Aug - 31 Aug'26
Price Band
₹85 - ₹90
Lot Size
1600 Shares
IPO Size
₹51 Cr
Listing At
BSE
Overall Subscription
139.63x
Kwick Forensic Solutions IPO Listing Details
Listing On
3 Sep'26
Issue Price
₹90
Listed Price
₹ 150
Retail Gain/Listing Gain
66.67%Increase
Schedule of Kwick Forensic Solutions IPO
IPO Open Date
27/08/2026
IPO Close Date
31/08/2026
Basis of Allotment
01/09/2026
Refund Initiation
02/09/2026
Credit of Shares
02/09/2026
Listing on exchange
03/09/2026
Kwick Forensic Solutions IPO Subscription Status Live
(Last updated on 31 Aug 2026 02:15 PM)
Day | Total | QIB | Retail | NII |
|---|---|---|---|---|
Day 1 27-Aug-2026 | 5.85x | 0x | 11.35x | 2.12x |
Day 2 28-Aug-2026 | 19.14x | 0x | 35.91x | 9.03x |
Day 3 31-Aug-2026 | 139.63x | 15.03x | 216.72x | 129.16x |
About Kwick Forensic Solutions IPO
The public issue of the Kwick Forensic Solutions IPO, an SME IPO, opens on Thursday, August 27, 2026 and closes on Monday, August 31, 2026. The allotment of shares will take place on Tuesday, September 1, 2026. The credit of shares to the demat account will take place on Wednesday, September 2, 2026. The initiation of refunds will take place on Wednesday, September 2, 2026. The listing of shares will take place on Thursday, September 3, 2026.
The equity shares offered through the IPO are proposed to be listed on the BSE SME platform.
The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include 0.46 crore shares. The offer for sale portion includes 0.11 crore shares. The total number of shares is 56,41,600 and the aggregate amount is ₹51 crore.
Kwick Forensic Solutions IPO’s price band is set at ₹85 to ₹90 per share. The lot size for an application is 1,600 shares. The minimum amount of investment required by a retail investor is ₹2,88,000 (3,200 shares) (based on upper price). The minimum lot size investment for S-HNI is ₹4,32,000 (4,800 shares).
From FY2015, Kwick Forensic Solutions started providing end-to-end products, solutions, tools and technologies for forensic sciences, fingerprint science, cyber/digital forensics, social-media analytics and big-data analytics, with a focus on Total Evidence Management and Law-Enforcement solutions across India.
Objectives of Kwick Forensic Solutions IPO
- Funding the working capital requirement of the company.
- General corporate purposes.
Kwick Forensic Solutions IPO Valuation
Detail | Information |
|---|---|
Upper Price Band | ₹90 |
Total Issue Size | 56,41,600 shares (aggregating up to ₹51 crore) |
Reserved for Market Maker | 2,83,200 shares (aggregating up to ₹3 crore) |
Fresh Issue (Ex Market Maker) | 42,78,400 shares (aggregating up to ₹39 crore) |
Offer for Sale | 10,80,000 shares of ₹10 (aggregating up to ₹10 crore) |
Net Offered to Public | 53,58,400 shares (aggregating up to ₹48 crore) |
EPS Diluted (in ₹) for FY25 | 8 |
Share Offer and Subscription Details
Investor Category | Shares Offered |
|---|---|
QIBs | Not more than 50% of the net offer |
Non-institutional Investors (NIIs) | Not less than 15% of the net offer |
Retail-individual Investors (RIIs) | Not less than 35% of the net offer |
IPO Lot Size
Application | Lots | Shares | Amount |
|---|---|---|---|
Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,88,000 |
Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,88,000 |
S-HNI (Min) | 3 | 4,800 | ₹4,32,000 |
S-HNI (Max) | 6 | 9,600 | ₹8,64,000 |
B-HNI (Min) | 7 | 11,200 | ₹10,08,000 |
Industry Outlook
India requires an effective and well-integrated forensic service ecosystem. India’s modernization schemes in policing and forensics focus on strengthening investigative infrastructure through upgraded laboratories, expansion of forensic science institutions, and adoption of modern technologies. These initiatives aim to improve the speed and reliability of evidence collection and analysis, while also building trained manpower across central and state levels. By enhancing access to forensic services even at the district level, the schemes are expected to reduce delays, improve judicial outcomes, and build greater credibility in the criminal justice system.
About Kwick Forensic Solutions
From FY2015, Kwick Forensic Solutions started providing end-to-end products, solutions, tools and technologies for forensic sciences, fingerprint science, cyber/digital forensics, social-media analytics and big-data analytics, with a focus on Total Evidence Management and Law-Enforcement solutions across India. The company supplies crime scene investigation products and solutions, conducts product demonstrations and awareness programmes on evidence-management best practices, and maintains a sales and marketing presence across major states in India, serves a mix of Government and private sector customers including police departments, forensic laboratories, fingerprint bureaus and training institutes and other customers nationwide.
Strengths of Kwick Forensic Solutions
- They have tie-ups and strategic relationships with the global leaders.
- Quality assurance and quality certification.
- Niche market segments.
Risks of Kwick Forensic Solutions
- Their products and services are significantly concentrated in certain states, particularly Bihar and Gujarat.
- They do not have long-term agreements with a majority of their customers.
- They derive majority of their revenue from sales of goods and sales of services and any reduction in the demand of such segments could have an adverse effect on their business, results of operations, etc.
- The average cost of acquisition of equity shares by their promoters selling shareholders could be lower than the offer price determined in consultation with the book running lead manager in accordance with the SEBI ICDR Regulations.
Kwick Forensic Solutions Financials
Year | Year Data |
|---|---|
FY24 | 30.18 |
FY25 | 65.03 |
FY26 | 105.71 |
Peer Comparison
There is no listed industry peer company engaged in the same line of business as the company. Hence, no comparison of Accounting Ratios has not been provided with industry peers
Anchor Investor Bidding Date
Tuesday, August 25, 2026
IPO Registrar and Book Running Lead Managers
Registrar Details
Bigshare Services Pvt.Ltd.
Email: ipo@bigshareonline.com
Tel: 8657578989
Book Running Lead Manager
Corporate Capital Ventures Pvt.Ltd.
Kwick Forensic Solutions Contact Details
New No 12 Old No 11 East Park Road,
Shenoy Nagar Chennai, Tamil Nadu, 600030
Email: cs@kwickforensic.com
Phone: 8807110249
Kwick Forensic Solutions Business Model
The company earns its revenue through providing end-to-end products, solutions, tools and technologies for forensic sciences, fingerprint science, cyber/digital forensics, social-media analytics and big-data analytics, with a focus on Total Evidence Management and Law-Enforcement solutions.
Kwick Forensic Solutions Growth Trajectory
Kwick Forensic Solutions’s Total Income for FY26 was ₹105.80 crore, whereas in FY25 and FY24 it was ₹65.07 crore and ₹30.26 crore, respectively.
The Profit After Tax for FY26 was ₹13.51 crore, whereas in FY25 and FY24 it was ₹8.56 crore and ₹2.83 crore, respectively.
Their EBITDA for FY26 was ₹19.06 crore, whereas in FY25 and FY24 it was ₹12.25 crore and ₹5.44 crore, respectively.
Kwick Forensic Solutions Market Position
During the year 2025-26, the company was recognised as a Top Performing Partner at the Partner Awards 2025-26 by MH Service – World of Forensics, in recognition of its outstanding achievement.
As of 31 March 2026, the company’s Total Income, Profit After Tax, and EBITDA were ₹105.80 crore, ₹13.51 crore, and ₹19.06 crore, respectively.
Kwick Forensic Solutions Profit and Loss Statement (in ₹ crore)
Parameter | FY 26 | FY 25 | FY 24 |
|---|---|---|---|
Total Income | 105.80 | 65.07 | 30.26 |
Profit Before Tax | 18.21 | 11.21 | 3.79 |
Profit After Tax | 13.51 | 8.56 | 2.83 |
EPS (Diluted) ₹ | 8.00 | 43.31 | 68.59 |
EBITDA | 19.06 | 12.25 | 5.44 |
Kwick Forensic Solutions Balance Sheet (in ₹ crore)
Parameter | FY 26 | FY 25 | FY 26 |
|---|---|---|---|
Profit Before Tax | 18.21 | 11.21 | 3.79 |
Net Cash from Operating Activities | 7.62 | 4.65 | (2.61) |
Net Cash from Investing Activities | (2.73) | (0.97) | (0.40) |
Net Cash from Financing Activities | (3.80) | 8.36 | (0.87) |
Cash & Cash Equivalents | 13.16 | 12.07 | 0.03 |
Note: () denotes negative
How to apply for Kwick Forensic Solutions 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.
Kwick Forensic Solutions IPO FAQs
The Kwick Forensic Solutions IPO opens for subscription from 27-08-2026 to 31-08-2026, with a total issue size of ₹51 Cr. The IPO price band is ₹85 to ₹90 per share with a lot size of 3200. The company aims to list the shares on BSE & NSE on 03-09-2026.
The Kwick Forensic Solutions IPO will open for subscription on 27-08-2026 and will close on 31-08-2026 for investors.
The lot size of Kwick Forensic Solutions IPO is 3200 equity shares, requiring a minimum investment of ₹144000/2 Lots for retail investors applying in the IPO.
The price band of the Kwick Forensic Solutions IPO has been fixed at ₹85 to ₹90 per equity share.
You can apply for the Kwick Forensic Solutions IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Kwick Forensic Solutions IPO allotment will take place on 01-09-2026.
You can check the Kwick Forensic Solutions IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Kwick Forensic Solutions shares will list on the stock exchanges on 03-09-2026.
You can find detailed information about the Kwick Forensic Solutions IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).
Mr. Shammer Saralal Shah is the Chairman & Managing Director of Kwick Forensic Solutions.
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This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed SEBI prescribed limit. The securities are quoted as an example and not as a recommendation. SEBI Registration No-INZ000200137 Member Id NSE-08081; BSE-673; MSE-1024, MCX-56285, NCDEX-1262.










