SME

IPO ·

BSE SME

Kratikal Tech Ltd

Listed

Incorporated in November 2013, Kratikal Tech Limited is an AI-driven cybersecurity company providing Software-as-a-Service (SaaS)-based cyber risk management solutions through its proprietary platforms and cybersecurity consulting

Issue details

Price band

₹128 – ₹135

Face value

₹10

Lot size

1,000 shares

Minimum investment

₹2,70,000

Issue size

₹39.69 Cr

Fresh issue

₹37.67 Cr

Offer for sale

—

Issue type

Book Built

Exchange

BSE SME

Key dates

Opens

30 Jun 2026

Closes

2 Jul 2026

UPI mandate cut-off

5:00 PM on 2 Jul 2026

Allotment

3 Jul 2026

Refunds

6 Jul 2026

Shares in demat

6 Jul 2026

Listing

7 Jul 2026

Subscription and listing

Subscription

154.37x

Listing price

₹192

Registrar

Kfin Technologies Ltd

Lead manager

Beeline Capital Advisors

Subscription by category

Total

154.37x

Total applications

1,28,282

Anchor investors

Amount raised

₹11.22 Cr

Bid date

29 Jun 2026

50% lock-in ends

2 Aug 2026

Rest lock-in ends

1 Oct 2026

Listing day

Issue price

₹135

Open

₹192.00

High

₹199.00

Low

₹182.40

Day close

₹182.40

Listing gain at open

+42.22%

Issue structure

Shares reserved per category and share of the total issue

QIB Shares Offered

13,89,000

47.24%

Anchor Investor Shares Offered

8,31,000

28.27%

QIB (Ex. Anchor) Shares Offered

5,58,000

18.98%

NII Shares Offered

4,23,000

14.39%

bNII > ₹10L

2,82,000

9.59%

sNII < ₹10L

1,41,000

4.80%

Retail Shares Offered

9,78,000

33.27%

Market Maker Shares Offered

1,50,000

5.10%

Total Shares Offered

29,40,000

100.00%

Finaccle’s quick read

Apply

FY26 income up 74%, PAT up 61%, ROE 34.95%, D/E 0.00, post-issue P/E 24.4x.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

Incorporated in November 2013, Kratikal Tech Limited is an AI-driven cybersecurity company providing Software-as-a-Service (SaaS)-based cyber risk management solutions through its proprietary platforms and cybersecurity consulting services. The company operates across two integrated business segments: People Security Management (PSM) solutions under the Threatcop brand and Technology & Process Security Services under the Kratikal brand.

Founded

2013

2013

Promoters

Pavan Kumar,

Pavan Kumar,

Promoter holding

72.58% pre-issue; 53.36% post-issue

72.58% pre-issue; 53.36% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

FY26

FY26

36.86

36.86

9.08

6.14

6.14

24.02

0.01

0.01

30.12

FY25

FY25

21.15

21.15

5.51

3.81

3.81

11.13

0.01

0.01

15.58

FY24

FY24

13.28

13.28

3.87

3.20

3.20

6.56

0.03

0.03

9.05

ROE

34.95%

ROCE

34.35%

Debt / equity

0.00

PAT margin

16.73%

P/E post issue

24.4

Market cap

₹149.86 Cr

Use of IPO money

Investment in Threatcop FZ LLC, UAE and Threatcop AI Inc, USA (subsidiaries) for expenditure towards sales & marketing activities and development of workforce r

₹23.08 Cr

Investment in Product Development

₹9.23 Cr

General Corporate Purposes

₹2.72 Cr

Issue Expenses

₹4.66 Cr

Strengths

✓

Revenue up 74% in FY26 to ₹36.86 Cr

✓

PAT up 61% in FY26 to ₹6.14 Cr

✓

PAT margin of 16.73%

✓

ROE of 34.95% and ROCE of 34.35%

✓

Moderate leverage: debt to equity 0.00

Risks to watch

!

SME platform: large lot size and thinner trading liquidity

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.