SME

IPO ·

BSE SME

Kwick Forensic Solutions Ltd

Listed

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-enforce

Issue details

Price band

₹85 – ₹90

Face value

₹10

Lot size

1,600 shares

Minimum investment

₹2,88,000

Issue size

₹50.77 Cr

Fresh issue

₹38.51 Cr

Offer for sale

₹9.72 Cr

Issue type

Book Built

Exchange

BSE SME

Key dates

Opens

27 Aug 2026

Closes

31 Aug 2026

UPI mandate cut-off

5:00 PM on 31 Aug 2026

Allotment

1 Sep 2026

Refunds

2 Sep 2026

Shares in demat

2 Sep 2026

Listing

3 Sep 2026

Subscription and listing

Subscription

205.10x

Listing price

₹150

Registrar

Bigshare Services Pvt Ltd

Lead manager

Corporate Capital Ventures

Subscription by category

Total

205.10x

Total applications

2,16,308

Anchor investors

Amount raised

₹14.43 Cr

Bid date

25 Aug 2026

50% lock-in ends

30 Sep 2026

Rest lock-in ends

29 Nov 2026

Listing day

Issue price

₹90

Open

₹150.00

High

₹157.50

Low

₹142.50

Day close

₹157.50

Listing gain at open

+66.67%

Issue structure

Shares reserved per category and share of the total issue

QIB

26,73,600

47.39%

Anchor Investor

16,03,200

28.42%

QIB (Ex. Anchor)

10,70,400

18.97%

NII

8,06,400

14.29%

bNII > ₹10L

5,37,600

9.53%

sNII < ₹10L

2,68,800

4.76%

Retail

18,78,400

33.30%

Market Maker

2,83,200

5.02%

Total

56,41,600

100.00%

Finaccle’s quick read

Apply

FY26 income up 63%, PAT up 58%, ROE 38.98%, post-issue P/E 14.29x.

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 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.

Founded

2005

2005

Promoters

Shammer Saralal Shah, Sejal Shammer Shah, Tulsidas Hinduja Ashok Kumar

Shammer Saralal Shah, Sejal Shammer Shah, Tulsidas Hinduja Ashok Kumar

Promoter holding

88.54% pre-issue; 64.65% post-issue

88.54% pre-issue; 64.65% 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

105.80

105.80

19.06

13.51

13.51

41.41

—

—

60.53

FY25

FY25

65.08

65.08

12.25

8.56

8.56

27.90

3.26

3.26

46.79

FY24

FY24

30.26

30.26

5.45

2.83

2.83

9.86

3.24

3.24

19.19

ROE

38.98%

ROCE

44.88%

Debt / equity

—

PAT margin

12.78%

P/E post issue

14.29

Market cap

₹192.93 Cr

Use of IPO money

Funding the working capital requirements of the Company

₹31.42 Cr

General Corporate Purposes

₹4.65 Cr

Issue Expenses

₹4.99 Cr

Strengths

✓

Revenue up 63% in FY26 to ₹105.80 Cr

✓

PAT up 58% in FY26 to ₹13.51 Cr

✓

PAT margin of 12.78%

✓

ROE of 38.98% and ROCE of 44.88%

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.