Kwick Forensic Solutions IPO Logo

Kwick Forensic Solutions IPO
GMP, Subscription, Price, Dates & Financial Details

Trading

Closed BSE SME

Kwick Forensic Solutions Limited (formerly known as Kwick Soft Solutions Private Limited) was incorporated in March 2005. The Company is engaged in providing forensic science, evidence management, cyber and digital forensics, DNA forensics and law-enforcement solutions across India. Over the years,…

Open Date

Thu, 27 Aug 2026

Close Date

Mon, 31 Aug 2026

Price Band

₹ 85 – 90

Lot Size

1600

Issue Size

₹ 50.77 Cr

Minimum Investment

₹ 288,000 (3200 Shares)

Grey Market Premium Analysis

Day Wise GMP→

Unofficial premium quoted in the grey market, tracked daily against the price band cap.

22 Aug ₹51 23 Aug ₹61 24 Aug ₹64 25 Aug ₹64 26 Aug ₹64 27 Aug ₹64 28 Aug ₹64 29 Aug ₹70 30 Aug ₹70 31 Aug ₹85

Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.

IPO Details

According to the Red Herring Prospectus (RHP), Kwick Forensic Solutions IPO was a book-built issue with a total issue size of ₹50.77 Crore, comprising a fresh issue of 42.78 Lakh equity shares aggregating to ₹41.05 Crore and an offer for sale (OFS) of 10.80 Lakh equity shares aggregating to ₹9.72 Crore by the existing shareholders.

The Kwick Forensic Solutions IPO was open for subscription from August 27, 2026, to August 31, 2026. The basis of allotment was finalized on September 01, 2026, and the shares are tentatively scheduled to be listed on BSE SME Platform on September 03, 2026.

The company had fixed the price band at ₹85 to ₹90 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹288,000 (based on the upper price band) to apply for one lot.

Bigshare Services Pvt Ltd is the registrar to the issue. Corporate Capitalventures Pvt Ltd are the Book Running Lead Managers (BRLMs) to the issue.

Following the completion of the allotment process, successful applicants should receive the allotted shares in their demat accounts before the tentative listing on BSE SME Platform on September 03, 2026. Investors who did not receive an allotment can expect their refunds, if applicable, to be processed as per the IPO schedule.

Kwick Forensic Solutions IPO Timeline (Tentative)

IPO Open Date
Thu, 27 Aug 26
IPO Close Date
Mon, 31 Aug 26
Basis of Allotment
Tue, 01 Sep 26
Initiation of Refunds
Wed, 02 Sep 26
Credit of Shares to Demat
Wed, 02 Sep 26
Listing Date
Thu, 03 Sep 26 — BSE

Open Date

27 August 2026

Close Date

31 August 2026

Basis Of Allotment

01 September 2026

Listing Date

03 September 2026

IPO Subscription

Check Live Subscription →

The Kwick Forensic Solutions IPO has received bids for 1,10,04,52,800 shares against 48,44,800 shares offered, resulting in an overall subscription of 293.05x. the NII category is subscribed 320.25x, Retail Investors 318.52x, and QIBs 227.85x. Within the NII category, BNII is subscribed 349x, while SNII is subscribed 262.75x.

NII

320.25x

QIB

227.85x

BNII

349x

SNII

262.75x

RII

318.52x

Total

293.05x

IPO Reservations

The Retail Individual Investor (RII) category has the highest allocation with 18,78,400 shares, representing 35.06% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 10,70,400 shares (19.98%), while Non-Institutional Investors (NIIs) receive 8,06,400 shares (15.05%).

Category Shares Offered Shares Offered
Anchor Investors1,603,20029.92%
Qualified Institutions1,070,40019.98%
Non-Institutional806,40015.05%
BNII537,60010.03%
SNII268,8005.02%
Retail Investors1,878,40035.06%
Total5,358,400100%

Financials Details(₹ in Crores)

Particular 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 60.53 46.79 19.19
Revenue 105.8 65.08 30.26
Profit After Tax 13.51 8.56 2.83
Net Worth 41.41 27.9 9.86
Reserve & Surplus 24.53 25.79 7.93
Total Borrowings 0 3.26 3.24

Financials Performance

Company Revenue Vs Profit After Tax
106 14 31 Mar 2026 65 9 31 Mar 2025 30 3 31 Mar 2024 Revenue PAT

Performance Indicators

8.00%

EPS Pre

Earnings per share before the IPO.

11.25

P/E Pre

IPO Offer Price ÷ EPS Pre.

6.30%

EPS Post

Expected earnings per share after the IPO..

14.29x

P/E (Post Issue)

IPO Offer Price ÷ EPS Post.

Kwick Forensic Solutions Limited KPI Information

Particular Mar 2026 Mar 2025 Mar 2024
ROE % 38.98 45.34 41.43
ROCE % 44.88 38.15 39.07
Debt / Equity 0 0.12 0.33
RoNW % 32.62 30.68 28.75
Pat Margin % 12.78 13.16 9.39

Peers Comparison

No Peer Comparision Available

About Kwick Forensic Solutions Limited

Kwick Forensic Solutions Limited (formerly known as Kwick Soft Solutions Private Limited) was incorporated in March 2005. The Company is engaged in providing forensic science, evidence management, cyber and digital forensics, DNA forensics and law-enforcement solutions across India. Over the years, it has evolved from a software development company into a specialised provider of integrated forensic products, technologies and services for law-enforcement and investigative agencies.

Business Evolution

The Company initially focused on software development, 3D rendering, animation and simulation technologies. Subsequently, it diversified into forensic science and training technologies. Since FY2015, the Company has progressively developed and supplied end-to-end forensic products, solutions, tools and technologies covering crime scene investigation, fingerprint science, cyber and digital forensics, social-media analytics and evidence management.

Its business model combines the development, sourcing, supply, installation, demonstration, training and technical support of forensic equipment and solutions. The Company also sources specialised products from both international and domestic original equipment manufacturers (OEMs). In recent years, it has increased its reliance on domestic procurement to improve supply continuity, reduce procurement risks and enhance cost efficiency.

Products and Services

The Company offers a diversified portfolio of forensic and law-enforcement products and services, including:

  • Fingerprint and physical evidence kits

  • Crime scene and evidence collection kits

  • Mobile Crime Scene Investigation (CSI) Vehicles

  • Cyber and digital forensic tools and solutions

  • DNA forensic solutions

  • Handheld forensic devices and equipment

  • Forensic equipment rental services

  • Evidence management and related technology solutions

  • Social-media analytics and investigative solutions

In addition to supplying products and equipment, the Company provides product demonstrations, installation services, operational training and post-delivery technical support. This integrated approach enables customers to receive not only forensic equipment but also the associated implementation and operational assistance required for effective deployment.

Customer Base

The Company's customer base primarily comprises institutions involved in law enforcement, criminal investigation, forensic examination and professional training. Its customers include:

  • Police departments at the central and state levels

  • Central and State Forensic Science Laboratories

  • Fingerprint Bureaus

  • Crime Investigation Departments

  • Police training academies

  • Universities and educational institutions

  • Government agencies and other public-sector institutions

  • Selected private-sector organisations requiring forensic and investigative solutions

The Company's exposure to government and law-enforcement institutions provides it with access to a specialised market where technical capabilities, product reliability, compliance requirements and after-sales support are important considerations in procurement decisions.

Research, Development and Technical Capabilities

The Company has established R&D and technical capabilities to support the development, demonstration and implementation of forensic solutions. Its branch facility is utilised for research and development activities, product demonstrations and proof-of-concept forensic laboratory activities. These facilities enable the Company to evaluate and demonstrate forensic technologies and provide customers with practical exposure to its products and solutions before deployment.

The Company's capabilities span multiple areas of forensic science and technology, including crime scene investigation, fingerprint examination, digital and cyber forensics, DNA forensics, evidence management and investigative analytics.

Quality and Regulatory Credentials

The Company's quality-management and information-security framework is supported by various certifications and registrations, including:

  • ISO 9001:2015 – Quality Management System

  • ISO 14001:2015 – Environmental Management System

  • ISO/IEC 20000-1:2018 – IT Service Management System

  • ISO/IEC 27001:2022 – Information Security Management System

  • Registration with MSME

  • Registration with DSIR

  • Registration with NSIC

These certifications and registrations support the Company's focus on quality management, environmental practices, IT service management and information-security controls.

Human Resources

As of July 31, 2026, the Company had a total workforce of 45 personnel, comprising 33 employees on its payroll and 12 employees engaged on a contractual basis.

Its personnel are deployed across key functional areas, including:

  • Administration

  • Finance

  • Legal and Compliance

  • Operations

  • Research and Development

  • Sales and Marketing

  • Tendering

  • Management

The Company's workforce structure is aligned with its business model, which requires a combination of technical and forensic expertise, tender-management capabilities, operational support, sales and marketing resources, and corporate and compliance functions.

Overall Business Profile

Overall, Kwick Forensic Solutions Limited has developed from a software-focused enterprise into a specialised forensic science and law-enforcement solutions provider with capabilities across physical forensics, fingerprint science, DNA forensics, cyber and digital forensics, evidence management and investigative technologies. Its integrated offering—covering products, sourcing, demonstrations, installation, training and post-sales technical support—allows it to address multiple requirements of police departments, forensic laboratories and other investigative institutions.

The Company's continued focus on R&D, technology-enabled forensic solutions, domestic sourcing, quality systems and technical support forms an important part of its business strategy and positions it to participate in the growing adoption of modern forensic and digital-investigation technologies in India.

Kwick Forensic Solutions IPO Promoters

  1. Mr. Shammer Saralal Shah 

  2. Mrs. Sejal Shammer Shah 

  3. Mr. Tulsidas Hinduja Ashok Kumar 

Promoters Holding

Holding Pre Issue

88.54%

Holding Post Issue

64.65%

Kwick Forensic Solutions IPO Objective

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.

  1. Funding the Working Capital requirement of our company

  2. General Corporate Purposes

Kwick Forensic Solutions Limited Address / Contact Details

Kwick Forensic Solutions Ltd.
New No 12 Old No 11 East Park Road,
Shenoy Nagar
Chennai, Tamil Nadu, 600030
Phone: +91-8807110249
Email: cs@kwickforensic.com
Website: https://kwickforensic.com/

IPO Snapshot

Face Value₹10 per share
Price Band ₹ 85 – 90
Lot Size1600
Issue TypeBook-building IPO
Sale TypeFresh Capital & Offer For Sale
Fresh Issue₹ 41.05 Cr
Offer for Sale₹ 9.72 Cr
Total Issue Size₹ 50.77 Cr
Listing AtBSE

Kwick Forensic Solutions IPO Lot Size

The Kwick Forensic Solutions IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹2,88,000 by applying for 2 lot (3,200 shares). The maximum application allowed for the retail category is 2 lots (3,200 shares), requiring an investment of ₹2,88,000.

Application Lots Shares Amount (₹)
Retail (Min)23,200288,000.00
Retail (Max)23,200288,000.00
S-HNI (Min)34,800432,000.00
S-HNI (Max)69,600864,000.00
B-HNI (Min)711,2001,008,000.00

Issue Reservation

  • Anchor Investors — 29.92%
  • QIB — 19.98%
  • NII — 15.05%
  • RII — 35.06%

Kwick Forensic Solutions IPO Registrar

Bigshare Services Pvt Ltd

91-22-6263 8200

investor@bigshareonline.com

https://www.bigshareonline.com

Check Allotment Status

Book Running Lead Managers

  • Corporate Capitalventures Pvt Ltd

IPO Documents & Links

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Disclaimer: This data is for informational purposes only and does not constitute investment advice.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

What is the Kwick Forensic Solutions IPO?

Kwick Forensic Solutions IPO is a Book-building IPO with a total issue size of ₹50.77 crore. The Kwick Forensic Solutions IPO price band is ₹85 to 90 per share. The Kwick Forensic Solutions IPO subscription opens on Thu, Aug 27, 2026, and closes on Mon, Aug 31, 2026. The Kwick Forensic Solutions IPO will be listed on the BSE. Bigshare Services Pvt Ltd is the registrar for the Kwick Forensic Solutions IPO.

When will the Kwick Forensic Solutions IPO open for subscription?

The Kwick Forensic Solutions IPO opens on Thu, Aug 27, 2026 and closes on Mon, Aug 31, 2026

What is Kwick Forensic Solutions IPO Price Band?

Kwick Forensic Solutions IPO Price Band is ₹85 to 90 per share.

What is Kwick Forensic Solutions IPO Lot Size?

Kwick Forensic Solutions IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹288000 based on the upper price band

What is the minimum investment for Kwick Forensic Solutions IPO?

The minimum investment for Kwick Forensic Solutions IPO is ₹288000, based on one lot of 1600 shares at the upper price band of ₹90 per share.

How to apply for Kwick Forensic Solutions IPO?

Investors can apply for the Kwick Forensic Solutions IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Aug 31, 2026. The application amount remains blocked until the Kwick Forensic Solutions IPO allotment is finalized.

What is Kwick Forensic Solutions IPO Issue Size?

Kwick Forensic Solutions IPO issue size is ₹50.77 crores.

What is the Kwick Forensic Solutions IPO Allotment Date?

Kwick Forensic Solutions IPO allotment date is Tue, Sep 1, 2026.

Who is the Kwick Forensic Solutions IPO Registrar?

The registrar for Kwick Forensic Solutions IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Kwick Forensic Solutions IPO allotment status, refund processing, and other IPO-related information.

What is the Kwick Forensic Solutions IPO GMP?

The Kwick Forensic Solutions IPO GMP (Grey Market Premium) is ₹85 as of Mon, Aug 31, 2026. Based on the upper price band of ₹90 per share, the estimated Kwick Forensic Solutions IPO listing price is ₹175, indicating a potential listing gain of approximately 94.44% over the issue price.

Who is the Kwick Forensic Solutions IPO Lead Manager?

The book-running lead managers (BRLMs) for the Kwick Forensic Solutions IPO are Corporate Capitalventures Pvt Ltd . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Kwick Forensic Solutions IPO Red Herring Prospectus (RHP).