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Home IPOs Kwick Forensic Solutions Ltd
KW
Kwick Forensic Solutions Ltd
● OPEN BSE SME Bookbuilding IPO Fresh capital cum OFS
GREY MARKET PREMIUM
₹ + 64
+71% expected return
EST. LISTING PRICE
₹154
Issue Price: ₹ 90
Issue Price
₹90
Face Value
₹10
Lot Size
1,600 shares
Open Date
27 Aug 2026
Close Date
31 Aug 2026
Allotment
01 Sep 2026
Listing Date
03 Sep 2026
Exchange
BSE SME
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. Since FY2015, it has developed and supplied end-to-end forensic products, solutions, tools and technologies for crime scene investigation, fingerprint science, cyber/digital forensics, social-media analytics and evidence management.

The Company offers a diversified portfolio of forensic products and services, including fingerprint and physical evidence kits, evidence collection kits, Mobile Crime Scene Investigation Vehicles, digital forensic tools, DNA forensic solutions, handheld forensic devices and rental services for forensic equipment. It also provides product demonstrations, operating training, installation and post-delivery technical support. Its customers include police departments, central and state forensic laboratories, fingerprint bureaus, crime investigation departments, police training academies, universities and other government and private-sector institutions. The Company also sources products from international and domestic OEMs and has progressively increased domestic procurement to support supply continuity and cost efficiency.

The Company is supported by R&D and quality-management capabilities, including a branch facility used for R&D, product demonstrations and proof-of-concept forensic laboratory activities. Its quality systems are supported by ISO 9001:2015, ISO 14001:2015, ISO/IEC 20000-1:2018 and ISO/IEC 27001:2022 certifications, along with registrations with MSME, DSIR and NSIC.

As of July 31, 2026, the Company had 33 employees on payroll and 12 employees on contract, with personnel deployed across administration, finance, legal and compliance, operations, R&D, sales and marketing, tendering and management functions.

Strengths

  • End-to-end forensic science and evidence-management solutions.
  • Diversified portfolio covering physical, digital, cyber and DNA forensics.
  • Strategic relationships and tie-ups with global forensic technology providers.
  • Focus on niche forensic and law-enforcement market segments.
  • In-house R&D and development of forensic handheld devices and solutions.
  • Strong quality-management systems supported by multiple ISO certifications.
  • Growing domestic sourcing network supporting supply continuity and cost efficiency.
Objects of the Issue
Purpose Amount (₹ Cr)
Funding the working capital requirements of the Company ₹31
General Corporate Purposes
Lead Managers
Corporate Capital Ventures Pvt.Ltd
Financial Summary Amount in ₹ Crore
Metric 31 Mar 2026 31 Mar 2025 31 Mar 2024
Total Assets 61 47 19
Revenue 106 65 30
PAT 14 9 3
EBITDA 19 12 5
Net Worth 41 28 10
Reserves 25 26 8
Total Borrowing 3 3
Key Financial Ratios
ROE
39
ROCE
45
RONW
33
PAT Margin
13
EBITDA Margin
18
Issue Details
Total Shares Offered
3,755,200
Reserved for Market Maker
283,200 shares (agg. up to ₹[.] Cr)
Net Offer to Public
5,358,400 shares (agg. up to ₹[.] Cr)
Pre-Issue Shareholding
16,874,840 shares
Post-Issue Shareholding
21,436,440 shares
IPO Analytics Dashboard
LIVE
IPO Insights
📊
Valuation
Strong
IPO Strength Score
7 / 10 Good
0–3 Weak 3–6 Moderate 6–8 Good 8–10 Strong
Category-wise Subscription Shares offered, bid & amount
Category Sub (x) Offered Bid For
🏦 QIB 0.00 1,070,400 0
💼 NII / HNI 4.29 806,400 3,456,000
👤 Retail (RII) 13.17 1,878,400 24,745,600
📊 Market Maker 283,200
Σ Total 7.51 3,755,200 28,201,600

* Amount calculated at upper price band (₹90) ·  ** Total includes all investor categories

Application Sizing Minimum investment by category
👤 Retail Investors ?
Min. Lots 2
Shares / Lot 3,200
Min. Investment ₹288,000
💼 HNI Investors ?
Min. Lots 3
Min. Shares 4,800
Min. Investment ₹432,000
Valuation — EPS & P/E Pre & post-issue metrics
Pre-Issue EPS ?
₹ 8
Post-Issue EPS ?
₹ 6
Pre-Issue P/E ?
11 x
Post-Issue P/E ?
14 x
IPO Timeline & Key Dates
  1. 1 💳 Initiation of Refund 02 Sep 2026
  2. 2 📂 Credit of Shares to Demat 02 Sep 2026
Investor Interpretation
  • The IPO P/E of 14x reflects a strong valuation relative to typical market ranges.
  • Pre-issue EPS of ₹8 compares to post-issue EPS of ₹6 after dilution.

This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.

Company Info
📍 New No 12 Old No 11 East Park Road, Shenoy Nagar Chennai, Tamil Nadu, 600030
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Registrar
Bigshare Services Pvt.Ltd
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