Kwick Forensic Solutions Limited
Bookbuilding IPO · BSE
- Price band
- ₹85 – ₹90
- Lot size
- 1,600 shares
- Issue amount
- ₹50.77 cr
- Total subscription
- 232.38×
- Opens
- 27 Aug 2026
- Closes
- 31 Aug 2026
- Allotment
- 1 Sept 2026
- Listing
- 3 Sept 2026
Offer at a glance
Issue overview
- Issue size
- 56,41,600 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,36,000
- Fresh issue
- ₹41.05 cr
- Offer for sale
- ₹9.72 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,44,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,68,74,840
- Shares after issue
- 2,14,36,440
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 3,200 | ₹2,88,000 |
| sHNI | 3 | 4,800 | ₹4,32,000 |
| bHNI | 7 | 11,200 | ₹10,08,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 31 Aug 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 141 |
| NIB | 0 | 30,133 |
| RETAIL | 587 | 1,86,972 |
| EMPLOYEES | 0 | 0 |
| HNIs(10L +) | 112 | 15,985 |
| HNIs (2-10L) | 56 | 14,148 |
| Shareholder | 0 | 0 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 9.63 | 144.79 |
| FIIs | 0 | 455.08 |
| Mutual Funds | 0 | 23.85 |
| Others | 0 | 1,436.79 |
| RETAIL | 16.91 | 5,384.79 |
| HNIs 2+ | 2.42 | 635.64 |
| HNIs 10+ | 4.84 | 1,688.6 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 8 | 43.31 | 68.59 |
| ROE | 38.98 | 45.34 | 41.43 |
| ROCE | 44.88 | 38.15 | 39.07 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 11.25 | 0 | 0 |
| POST IPO(PE) | 14.29 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Kwick Forensic Solutions provides a wide range of products, tools, and technologies used in forensic science, including fingerprint analysis, cyber and digital forensics, social media tracking, and big data analytics. The company offers various products such as forensic kits for evidence collection, mobile forensic vehicles, digital investigation tools for analyzing mobile and computer data, and DNA testing equipment. It also provides equipment like handheld scanners on a rental basis. Its main customers include police departments, forensic labs, investigation agencies, training institutes, and universities, and most of its sales are done through government platforms like GeM, along with direct orders and referrals.
Strengths
- Strong Global Partnerships: Has long-term relationships with reputed global OEMs, helping the company offer a wide range of products and solutions based on customer requirements.
- Niche Market Position: Operates in a specialized market serving government departments, authorities and law enforcement agencies. Its experience and strong industry relationships create high entry barriers for new competitors.
- Strong Quality Control: Follows strict quality checks at every stage, from procurement to delivery, including product inspections, pre-dispatch checks, customer acceptance and R&D-based testing.
Risk factors
- No Long-Term Customer Agreements: Most customers do not have long-term contracts and can change, delay, reduce or cancel orders. This may impact production, sales, profits, working capital and cash flow.
- Dependence on Goods & Services Revenue: A large part of the company’s revenue comes from the sale of goods and services. Any decline in demand could negatively affect its business and financial performance.
- Lower Acquisition Cost for Promoter Selling Shareholders: Some promoter shareholders acquired their shares at a lower cost than the IPO Offer Price. This difference may benefit them if they sell their shares at the Offer Price.
Promoters
Mr. Shammer Saralal Shah
Mrs. Sejal Shammer Shah
Mr. Tulsidas Hinduja Ashok Kumar
Registrar & documents
Lead manager
Corporate Capitalventures Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
New No 12 Old No 11 East Park Road, Shenoy Nagar, Chennai, Tamil Nadu, 600030
8807110249
[email protected]Company website ↗Understanding KWICK IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.