Kwick Forensic Solutions IPO Analysis: Should You Apply? GMP, Review & Details

Kwick Forensic Solutions is a SME IPO in the Diversified sector. The issue price band is ₹85.0–₹90.0 per share. Issue size is ₹50.77 crore. Current GMP is +86.67% over the issue price (unofficial, subject to change).

Kwick Forensic Solutions IPO — Key Details

Company Overview

Kwick Forensic Solutions provides a range of products, tools, and technologies for forensic science, including fingerprint analysis, cyber forensics, and big data analytics. Their offerings include forensic kits, mobile forensic laboratories, digital evidence tools, and DNA management systems. The company serves various clients, including police stations and forensic labs, primarily through government marketplaces and direct sales.

Financial Performance

Revenue was ₹30.26 Cr in 31 Mar 2024, rising to ₹65.08 Cr by 31 Mar 2025, and further increasing to ₹105.80 Cr by 31 Mar 2026. This shows a consistent upward trend in total income over the periods. Profit After Tax was ₹2.83 Cr in 31 Mar 2024, increasing to ₹8.56 Cr by 31 Mar 2025, and reaching ₹13.51 Cr by 31 Mar 2026. This indicates a steady growth in profitability across the reported periods.

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: 1) Funding the working capital requirements of the Company (₹31.42 Cr), 2) General Corporate Purposes (₹4.65 Cr), 3) Issue Expenses (₹4.99 Cr). Total estimated amount is ₹41.06 Cr.

Strengths & Weaknesses

Strengths

Kwick Forensic Solutions has established strategic partnerships with global leaders in forensic technology, ensuring high-quality products and services. The company operates in niche market segments, which may provide competitive advantages.

Understanding Grey Market Premium (GMP)

The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. A positive GMP indicates that shares are expected to list at a higher price than the issue price, suggesting strong demand among investors.

Subscription Status

As of 31st Aug 2026, the IPO was oversubscribed 289 times overall. The breakdown shows significant interest from various categories: QIBs subscribed 224.32 times, NIIs 318.53 times, and Retail investors 313.18 times, indicating robust demand across the board.

IPO Timeline

The IPO is scheduled to open on 27th August 2026 and close on 31st August 2026. Allotment of shares will be done on 1st September 2026, with listing expected on 3rd September 2026.

Should You Apply for Kwick Forensic Solutions IPO?

Investors who are comfortable with short-term volatility and have a long-term investment horizon typically evaluate IPOs like this against their overall investment strategy and risk tolerance.

Investors who prefer stable, low-risk investments or those who are not comfortable with the inherent risks associated with IPOs may consider avoiding this investment.

This is general risk-profile education, not a personal recommendation to apply or avoid this specific IPO — TopFund is not a SEBI-registered investment adviser.

Listing Day Risks

Investing in IPOs carries the risk of price volatility on the listing day. While some investors may experience gains, others could face losses if the stock price falls below the issue price after listing.

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Disclaimer: This is educational content, not investment advice. GMP is an unofficial grey-market indicator, unregulated and never guaranteed. TopFund is not a SEBI-registered investment adviser — please do your own research or consult a qualified adviser before applying to any IPO.