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Kwick Forensic Solutions IPO
Price Band
₹85.0–90.0
Issue Size
₹50.77 Cr
Lot Size
1,600 shares
Min Investment
₹288,000
2 LOTS MIN
GMP
+₹78.0 (86.67%)
Issue Price
₹90.0
Subject to Sauda
₹94800
Paid only if allotted
Kwick Forensic Solutions IPO AI Summary
- Kwick Forensic Solutions IPO is listed on BSE SME in the Diversified sector.
- Price band: ₹85.0–₹90.0 per share, lot size 1,600 shares (min. investment ₹288,000, 2 lots minimum).
- Subscription window: 27 Aug–31 Aug 2026, listing on 03 Sep 2026.
- Current GMP is +₹78.0 (86.67%), an estimated listing price of ₹168 — unofficial and can change daily.
Kwick Forensic Solutions is set to raise ₹50.77 Cr through its IPO, with a focus on forensic science products and services. The company has shown significant revenue and profit growth over the past few years, and its strategic partnerships enhance its market position.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
289.00x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
224.32x
|
224x 🔥 |
| NII (HNI) |
318.53x
|
319x 🔥 |
| ↳ bNII (>₹10L) |
347.74x
|
348x 🔥 |
| ↳ sNII (<₹10L) |
260.11x
|
260x 🔥 |
| Retail (RII) |
313.18x
|
313x 🔥 |
| Total | 289.00x | 289.00x |
Auto-updated every 5 min · As of 31st Aug 2026 18:55
Kwick Forensic Solutions IPO Grey Market Premium (GMP) Today
GMP
+₹78.0
GMP %
+86.67%
Est. Listing
₹168.0
Updated: 03 Sep 2026 06:15
GMP Trend (Last 16 Days)
About the Company
Kwick Forensic Solutions offers complete products, tools, and technologies for forensic science, fingerprint analysis, cyber/digital forensics, social media analytics, and big data analytics. The company's offerings include: Product Sales: Forensic Science & Physical Evidence Kits: Forensic kits including fingerprint forensics, footprint and impression kits, general forensic equipments, evidence collection kits, ballistics and scene documentation kits, etc. Mobile CSI vehicles (MCSIV): Fully-equipped forensic vans, mobile forensic laboratories, motorcycle fitted with scientific kits, etc. Cyber & Digital Forensic: Tools and software used to extract, preserve, and analyze digital evidences like mobile and computer data retrievers, social media analysis tools, virtual forensic computing platforms, digital kids, etc. DNA Forensics: Biological evidence management including DNA sample collection kits, sexual assault evidence kits, genetic analyzers, DNA database systems, etc. Service Sales (equipment rentals): The company provides handheld scanners on rental/sub-lease model. Customers: Its customer base includes police stations, state and central forensic labs, fingerprint bureaus, crime investigation departments, police training academies, and universities offering forensic science courses. Sales are mainly done through GeM (Government e-Marketplace), other government portals, direct quotes, and referrals. Competitive Strengths: Tie-ups and strategic relationship with the Global Leaders like Sirchie (USA), Thermo Fisher Scientific, Invitrogen, Rapiscan Systems, Smallpond, MHC Hardware Software Trading LLC, etc. Quality Assurance and Quality Certification Niche Market Segments
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 60.53 | 46.79 | 19.19 |
| Total Income | 105.80 | 65.08 | 30.26 |
| Profit After Tax | 13.51 | 8.56 | 2.83 |
| EBITDA | 19.06 | 12.25 | 5.45 |
| NET Worth | 41.41 | 27.90 | 9.86 |
| Reserves and Surplus | 24.53 | 25.79 | 7.93 |
| Total Borrowing | 3.26 | 3.24 |
Key Ratios
EPS
₹8.00
NAV
₹16.53
ROE
45.34%
ROCE
38.15%
RoNW
30.68%
P/B Value
5.44
P/E Ratio
11.25
Market Cap
₹192.93 Cr
PAT Margin
13.16%
Debt/Equity
0.12
Promoters
Shammer Saralal Shah, Sejal Shammer Shah, Tulsidas Hinduja Ashok Kumar
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding the working capital requirements of the Company 31.42 2 General Corporate Purposes 4.65 3 Issue Expenses 4.99 Total 41.06
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income 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.
Profit Trend
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.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO compared to its issue price. A positive GMP suggests that the stock may list at a higher price, reflecting demand in the unofficial market.
Subscription Demand
As of 31st Aug 2026, the IPO was oversubscribed 289 times overall. The QIB category saw a subscription of 224.32 times, while the NII category was subscribed 318.53 times. Retail investors subscribed 313.18 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their growth potential and market conditions. It's important to consider the company's fundamentals and market position.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid this IPO, as it operates in a niche market with inherent uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on 27th August 2026 and closes on 31st August 2026. Allotment of shares will be done on 1st September 2026, with the listing date set for 3rd September 2026.
Listing Gains — The Risk
Investors should be aware that listing day gains can be unpredictable. While a positive GMP may suggest potential gains, market conditions can change rapidly, affecting the stock's performance on the listing day.
This evaluation is generated from Kwick Forensic Solutions's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Kwick Forensic Solutions IPO GMP today?
Kwick Forensic Solutions IPO GMP today is +₹78.0 (86.67%), indicating an estimated listing price of ₹168. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Kwick Forensic Solutions IPO?
The price band of Kwick Forensic Solutions IPO is ₹85.0–₹90.0 per share.
When does Kwick Forensic Solutions IPO open and close?
Kwick Forensic Solutions IPO opens on 27 August 2026 and closes on 31 August 2026.
When does Kwick Forensic Solutions IPO list on the stock exchange?
Kwick Forensic Solutions IPO listed on 03 September 2026 at ₹168.0.
What is the lot size for Kwick Forensic Solutions IPO?
The lot size for Kwick Forensic Solutions IPO is 1600 shares, requiring a minimum investment of ₹288,000 (2 lots).
What is the lot size for this IPO?
The lot size for Kwick Forensic Solutions IPO is 1600 shares.
What is the minimum investment required?
The minimum investment required is ₹2,88,000.
What is the price band for this IPO?
The price band for this IPO is ₹85.0 to ₹90.0.
When does the IPO open and close?
The IPO opens on 27th August 2026 and closes on 31st August 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
27 Aug 2026
Close
31 Aug 2026
Allotment
01 Sep 2026
Listing
03 Sep 2026
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