Kwick Forensic Solutions IPO

The Kwick Forensic Solutions SME IPO is open between 27 Aug 2026 and 31 Aug 2026, offered at a price band of ₹85–90 per share, and is set to list on BSE. The IPO seeks to raise ₹50.77 crore. Retail investors bid in lots of 1600 shares, a minimum application of ₹2,88,000.

Issue structure

The offer combines a fresh issue of ₹38.51 crore with an offer for sale (OFS) of ₹9.72 crore by existing shareholders. Money raised through the fresh issue goes to the company for its stated objects, while OFS proceeds go to the selling shareholders rather than the business.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward funding the working capital requirements of the company (₹31.42 crore), alongside general corporate purposes.

Financials

In FY2026, Kwick Forensic Solutions reported revenue of ₹105.8 crore and a net profit of ₹13.51 crore. Revenue grew from ₹30.26 crore in FY2024 to ₹105.8 crore in FY2026 (+250.0%). Net worth stood at ₹41.41 crore at the end of FY2026. At the upper band, that puts the issue at roughly 11.3× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 14.29× post-issue earnings and 5.44× book value, against a return on net worth of 32.62% and a debt-to-equity ratio of 0.12. These ratios come from the offer document and are for comparison, not a recommendation.

Promoters

The promoters of the company are <p>Shammer Saralal Shah, Sejal Shammer Shah, Tulsidas Hinduja Ashok Kumar</p>. Promoter holding stands at 88.54% before the issue and comes down to 64.65% after listing.

Grey market premium (GMP)

In the unofficial grey market, Kwick Forensic Solutions shares are quoted at a premium of ₹61 implying an expected listing around ₹151, about +67.8% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

What to weigh

When evaluating the Kwick Forensic Solutions IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Kwick Forensic Solutions

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 &amp; 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 &amp; 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