Kwick Forensic Solutions IPO is a Book Built SME public issue of Kwick Forensic Solutions Limited. The IPO comprises a fresh issue of 45,61,600 equity shares and an Offer for Sale of 10,80,000 equity shares. The shares have a face value of ₹10 each. At the upper price band of ₹90 per share, the total issue size is approximately ₹50.77 crore. The equity shares are proposed to be listed on the BSE SME platform.
Kwick Forensic Solutions IPO is scheduled to open for subscription on 27 August 2026 and close on 31 August 2026. The basis of allotment is scheduled for 1 September 2026, while refunds and credit of shares to demat accounts are scheduled for 2 September 2026. The proposed listing date is 3 September 2026.
Kwick Forensic Solutions Limited operates in the forensic science and law-enforcement solutions industry. The company provides products, technologies and services covering forensic science, physical evidence solutions, cyber and digital forensics, DNA forensics and mobile crime-scene investigation solutions. It also provides equipment rental and annual maintenance-related services.
The company’s business includes forensic evidence collection kits, fingerprint solutions, DNA-related products, cyber and digital forensic tools, mobile CSI vehicles, evidence management solutions and other specialised forensic equipment. It serves government and private-sector customers including police departments, forensic laboratories, fingerprint bureaus, training institutions and other organisations.
Kwick Forensic Solutions has a PAN-India presence and works through government procurement platforms, e-procurement channels and direct customer relationships. The company also has an R&D division, demonstration centre and proof-of-concept private forensic laboratory in Chennai.
The IPO proceeds are proposed to be used primarily for funding the company’s working capital requirements and for general corporate purposes. The working-capital requirement is estimated at approximately ₹31.42 crore.
Investors should evaluate the company’s financial performance, specialised business model, customer concentration, working-capital requirements, dependence on government and institutional customers, competition and other risks before making an investment decision.
Kwick Forensic Solutions IPO Details
| Information | Details |
|---|---|
| IPO Name | Kwick Forensic Solutions IPO |
| Company Name | Kwick Forensic Solutions Limited |
| IPO Type | Book Built Issue |
| IPO Category | SME IPO |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹85 to ₹90 Per Share |
| Issue Size | ₹50.77 Crore |
| Fresh Issue | 45,61,600 Equity Shares |
| Offer for Sale | 10,80,000 Equity Shares |
| Total Issue Shares | 56,41,600 Equity Shares |
| Fresh Issue Amount | Approx. ₹41.05 Crore |
| Offer for Sale Amount | Approx. ₹9.72 Crore |
| Market Maker Reservation | 2,83,200 Equity Shares |
| IPO Open Date | 27 August 2026 |
| IPO Close Date | 31 August 2026 |
| Anchor Investor Bidding | 25 August 2026 |
| Basis of Allotment | 1 September 2026 |
| Refund Initiation | 2 September 2026 |
| Shares Credited to Demat Account | 2 September 2026 |
| Listing Date | 3 September 2026 |
| Listing Exchange | BSE SME |
| Lot Size | 1,600 Equity Shares |
| Minimum Application | 2 Lots (3,200 Shares) |
| Minimum Application Amount | ₹2,88,000 |
| Registrar | Bigshare Services Private Limited |
| Book Running Lead Manager | Corporate Capital Ventures Private Limited |
| Market Maker | R.K. Stock Holding Private Limited |
At the upper price band of ₹90 per share, 56,41,600 shares represent an issue size of approximately ₹50.77 crore. The issue consists of 45,61,600 fresh shares and 10,80,000 shares offered by selling shareholders.
Kwick Forensic Solutions IPO Dates
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | 25 August 2026 |
| IPO Opening Date | 27 August 2026 |
| IPO Closing Date | 31 August 2026 |
| Basis of Allotment | 1 September 2026 |
| Refund Initiation | 2 September 2026 |
| Shares Credited to Demat Account | 2 September 2026 |
| Listing Date | 3 September 2026 |
Kwick Forensic Solutions IPO is scheduled to open on 27 August 2026 and close on 31 August 2026. The basis of allotment is scheduled for 1 September 2026, followed by refunds and credit of shares on 2 September 2026. The proposed listing is scheduled for 3 September 2026.
Kwick Forensic Solutions IPO Reservation
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 26,73,600 Shares | 49.90% | 47.39% |
| Anchor Investor | 16,03,200 Shares | Included in QIB | 28.42% |
| QIB (Ex. Anchor) | 10,70,400 Shares | Included in QIB | 18.97% |
| Non-Institutional Investors (NII) | 8,06,400 Shares | 15.05% | 14.29% |
| Retail Individual Investors (RII) | 18,78,400 Shares | 35.05% | 33.30% |
| Market Maker | 2,83,200 Shares | — | 5.02% |
| Total | 56,41,600 Shares | 100% | 100% |
The reservation structure provides for 26,73,600 shares for QIBs, 8,06,400 shares for NIIs and 18,78,400 shares for retail investors. A further 2,83,200 shares are reserved for the market maker.
Kwick Forensic Solutions IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lots | 3,200 Shares | ₹2,88,000 |
| Retail Maximum | 2 Lots | 3,200 Shares | ₹2,88,000 |
| S-HNI Minimum | 3 Lots | 4,800 Shares | ₹4,32,000 |
| S-HNI Maximum | 6 Lots | 9,600 Shares | ₹8,64,000 |
| B-HNI Minimum | 7 Lots | 11,200 Shares | ₹10,08,000 |
The Kwick Forensic Solutions IPO market lot is 1,600 shares. The minimum individual application is 2 lots, or 3,200 shares. At the upper price band of ₹90 per share, the minimum application amount is ₹2,88,000.
About Kwick Forensic Solutions Limited
Kwick Forensic Solutions Limited operates in the forensic science, evidence management and law-enforcement solutions industry. The company provides end-to-end products, solutions, tools and technologies used in forensic investigations and evidence management.
The company began its operations in the software and technology space and subsequently transitioned into forensic science solutions. Its current business focuses on providing specialised products and technologies for forensic science, fingerprint science, cyber and digital forensics, DNA forensics and law-enforcement applications.
The company offers products and solutions across four major business segments: Forensic Science & Physical Evidence Solutions, Mobile CSI Vehicles, Cyber & Digital Forensics and DNA Forensics. It also has a services business covering equipment rentals and annual maintenance-related activities.
Its customer base includes government departments, police departments, forensic laboratories, fingerprint bureaus, training institutions and other organisations involved in investigation and evidence management.
The company operates on a PAN-India basis and uses government procurement and e-procurement channels along with direct sales. Its R&D division and demonstration facilities support product development, testing and customer demonstrations.
Business Operations
Kwick Forensic Solutions operates across multiple areas of forensic science and law-enforcement technology.
- Forensic Science & Physical Evidence Solutions – The company provides forensic kits, evidence collection products, fingerprint solutions and other physical evidence-related products.
- Fingerprint Solutions – Its portfolio includes technologies and products used for fingerprint detection, collection and analysis.
- DNA Forensics – The company provides DNA-related forensic products and solutions used in evidence collection and analysis.
- Cyber & Digital Forensics – It supplies tools and technologies supporting the investigation and analysis of digital evidence.
- Mobile CSI Vehicles – The company provides mobile crime-scene investigation vehicles equipped with forensic capabilities.
- Evidence Management Solutions – It provides solutions designed to support the collection, handling and management of forensic evidence.
- Forensic Equipment – Its product portfolio includes specialised forensic equipment, tools and consumables.
- Equipment Rental Services – The company provides rental or sub-lease services for selected equipment, including handheld scanners used by enforcement agencies.
- Annual Maintenance Services – It provides maintenance and support services for certain products and equipment.
- Training and Support – The company provides training and after-sales support associated with its products and solutions.
- R&D Activities – The company operates an R&D division and demonstration facilities for product development and customer requirements.
- Law-Enforcement Solutions – Its products are designed to support police departments, forensic laboratories and other investigation-related institutions.
Industry Overview
The forensic science industry plays an important role in modern criminal investigations and evidence-based judicial processes. The increasing use of scientific and technological methods in investigations has created demand for forensic equipment, digital investigation tools, DNA solutions and evidence-management systems.
Traditional forensic investigation is increasingly being supplemented by digital evidence, biometric information, DNA analysis and technology-enabled crime-scene investigation. This creates opportunities for companies supplying specialised forensic products and integrated solutions.
Government agencies, police departments and forensic laboratories remain important customers for the industry. Public-sector procurement, modernisation of forensic laboratories and increased adoption of technology can support demand for specialised forensic solutions.
Cybercrime is another area contributing to the need for advanced forensic capabilities. The growing volume of digital information and electronic evidence requires specialised tools and technologies for investigation and analysis.
However, the industry also involves specialised technical requirements, regulatory considerations, procurement cycles and competition. Companies dependent on institutional or government customers may also experience longer sales cycles and working-capital requirements.
Kwick Forensic Solutions operates within this specialised market by providing a combination of forensic products, digital investigation tools, mobile CSI solutions, DNA-related products and supporting services.
Business Strategy
Kwick Forensic Solutions focuses on providing integrated forensic science and law-enforcement solutions rather than limiting its business to a single product category.
The company has developed a broad portfolio covering physical evidence, fingerprints, cyber and digital forensics, DNA forensics and mobile CSI vehicles. This diversification enables it to address multiple requirements of forensic laboratories and law-enforcement agencies.
The company also focuses on technology and innovation through its R&D activities. Its product development efforts include advanced biometrics, DNA analysis and mobile laboratory solutions.
Another part of its strategy is maintaining relationships with global OEMs and providing their technologies to customers in India. The company combines product distribution with installation, training, support and maintenance services.
The company also intends to strengthen its working-capital position through the IPO proceeds. The proposed funding can support the company’s operating cycle and facilitate continued business growth.
Kwick Forensic Solutions IPO Financial Information
Kwick Forensic Solutions reported significant growth in total income and profitability during the reported financial years.
Total income increased from ₹30.26 crore in FY2024 to ₹65.08 crore in FY2025 and further to ₹105.80 crore in FY2026. Profit After Tax increased from ₹2.83 crore in FY2024 to ₹8.56 crore in FY2025 and ₹13.51 crore in FY2026. EBITDA increased from ₹5.45 crore in FY2024 to ₹12.25 crore in FY2025 and ₹19.06 crore in FY2026.
Kwick Forensic Solutions Financial Summary
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Total Income | ₹30.26 Crore | ₹65.08 Crore | ₹105.80 Crore |
| EBITDA | ₹5.45 Crore | ₹12.25 Crore | ₹19.06 Crore |
| Profit After Tax (PAT) | ₹2.83 Crore | ₹8.56 Crore | ₹13.51 Crore |
| Total Assets | ₹19.19 Crore | ₹46.79 Crore | ₹60.53 Crore |
| Net Worth | ₹9.86 Crore | ₹27.90 Crore | ₹41.41 Crore |
| Reserves and Surplus | ₹7.93 Crore | ₹25.79 Crore | ₹24.53 Crore |
| Total Borrowings | ₹3.24 Crore | ₹3.26 Crore |
The company recorded substantial growth in total income, EBITDA and PAT during the reported period. Total income more than tripled between FY2024 and FY2026, while PAT increased from ₹2.83 crore to ₹13.51 crore. Total assets and net worth also increased during the period.
The FY2026 total borrowing figure is left blank where a verified current figure is not consistently reported in the available IPO data. This avoids inserting an unverified number.
Kwick Forensic Solutions IPO Key Performance Indicators (KPIs)
| KPI | Value |
|---|---|
| Market Capitalisation | ₹192.93 Crore |
| Return on Equity (ROE) | 38.98% |
| Return on Capital Employed (ROCE) | 44.88% |
| Return on Net Worth (RONW) | 32.62% |
| EBITDA Margin | 18.03% |
| PAT Margin | 12.78% |
| Earnings Per Share (EPS) | ₹8.00 |
| Net Asset Value (NAV) Per Share | ₹24.54 |
| Price to Earnings (P/E) | 11.25x |
| Price to Book Value | 5.44x |
The reported FY2026 KPIs indicate ROE of 38.98%, ROCE of 44.88%, EBITDA margin of 18.03% and PAT margin of 12.78%. EPS stood at ₹8.00 and NAV was ₹24.54. The reported P/E ratio was 11.25x.
Objects of the Kwick Forensic Solutions IPO
The company intends to utilise the net IPO proceeds for the following purposes:
- Funding the working-capital requirements of the company.
- General corporate purposes.
Approximately ₹31.42 crore is proposed to be utilised towards the company’s working-capital requirements. The remaining proceeds are intended for general corporate purposes, subject to the terms of the issue and applicable requirements.
Kwick Forensic Solutions IPO GMP
Kwick Forensic Solutions IPO GMP represents the unofficial premium at which the shares may be traded in the grey market before listing.
| Particular | Value |
|---|---|
| Kwick Forensic Solutions IPO GMP | |
| IPO Price | ₹85 to ₹90 |
| Estimated Listing Price | |
| GMP Percentage |
The GMP figures are kept blank because an officially verified grey-market premium is not available from the company’s IPO documents. Grey-market premiums are unofficial and can change before listing.
Kwick Forensic Solutions IPO Listing Performance
Kwick Forensic Solutions shares are scheduled to be listed on the BSE SME platform on 3 September 2026.
| Particular | Value |
|---|---|
| Listing Exchange | BSE SME |
| Listing Date | 3 September 2026 |
| Issue Price | ₹90 Per Share |
| Listing Price | |
| Listing Gain | |
| Listing Gain (%) |
The listing price and listing gain are kept blank because the company’s shares have not yet commenced trading. The actual listing price will be known on the listing date.
Kwick Forensic Solutions IPO Subscription Status
Kwick Forensic Solutions IPO is scheduled to open for subscription on 27 August 2026 and close on 31 August 2026.
Kwick Forensic Solutions IPO Subscription
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | |
| Non-Institutional Investors (NII) | |
| Retail Individual Investors (RII) | |
| Employee Category | |
| Total Subscription |
Subscription figures are kept blank because the IPO has not yet opened for public bidding. The subscription figures should be updated during the IPO period based on the latest available exchange data.
Kwick Forensic Solutions IPO Review
Kwick Forensic Solutions Limited operates in a specialised segment covering forensic science, physical evidence, cyber and digital forensics, DNA forensics and mobile crime-scene investigation solutions.
The company’s diversified product portfolio provides exposure to several areas of forensic investigation. Its offerings include forensic evidence collection kits, fingerprint solutions, DNA-related products, digital forensic tools, mobile CSI vehicles and evidence-management solutions.
The company also provides rental and maintenance services, creating a combination of product and service-based revenue streams. Its customer base includes government agencies, police departments, forensic laboratories, fingerprint bureaus and other institutions.
Financial performance has shown strong growth. Total income increased from ₹30.26 crore in FY2024 to ₹105.80 crore in FY2026, while PAT increased from ₹2.83 crore to ₹13.51 crore over the same period. EBITDA increased from ₹5.45 crore to ₹19.06 crore.
The company also reported strong FY2026 return ratios, including ROE of 38.98% and ROCE of 44.88%. Its EBITDA margin was 18.03% and PAT margin was 12.78%.
The IPO proceeds are primarily intended to support working-capital requirements. This is relevant because the company’s growth can require additional working capital to support inventory, receivables and operating requirements.
The business operates in a specialised industry with potential opportunities from the increasing use of scientific evidence, digital forensics, DNA analysis and technology-enabled investigations. At the same time, investors should consider procurement cycles, dependence on institutional customers, competition, customer concentration and the absence of long-term customer agreements in certain relationships.
Overall, Kwick Forensic Solutions IPO provides exposure to a specialised forensic technology and law-enforcement solutions business with a growing financial track record. Investors should evaluate the IPO valuation, working-capital requirements and business risks before making an investment decision.
Kwick Forensic Solutions IPO Strengths
- Established presence in the forensic science and law-enforcement solutions industry.
- Diversified portfolio across forensic science, physical evidence, cyber and digital forensics and DNA forensics.
- Mobile CSI vehicle solutions provide an additional specialised business vertical.
- PAN-India business presence.
- Customer relationships across government and law-enforcement institutions.
- Product and service-based business model.
- R&D and technology capabilities.
- Broad range of forensic products and solutions.
- Strong growth in total income during the reported financial years.
- Strong growth in PAT between FY2024 and FY2026.
- Healthy reported ROE and ROCE.
- Presence in a specialised and technology-driven industry.
Kwick Forensic Solutions IPO Risk Factors
- The company operates in a specialised and competitive industry.
- A significant portion of business may depend on government and institutional procurement.
- Government procurement processes can involve longer sales cycles and payment periods.
- Working-capital requirements may increase as the business expands.
- The company may depend on OEMs and third-party technology providers for certain products.
- Customer relationships may not always be supported by long-term contractual commitments.
- Changes in technology can affect demand for existing forensic products.
- The company operates in a market requiring specialised technical knowledge and regulatory compliance.
- Competition from domestic and international suppliers could affect margins and market share.
- SME-listed shares may have lower liquidity compared with mainboard companies.
Kwick Forensic Solutions IPO Promoters
The promoters of Kwick Forensic Solutions Limited are Shammer Saralal Shah, Sejal Shammer Shah and Tulsidas Hinduja Ashok Kumar. The promoters held approximately 88.53% of the company’s pre-issue share capital.
Kwick Forensic Solutions IPO Promoters Details
| Promoter | Designation |
|---|---|
| Shammer Saralal Shah | Managing Director |
| Sejal Shammer Shah | Promoter |
| Tulsidas Hinduja Ashok Kumar | Promoter |
The promoters have been associated with the company and its business operations. Shammer Saralal Shah is identified as the founder and Managing Director of the company.
Kwick Forensic Solutions IPO Management Team
| Name | Designation |
|---|---|
| Shammer Saralal Shah | Managing Director |
| Sejal Shammer Shah | Promoter |
| Tulsidas Hinduja Ashok Kumar | Promoter |
The management team is involved in overseeing the company’s forensic solutions business, operations, customer relationships and strategic development.
Kwick Forensic Solutions IPO Registrar Details
The registrar is responsible for processing IPO applications, finalising the basis of allotment, processing refunds, crediting shares to successful applicants and handling investor-related services.
| Particular | Details |
|---|---|
| Registrar Name | Bigshare Services Private Limited |
| Website | https://ipo.bigshareonline.com/IPO_Status.html |
| IPO Allotment Status | https://ipo.bigshareonline.com/IPO_Status.html |
| Email ID | [email protected] |
| Contact Number | +91 8657578989 / 8069219065 / 8069219060 |
Bigshare Services Private Limited is the registrar to the Kwick Forensic Solutions IPO.
Kwick Forensic Solutions IPO Lead Manager Details
Corporate Capital Ventures Private Limited is the Book Running Lead Manager for the Kwick Forensic Solutions IPO.
| Particular | Details |
|---|---|
| Lead Manager | Corporate Capital Ventures Private Limited |
| Role | Book Running Lead Manager |
Kwick Forensic Solutions Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Kwick Forensic Solutions Limited |
| Registered Office | New No. 12, Old No. 11, East Park Road, Shenoy Nagar, Chennai, Tamil Nadu – 600030 |
| Website | https://kwickforensic.com/ |
| Email ID | [email protected] / [email protected] |
| Contact Number | 8807110249 |
The company’s registered office is located in Shenoy Nagar, Chennai, Tamil Nadu. The company also has a branch office in Chennai used for its R&D division, demonstration centre and proof-of-concept private forensic laboratory.
How to Check Kwick Forensic Solutions IPO Allotment Status
Investors can check the Kwick Forensic Solutions IPO allotment status after the basis of allotment is finalised through the registrar’s IPO allotment facility.
Through Bigshare Services Private Limited
- Visit the official Bigshare IPO allotment facility.
- Select Kwick Forensic Solutions IPO from the available IPO list.
- Choose PAN Number, Application Number or DP/Client ID.
- Enter the required details.
- Submit the information to view the allotment status.
The basis of allotment is scheduled for 1 September 2026, while refunds and credit of shares to demat accounts are scheduled for 2 September 2026. The proposed listing date is 3 September 2026.
Kwick Forensic Solutions IPO Conclusion
Kwick Forensic Solutions IPO provides investors with an opportunity to invest in a specialised company operating in the forensic science and law-enforcement solutions industry.
The company offers products and services across forensic science, physical evidence, cyber and digital forensics, DNA forensics and mobile CSI solutions. It also provides rental, maintenance and supporting services.
The company’s financial performance has improved significantly during the reported financial years. Total income increased from ₹30.26 crore in FY2024 to ₹105.80 crore in FY2026, while PAT increased from ₹2.83 crore to ₹13.51 crore. EBITDA also increased from ₹5.45 crore to ₹19.06 crore during the same period.
The company intends to use the IPO proceeds primarily for working-capital requirements and general corporate purposes. The specialised nature of its business and exposure to forensic and law-enforcement technology provide potential growth opportunities.
However, investors should consider the company’s dependence on institutional and government customers, working-capital requirements, competition, procurement cycles, technology changes and customer-related risks before investing.
A detailed assessment of the IPO valuation, financial performance, business model, industry outlook and risk factors can help investors determine whether Kwick Forensic Solutions IPO is suitable for their investment objectives.
Kwick Forensic Solutions IPO FAQs
What is Kwick Forensic Solutions IPO?
Kwick Forensic Solutions IPO is a Book Built SME public issue of Kwick Forensic Solutions Limited, a company providing forensic science, digital forensics, DNA forensics and law-enforcement solutions.
What is the Kwick Forensic Solutions IPO Price?
The Kwick Forensic Solutions IPO price band is ₹85 to ₹90 per equity share.
What is the Kwick Forensic Solutions IPO Issue Size?
The total issue size is approximately ₹50.77 crore, comprising 45,61,600 fresh equity shares and 10,80,000 equity shares offered through an Offer for Sale.
When will Kwick Forensic Solutions IPO open and close?
The IPO is scheduled to open on 27 August 2026 and close on 31 August 2026.
What is the Kwick Forensic Solutions IPO Lot Size?
The Kwick Forensic Solutions IPO lot size is 1,600 equity shares. Individual investors need to apply for a minimum of 2 lots, or 3,200 shares.
What is the minimum investment in Kwick Forensic Solutions IPO?
At the upper price band of ₹90 per share, the minimum application of 3,200 shares requires ₹2,88,000.
What is the Kwick Forensic Solutions IPO GMP?
The Kwick Forensic Solutions IPO GMP is currently left blank because a verified grey-market premium is not available.
When is the Kwick Forensic Solutions IPO Allotment Date?
The Kwick Forensic Solutions IPO basis of allotment is scheduled for 1 September 2026.
What is the Kwick Forensic Solutions IPO Listing Date?
Kwick Forensic Solutions shares are scheduled to be listed on the BSE SME platform on 3 September 2026.
Who is the registrar for Kwick Forensic Solutions IPO?
Bigshare Services Private Limited is the registrar to the Kwick Forensic Solutions IPO.
