Kratikal Tech IPO GMP today is Rs 78. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
KRATIKAL
Kratikal Tech
Kratikal Tech Limited is a cybersecurity company that provides AI-driven Software-as-a-Service (SaaS) solutions, along with cybersecurity and regulatory compliance services. The company operates through two integrated business lines. Its People Security Management offerings under the Threatcop brand focus on reducing human-related cyber risks through products such as security awareness training, phishing simulations, learning management systems, email authentication and incident response tools. Its Technology and Process Security Services under the Kratikal brand include vulnerability assessment and penetration testing (VAPT), application and infrastructure security, red-team exercises, and governance, risk and compliance (GRC) services, supported by its AI-driven VMDR platform and AutoSecT solution. The company generates revenue from its cybersecurity products and services and serves clients across sectors including BFSI, fintech, telecom, IT/ITES, healthcare, pharmaceuticals, e-commerce, and manufacturing in India and overseas markets.
IPO Details
Complete IPO information
| Current GMP | ₹78 |
|---|---|
| Estimated Listing Gain | +57.78% |
| Price Band | ₹128.00 - ₹135.00 |
| Issue Price | ₹135.00 |
| Listing Price | TBA |
| Lot Size | 1,000 Shares |
| Issue Type | SME |
| Issue Size | Approx ₹39.69 Cr |
| Registrar | TBA |
| Exchange | BSE SME |
| Retail Quota | TBA |
| Overall Subscription | 205.08x |
| Listing Date | 07 Jul 2026 |
| Minimum Investment | ₹2,70,000 |
Timeline
IPO roadmap at a glance
01
Bidding Opens
30 Jun 2026
02
Bidding Closes
02 Jul 2026
03
Allotment
03 Jul 2026
04
Listing
07 Jul 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 7 July | ₹78 | +₹3.00 | 57.78% |
| 6 July | ₹75 | +₹38.00 | 55.56% |
| 4 July | ₹37 | +₹3.00 | 27.41% |
| 3 July | ₹34 | - | 22.82% |
| 2 July | ₹34 | -₹7.00 | 22.82% |
| 1 July | ₹41 | +₹11.00 | 30.37% |
| 30 June | ₹30 | +₹13.00 | 20.13% |
| 29 June | ₹17 | - | 12.59% |
| 27 June | ₹17 | +₹2.00 | 12.59% |
| 26 June | ₹15 | - | 11.11% |
| 25 June | ₹15 | +₹1.00 | 11.11% |
| 24 June | ₹14 | - | 10.37% |
| 23 June | ₹14 | - | 10.37% |
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 2,000 | ₹2,70,000 |
| Retail Maximum | 2 Lot | 2,000 | ₹2,70,000 |
| S-HNI Minimum | 3 Lot | 3,000 | ₹4,05,000 |
| S-HNI Maximum | 7 Lot | 7,000 | ₹9,45,000 |
| B-HNI Minimum | 8 Lot | 8,000 | ₹10,80,000 |
Issue Notes
Important takeaways before applying
Strengths
- Offers a complete people security management platform through its proprietary Threatcop suite.
- Provides AI-driven cybersecurity solutions through its Threatcop and AutoSecT platforms.
- Delivers integrated cybersecurity coverage across people, process and technology layers.
- Is empanelled by CERT-In as an Information Security Auditing Organisation.
- Has experienced management and technical teams supporting its operations.
Risks
- Intense competition may reduce pricing power, profitability and customer retention.
- A large share of revenue is generated in the last quarter, creating earnings volatility.
- Failure to maintain required certifications and approvals could affect business operations and contracts.
- Potential conflicts of interest may arise due to overlapping activities with subsidiaries and group companies.
- Equity shares were issued at lower prices in the past year, which may affect investor perception.
Analysis
Kratikal Tech IPO Details
Kratikal Tech Limited is launching its Initial Public Offering (IPO) through the book-building process to raise funds for business expansion, strengthening operational capabilities, and supporting future growth initiatives. The company operates in the cybersecurity and technology solutions segment and aims to enhance its market presence through this public issue.
The IPO consists entirely of a fresh issue of equity shares, meaning the proceeds raised from the offering will be directly utilized by the company for its strategic and operational objectives. Following the successful completion of the issue, the equity shares of Kratikal Tech Limited are proposed to be listed on the BSE SME platform.
| Particular | Details |
|---|---|
| Kratikal Tech IPO Open Date | June 30, 2026 |
| Kratikal Tech IPO Close Date | July 2, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹128 to ₹135 Per Share |
| Issue Size | Approx ₹40 Crores |
| Fresh Issue | Approx ₹40 Crores |
| Issue Type | Bookbuilding Issue |
| IPO Listing | BSE SME |
Analysis
Kratikal Tech IPO Reservation
Kratikal Tech Limited has allocated shares across different investor categories in accordance with the applicable SME IPO regulations. The reservation structure aims to ensure balanced participation from institutional investors, non-institutional investors, and retail investors in the public issue.
The IPO includes a dedicated allocation for Anchor Investors and Qualified Institutional Buyers (QIBs), while a significant portion of the issue has also been reserved for Retail Individual Investors (RIIs) and Non-Institutional Investors (NIIs). The final allotment will depend on subscription demand and regulatory guidelines.
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | 8,31,000 Shares | 28.27% |
| QIB (Ex. Anchor) | 5,58,000 Shares | 18.98% |
| NII Shares Offered | 4,23,000 Shares | 14.39% |
| Retail Shares Offered | 9,78,000 Shares | 33.27% |
Analysis
Kratikal Tech IPO Anchor Investors
Kratikal Tech Limited has reserved a portion of its IPO for Anchor Investors as part of the book-building process. Anchor investors generally include institutional investors such as mutual funds, insurance companies, and foreign portfolio investors who participate in the issue before it opens for public subscription.
The anchor investor portion is intended to provide confidence in the offering and improve market participation. Shares allotted to anchor investors are subject to mandatory lock-in requirements as prescribed under applicable SEBI regulations.
| Particular | Details |
|---|---|
| Anchor Bidding Date | June 29, 2026 |
| Anchor Investors List | |
| Shares Offered | 8,31,000 Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date for 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date for Remaining 50% Shares (90 Days) | 2026 |
Note: The anchor investor list and final anchor issue size will be updated after completion of the anchor allocation process and official disclosures by the company and lead managers.
Analysis
Kratikal Tech IPO Dates
The Kratikal Tech IPO is scheduled to open for subscription on June 30, 2026, and will remain open for bidding until July 2, 2026. Investors can apply for the IPO through ASBA-supported applications and UPI-enabled platforms offered by registered brokers and banks during the subscription period.
The basis of allotment for the IPO is expected to be finalized on July 3, 2026. Refunds for unsuccessful applicants and the credit of allotted shares to investors' demat accounts are scheduled for July 6, 2026, while the shares of Kratikal Tech Limited are proposed to be listed on the BSE SME platform on July 7, 2026.
| Event | Date |
|---|---|
| IPO Open Date | June 30, 2026 |
| IPO Close Date | July 2, 2026 |
| Basis of Allotment | July 3, 2026 |
| Refunds | July 6, 2026 |
| Credit to Demat Account | July 6, 2026 |
| IPO Listing Date | July 7, 2026 |
| IPO Bidding Cut-off Time | July 2, 2026 – 5 PM |
Analysis
Kratikal Tech IPO Promoters and Holding Pattern
The promoters of Kratikal Tech Limited are Mr. Pavan Kumar, Mr. Paratosh Kumar, and Mr. Dip Jung Thapa. The promoters have played a key role in establishing and expanding the company's presence in the cybersecurity and technology solutions sector through their industry expertise and strategic leadership.
Prior to the public issue, the promoters collectively held a significant majority stake in the company. Following the completion of the IPO, promoter shareholding is expected to dilute due to the fresh issue of equity shares, while the promoters are expected to continue maintaining management control and guiding the company's long-term growth strategy.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 81,60,545 | 72.58% |
| Promoter Holding Post Issue | 1,11,00,545 | 53.36% |
Analysis
Kratikal Tech IPO Objects of the Issue & Utilisation of Proceeds
Kratikal Tech Limited intends to utilize the proceeds raised from the IPO to accelerate business expansion, strengthen its global presence, and invest in technology-driven growth initiatives. The company plans to deploy a significant portion of the funds towards supporting its overseas subsidiaries and enhancing its sales and marketing capabilities.
In addition to expanding its international operations, the company also plans to invest in product development initiatives to strengthen its cybersecurity offerings and technological capabilities. The remaining funds from the issue will be utilized for general corporate purposes and other strategic business requirements.
| Purpose | Amount (Crores) |
|---|---|
| Investment in Threatcop FZ LLC, UAE and Threatcop AI Inc, USA (our subsidiaries) for expenditure towards sales & marketing activities and development of workforce resources | ₹23.08 |
| Investment in Product Development | ₹9.23 |
| General Corporate Purpose | ₹- |
Analysis
Kratikal Tech - About IPO
Kratikal Tech is one of the growing cybersecurity solutions companies that offers AI-driven, SaaS-based security solutions and integrated cybersecurity services. Kratikal Tech focuses on reducing cybersecurity risk by incorporating its proprietary cybersecurity platforms and service-driven solutions across people, process, and technology.
The firm helps businesses with its two segments: 1) People Security Management, which includes protecting businesses from cyber risks caused by human error, such as phishing, social engineering, and credential theft. 2) Technology and Process Security Services, which include protecting the organization’s IT systems and security processes with Vulnerability Assessment and Penetration Testing (VAPT), Governance, Risk and Compliance (GRC), and AI-driven Vulnerability Management. Its product range caters to a wide range of clients across BFSI, fintech, telecom, IT/ITES, healthcare, and manufacturing sectors, both domestic and international markets.
Analysis
Kratikal Tech IPO Company Financial Report
Kratikal Tech Limited has demonstrated strong financial growth over recent financial years, driven by increasing demand for cybersecurity solutions, managed security services, and technology-driven risk management offerings. The company has reported significant growth in revenue, profitability, and total assets, reflecting its expanding business operations and growing market presence.
The financial performance highlights the company's ability to scale operations while maintaining healthy profit margins and operational efficiency. Consistent improvement in Profit After Tax (PAT) and asset growth indicates strengthening fundamentals and supports the company's long-term expansion strategy.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹13.28 | ₹9.36 | ₹3.20 | ₹9.05 |
| 2025 | ₹21.15 | ₹15.65 | ₹4.23 | ₹15.58 |
| 2026 | ₹36.86 | ₹28.48 | ₹6.14 | ₹30.12 |
Amount in ₹ Crores. The financial figures presented above are based on the company's reported financial statements and are intended for informational and analytical purposes for prospective investors.
Analysis
Kratikal Tech IPO Valuation – FY2026
Investors generally evaluate an IPO using important valuation metrics such as Return on Equity (ROE), Return on Capital Employed (ROCE), Earnings Per Share (EPS), Return on Net Worth (RoNW), and Net Asset Value (NAV). These indicators provide valuable insights into the company's profitability, financial efficiency, and long-term growth potential.
Kratikal Tech Limited has reported strong profitability and healthy operational margins during FY2026, supported by growth in its cybersecurity and technology solutions business. The company's improving earnings profile and capital efficiency metrics provide investors with an overview of its financial strength ahead of the public issue.
| KPI | Values |
|---|---|
| ROE | 34.95% |
| ROCE | 34.35% |
| EBITDA Margin | 24.73% |
| PAT Margin | 16.73% |
| Debt to Equity Ratio | – |
| Earning Per Share (EPS) | ₹7.86 (Basic) |
| Price/Earning (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 25.57% |
| Net Asset Value (NAV) | ₹29.43 |
FY2026 Financial Metrics: The valuation figures above are based on the latest available financial information of the company and are widely used by investors to assess IPO pricing, profitability, and overall financial health before investing.
Analysis
Kratikal Tech IPO Peer Group Comparison
Comparing Kratikal Tech Limited with listed cybersecurity and technology service companies helps investors evaluate the company's valuation, profitability, and financial strength relative to established players in the sector. Metrics such as Earnings Per Share (EPS), Price to Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) provide valuable insights for investment analysis.
Peer group comparison allows investors to understand the company's competitive positioning and assess whether the IPO valuation appears attractive when benchmarked against similar listed companies operating in the cybersecurity and digital risk management industry.
| Company | EPS | P/E Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| AAA Technologies Limited | 1.61 | 55.38 | 6.66% | 24.14 | ₹20.38 Cr. |
| Accedere Limited | 1.37 | 44.04 | 12.51% | 10.98 | ₹4.15 Cr. |
Note: Peer comparison data is based on publicly available financial information of listed companies and is intended solely for comparative analysis purposes. Investors should evaluate additional qualitative and quantitative factors before making investment decisions.
Analysis
IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt. Ltd.
FAQ
Kratikal Tech IPO FAQs
Kratikal Tech IPO price band is Rs 128.00 to Rs 135.00. Check the latest issue price, lot size and GMP together before applying.
Kratikal Tech IPO open date is 30 Jun 2026, close date is 02 Jul 2026, and listing date is 07 Jul 2026.
Kratikal Tech IPO lot size is 1,000 shares. The minimum retail investment is Rs 2,70,000.
Kratikal Tech is classified as a SME. This helps investors quickly understand the issue category and exchange segment.
Kratikal Tech IPO subscription status currently shows Retail 218.48x, QIB 145.82x, Overall 205.08x.
Kratikal Tech Limited is a cybersecurity company that provides AI-driven Software-as-a-Service (SaaS) solutions, along with cybersecurity and regulatory compliance services. The company operates through two integrated business lines. Its People Security Management offerings under the Threatcop brand focus on reducing human-related cyber risks through products such as security awareness training, phishing simulations, learning management systems, email authentication and incident response tools. Its Technology and Process Security Services under the Kratikal brand include vulnerability assessment and penetration testing (VAPT), application and infrastructure security, red-team exercises, and governance, risk and compliance (GRC) services, supported by its AI-driven VMDR platform and AutoSecT solution. The company generates revenue from its cybersecurity products and services and serves clients across sectors including BFSI, fintech, telecom, IT/ITES, healthcare, pharmaceuticals, e-commerce, and manufacturing in India and overseas markets.
Kratikal Tech IPO issue size is 39.69 and the expected allotment date is 03 Jul 2026.