Kwick Forensic Solutions 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
KWICK
Kwick Forensic Solutions IPO GMP, Subscription & Allotment Status Today
Kwick Forensic Solutions provides end-to-end forensic products, solutions, and technologies focused on evidence management for law enforcement across India. The company’s business is segmented into Sales of Goods and Sales of Services. The Sales of Goods division includes Forensic Science & Physical Evidence Solutions, Mobile Crime Scene Investigation (CSI) Vehicles, Cyber & Digital Forensics, and DNA Forensics. Revenue is generated through the supply of a wide range of products, from fingerprint kits and evidence collection tools to fully equipped mobile forensic labs and advanced software for digital and DNA analysis. The Sales of Services segment primarily generates revenue from the rental or subleasing of specialized forensic equipment, such as handheld scanners for liquor detection, bundled with manpower support. The company serves government clients like police departments and forensic laboratories, acquiring them mainly through the Government e-Marketplace (GeM) and other e-procurement portals.
- Price Band
- ₹85.00 - ₹90.00
- Lot Size
- 1,600 Shares
- Bidding Closes
- 31 Aug 2026
- Listing Date
- 03 Sept 2026
Current GMP Status
₹78
+86.67% vs upper band
Est. Listing Gain
+0.00%
Last Trend
02 Sept 2026
Listing Price
₹90.00
Retail Entry
₹2,88,000
IPO Details
Complete IPO information
| Current GMP | ₹78 |
|---|---|
| Estimated Listing Gain | +0.00% |
| Price Band | ₹85.00 - ₹90.00 |
| Issue Price | Approx ₹90.00 Crores |
| Listing Price | ₹90.00 |
| Lot Size | 1,600 Shares |
| Issue Type | SME |
| Registrar | TBA |
| Exchange | BSE SME |
| Retail Quota | TBA |
| Overall Subscription | 268.66x |
| Listing Date | 03 Sept 2026 |
| Minimum Investment | ₹2,88,000 |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 10.70 | 2401.10 | 224.32x |
| NII | 10.90 | 2571.30 | 235.99x |
| Retail | 18.78 | 5877.25 | 312.89x |
| Overall Subscription | 40.38 | 10849.65 | 268.66x |
Head-to-head
Compare Kwick Forensic Solutions IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Kwick Forensic Solutions is priced at ₹90 per share. With a minimum lot size of 1,600 shares, a retail investor applying for one lot would need approximately ₹2,88,000 to participate in this SME issue.
The latest recorded Grey Market Premium for Kwick Forensic Solutions stands at ₹78, implying an estimated listing gain of around 86.67% over the issue price if it holds until listing. This is down ₹10 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Kwick Forensic Solutions's IPO was subscribed 268.66x overall, with a category-wise breakdown of Retail 312.89x, QIB 224.32x, NII 235.99x.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
27 Aug 2026
✓
Bidding Closes
31 Aug 2026
✓
Allotment
01 Sept 2026
✓
Listing
03 Sept 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 02 Sept 2026 | ₹75.00 | -₹10.00 | 83.33% |
| 01 Sept 2026 | ₹85.00 | +₹15.00 | 94.44% |
| 31 Aug 2026 | ₹70.00 | +₹6.00 | 77.78% |
| 28 Aug 2026 | ₹64.00 | - | 71.11% |
| 27 Aug 2026 | ₹64.00 | - | 71.11% |
| 26 Aug 2026 | ₹64.00 | - | 71.11% |
| 25 Aug 2026 | ₹64.00 | +₹3.00 | 71.11% |
| 24 Aug 2026 | ₹61.00 | +₹61.00 | 67.78% |
| 19 Aug 2026 | ₹0.00 | - | NaN% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 3,200 | ₹2,88,000 |
| Retail Maximum | 2 Lot | 3,200 | ₹2,88,000 |
| S-HNI Minimum | 3 Lot | 4,800 | ₹4,32,000 |
| S-HNI Maximum | 6 Lot | 9,600 | ₹8,64,000 |
| B-HNI Minimum | 7 Lot | 11,200 | ₹10,08,000 |
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Fund Utilization
Objects of the Issue & Official Documents
Analysis
Kwick Forensic Solutions IPO Details
The Kwick Forensic Solutions IPO is a BSE SME book-built issue. The offer comprises a fresh issue of 45,60,000 equity shares along with an Offer for Sale (OFS) of up to 10,80,000 equity shares. The total public offer therefore comprises up to 56,40,000 equity shares.
The IPO is scheduled to open for subscription on August 27, 2026 and close on August 31, 2026. The face value is ₹10 per equity share. The final price band and corresponding issue size are currently awaited and can be updated after the company announces the pricing details.
| Particular | Details |
|---|---|
| IPO Open Date | August 27, 2026 |
| IPO Close Date | August 31, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹[.] to ₹[.] Per Share |
| Issue Size | Approx ₹[.] Crores |
| Fresh Issue | 45,60,000 Equity Shares / Approx ₹[.] Crores |
| Offer for Sale | Approx 10,80,000 Equity Shares |
| Total Offer | 56,40,000 Equity Shares |
| Issue Type | Book-build Issue |
| IPO Listing | BSE SME |
Note: Kwick Forensic Solutions provides forensic science and investigation solutions, including crime-scene investigation products, forensic evidence collection systems, mobile CSI units, fingerprint solutions, digital forensics and forensic laboratory modernization. The price band and final issue amount should be updated once officially announced.
Analysis
Kwick Forensic Solutions IPO Reservation
The Kwick Forensic Solutions IPO reservation is divided among Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors and the anchor investor portion, where applicable.
As per the provided category-wise allocation, 50% of the issue is allocated to Qualified Institutional Buyers, excluding the anchor investor portion. Non-Institutional Investors are allocated 15%, while 35% of the issue is reserved for Retail Individual Investors.
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Note: The exact number of shares allocated to each investor category is currently unavailable in the provided data. The table reflects the available percentage-wise reservation and can be updated once the final category-wise share allocation is announced.
Analysis
Kwick Forensic Solutions IPO Anchor Investors
The Kwick Forensic Solutions IPO anchor bidding is scheduled for August 25, 2026. The final list of anchor investors, number of shares allocated and total anchor investment amount are currently awaited.
As per the provided IPO schedule, 50% of the anchor shares will complete their applicable lock-in period on October 1, 2026, while the remaining 50% of anchor shares will complete their lock-in period on November 30, 2026.
| Particular | Details |
|---|---|
| Anchor Bidding Date | August 25, 2026 |
| Anchor Investors List | – |
| Shares Offered | – Shares |
| Anchor Size | – Cr. |
| Lock-in Period End Date – 50% Shares (30 Days) | October 1, 2026 |
| Lock-in Period End Date – Remaining 50% Shares (90 Days) | November 30, 2026 |
Note: The anchor investor names, shares offered and anchor issue size have not yet been provided. These details should be updated after the final anchor allocation is announced.
Analysis
Kwick Forensic Solutions IPO Dates
The Kwick Forensic Solutions IPO will open for subscription on August 27, 2026 and close on August 31, 2026. Investors can submit their IPO applications during this subscription period.
The Kwick Forensic Solutions IPO allotment is expected to be finalized on September 1, 2026. Refunds for unsuccessful applicants and credit of shares to successful investors' demat accounts are scheduled for September 2, 2026. The shares are scheduled to list on the BSE SME platform on September 3, 2026.
| IPO Event | Date |
|---|---|
| IPO Open Date | August 27, 2026 |
| IPO Close Date | August 31, 2026 |
| Basis of Allotment | September 1, 2026 |
| Refunds | September 2, 2026 |
| Credit to Demat Account | September 2, 2026 |
| IPO Listing Date | September 3, 2026 |
Note: The above table summarizes the Kwick Forensic Solutions IPO timeline, including the opening date, closing date, basis of allotment, refund initiation, demat credit and proposed BSE SME listing date.
Analysis
Kwick Forensic Solutions IPO Promoters and Holding Pattern
The promoters of Kwick Forensic Solutions are Shammer Saralal Shah, Sejal Shammer Shah and Tulsidas Hinduja Ashok Kumar. Before the IPO, the promoter and promoter group collectively hold 1,49,38,624 equity shares, representing approximately 88.53% of the company's pre-issue share capital.
Other shareholders hold 19,36,216 equity shares, accounting for approximately 11.47% of the pre-IPO share capital. The company's total outstanding equity shares are expected to increase from 1,68,74,840 shares before the IPO to 2,14,34,840 shares after completion of the fresh issue.
Promoters of Kwick Forensic Solutions
- Shammer Saralal Shah
- Sejal Shammer Shah
- Tulsidas Hinduja Ashok Kumar
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 1,49,38,624 | 88.53% | – | -% |
| Others* | 19,36,216 | 11.47% | – | -% |
| Total | 1,68,74,840 | 100% | 2,14,34,840 | 100% |
Note: The post-IPO promoter and public shareholding percentages are not available in the provided data. The total equity share capital is expected to increase to 2,14,34,840 shares after completion of the fresh issue.
Analysis
Kwick Forensic Solutions IPO Objects of the Issue & Utilisation of Proceeds
Kwick Forensic Solutions proposes to utilise a major portion of the IPO proceeds towards meeting the company's working capital requirements. The additional working capital is expected to support the company's ongoing business operations and future operational requirements.
As per the provided details, approximately ₹48.00 crores from the IPO proceeds are proposed to be utilised towards funding the company's working capital requirements. The remaining proceeds may be utilised for other purposes as specified in the final offer documents.
| Purpose | Amount |
|---|---|
| Funding the Working Capital Requirement of the Company | ₹48.00 Cr. |
| Other Purposes | ₹- |
Note: The company has identified ₹48.00 crores towards its working capital requirements. Details regarding the allocation of any remaining net proceeds should be updated once the final IPO offer document provides the complete utilisation structure.
Analysis
Kwick Forensic Solutions About Ipo
To be updated soon
Analysis
Kwick Forensic Solutions IPO Company Financial Report
Kwick Forensic Solutions has reported strong growth in revenue and profitability over the last three financial years. Revenue increased from ₹30.26 crores in FY2024 to ₹65.08 crores in FY2025 and further reached ₹105.80 crores in FY2026.
Profit After Tax (PAT) also improved substantially during the period. The company's PAT increased from ₹2.83 crores in FY2024 to ₹8.56 crores in FY2025 and further rose to ₹13.51 crores in FY2026. This indicates that the company maintained its earnings momentum alongside revenue expansion.
The company's asset base expanded from ₹19.19 crores in FY2024 to ₹46.79 crores in FY2025 and reached ₹60.53 crores in FY2026, reflecting the growth in the overall scale of its operations.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹30.26 Cr. | ₹26.45 Cr. | ₹2.83 Cr. | ₹19.19 Cr. |
| 2025 | ₹65.08 Cr. | ₹53.86 Cr. | ₹8.56 Cr. | ₹46.79 Cr. |
| 2026 | ₹105.80 Cr. | ₹87.59 Cr. | ₹13.51 Cr. | ₹60.53 Cr. |
Amount in ₹ Crores: From FY2024 to FY2026, Kwick Forensic Solutions' revenue increased by approximately 249.6%, while PAT increased by approximately 377.4%. The reported figures indicate strong expansion in both business scale and profitability during the period.
Analysis
Kwick Forensic Solutions IPO Valuation – FY2026
The Kwick Forensic Solutions IPO valuation can be assessed using key financial indicators such as Earnings Per Share (EPS), Return on Equity (ROE), Return on Capital Employed (ROCE), EBITDA Margin, PAT Margin, Return on Net Worth (RoNW) and Net Asset Value (NAV).
For FY2026, Kwick Forensic Solutions reported an ROE of 38.98% and ROCE of 44.88%. The company's EBITDA margin stood at 18.03%, while its PAT margin was 12.78%, indicating healthy operating and net profitability based on the provided financial data.
The company's basic Earnings Per Share (EPS) stood at ₹8.00, while Return on Net Worth (RoNW) was 32.62%. The Net Asset Value (NAV) was reported at ₹24.54 per equity share. The debt-to-equity ratio has not been provided.
| KPI | Values |
|---|---|
| ROE | 38.98% |
| ROCE | 44.88% |
| EBITDA Margin | 18.03% |
| PAT Margin | 12.78% |
| Debt to Equity Ratio | – |
| Earning Per Share (EPS) | ₹8.00 (Basic) |
| Price / Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 32.62% |
| Net Asset Value (NAV) | ₹24.54 |
Note: The IPO price band has not yet been provided, so the issue P/E ratio cannot currently be calculated using the FY2026 EPS of ₹8.00. Once the final price band is announced, the P/E can be calculated as IPO Price ÷ ₹8.00.
Analysis
Kwick Forensic Peer Group Comparison
- There is no listed industry peer company.
Analysis
Kwick Forensic IPO Lead Managers aka Merchant Bankers
- Corporate Capital Ventures Pvt. Ltd.
FAQ
Kwick Forensic Solutions IPO FAQs
Kwick Forensic Solutions IPO price band is Rs 85.00 to Rs 90.00. Check the latest issue price, lot size and GMP together before applying.
Kwick Forensic Solutions IPO open date is 27 Aug 2026, close date is 31 Aug 2026, and listing date is 03 Sept 2026.
Kwick Forensic Solutions IPO lot size is 1,600 shares. The minimum retail investment is Rs 2,88,000.
Kwick Forensic Solutions is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Kwick Forensic Solutions IPO subscription status currently shows Retail 312.89x, QIB 224.32x, NII 235.99x, Overall 268.66x.
Kwick Forensic Solutions provides end-to-end forensic products, solutions, and technologies focused on evidence management for law enforcement across India. The company’s business is segmented into Sales of Goods and Sales of Services. The Sales of Goods division includes Forensic Science & Physical Evidence Solutions, Mobile Crime Scene Investigation (CSI) Vehicles, Cyber & Digital Forensics, and DNA Forensics. Revenue is generated through the supply of a wide range of products, from fingerprint kits and evidence collection tools to fully equipped mobile forensic labs and advanced software for digital and DNA analysis. The Sales of Services segment primarily generates revenue from the rental or subleasing of specialized forensic equipment, such as handheld scanners for liquor detection, bundled with manpower support. The company serves government clients like police departments and forensic laboratories, acquiring them mainly through the Government e-Marketplace (GeM) and other e-procurement portals.
Kwick Forensic Solutions IPO issue size is TBA and the expected allotment date is 01 Sept 2026.
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