Kwick Forensic Solutions

Kwick Forensic Solutions

OPEN

IPO Date: 27 Aug - 31 Aug 2026

Listing Date: 3 Sept 2026

Price Range

Rs.85 - Rs.90

Issue Size

51 Cr

Min Investment

1,36,000

Lot Size

1600 Shares

Schedule of Kwick Forensic Solutions

Issue open date

27 Aug 2026

Issue close date

31 Aug 2026

UPI mandate deadline

31 Aug 2026 (5 PM)

Allotment finalization

1 Sept 2026

Share credit

2 Sept 2026

Listing date

3 Sept 2026

Mandate end date

15 Sept 2026

Issue size

Funds Raised in the IPOAmount
Overall51 Cr
Fresh Issue41.05 Cr
Offer for Sale9.72 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date1 Sept 2026
Allotment Link{Link}

Grey Market PremiumNew

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIpo PriceGMPEstimated Listing Price
30 Aug 20269070160 (77.78%)
29 Aug 20269070160 (77.78%)
28 Aug 20269064154 (71.11%)
26 Aug 20269064154 (71.11%)
25 Aug 20269064154 (71.11%)
24 Aug 20269064154 (71.11%)
23 Aug 20269061151 (67.78%)
22 Aug 20269051141 (56.67%)
21 Aug 202690090 (0%)
20 Aug 202690090 (0%)
19 Aug 202690090 (0%)
18 Aug 202690090 (0%)

Performance Kwick Forensic Solutions

Issue PriceListing GainCurrent Market PriceP/L
Rs.85 - Rs.90............

About Kwick Forensic Solutions

Kwick Forensic Solutions is a provider of products, solutions, and technologies for forensic sciences, fingerprint science, cyber and digital forensics, DNA forensics, social media analytics and big data analytics, primarily for law enforcement and forensic investigation applications. The company supplies forensic science and physical evidence solutions, including fingerprint and evidence collection kits, handheld forensic devices and laboratory equipment, mobile crime scene investigation vehicles, cyber and digital forensic tools, and DNA forensic solutions. The company also provides forensic equipment on a rental or sublease basis, including handheld liquor-detection scanners and other detection, scanning, and imaging systems, along with manpower support where required. Its customers include police stations, central and state forensic laboratories, fingerprint bureaus, crime investigation departments, police training academies, and universities offering forensic science courses. The company procures forensic products through a combination of domestic sourcing and imports, while certain forensic kits and handheld devices are assembled or developed in-house. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale.​ Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be used for the following purposes:​ Funding the working capital requirement of our company — Rs 31.42 crore General corporate purposes

Founded in2005
Managing directorMr Shammer Saralal Shah
Parent organization

Financial Overview

Strengths

  • Established tie-ups and strategic relationships with global leaders.
  • Strong focus on quality assurance and holds multiple international certifications.
  • Operates in niche market segments with high entry barriers.
  • Business strategies are aligned with key government priorities and modernization initiatives.
  • Experienced in in-house development of evidence collection equipment.

Risks

  • Significant revenue concentration from a few states, particularly Bihar and Gujarat.
  • Lack of long-term agreements with a majority of customers.
  • Heavy reliance on government entities for a substantial portion of revenue.
  • Dependence on a limited number of suppliers for raw materials.
  • Negative cash flows were experienced in past financial years.

Subscription Figures

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)N/A
Non-Institutional Investors (NIIs)11.88
Retail Individual Investors (RIIs)36.23
EmployeeN/A
Total20.67