Kwick Forensic Solutions IPO
Listed +66.7%27–31 Aug 2026
Share: WhatsApp ·
Our IPO analysis
The five questions
-
1How it makes money₹37 of every ₹100 of sales comes from its "Forensic Science & Physical Evidence Solutions" segment. ₹41 of every ₹100 comes from Gujarat and Maharashtra.
-
2Is it growing, and is profit turning into cash?Sales grew 3.5x from 2023-24 to 2025-26 (₹30.2 cr → ₹106 cr).
-
3How much cushion does it have?We haven't read this part of the document yet.
-
4What you pay, and who gets the moneyOf every ₹100 raised, ₹19 goes to existing shareholders selling. At ₹90 you pay about ₹11 for every ₹1 of last year's profit.
-
5Who controls it, and what is on record?Promoters own 78% before the IPO. The document discloses 3 legal matters.
From the draft document. The final prospectus may change it.
Never miss an IPO like this
One free email when each IPO opens: subscription, GMP and the DRHP breakdown.
Latest update:
Listed at ₹150 vs ₹90 issue price (+66.7%) · Day-one close ₹158 · GMP before listing +72.2% implied, 5.5 pp above the actual open · Subscribed 144.11× (QIB 224.3× · NII 318.9× · Retail 313.2×) · Price band ₹85–₹90 · Closed 31 Aug 2026 · Listed 3 Sep 2026 (Confirmed)
How it actually listed
₹150 on open, against a ₹90 issue price +66.7%
It ended its first day at ₹158 (+75.0% against the issue price), per the BSE's price archive.
Before it listed, the grey market implied +72.2%. The shares opened 5.5 pp below what that implied. It pointed the right way on whether they would open above the issue price. GMP is unregulated and self-reported.
What Kwick Forensic Solutions does
Kwick Forensic Solutions Limited provides end-to-end products, solutions, tools and technologies for forensic sciences, fingerprint science, cyber/digital forensics, social-media analytics and big-data analytics, with a focus on Total Evidence Management and Law-Enforcement solutions across India.
Kwick Forensic Solutions financials
Rs crore · Annual| 2023-24 | 2024-25 | 2025-26 | ||
|---|---|---|---|---|
| Sales | 30 | 65 | 106 | |
| Operating Profit | — | — | — | |
| OPM % | — | — | — | |
| Net Profit | — | — | — | |
| Total Debt | 3 | 3 | 0 |
Kwick Forensic Solutions IPO offer structure
Total: ₹51 cr. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
Size and split come from a public aggregator rather than the exchange, cross-checked against a second.
Use of proceeds- Funding the Working Capital requirement of our Company: ₹31 cr
Kwick Forensic Solutions promoters and holding
- Mr. Shammer Saralal Shah: Founder & Managing Director
- Mrs. Sejal Shammer Shah: Non-Executive Director
- Mr. Tulsidas Hinduja Ashok Kumar: Chief Operating Officer
Kwick Forensic Solutions risks and strengths
- Our products and services are significantly concentrated in specific geographic markets, primarily Bihar and Gujarat. (p.23)
- We do not have firm, long-term supply agreements with most customers and primarily rely on purchase orders. (p.23)
- We derive a majority of our revenue from Sales of Goods and Sales of Services. (p.24)
Kwick Forensic Solutions market and competition
The Company operates in a specialized segment where there are no competitors in a listed space with a similar end-to-end offering.
Kwick Forensic Solutions outlook, as the document states it
The Company is focused on scaling forensic capabilities in line with government priorities, modernizing and digitizing digital evidence collection and preservation under the new BNSS laws, and developing in-house evidence collection equipment and software solutions.
Kwick Forensic Solutions IPO: common questions
When does the Kwick Forensic Solutions IPO open and close?
The Kwick Forensic Solutions IPO is open from 27 Aug 2026 to 31 Aug 2026.
What is the Kwick Forensic Solutions IPO price band?
The price band is ₹85–₹90 per share.
What is the lot size and minimum investment for the Kwick Forensic Solutions IPO?
One lot is 1600 shares, and a retail application must be at least one lot. That is about ₹2,88,000 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category.
How much is the Kwick Forensic Solutions IPO subscribed?
As of 10 Oct 2026 the total subscription is 144.11×.
When does the Kwick Forensic Solutions IPO list?
The listing date is 3 Sep 2026.
How do I check the Kwick Forensic Solutions IPO allotment status?
On the allotment status page published by Bigshare Services, this issue's registrar, and on the exchange's basis of allotment. Those are the primary sources. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. We do not hold allotment data and cannot look yours up. How allotment is actually decided →
Kwick Forensic Solutions IPO allotment status
Listed 3 Sep 2026. Allotment is decided and published by the registrar, not by us. This issue's registrar is Bigshare Services.
Check your allotment on the registrar's own page ↗
We do not hold allotment data and cannot look yours up. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. How allotment is actually decided →