SME NSE • BSE Financial Services

Kwick Forensic Solutions Ltd IPO

Tech-led NBFC delivering AI/ML driven retail credit across Tier-2 & Tier-3 India.

IPO Closed
Price Band ₹90 per share per share
Lot Size 3200 Shares
Min. Investment ₹288000
Issue Size ₹50.77 Cr
Face Value ₹10
IPO Open 27 August 2026
IPO Close 31 August 2026
Allotment 01 Sep 2026
Listing 03 Sep 2026
Live demand

Subscription status for Kwick Forensic Solutions Ltd IPO

As of 02 Sep 26, 3:42 AM. Will get Updated in every 30 minutes

QIB -

Qualified Institutional Buyers

NII -

Non-Institutional Investors

Retail -

Retail Individual Investors

Total -

Across all investor categories

Key dates

IPO schedule for Kwick Forensic Solutions Ltd

From the day bidding opens to listing — every milestone you need to track.

IPO Open 27 Aug 2026
IPO Close 31 Aug 2026
Allotment 01 Sep 2026
Refund / Unblock 02 Sep 2026
Listing 03 Sep 2026
About the company

Who is Kwick Forensic Solutions Ltd ?

Kwick Forensic Solutions Limited was initially incorporated as 'Kwick Soft Solutions Private Limited' as a Private Company on March 4, 2005 with the Registrar of Companies, Tamil Nadu. Later, the name of the Company got changed from 'Kwick Soft Solutions Private Limited' to 'Kwick Integrated Forensic and Investigation Solutions Private Limited' on July 08, 2024 and again changed to 'Kwick Forensic Solutions Private Limited' on September 16, 2024. Now, the Company has got status converted to Public Limited Company via fresh Certificate of Incorporation issued by the Central Processing Centre on April 29, 2025.

Company provides end-to-end forensic products and services across four segments-Forensic Science & Physical Evidence Solutions, Mobile CSI Vehicles, Cyber & Digital Forensics, and DNA Forensics-together with a services line for liquor detection scanner with manpower support. It serves police departments, forensic laboratories, fingerprint bureaus and training institutes nationwide involved in crime scene investigations and specialize in evidence identification, collection, digitization. etc. Currently, Company is operating through its registered office from Chennai.

Initially, the Company focused on software development like 3D rendering, animation and simulation, serving the construction sector through 3D walkthroughs. In 2008, Company identified opportunities for forensic training by developing an Interactive Virtual Reality Crime Scene Simulator for training and proficiency testing of personnel responsible for crime scene management, for development of same, it has received the substantial support and, funding from the Ministry of Science & Technology, the Directorate of Forensic Science, and TIFAC (Technology Information, Forecasting and Assessment Council).

From FY2015, Company expanded into fingerprint science. Gradually started and moved forward in forensic sciences, cyber/digital forensics, social-media and big-data analytics and has since specialised in handheld field devices that help investigators identify visible/invisible evidence and digitise it to support as proof of evidence.

Company is planning the public offer of 56,40,000 equity shares of face value of Rs 10 per equity share, comprising a fresh issue of 45,60,000 equity shares and the offer for sale of 10,80,000 equity shares.

Financial track record

Financials at a glance

Three-year trajectory of revenue, profit and assets — restated as per the RHP.

Revenue PAT Total Assets
FY 2026
FY 2025
FY 2024
Metric (₹ Cr)FY 2026FY 2025FY 2024
Total Income105.8065.0830.26
EBITDA19.0712.255.45
PAT13.518.562.83
AUM60.5346.7919.19

Strengths & Risks

A balanced look at what works in the company's favour and what investors should watch.

Strengths

  • Experienced Promoter and management team with strong industry expertise and successful track record.
  • Diversified revenue streams.
  • Deep relationships with government/law-enforcement clients.
  • Long-standing OEM relationships.
  • Pan-India presence.
  • Highly passionate & focused on Quality Assurance, backed by ISO certifications.
  • Efficient operational team.

Risks

  • The company's products and services are significantly concentrated in the certain states, particularly Bihar and Gujarat. Any adverse developments in these regions may materially impact its business, financial condition, results of operations, and cash flows.
  • The company does not have long-term agreements with a majority of its customers. Any changes or cancellations to its orders or the company's inability to forecast demand for its products may adversely affect the company's business, results of operations and financial condition.
  • The company derives majority of its revenue from Sales of Goods and Sales of Services and any reduction in the demand of such segment could have an adverse effect on the company's business, results of operations and financial conditions.
  • The average cost of acquisition of Equity Shares by the company's Promoters Selling Shareholders could be lower than the Offer price determined in consultation with Book Running Lead Manager in accordance with the SEBI ICDR Regulations.
  • Any delays in filing Advance Tax, EPF, GST returns, TDS Return may lead to regulatory penalties and may have an adverse impact on the company's financial and operational performance.
  • The company is dependent on a limited number of suppliers for procurement of its raw materials, and the loss of any one or more of the company's major suppliers would have a material adverse effect on its business operations and profitability.
  • There have been instances in the past where the company's forensic product activities were not being aligned with the main object clause of its Memorandum of Association.
  • The company sources its products from the international market i.e., China, USA, Turkey, Japan, Italy etc. Any adverse developments affecting its procurement in this region could materially and adversely impact the company's revenue and results of operations.
  • The Company has negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
  • The company drives 55.22%, 78.91% and 86.98%, in FY 2026, 2025 and 2024 revenue from business transactions with government entities or agencies. Any change in the governments in the markets in which the company operates, change in policies and/or its inability to recover payments therefrom in a timely manner or at all, would adversely affect the company's operations and revenues which in turn would adversely affect its profitability.

Kwick Forensic Solutions Ltd IPO — frequently asked questions

The Kwick Forensic Solutions Ltd IPO opens on 27 August 2026 and closes on 31 August 2026. Bidding is accepted from 10:00 AM on the open date until 5:00 PM on the close date. The IPO is available to all eligible investors including retail individual investors, non-institutional investors, and qualified institutional buyers.
The price band for Kwick Forensic Solutions Ltd IPO is Rs 90 to Rs 90 per share. The lot size is 3200 shares per lot, requiring a minimum investment of Rs 288000 at the upper price band. Investors must apply for a minimum of one lot and can apply for up to 3200 lots as per SEBI guidelines.
You can apply for the Kwick Forensic Solutions Ltd IPO through the Chola Securities app or web platform using UPI or ASBA. Log in to your account, navigate to the IPO section, select Kwick Forensic Solutions Ltd from the open IPOs list, enter your bid quantity and price within the price band, and submit your application. You need an active demat account, a linked bank account, and a valid PAN to apply. Bidding closes on 31 August 2026 at 5:00 PM.
Allotment for Kwick Forensic Solutions Ltd IPO is scheduled on 01 Sep 2026. Refunds or unblocking of funds for unsuccessful applicants will be processed on 02 Sep 2026. The shares are expected to list on 03 Sep 2026. You can check your allotment status on the Chola Securities IPO page or through the registrar's website using your PAN.
Chola Securities' research team has reviewed the Kwick Forensic Solutions Ltd IPO based on the company's financials, business model, valuation, and sector outlook. The recommendation is available on this page. Investors are advised to read the full IPO note along with the company's Red Herring Prospectus before making an investment decision.
Yes, you can revise or withdraw your Kwick Forensic Solutions Ltd IPO bid before the subscription window closes on 31 August 2026 at 5:00 PM. Revisions can include changing the quantity or price within the allowed price band. To withdraw, cancel your application through the platform before the closing time. Once the subscription period ends, no further changes are permitted.
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