Kwick Forensic Solutions IPO: Kwick Forensic Solutions Limited, a company engaged in providing Forensic Science, Evidence Management, Cyber & Digital Forensics, DNA Forensics and Law-Enforcement Solutions across India, has come up with its SME IPO in the market. The company wants to raise ₹50.77 crore through this SME IPO. Kwick Forensic Solutions IPO will open for subscription on August 27, 2026, and close August 31, 2026.
Kwick Forensic Solutions IPO is a book build issue of 56,41,600 shares (₹50.77 Cr.). The issue is a combination of a fresh issue of 45,61,600 shares (₹41.05 Cr.) and an offer for sale of 10,80,000 shares (₹9.72 Cr.).
The price band for Kwick Forensic Solutions IPO is ₹85 to ₹90 per share. The minimum application size is 2 lot (3,200 shares), requiring a retail investor to invest at least ₹2,88,000 (based on the upper price band).
Kwick Forensic Solutions IPO Details
| Open Date | August 27, 2026 |
| Close Date | August 31, 2026 |
| Issue Type | Book Building Issue |
| Face Value | ₹10.00 Equity Share |
| Price Band | ₹85.00 – ₹90.00 Per Share |
| Listing On | BSE, SME |
| Issue Size | ₹50.77 Cr. (56,41,600 Shares) |
| Fresh Issue | ₹41.05 Cr. (45,61,600 Shares) |
| Offer For Sale | ₹9.72 Cr. (10,80,000 Shares) |
| Prospectus | RHP | Anchor Investors |
Kwick Forensic Solutions IPO Reservation
| Category | Total Issue | Net Issue | Shares Offered |
|---|---|---|---|
| QIB | 47.39% | 49.90% | 26,73,600 |
| NII | 14.29% | 15.05% | 8,06,400 |
| Retail | 33.30% | 35.05% | 18,78,400 |
| Market Maker Firm Reservations | 5.02% | — | 2,83,200 |
| Total | 100.00% | 100.00% | 56,41,600 |
Kwick Forensic Solutions IPO Market Lot
| Application | Lot | Shares | Amount |
| Retail Minimum & Maximum | 2 | 3,200 | ₹2,88,000 |
| S-HNI Minimum | 3 | 4,800 | ₹4,32,000 |
| S-HNI Maximum | 6 | 9,600 | ₹8,64,000 |
| B- HNI Minimum | 7 | 11,200 | ₹10,08,000 |
Key Performance Indicator
| KPI (March 31, 2026) | Value |
| Market Capitalisation | ₹192.93 Cr. (On Upper Price) |
| P/E Ratio | 11.25x |
| EPS | ₹8.00 |
| ROE | 38.98% |
| ROCE | 44.88% |
| RoNW | 32.62% |
| Dept/Equity | 0.12 (March 31, 2025) |
| EBITDA Margin | 18.03% |
| PAT Margin | 12.78% |
| Net Assets Value | ₹24.54 |
| Price To Book Value | 5.44x (March 31, 2025) |
Kwick Forensic Solutions IPO No Peer Comparison
| Company | P/E | EPS | RoNW | NAV |
| — | — | — | — | — |
Kwick Forensic Solutions IPO Dates (Tentative)
| Open Date | August 27, 2026 |
| Close Date | August 31, 2026 |
| Allotment Date | September 01, 2026 |
| Refund Date | September 02, 2026 |
| Share Credit Date | September 02, 2026 |
| Listing Date | September 03, 2026 |
Kwick Forensic Solutions Limited Company Financial Report (Restated)
| Period Ended | Total Assets | Total Income | Total Expenses | Net Worth | Profit After Tax | EBITDA | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|---|---|
| March 2026 | ₹60.53 Cr. | ₹105.80 Cr. | ₹87.59 Cr. | ₹41.41 Cr. | ₹13.51 Cr. | ₹19.06 Cr. | ₹24.53 Cr. | — |
| March 2025 | ₹46.79 Cr. | ₹65.08 Cr. | ₹53.86 Cr. | ₹27.90 Cr. | ₹8.56 Cr. | ₹12.25 Cr. | ₹25.79 Cr. | ₹3.26 Cr. |
| March 2024 | ₹19.19 Cr. | ₹30.26 Cr. | ₹26.48 Cr. | ₹9.86 Cr. | ₹2.83 Cr. | ₹5.45 Cr. | ₹7.93 Cr. | ₹3.24 Cr. |
Company Promoters
- Shammer Saralal Shah
- Sejal Shammer Shah
- Tulsidas Hinduja Ashok Kumar
| Holding Pre Issue | 1,68,74,840 Shares | 88.54% |
| Holding Post Issue | 2,14,36,440 Shares | 64.65% |
Kwick Forensic Solutions IPO Lead Managers
- Corporate Capital Ventures Private Limited
Kwick Forensic Solutions IPO Registrar
Bigshare Services Private Limited
Telephone: 8657578989/8069219065/8069219060
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
About Kwick Forensic Solutions Limited
Kwick Forensic Solutions Limited (formerly Kwick Soft Solutions Pvt. Ltd.) was founded in 2005 by Mr. Shammar Sarlal Shah. The company’s initial focus was on software development—3D rendering, animation, and simulation—serving the construction sector through 3D walkthroughs. In 2008, the company identified opportunities in forensic training by creating an interactive virtual reality crime scene simulator to train and test the skills of those responsible for crime scene management. For its development, the company received significant support and funding from the Ministry of Science and Technology, the Directorate of Forensic Science, and TIFAC (Technology Information, Forecasting and Assessment Council).
This simulator is designed for various crime scenes and is used to train personnel in police training schools, forensic colleges, and academies. This success laid the foundation for the company’s involvement in forensic science and training technology. In FY2015, the company began expanding into fingerprint science. It gradually branched out into forensic science, cyber/digital forensics, social media, and big-data analytics, and has since specialized in handheld field devices that help investigators identify visible/invisible evidence and digitize it in a tamper-evident manner to support the integrity of evidence for admissibility in court.
The Company’s product offerings are divided into two segments :
- Sales of Goods
- Forensic Science & Physical Evidence Solutions.Sales of Services
- Mobile CSI Vehicles (MCSIV)
- Cyber & Digital Forensics
- DNA Forensics
Sales Of Goods
- Forensics Science & Physical Evidence Solutions: (powder, brushes, lifting tape, fingerprint kits), footprint and impression kits, general forensic equipment (other light sources, handheld devices, laboratory instruments), evidence collection kits (for explosives, narcotics, blood, body fluids, gunshot residue), and ballistic and scene documentation kits. In addition, the company supplies related consumable kits for refilling when needed. In recent years, the company has added in-house developed and assembled handheld devices and controlled environment chambers/cabinets to this segment.
- Mobile CSI Vehicle (MCSIV) segment: This includes providing fully equipped forensic vans, mobile forensic labs, and motorcycles equipped with scientific kits. However, to date, the company has sold mini mobile CSI vehicles (SUVs, small vans) and macro mobile CSI labs (large vans/traveler buses). These vehicles enable on-site crime scene investigation by providing tools for evidence collection, preservation, and preliminary analysis, ensuring timely response and reducing immediate dependence on centralized forensic experts.
- Cyber & Digital Forensics segments: It includes tools and software used to extract, preserve, and analyze digital evidence. These include mobile and computer data retrievers, social media analysis tools, virtual forensic computing platforms, digital kits, forensic imagers, and write-blockers, which help investigators securely handle and understand electronic data for criminal investigations.
- DNA Forensics segment: This includes solutions for biological evidence management, including DNA sample collection kits, sexual assault evidence kits, genetic analyzers, DNA database systems, and rapid DNA testing solutions such as Rapid HT and SmallPond software, a web-based DNA databasing and profile-matching system. For secure storage and matching of STR profiles, we use SmallPond, a DNA database solution—for which the company is an authorized, non-exclusive reseller in India, and also covers licensing, installation, user training, and support.
Sales Of Service
Rental of Forensic Equipment’s such as Handheld Scanner for Liquor Detection — The company offers rental/sub-lease models for handheld scanners used by enforcement agencies for alcohol detection and other forensic equipment for detection, scanning and imaging systems, bundled with manpower support if required.
- Clients/End User/ Consumers/Customers: Their typical clients include police stations, central and state forensic labs, central and state fingerprint bureaus, crime investigation departments, police training academies and institutions, and universities offering forensic science courses. Client acquisition is primarily through GeM (Government e-Marketplace) and other e-procurement portals, as well as direct quotations and referrals.
- Quality Management and Accreditation: It is a quality-focused company, maintaining standards from procurement to delivery. For forensic products sourced from OEMs, the R&D team reviews client requirements, follows SOPs, and inspects all materials received. For Mobile CSI Vehicles (MCSIVs), the operations team supervises fabrication and kit installation. For handheld devices developed and assembled by Kwick, the R&D team conducts necessary testing, such as visual inspection, functional testing, and performance testing, to ensure performance and compliance. The company’s R&D and operations teams work together to ensure compliance with its quality management system and legal and regulatory requirements. Quality has always been a key focus area for management, as evidenced by our numerous internationally recognized certifications and accreditations. To date, the company holds ISO 9001:2015 (Quality Management System), ISO 14001:2015 (Environmental Management System), ISO/IEC 20000-1:2018 (IT Service Management), and ISO/IEC 27001:2022 (Information Security Management System) certifications, and is registered with MSME (Micro, Small and Medium Enterprises), DSIR (Department of Scientific and Industrial Research), and NSIC (National Small Industries Corporation).
- Procurement of Forensic Products: Currently, the company procures forensic products and tools from OEMs with whom it has non-exclusive distributorship agreements with renowned international OEMs or deals on a purchase order basis. This ensures fixed prices, diverse offerings, and consistent supply. Furthermore, the company has positioned itself to reduce import costs and source essential evidence kits and forensic tools domestically. This strategic shift was aimed at reducing import dependence, controlling costs, and improving gross margins. As a result, the share of forensic products procured domestically has steadily increased over the past few years. Consequently, the share of raw materials procured domestically has also steadily increased over the past few years. For the financial years ended March 31, 2024, 2025, and 2026, the company sourced approximately 65.42%, 85.72%, and 91.35% of its raw material requirements locally.
Objects Of The Issue (Estimated Amount ₹31.42 Cr.)
- Funding the Working Capital requirement of our company. (Estimated Amount ₹31.42 Cr.)
- General Corporate Purposes#
Company Address
Kwick Forensic Solutions Limited
Address: New No 12 Old No 11 East Park Road, Shenoy Nagar
Chennai, Tamil Nadu, 600030
Telephone: 8807110249
Email: cs@kwickforensic.com
Website: https://kwickforensic.com/
Kwick Forensic Solutions IPO FAQs
What are the open and close dates of the Kwick Forensic Solutions IPO?
The Kwick Forensic Solutions IPO will open on August 27, 2026 and close on August 31, 2026.
What is the price band for Kwick Forensic Solutions IPO?
The price band for the Kwick Forensic Solutions IPO is ₹85 to ₹90 per share.
What is the issue size of the Kwick Forensic Solutions IPO?
The total issue size of the Kwick Forensic Solutions IPO is ₹50.77 Cr., comprising both fresh issue and offer for sale (if applicable).
What is Kwick Forensic Solutions IPO Minimum and Maximum Lot Size?
The minimum & maximum bid is 2 Lot, 3,200 Shares with ₹2,88,000 amount for the Kwick Forensic Solutions IPO.
What is Kwick Forensic Solutions IPO Investors Portion?
The investors portion for QIB 50%, NII 15%, RII 35% for the Kwick Forensic Solutions IPO.
When will the allotment for the Kwick Forensic Solutions IPO be finalized?
The Kwick Forensic Solutions IPO allotment is expected to be finalized on September 01, 2026.
When will the shares of Kwick Forensic Solutions IPO get listed?
The Kwick Forensic Solutions IPO shares are expected to be listed on BSE and SME on September 03, 2026.
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IPO Investors Team Has Researched And Prepared This Content After Reviewing The Kwick Forensic Solutions IPO Red Herring Prospectus (RHP) And Other Official IPO Related Documents Publicly Available To Investors.
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