- POSITIVE
Annual Revenue Kwick Forensic Solutions Mar-2026 Annual Revenue is Rs 106 Cr which is growth of 62.6% YoY.
- POSITIVE
Annual Net Profit Kwick Forensic Solutions Mar-2026 Annual Net Profit is Rs 14 Cr which is growth of 57.8% YoY.
Kwick Forensic Solutions was incorporated on March 04, 2005. The company was initially focused on software development, including 3D rendering, animation and simulation for construction-sector walkthroughs. In 2008, it expanded into forensic training by developing an Interactive Virtual Reality Crime Scene Simulator with support and funding from government agencies
| Bidding Dates |
|---|
| 27 Aug 2026 - 31 Aug 2026 |
| Subscription |
|---|
| 272.5x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹272,000 | 2 | 2 | 1600 | 5.6 M | ₹85 - ₹90 | 64.65 % | ₹479.5 M - ₹507.7 M | RHP DOC |
Kwick Forensic Solutions IPO SUBSCRIPTION STATUS
31 Aug '26Total272.5x
Retail Individual Investor318.52x
HNI (NII) Investors237.01x
Qualified Institutional Buyers227.85x
Kwick Forensic Solutions IPO overall subscription rate was 272.5 times the total available shares
Kwick Forensic Solutions IPO retail subscription rate was 318.52 times in the retail segment
Kwick Forensic Solutions IPO non-institutional investor subscription rate was 237.01 times in the non-institutional investor category
Kwick Forensic Solutions IPO Qualified Institutional Bidder subscription rate was 227.85 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
31 Aug 2026 (Day 3) | 318.52x | 237.01x | 227.85x |
28 Aug 2026 (Day 2) | 36.23x | 9.05x | 0x |
27 Aug 2026 (Day 1) | 13.17x | 4.29x | 0x |
Kwick Forensic Solutions FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 105.7 | 13.5 | 7.6 | 5.6 | 18.0% |
| FY25 | 65.0 | 8.6 | 4.7 | 4.3 | 18.8% |
| FY24 | 30.2 | 2.8 | -2.6 | -3.0 | 18.0% |
Kwick Forensic Solutions IPO SUBSCRIPTION STATUS DETAILS
Kwick Forensic Solutions had 5.6 M shares on offer
Kwick Forensic Solutions IPO offer price was in the range ₹85 - ₹90
Kwick Forensic Solutions IPO minimum Investment was ₹272000
Kwick Forensic Solutions IPO issue size was ₹ 479.5 M - ₹ 507.7 M
Kwick Forensic Solutions had a minimum lot size of 1600 Shares per application
Kwick Forensic Solutions NUMBER OF SHARES ON OFFER
Total5.6 M
Fresh Issue4.6 M
Offer for Sale1.1 M
Post Issue Promoter Holding %64.65 %
Kwick Forensic Solutions IPO IMPORTANT DATES
| Issue Open Date | 27 Aug 2026 |
| Issue close Date | 31 Aug 2026 |
| Allotment Date | 01 Sep 2026 |
| Refund Date | 02 Sep 2026 |
| Demat Account Credit Date | 02 Sep 2026 |
| Listing Date | 03 Sep 2026 |
| Listing on Exchange(s) | BSE |
| Kwick Forensic Solutions Allotment Status | Exchange/ Registrar |
Kwick Forensic Solutions IPO subscription opened on 27 Aug 2026, and closed on 31 Aug 2026
IPO allotment for Kwick Forensic Solutions was finalized on Tuesday, 01 Sep 2026
IPO listing for Kwick Forensic Solutions was on BSE on Thursday, 03 Sep 2026
Kwick Forensic Solutions IPO LISTING GAINS
| Issue Price (adjusted) | 90.0 |
| Listing Open Price | 150.0 |
| Listing Close Price | 157.5 |
| Listing Gain% | 66.7% |
| Current Gain% | 98.7% |
Kwick Forensic Solutions Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kwick Forensic Solutions Ltd. | 178.8 | 383.3 | 28.4 | 0.5 | 3.6 | 32.6 | 22.3 | 105.8 | 62.6 | 13.5 | 57.8 | 6.3 | 57.8 |
| Akiko Global Services Ltd. | 415.5 | 447.5 | 29.2 | 0.2 | 2.1 | 25.6 | 14.2 | 173 | 126.4 | 15.3 | 107.5 | 14.2 | 185.9 |
| Gretex Industries Ltd. | 214 | 339.3 | 230.4 | -19.7 | 6.1 | 2.8 | 2.2 | 57.1 | 54.4 | 1.5 | 3.9 | 0.9 | -11.7 |
| Purple Wave Infocom Ltd. | 342.4 | 316.5 | 23.6 | 23.3 | 14.3 | 146.3 | 16 | 13.4 | 47.3 | 14.5 | |||
| Shiv Texchem Ltd. | 116.2 | 269.1 | 3.5 | 19 | 5.2 | 2782.1 | 26.2 | 77.8 | 61.7 | 33.6 | |||
| FX Multitech Ltd. | 120.6 | 173.2 | 14.7 | 31 | 13.7 | 126.4 | 23.4 | 11.8 | 23.6 | 8.2 |
Annual
Balance Sheet
Ratios
Cash Flow
Kwick Forensic Solutions annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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Cell Data
Actual
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| Indicator | Graph | CAGR 3 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 |
|---|---|---|---|---|---|---|---|
72.8% | 105.8 | 65.1 | 30.3 | 20.5 | 4 | ||
Operating Exp. Ann. | 71.8% | 86.7 | 52.8 | 24.8 | 17.1 | 3.6 | |
Operating Profit Ann. | 77.5% | 19 | 12.2 | 5.4 | 3.4 | 0.4 | |
OPM Ann. % | 2.9% | 17.93% | 18.75% | 17.73% | 16.47% | 9.03% | |
69.5% | 87.6 | 53.9 | 26.5 | 18 | 3.9 | ||
EBITDA Ann. | 77.8% | 19.1 | 12.3 | 5.5 | 3.4 | 0.4 | |
EBITDA Ann. margin % | 2.8% | 18.02% | 18.82% | 17.99% | 16.57% | 9.70% | |
Interest Ann. | -17% | 0.4 | 0.7 | 1.3 | 0.7 | 0.1 | |
Depr. | 35.7% | 0.5 | 0.4 | 0.3 | 0.2 | 0.2 | |
PBT Ann. | 93.8% | 18.2 | 11.2 | 3.8 | 2.5 | 0.2 | |
Tax Ann. | 98.6% | 4.7 | 2.7 | 1 | 0.6 | ||
92.2% | 13.5 | 8.6 | 2.8 | 1.9 | 0.1 | ||
Net Profit Ann. | 92.2% | 13.5 | 8.6 | 2.8 | 1.9 | 0.1 | |
NPM Ann. % | 12.2% | 12.77% | 13.16% | 9.39% | 9.03% | 3.55% | |
EPS Adj. latest Ann. | 91.3% | 6.3 | 4 | 1.3 | 0.9 | 0.1 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
62.5%
2Y CAGR
86.9%
3Y CAGR
72.8%
Net Profit Ann.
1Y CHG
57%
2Y CAGR
119.6%
3Y CAGR
92.2%
Operating Exp. Ann.
1Y CHG
64.2%
2Y CAGR
87%
3Y CAGR
71.8%
Kwick Forensic Solutions INFORMATION ON IPO ISSUE
About Kwick Forensic Solutions
Kwick Forensic Solutions was incorporated on March 04, 2005. The company was initially focused on software development, including 3D rendering, animation and simulation for construction-sector walkthroughs. In 2008, it expanded into forensic training by developing an Interactive Virtual Reality Crime Scene Simulator with support and funding from government agencies
Object of the Issue
- Funding the working capital requirement of the company
- General corporate purposes
Kwick Forensic Solutions - PROMOTERS
| Name |
|---|
| Shammer Saralal Shah |
| Sejal Shammer Shah |
| Tulsidas Hinduja Ashok Kumar |
Kwick Forensic Solutions - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Shammer Saralal Shah | Chairman & Managing Director |
| Neeraj Bakulesh Jhaveri | Whole Time Director |
| Sejal Shammer Shah | Non-Executive Director |
| Sonia Vaid | Non-Executive Independent Director |
| Bheekamchand Mukesh | Non-Executive Independent Director |
Kwick Forensic Solutions Book Running Lead Manager
Corporate Capital Ventures Private Limited
smeipo@ccvindia.com
Kwick Forensic Solutions Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Kwick Forensic Solutions Strengths
Quality assurance
The company maintains quality standards across procurement, manufacturing, testing and delivery, with defined inspections and validation processes for forensic products, Mobile CSI Vehicles and in-house devices. Its quality systems are supported by multiple ISO certifications and registrations, along with client acceptance procedures after delivery and training
Strength
Client tie-ups
The company has established long-standing relationships with leading OEMs such as Sirchie, Thermo Fisher Scientific, Rapiscan Systems, Seratec and others through deal-based transactions, purchase orders and non-exclusive distribution agreements. These partnerships provide access to quality equipment and components, support a reliable supply chain, reduce costs and strengthen the company’s market position
Strength
Niche market segments
The company operates in a specialised niche with limited listed competitors offering similar end-to-end solutions, primarily serving government departments, authorities and law enforcement agencies. Its long-standing relationships, industry experience, technical expertise and proven project execution create entry barriers and support customer loyalty
Strength
Kwick Forensic Solutions Risks
Depend on limited suppliers
The company depends on a limited number of suppliers for a substantial portion of its raw materials, with whom it has long-standing relationships. Any loss, disruption or delay from key suppliers could affect raw material availability, disrupt operations and adversely impact profitability and financial performance
Risk
Working capital intensive
The company requires significant working capital to execute tender-led projects involving procurement, inventory, integration, deployment and servicing, with payments often received in stages. Higher project volumes, delayed payments, cost overruns or changes in lending terms could increase funding requirements and adversely affect liquidity, financing costs and financial performance
Risk
Depend on third-party transport
The company relies on third-party transporters without formal long-term agreements to move raw materials and finished products, exposing it to delays, accidents, disruptions, loss or damage in transit. Transporter non-performance, changing rates or competing customer priorities could disrupt operations and adversely affect financial performance
Risk
IPO FAQs
This IPO consists of an offer for sale of up to Rs 9.7 crore, of 1,080,000 shares. It also consists of a fresh issue of Rs 41.0 crore.
The promoters of the company are Shammer Saralal Shah, Sejal Shammer Shah and Tulsidas Hinduja Ashok Kumar.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 85.0 - 90.0.
The IPO application opens on Aug 27, 2026 and closes on Aug 31, 2026.
The minimum lot size for the IPO is 3200. The maximum lot size for the IPO is 3200.
For all category investors, the minimum application amount for this IPO is Rs. 272,000.0, the maximum value for this IPO is Rs 288,000.0.
This IPO will be allotted on Sep 01, 2026.
The refund will be credited to your account on Sep 02, 2026.
The allotted shares will be credited to your demat on Sep 02, 2026.
Kwick Forensic Solutions Ltd.’s shares listed on the stock exchanges on Sep 03, 2026.