
Kwick Forensic Solutions
OPENIPO 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 IPO | Amount |
|---|---|
| Overall | 51 Cr |
| Fresh Issue | 41.05 Cr |
| Offer for Sale | 9.72 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 1 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.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 30 Aug 2026 | ₹90 | ₹70 | ₹160 (77.78%) |
| 29 Aug 2026 | ₹90 | ₹70 | ₹160 (77.78%) |
| 28 Aug 2026 | ₹90 | ₹64 | ₹154 (71.11%) |
| 26 Aug 2026 | ₹90 | ₹64 | ₹154 (71.11%) |
| 25 Aug 2026 | ₹90 | ₹64 | ₹154 (71.11%) |
| 24 Aug 2026 | ₹90 | ₹64 | ₹154 (71.11%) |
| 23 Aug 2026 | ₹90 | ₹61 | ₹151 (67.78%) |
| 22 Aug 2026 | ₹90 | ₹51 | ₹141 (56.67%) |
| 21 Aug 2026 | ₹90 | ₹0 | ₹90 (0%) |
| 20 Aug 2026 | ₹90 | ₹0 | ₹90 (0%) |
| 19 Aug 2026 | ₹90 | ₹0 | ₹90 (0%) |
| 18 Aug 2026 | ₹90 | ₹0 | ₹90 (0%) |
Performance Kwick Forensic Solutions
| Issue Price | Listing Gain | Current Market Price | P/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 in | 2005 |
| Managing director | Mr 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
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |