Kratikal Tech LimitedIPO

Kratikal Tech IPO Details

Kratikal Tech IPO is a 100% book-built issue of 30 lakh equity shares, entirely a fresh issue of shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on December 31, 2025.

The price band and official dates of subscription and listing will be announced by the company later, but the shares are supposed to be listed on the BSE SME platform. The book-running lead manager (BRLM) of this issue is Beeline Capital Advisors Private Ltd., while KFin Technologies Ltd. has been appointed as the registrar.

Kratikal Tech IPO Date & Timeline

Kratikal Tech Ltd. officially filed its Draft Red Herring Prospectus (DRHP) on December 31, 2025. However, the specific Kratikal Tech IPO date and subscription timeline remain unannounced. Following regulatory approval, the company will finalise the price band and bidding dates. Once cleared, the schedule for anchor allotment, public bidding and the final listing on the exchange will be formally disclosed.

Kratikal Tech IPO GMP (Grey Market Premium)

“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.

The Kratikal Tech IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.

Company Background

Kratikal Tech Ltd. was incorporated as a private limited company on November 13, 2013, in Uttar Pradesh. The company was converted into a public limited company in September 2025 in preparation for its public listing. Headquartered in Noida, Gautam Buddha Nagar, the company has evolved from a small tech startup into a specialised cybersecurity services provider, growing from a local service provider into an organisation with aspirations for international expansion.

Operations & Product Range

The main activities of Kratikal Tech Ltd. include high-end cybersecurity services like Vulnerability Assessment and Penetration Testing (VAPT) and their flagship product, Threatcop Phishing Incident Response (TPIR), which can help businesses respond to phishing incidents in real-time. The company works with many different industries, but its main focus lies in the BFSI sector. The company also offers information system audits, which are a necessity under RBI regulations for NBFCs and IRDAI regulations for insurance companies, thus providing a steady source of income for the company.

Facilities & Capacity

Kratikal Tech Ltd. mainly operates from its registered office in Noida, which is also its corporate office. The human capital and technology base of the company are major factors in determining the scale of its operations. The company has its security researchers, auditors and development team in its central location in Noida. The company wants to expand its operations, which include improving its delivery services for more customers worldwide and improving its technology base to perform complex security tests and large-scale audits.

Brands & Market Presence

Kratikal Tech Ltd. is functioning under a brand name, "Kratikal," and the popular brand under its product category is "Threatcop," a group of people-centric cybersecurity tools, such as phishing simulation and incident response tools. The company has a strong presence in its domestic market, mainly in large businesses and financial institutions and has also started venturing into foreign markets, earning revenue from countries such as Indonesia and the UAE, where a foreign subsidiary is set up.

Revenue Streams & Business Model

The primary revenue source of Kratikal Tech Ltd. is generated through a mix of project-based services such as one-time security audits and penetration testing and recurring revenue through SaaS-based products like Threatcop. This dual approach maintains short-term cash flows while building long-term subscription value. The company reported international revenue contributions in FY24, despite deriving a significant portion of its revenue from the Indian market. The scalable model means the costs of delivering software-based security solutions do not increase linearly with users, offering potential margin improvements as the customer base grows.

Management & Shareholding

The promoters of Kratikal Tech Ltd. are Pavan Kumar, Paratosh Kumar and Dip Jung Thapa. Before the IPO, the promoters held more than 50% of the stake in the company; however, after the IPO, there will be a dilutive effect on their holding due to the fresh issue of 30 lakh equity shares of the company, which will enable new shareholders to join in as stakeholders in the company.

Board & Key Management

Kratikal Tech Ltd.’s board members include Mr. Pavan Kumar, who leads the board as chairman and managing director, supported by Mr. Paratosh Kumar as whole-time director. Independent directors include Shubhi Kesarwani, Anand Ramanlal Karwa and Sanjeev Kumar Sinha. The key management team includes COO Dip Jung Thapa, CFO Vinay Singh and CS Anmol Gupta, who serves as a compliance officer.