About Kwick Forensic Solutions IPO
Kwick Forensic Solutions IPO Details
Kwick Forensic Solutions IPO is a 100% book-built issue of 56.40 lakh equity shares, comprising a fresh issue of 45.60 lakh shares and an offer for sale (OFS) of 10.80 lakh shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on September 30, 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 of this issue is Corporate Capital Ventures Pvt. Ltd., while the registrar to the issue is Bigshare Services Pvt. Ltd.
Kwick Forensic Solutions IPO Date & Timeline
[Company Name] Ltd. officially filed its Draft Red Herring Prospectus (DRHP) on [DRHP Date]. However, the specific [Company Name] IPO date and subscription timeline remain unannounced. Following regulatory approval, the company will finalize 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.
Kwick Forensic Solutions IPO Timeline
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | - |
Kwick Forensic Solutions IPO Details
| Detail | Description |
|---|---|
| IPO Date | [.] |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | Fresh Capital & OFS |
| Total Issue Size | 56,40,000 shares (agg. up to ₹[.] Cr) |
| Reserved for Market Maker | 2,82,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue(Ex Market Maker) | 42,78,000 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 10,80,000 shares of ₹10 (agg. up to ₹[.] Cr) |
| Net Offered to Public | 53,58,000 shares (agg. up to ₹[.] Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,68,74,840 shares |
| Share Holding Post Issue | 2,14,34,840 shares |
Kwick Forensic Solutions IPO GMP
“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 [Company Name] IPO GMP is currently trading at ₹[Value], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[Total], which is [Percentage]% 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
Kwick Forensic Solutions Ltd. was incorporated as a private limited company on March 04, 2005, in Tamil Nadu; then, on April 29, 2025, the company transformed into a public limited company to proceed with its public listing procedures.
The registered office of the company is in Chennai, Tamil Nadu, where over two decades of operations have been performed by the company, transforming it from a software service provider into a specialised entity providing high-tech investigation tools and forensic expertise to law enforcement, government bodies and private corporations.
Operations & Product Range
The core operating model of Kwick Forensic Solutions Ltd. revolves around providing comprehensive forensic services handling data from the crime scene to the courtroom. The core services are divided into key segments including Cyber and Digital Forensics, covering tools and software for recovering data from computers and mobile phones.
Beyond digital forensics, the company provides specialised equipment for field investigations, where the potential customers include state and central law enforcement agencies, security organisations and forensic laboratories. The range includes mobile forensics, computer forensics and cloud-based data extraction technologies, with revenue maintained through long-term contracts and project-based assignments.
Facilities & Capacity
Kwick Forensic Solutions Ltd. manages operations from its registered office in Chennai, with a network supporting service delivery across India. As a service and technology-driven business, capacity is largely determined by technical expertise, specialised software licenses and the scale of its project management team. The company relies on high-end forensic workstations and specialised digital tools to process investigation data. With the public listing, the company mainly focuses on upgrading existing technological capabilities and investing in new-age forensic tools to keep pace with the rapidly evolving nature of cybercrime.
Brands & Market Presence
Kwick Forensic Solutions Ltd. operates under its own corporate brand, increasingly recognised in India's specialised forensic and investigation industry. Its market presence is built on providing a complete ecosystem of tools under the theme of "from crime scene to court," serving government departments and private investigation agencies. Market presence is further strengthened by strategic tie-ups with global leaders in forensic technology, allowing it to offer world-class tools to the Indian market. The company has actively participated in industry-specific forums and certifications to maintain its standing as a verified provider of high-stakes investigative services.
Revenue Streams & Business Model
The main source of income for Kwick Forensic Solutions Ltd. is through selling its forensic software and hardware products and providing specialized forensic investigations. In fiscal year 25, the company recorded total revenue of ₹65.07 crore, where 78.91% of this revenue came through government bodies while 21.09% came through non-government bodies. The revenue model is based on a combination of recurring revenue through software servicing and one-time payments for forensic kits and investigations.
Management & Shareholding
Kwick Forensic Solutions Ltd. is promoted by Shammer Saralal Shah, Sejal Shammer Shah and Tulsidas Hinduja Ashok Kumar. Before the IPO, the promoters held a 78.08% stake and the promoter group held a 10.46% stake in the company, but after the IPO, the promoters' and promoter group’s shareholding will be diluted as the offering includes 10.80 shares as OFS via existing shareholders.
Board & Key Management
The leadership of Kwick Forensic Solutions Ltd. is led by a team of experts with many years of experience. Mr. Shammer Saralal Shah serves as the Chairman & Managing Director and gives strategic direction to the firm and manages the daily operations, along with Whole-Time Director Dr. Neeraj Bakulesh Jhaveri. To ensure good governance, the board includes Independent Directors for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
Kwick Forensic Solutions IPO Financial Information
Latest Revenue
65.08
₹ Crore
Profit After Tax
8.56
₹ Crore
Net Worth
27.90
₹ Crore
Total Borrowing
3.26
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 46.79 | 65.08 | 8.56 | 27.90 | 25.79 | 3.26 | |||
| 31 Mar 2024 | 19.19 | 30.26 | 2.83 | 9.86 | 7.93 | 3.24 | |||
| 31 Mar 2023 | 13.29 | 20.40 | 1.74 | 3.83 | 3.50 | 6.15 | |||
| Amount in ₹ Crore | |||||||||
Kwick Forensic Solutions Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 45.34% |
| ROCE | 38.15% |
| Debt/Equity | 0.12 |
| RoNW | 30.68% |
| PAT Margin | 13.16% |
| EBITDA Margin | 18.84% |
| Price to Book Value | - |
Kwick Forensic Solutions IPO Objectives
The company intended to utilise the Kwick Forensic Solutions IPO proceeds for the strategic purposes:
- • Funding the working capital requirements
- • Repayment or prepayment of debt (in part or in full)
- • General corporate purposes
Kwick Forensic Solutions IPO Review
Kwick Forensic Solutions Ltd. engages in providing end-to-end products, solutions, tools and technologies for forensic sciences, fingerprint science, cyber/digital forensics, social-media analytics and big-data analytics, with a focus on Total Evidence Management and Law-Enforcement solutions across India. Its positioning within this niche segment is strong, especially given its focus on government and law enforcement sectors, which provide a stable, albeit complex, client base.
Financially, the company shows strong and healthy financial statements, with revenue from operations of ₹65.02 crore and PAT of ₹10.29 crore in FY25, with an EBITDA of 12.24 crore. Notably, the top 10 customers contributed around ₹50.86 crore, which is 78.22% of the total revenue from operations.
However, investors should be aware of the potential risk of the company, including its high dependence on specialised technical software and government contracts, which can have long sales cycles and the fast-paced nature of technological change in the forensic industry and dependence on relationships with global tool providers. Overall, the IPO is a play on the specialised security and investigation sector, increasingly vital in the modern digital economy.
Conclusion
Kwick Forensic Solutions IPO is an opportunity for investors to invest in a growing company that operates as a veteran player in forensic technology, with two decades of operational history in the market and a clear growth trajectory. The company's focus is on end-to-end solutions and strategic global partnerships provide a solid foundation. With this listing, the company aims to fund its working capital requirements to perform smooth operational activities and to operate its day-to-day activities.
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Competitive Strengths
Strategic tie-ups with international forensic technology providers allow the company to offer advanced global tools in India.
Comprehensive "crime scene to court" service range providing a one-stop solution for complex investigation needs.
Experienced leadership with the promoter group bringing decades of technical expertise in electronics and forensics.
| Sr.no | Description | Date | File |
|---|---|---|---|
| 1 | Filed with SEBI/Exchange | 30/09/2025 | View DRHP |
| 2 | SEBI/Exchange approval received | - | - |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 0 | 0 | 0 |
| Individual investors (Retail) (Max) | 0 | 0 | 0 |
| S-HNI (Min) | 0 | 0 | 0 |
| S-HNI (Max) | 0 | 0 | 0 |
| B-HNI (Min) | 0 | 0 | 0 |


