Kwick Forensic Solutions IPO GMP, Date, Price Band & Review

Kwick Forensic Solutions IPO Details

Kwick Forensic Solutions IPO is a book built of ₹50.77 crores. Issue comprising a fresh issue of 45.62 lakh equity shares, worth up to ₹39 crore and an offer for sale (OFS) of 10.80 lakh shares, worth up to ₹10 crore, with a face value of ₹10 per share.

The IPO will open on August 27, 2026, and it will close on August 31, 2026. Finally, the shares will be listed on the BSE SME platform on September 3, 2026. The price range is ₹85 to ₹90 per share and the lot size for the application is 1,600 shares. The minimum investment required for an individual investor (retail) is ₹2,88,000 for 3,200 shares.

Corporate Capital Ventures Pvt. Ltd. is the book-running lead manager and Bigshare Services Pvt. Ltd. is the registrar for the issue.

Kwick Forensic Solutions IPO Date & Timeline

Kwick Forensic Solutions Limited officially filed its Red Herring Prospectus (RHP) on August 17, 2026. The tentative timeline for the IPO is as follows: subscription will open on August 27, 2026 and then it closes on August 31, 2026. After that, the basis of allotment is on September 1, 2026. Refunds and credit of shares are on September 2, 2026 and a tentative listing is on September 3, 2026.

Kwick Forensic Solutions IPO GMP

A "grey market premium," or GMP, is the rate at which the IPO’s shares trade in the grey market before they are officially listed on the stock exchange.

For the Kwick Forensic Solutions IPO, the GMP is ₹78, reflecting how unofficial investors feel before the listing happens. That premium may point to a possible listing value of ₹168, which is about 86.67% higher than the issue price. Sure, the Grey Market Premium works like a strong demand barometer, but GMP is also highly unstable, so it should not be the only guide for how you decide to invest.

Company Background

Kwick Forensic Solutions Limited, which was first incorporated as Kwick Soft Solutions Private Limited back on March 04, 2005, has, over the years, gradually moved toward becoming a specialized provider of forensic solutions. At some point, it adjusted its identity; it changed its name to Kwick Integrated Forensic and Investigation Solutions Private Limited in July 2024, later to Kwick Forensic Solutions Private Limited in September 2024, and then finally converted it into a public limited company in April 2025.

Based in Chennai, Tamil Nadu, the firm really focuses on updating police departments along with forensic science laboratories across India. Their core aim is to bring consistency, reinforce capabilities, and align law enforcement with the justice delivery system so that the duration of court cases can come down from the current average, which is over 15 years.

Operations & Product Range

Kwick Forensic Solution Limited offers this broad suite of products, tools and technologies for forensic science, fingerprint analysis, cyber/digital investigations, social media analytics and big data work, all in one place.

• • Field Forensics: Fingerprint kits, forensic evidence collection kits, DNA kits, CSI vehicles, footprint kits and also standard forensic kits.
• • Lab Solutions: Cyber forensics equipment, laboratory instruments and DNA lab equipment.
• • Training: Crime simulation and training solutions.

Kwick Forensics Solution Limited provides handheld scanners on a rental or sublease model, giving people more flexible access to advanced forensic tools without having to go all in upfront.

Facilities & Capacity

Operating from two leased premises in Chennai, Kwick Forensic Solutions keeps its admin side and dispatch running out of a 2,800 sq. ft. Shenoy Nagar office while also maintaining an R&D, or proof-of-concept, lab in a 3,300 sq. ft. Kilpauk branch. As of 31 July 2026, it has 33 payroll and 12 contract staff on board, so the headcount is 45 in total. With multiple ISO certifications behind it, the company has managed to lower import reliance quite a bit, from 14.28% in FY2025 down to 8.65% in FY2026 and improve its sourcing to 91.35% domestically, which helps overall cost efficiency and keeps supply continuity steadier.

Brands & Market Presence

Kwick Forensic Solution Limited seems to have forged strategic tie-ups with big global forensic technology players like Sirchie, Leica, Thermo Fisher Scientific, Randox, and Rapiscan Systems, bridging international tech with Indian law enforcement buyers.

Their customer list includes the Ministry of Home Affairs, Ministry of Defense, CFSL, NCRB, NFSU, and various state police departments, too.

By domestic areas, the money still leans heavily toward Gujarat at 29.39% and Bihar at 9.02% in FY2026, compared with the earlier combined 56.6% in FY2024, because now other states are adding more than 61%. Also, the number of customers dipped to 95 in FY2026, from 124 in FY2025, which points to bigger, higher-value orders rather than a straight-up shrinking client base.

Revenue Streams & Business Model

The main source of income for Kwick Forensic Solutions Limited is selling forensic products across physical evidence solutions, mobile CSI vehicles, cyber and digital forensics, and DNA forensics, plus equipment rental and AMC services too. In FY2026, the company recorded total revenue of ₹105.71 crore, where sales of goods made up 91.08%, and sales of services sat at 8.92%. Overall revenue comes from a mix of recurring money via equipment rentals and AMC contracts, with more occasional, one-off-style income whenever forensic products get supplied through government tenders and procurement.

Financial Performance

In FY26, Kwick Forensic Solutions Limited saw revenue hit ₹105.71 crore, up from ₹65.02 crore in FY25. On the operating side, the picture looked better: EBITDA moved up from ₹12.25 crore to ₹19.06 crore and that lift seemed to help overall. Profit after tax (PAT) went higher from ₹8.56 crore in FY25 to ₹13.51 crore in FY26, which is around a 58% jump. At the same time, the balance sheet kept widening; total assets rose from ₹46.79 crore to ₹60.53 crore. Net worth also strengthened from ₹27.90 crore to ₹41.41 crore, and for FY26, ROCE is 44.88%, while RoNW came in at 32.62%.

Management & Shareholding

Kwick Forensic Solutions Limited is being promoted by Mr. Shammer Saralal Shah, Mrs. Sejal Shammer Shah, and Mr. Tulsidas Hinduja Ashok Kumar, who together controlled roughly 88.54% of the pre-issue equity. After the IPO, the promoters’ stake is expected to slide to about 64.65%, while the remaining 35.35% will be held by public shareholders. In the selling group, Mrs. Sejal Shammer Shah is putting forward the biggest portion of the OFS at 6,48,000 shares. Mr. Shammer Saralal Shah and Mr. Tulsidas Hinduja Ashok Kumar are putting forward 2,16,000 shares each.

Board & Key Management

The leadership of Kwick Forensic Solutions Limited feels like it’s powered by a panel of experts; they bring deep industry experience as a baseline. Mr. Shammer Saralal Shah serves as the Founder, Promoter & Managing Director, he sets the strategic direction for the firm and the momentum. Alongside him, there are key managerial personnel, Mrs. Sejal Shammer Shah and Mr. Tulsidas Hinduja Ashok Kumar, who also act as the chief operating officers, so day-to-day things are handled with focused control.

For the governance side of it, Ms. Latha Venkatesh is on the board as an additional director to provide independent oversight and keep things balanced. Ms. Selvakumar Krithika (company secretary) handles finance and compliance. They watch the paperwork and risks. Overall, this group uses its collective know-how to help the company grow and to keep it successful, even as the priorities shift a bit.