Kwick Forensic Solutions Limited, a company offering end-to-end forensic science and evidence-management solutions, is launching its initial public offering (IPO) on the BSE SME platform. The IPO gives investors a window to bid for shares before the company lists. Below is a complete, easy-to-read breakdown of the price band, key dates, lot size, issue structure, and business snapshot of the Kwick Forensic Solutions IPO 2026.
Kwick Forensic Solutions IPO: Key Details at a Glance
Price Band and Lot Size Explained
The price band for the Kwick Forensic Solutions IPO has been fixed at ₹85 (lower end) to ₹90 (upper end) per equity share, with a face value of ₹10 each. The applicable lot size is 1,600 equity shares, and retail investors are required to apply for a minimum of 2 lots (3,200 shares). Key points to note:
• Minimum lot: 1 lot = 1,600 shares; minimum application = 2 lots = 3,200 shares
• Minimum investment: ₹2,72,000 (lower band) to ₹2,88,000 (upper band) for 2 lots
• Retail investor quota: 35% of the net issue
• Qualified Institutional Buyer (QIB) quota: 50% of the net issue
• Non-Institutional Investor (NII/HNI) quota: 15% of the net issue
• Application modes: ASBA (through net banking) or UPI (through brokers)
• SME caution: This is an SME issue; SME shares often trade in lower volumes after listing compared with mainboard stocks
IPO Structure and Objects of the Issue
The Kwick Forensic Solutions IPO is a book-built issue combining a fresh issue of shares worth up to ₹41.05 crore with an offer for sale (OFS) of 10,80,000 equity shares by promoter selling shareholders. As the OFS portion goes to the selling shareholders, only the fresh issue proceeds will be available to the company. As per the offer documents, the net proceeds from the fresh issue are proposed to be used for the company's working capital requirements and general corporate purposes, along with other objects detailed in the Red Herring Prospectus (RHP).
Company Snapshot: Business Overview
Kwick Forensic Solutions Limited provides end-to-end forensic science and evidence-management solutions. Key business highlights include:
• Service portfolio: A diversified offering spanning physical, digital, cyber, and DNA forensics
• Client base: Deep relationships with government and law-enforcement clients across India
• Technology partnerships: Strategic relationships and tie-ups with global forensic technology providers, along with long-standing OEM relationships
• R&D capability: In-house research and development, including development of forensic handheld devices and solutions
• Quality systems: Operations backed by multiple ISO certifications
• Geographic presence: Pan-India presence, though revenue is significantly concentrated in certain states, particularly Bihar and Gujarat
• Workforce: 33 employees on payroll and 12 on contract as of July 31, 2026, across administration, finance, legal, operations, R&D, sales, and tendering functions
• Promoters: Shammer Saralal Shah, Sejal Shammer Shah, and Tulsidas Hinduja Ashok Kumar
Financial Performance
As per the offer documents, Kwick Forensic Solutions' revenue and profitability showed strong year-on-year growth:
• Revenue: Grew from ₹65.08 crore in FY25 to ₹105.80 crore in FY26, an increase of about 63%.
• Net Profit (PAT): Grew from ₹8.56 crore in FY25 to ₹13.51 crore in FY26, an increase of about 58%.
How to Apply for the Kwick Forensic Solutions IPO
• Step 1: Log in to your broker's trading app or your bank's net banking/ASBA facility
• Step 2: Search for 'Kwick Forensic Solutions Limited' in the IPO section
• Step 3: Select the number of lots (minimum 2 lots for retail investors) within the price band
• Step 4: Enter your UPI ID (for UPI applications) or authorise via ASBA
• Step 5: Approve the mandate request in your UPI app to block the application amount
• Step 6: Track allotment status on the registrar's website using PAN, application number, or DP/Client ID
Points Investors Should Note
• Government revenue dependency: The company has derived 55.22%, 78.91%, and 86.98% of its revenue from government entities or agencies in FY26, FY25, and FY24 respectively; changes in government policy or payment cycles could affect operations.
• Geographic concentration: A significant share of revenue is concentrated in Bihar and Gujarat, which is a factor to be aware of.
• SME listing: This is an SME IPO listing on the BSE SME platform, which typically carries different liquidity and trading characteristics compared to mainboard listings.
• Partial OFS component: A portion of the issue is an offer for sale, meaning that part of the proceeds goes to selling shareholders rather than the company.
• Read the RHP: Interested applicants are encouraged to go through the company's Red Herring Prospectus (RHP) for complete details before making any decisions.
Frequently Asked Questions (FAQs)
1. When does the Kwick Forensic Solutions IPO open and close?
The IPO opens for subscription on August 27, 2026, and closes on August 31, 2026, with anchor investor bidding on August 25, 2026.
2. What is the price band of the Kwick Forensic Solutions IPO?
The price band is fixed at ₹85 to ₹90 per equity share, with a face value of ₹10 per share.
3. What is the lot size for this IPO?
The lot size is 1,600 equity shares. Retail investors must apply for a minimum of 2 lots (3,200 shares).
4. What is the minimum investment amount required?
At the upper price band, the minimum retail investment is ₹2,88,000 for 2 lots (3,200 shares).
5. What is the total issue size of the IPO?
The total issue size is up to ₹50.77 crore, comprising a fresh issue of up to ₹41.05 crore and an offer for sale of 10,80,000 equity shares.
6. On which exchange will Kwick Forensic Solutions shares be listed?
The shares are proposed to be listed on the BSE SME platform, with a tentative listing date of September 3, 2026.
7. When will the IPO allotment be finalised?
The basis of allotment is tentatively scheduled to be finalised on September 1, 2026.
8. Who is the registrar for the Kwick Forensic Solutions IPO?
Bigshare Services Private Limited is the registrar to the issue.
9. How can I apply for the IPO?
Applications can be made online through ASBA via net banking or through UPI-enabled broker platforms during the subscription window.
10. What does Kwick Forensic Solutions Limited do?
The company provides end-to-end forensic science and evidence-management solutions, covering physical, digital, cyber, and DNA forensics, with a strong focus on government and law-enforcement clients.
Disclaimer:
This is written for educational and informational purposes only. Nothing here constitutes investment advice or a recommendation to buy or sell securities. All data is sourced from publicly available information. Investments in securities markets are subject to market risks — please read all offer documents carefully before investing.