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KWICK FORENSIC SOLUTIONS IPO

AT THE GATEBSE SME · SME · DIVERSIFIED
INDICATIVE FARE / PRICE BAND
₹90
GMP +₹78 (+86.67%)
BAND & GMP INDICATIVE · GMP IS UNOFFICIAL MARKET CHATTER · NOTHING FINAL UNTIL THE RHP
FIGURES ON THIS PAGE AS OF 02 SEPT 2026, 22:02 IST · REFRESHED THROUGH THE DAY
THE FARE BOARD · KEY NUMBERS

BY THE NUMBERS.

PRICE BAND
₹90
LOT SIZE
1600 SHARES
ISSUE SIZE
₹50.77 CR
MIN INVESTMENT
₹1,44,000 · 1600 SHARES
GMP · GREY MARKET
+₹78 (+86.67%)
RECORDED 02 SEPT 2026, 21:58 IST
P/E RATIO
11.25
THE FARE TABLE · WHAT AN APPLICATION COSTS

TICKET CLASSES.

APPLICATIONLOTSSHARESAMOUNT
MINIMUM APPLICATION · AS PUBLISHED23,200₹2,88,000
EACH ROW SAYS WHETHER ITS FIGURES ARE THE QUANTITIES PUBLISHED FOR THIS ISSUE OR OUR OWN ARITHMETIC · COMPUTED ROWS ARE LOT SIZE × UPPER BAND · AMOUNTS AT THE UPPER BAND OF ₹90 · CATEGORY LIMITS PER SEBI THRESHOLDS (₹2 LAKH RETAIL CEILING, ₹10 LAKH SHNI/BHNI BOUNDARY) · INFORMATION ONLY · WE DO NOT ACCEPT OR PROCESS IPO APPLICATIONS · ONE LOT ALREADY EXCEEDS THE RETAIL CEILING ON THIS ISSUE
THE TIMETABLE · FOUR STOPS
THE JOURNEY.
OPENS
27 AUG 26
✓ STOP CLEARED
CLOSES
31 AUG 26
✓ STOP CLEARED
ALLOTMENT
01 SEPT 26
NEXT STOP
LISTING
03 SEPT 26
SCHEDULED
ANCHOR BIDDING25 AUG 26REFUNDS INITIATED02 SEPT 26SHARES IN DEMAT02 SEPT 26ANCHOR LOCK-IN ENDS · 30 DAY01 OCT 26ANCHOR LOCK-IN ENDS · 90 DAY30 NOV 26
TIMETABLE AS FILED · DATES CAN MOVE · CONFIRM AGAINST THE OFFICIAL RHP AND THE REGISTRAR
THE BOOKING SHEET · SUBSCRIPTION

HOW FULL THE BUS GOT.

OVERALL SUBSCRIPTION289×
QIB224.32×
NII318.53×
SMALL HNI260.11×
BIG HNI347.74×
RETAIL313.18×
THE CENTRE TICK = 1× · BUS FULL · SUBSCRIPTION FIGURES AS REPORTED BY THE EXCHANGES · TIMES THE ISSUE · INFORMATION ONLY
THE GREY MARKET · UNOFFICIAL

WHAT THE CHATTER IMPLIES.

INDICATIVE LISTING PRICE
₹168
UPPER BAND ₹90
GMP +₹78 (+86.67%)
RECORDED 02 SEPT 2026, 21:58 IST
This is a calculation, not a forecast or an investment recommendation. GMP is unofficial grey-market chatter — it is not a quote from any exchange, it changes through the day and it frequently does not match the eventual listing price.
THE MANIFEST · ISSUE STRUCTURE

HOW THE ISSUE IS BUILT.

FACE VALUE
₹10
ISSUE TYPE
BOOK BUILD ISSUE
FRESH ISSUE
₹38.51 CR
42,78,400 SHARES
OFFER FOR SALE
₹9.72 CR
10,80,000 SHARES
TOTAL SHARES OFFERED
53,58,400

The two legs send the money to different places: a fresh issue raises new capital for the company, while an offer for sale is existing shares being sold by existing shareholders, whose proceeds go to those sellers and not to the company.

FIGURES AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
THE SEATING PLAN · CATEGORY RESERVATION

WHO GETS WHICH SEATS.

ANCHOR INVESTOR
16,03,200
SHARES
QIB
10,70,400
Not more than 50% of the Net Offer
NII (HNI)
8,06,400
Not less than 15% of the Net offer
SNII
2,68,800
SHARES
BNII
5,37,600
SHARES
RETAIL
18,78,400
Not less than 35% of the Net offer
MARKET MAKER
2,83,200
SHARES
53,58,400 SHARES ACROSS ALL CATEGORIES · CATEGORY SPLIT AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
THE GAUGES · VALUATION AND RETURNS

ON THE DASHBOARD.

EPS · PRE-ISSUE
8
EPS · POST-ISSUE
6.3
P/E RATIO
11.25
P/E · POST-ISSUE
14.29
RONW
30.68%
ROCE
38.15%
ROE
45.34%
PAT MARGIN
13.16%
EBITDA MARGIN
18.84%
PRICE / BOOK
5.44
NAV PER SHARE
₹16.53
DEBT / EQUITY
0.12
MARKET CAP
₹192.93 CR
FIGURES STATED AS OF 31 MAR 2025 · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · A REPORTED RATIO IS NOT A VIEW ON VALUE · CONFIRM AGAINST THE OFFICIAL RHP
THE LOGBOOK · REPORTED FINANCIALS

THE RUNNING RECORD.

INR CR31 MAR 2431 MAR 2531 MAR 26
ASSETS19.1946.7960.53
TOTAL INCOME30.2665.08105.8
PROFIT AFTER TAX2.838.5613.51
EBITDA5.4512.2519.06
NET WORTH9.8627.941.41
RESERVES AND SURPLUS7.9325.7924.53
TOTAL BORROWING3.243.26
AMOUNTS IN INR CR · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · CONFIRM AGAINST THE OFFICIAL RHP
WHERE THE FARE GOES · OBJECTS OF THE ISSUE

WHAT THE MONEY IS FOR.

OBJECT OF THE ISSUEINR CR
Funding the working capital requirements of the Company31.42
General Corporate Purposes4.65
Issue Expenses4.99
INR CR 41.06 ALLOCATED IN TOTAL · OBJECTS AND AMOUNTS AS PUBLISHED FOR THIS ISSUE · AN OBJECT WITH NO AMOUNT AGAINST IT IS SHOWN AS PUBLISHED · CONFIRM AGAINST THE OFFICIAL RHP
ABOUT THIS SERVICE

Kwick Forensic Solutions Limited provides products, equipment, and technology solutions across forensic science, fingerprint analysis, cyber and digital forensics, DNA forensics, social media analytics, and big data analytics. Its offerings cater primarily to law enforcement, forensic laboratories, and academic institutions. Product Portfolio: Forensic Science & Evidence Kits: Fingerprint, footprint, impression, evidence collection, ballistics, and crime scene documentation equipment. Mobile Crime Scene Investigation Vehicles: Fully equipped mobile forensic laboratories, forensic vans, and motorcycles fitted with scientific equipment. Cyber & Digital Forensics: Hardware and software for extracting, preserving, and analysing digital evidence from mobile devices, computers, and social media platforms. DNA Forensics: DNA collection kits, sexual assault evidence kits, genetic analysers, and DNA database solutions. The company also provides handheld forensic scanners through rental and sub-lease arrangements. Its customers include police departments, forensic laboratories, fingerprint bureaus, crime investigation units, police academies, and universities offering forensic science programmes. Sales are conducted through the Government e-Marketplace (GeM), government portals, direct quotations, and referrals. Key Strengths: Strategic partnerships with global forensic and technology companies, including Sirchie, Thermo Fisher Scientific, Invitrogen, and Rapiscan Systems. Focus on quality assurance and compliance with relevant quality certifications. Presence in specialised and niche forensic technology segments.

THE CREW · WHO IS RUNNING THIS SERVICE

ON THE ROSTER.

PROMOTERS
NAMES
Shammer Saralal Shah, Sejal Shammer Shah, Tulsidas Hinduja Ashok Kumar
HOLDING PRE-ISSUE
88.54%
HOLDING POST-ISSUE
64.65%
BOOK-RUNNING LEAD MANAGERS
1 APPOINTED
Corporate Capital Ventures Pvt.Ltd.
REGISTRAR TO THE ISSUE
NAME
Bigshare Services Pvt.Ltd.
PHONE
8657578989/8069219065/8069219060
THE COMPANY
PHONE
8807110249
REGISTERED OFFICE
New No 12 Old No 11 East Park Road, Shenoy Nagar, Chennai, Tamil Nadu, 600030
DETAILS AS PUBLISHED FOR THIS ISSUE · ALLOTMENT IS HANDLED BY THE REGISTRAR, NOT BY BUYUNLISTEDSHARES · WE NEVER ASK FOR PAN OR APPLICATION DETAILS
THE ENQUIRY DESK · QUESTIONS

COMMON QUESTIONS.

What is the Kwick Forensic Solutions IPO price band?+

The indicative price band is ₹90 per share. The binding terms are the ones in the Red Herring Prospectus (RHP).

What is the lot size of the Kwick Forensic Solutions IPO?+

One lot is 1600 shares. At the upper band of ₹90, one lot works out to ₹1,44,000.

When does the Kwick Forensic Solutions IPO open and close?+

The issue opened on 27 Aug 2026 and closed on 31 Aug 2026. Dates can move — the registrar and the exchange notices are the record.

When is the Kwick Forensic Solutions IPO allotment?+

Allotment is scheduled for 01 Sept 2026. The basis of allotment is published by the registrar to the issue. BuyUnlistedShares does not accept, process or track IPO applications.

When does Kwick Forensic Solutions list?+

Listing is scheduled for 03 Sept 2026 on BSE SME.

Where will Kwick Forensic Solutions be listed?+

Kwick Forensic Solutions is proposed for listing on BSE SME. It is an SME issue, so it trades on the SME platform.

How large is the Kwick Forensic Solutions IPO?+

The issue size is ₹50.77 Cr — a fresh issue of ₹38.51 cr and an offer for sale of ₹9.72 cr. Figures are indicative and subject to the RHP.

What is the difference between the fresh issue and the offer for sale in the Kwick Forensic Solutions IPO?+

Money raised through the fresh issue goes to the company, which spends it on the purposes set out in the offer document. Money raised through the offer for sale goes to the shareholders who are selling, not to the company. That is a fact about how the issue is structured, not a view on it.

What is the grey market premium (GMP) for the Kwick Forensic Solutions IPO?+

The last GMP we recorded is +₹78 (+86.67%), as at 02 SEPT 2026, 21:58 IST. GMP is unofficial grey-market chatter. It is not a quote from any exchange, it is not a price anyone is obliged to honour, it moves through the day and it often does not match the eventual listing price. We publish it as information only.

What listing price does the GMP imply for Kwick Forensic Solutions?+

Adding the last recorded GMP to the upper band gives ₹168. That is a calculation, not a forecast or an investment recommendation, and it is built on an unofficial grey-market figure.

How was the Kwick Forensic Solutions IPO subscribed?+

The issue was subscribed 289× overall. By category: qib 224.32×, nii 318.53×, small hni 260.11×, big hni 347.74×, retail 313.18×. Subscription figures are as reported by the exchanges.

Who is the registrar for the Kwick Forensic Solutions IPO?+

The registrar to the issue is Bigshare Services Pvt.Ltd. (8657578989/8069219065/8069219060), ipo@bigshareonline.com.

Where can I check the Kwick Forensic Solutions IPO allotment status?+

Allotment status is published by the registrar on its own official portal: https://ipo.bigshareonline.com/IPO_Status.html. Use the registrar's site directly — BuyUnlistedShares does not ask for PAN, application numbers or any other applicant detail.

What is the P/E ratio of the Kwick Forensic Solutions IPO?+

The P/E ratio on file for this issue is 11.25, and the post-issue P/E is 14.29, stated as of 31 Mar 2025. A reported ratio is not a view on value.

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PRE-IPO STOCK ONLY · WE DO NOT ACCEPT IPO APPLICATIONS
Dates, price band, lot size, issue size and subscription figures are indicative and subject to the official Red Herring Prospectus (RHP). Application amounts shown in the fare table are arithmetic on the lot size and the upper band against SEBI's category thresholds — they are not an application facility and we do not accept IPO applications. GMP is unofficial grey-market chatter that changes daily — not a target, not a quote and not a recommendation. This page is information only: it is not an offer to deal and not investment advice. BuyUnlistedShares provides information and research, not buy/sell recommendations. All IPOs carry market risk — read the RHP and assess suitability before applying.
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TODAY'S INDICATIVE PRICES — PARAG PARIKH FINANCIAL ADVISORY SERVICES LIMITED ₹20,400 · CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED ₹10,400 · HDFC SECURITIES LIMITED ₹7,990 · NATIONAL STOCK EXCHANGE (NSE) ₹1,985 · BOAT (IMAGINE MARKETING LIMITED) ₹895 · CHENNAI SUPER KINGS (CSK) ₹249 · BIRA 91 (B9 BEVERAGES LIMITED) ₹82 · ZEPTO ₹33 · ORAVEL STAYS (OYO ROOMS) ₹24.5 · HUTTI GOLD MINES COMPANY LIMITED ₹1,19,838 — INDICATIVE, NOT AN OFFER TO DEAL —TODAY'S INDICATIVE PRICES — PARAG PARIKH FINANCIAL ADVISORY SERVICES LIMITED ₹20,400 · CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED ₹10,400 · HDFC SECURITIES LIMITED ₹7,990 · NATIONAL STOCK EXCHANGE (NSE) ₹1,985 · BOAT (IMAGINE MARKETING LIMITED) ₹895 · CHENNAI SUPER KINGS (CSK) ₹249 · BIRA 91 (B9 BEVERAGES LIMITED) ₹82 · ZEPTO ₹33 · ORAVEL STAYS (OYO ROOMS) ₹24.5 · HUTTI GOLD MINES COMPANY LIMITED ₹1,19,838 — INDICATIVE, NOT AN OFFER TO DEAL —