Overview
Updated 12 days agoKwick Forensic Solutions Limited is a provider of forensic science products and services, including forensic kits, mobile forensic vehicles, and cyber/digital forensic tools. The company primarily serves government entities, including police departments and forensic laboratories, and is expanding its presence across India.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,600 | ₹1,44,000 |
| bNII (min) | 7 | 11,200 | ₹10,08,000 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 31 Oct, 16:42 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | BSE |
| Segment | SME |
| Price band | ₹85–90 |
| Final issue price | ₹90.00 |
| Face value | ₹10 per share |
| Lot size | 1,600 shares |
| Minimum investment | ₹1,44,000 |
| Issue size | ₹51.00 Cr |
| Market cap at upper band | ₹193 Cr |
| P/E at upper band | 11.3x |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead managers | Corporate CapitalVentures Private Limited |
| NSE symbol | KWICK |
| ISIN | INE1SFA01019 |
Shareholder quota and promoter holding
Company & business
Incorporated in 2005, Kwick Forensic Solutions Limited (formerly Kwick Soft Solutions Private Limited) provides end-to-end forensic solutions. Its product portfolio includes forensic science and physical evidence solutions, mobile CSI vehicles, cyber and digital forensics, and DNA forensics. The company also offers services such as the rental of forensic equipment and AMC support. It operates primarily through a tender-led business model, serving government and institutional clients. The company has established R&D capabilities and a private forensic laboratory for demonstration purposes. It is currently expanding its geographic reach and diversifying its client base beyond its traditional strongholds in Bihar and Gujarat.
Objects of the issue — how the money will be used
- Funding the Working Capital requirement of our company (₹31.42 Cr)
- General Corporate Purposes
Key strengths
- Experienced promoter and management team with strong industry expertise.
- Diversified revenue streams across four business segments.
- Deep relationships with government and law-enforcement clients.
- Long-standing OEM relationships.
- Pan-India presence.
- Highly focused on quality assurance with multiple ISO certifications.
- Efficient operational team.
Key risks
- Significant geographic concentration in Bihar and Gujarat.
- Lack of long-term agreements with a majority of customers.
- High dependence on a limited number of suppliers for raw materials.
- Negative cash flows in the past.
- High dependence on government entities for revenue.
- Working capital intensive business.
- Trademarks are currently pending registration.
- Reliance on third-party transporters for logistics.
Promoters
Mr. Shammer Saralal Shah, Mrs. Sejal Shammer Shah, Mr. Tulsidas Hinduja Ashok Kumar
Decoded from the RHP with AI on 01-Nov-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 30.18 | -- | 2.83 | 19.19 | 9.86 | 3.24 |
| FY25 | 65.03 | -- | 8.56 | 46.79 | 27.90 | 5.93 |
| FY26 | 105.71 | -- | 13.51 | 60.53 | 41.41 | 0.00 |
Key performance indicators · FY26
Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.