Kwick Forensic Solutions SME IPO Details
SME
Upcoming
Kwick Forensic Solutions supplies forensic science products and technology to police and government agencies, covering fingerprint and evidence collection kits, mobile crime scene vans, cyber and digital forensics tools and DNA forensics. It sells mainly through GeM and other government portals.
Open
27 Aug
2026
Close
31 Aug
2026
Allotment
01 Sep
2026
Listing
03 Sep
2026
IPO Review
Coming Soon
IPO GMP
₹ 0
(--)
IPO Subscription Subscription
--
IPO Summary
IPO Dates
27 to 31 Aug, 2026
Price Band
TBA
Face Value
₹TBA
Lot Size
TBA Shares
Issue Size
TBA
Listing On
BSE SME
Min Investment
TBA
What is the Kwick Forensic Solutions IPO Timetable?
Track the IPO schedule and key events.
| Event | Date | Day |
|---|---|---|
| IPO Open Date | 27 Aug, 2026 Thu | Thursday |
| IPO Close Date | 31 Aug, 2026 Mon | Monday |
| Basis of Allotment | 01 Sep, 2026 Tue | Tuesday |
| Refunds Initiated | 02 Sep, 2026 Wed | Wednesday |
| Credit to Demat | 02 Sep, 2026 Wed | Wednesday |
| Listing Date | 03 Sep, 2026 Thu | Thursday |
About Kwick Forensic Solutions
Kwick Forensic Solutions supplies the products, tools and technology used in forensic science. Its work covers fingerprint analysis, cyber and digital forensics, social media analytics and big data analytics.
On the product side it sells forensic and physical evidence kits, including fingerprint kits, footprint and impression kits, evidence collection kits, ballistics kits and crime scene documentation equipment. It supplies Mobile CSI vehicles, which are fully equipped forensic vans and mobile laboratories, and even motorcycles fitted with scientific kits. It also sells cyber and digital forensic tools used to take out, preserve and study digital evidence from mobiles and computers, and DNA forensic products such as DNA sample collection kits and genetic analysers. On the service side it rents out handheld scanners.
Its customers are mainly government bodies, including police stations, state and central forensic laboratories, fingerprint bureaus, crime investigation departments, police training academies and universities that teach forensic science. Most sales are made through the Government e-Marketplace and other government portals, along with direct quotations and referrals. It has tie ups with global suppliers including Sirchie of the USA, Thermo Fisher Scientific, Invitrogen and Rapiscan Systems.
On the product side it sells forensic and physical evidence kits, including fingerprint kits, footprint and impression kits, evidence collection kits, ballistics kits and crime scene documentation equipment. It supplies Mobile CSI vehicles, which are fully equipped forensic vans and mobile laboratories, and even motorcycles fitted with scientific kits. It also sells cyber and digital forensic tools used to take out, preserve and study digital evidence from mobiles and computers, and DNA forensic products such as DNA sample collection kits and genetic analysers. On the service side it rents out handheld scanners.
Its customers are mainly government bodies, including police stations, state and central forensic laboratories, fingerprint bureaus, crime investigation departments, police training academies and universities that teach forensic science. Most sales are made through the Government e-Marketplace and other government portals, along with direct quotations and referrals. It has tie ups with global suppliers including Sirchie of the USA, Thermo Fisher Scientific, Invitrogen and Rapiscan Systems.
Objects of the Issue
| Issue Object | Estimate Amount |
|---|---|
| Funding the Working Capital requirement of our Company | ₹48.00 Cr. |
| General Corporate Purposes |
Issue Object
Funding the Working Capital requirement of our Company
Estimate Amount
₹48.00 Cr.
Issue Object
General Corporate Purposes
Estimate Amount
Strengths & Risks
Strengths
- ✓ Sales have grown fast, from Rs 20.40 crore in FY2023 to Rs 30.26 crore in FY2024 and Rs 65.08 crore in FY2025.
- ✓ Profit after tax grew from Rs 1.74 crore in FY2023 to Rs 2.83 crore in FY2024 and Rs 8.56 crore in FY2025.
- ✓ The company carries very little debt. Total borrowing was Rs 3.26 crore against a net worth of Rs 27.90 crore as on 31 March 2025.
- ✓ It works in a niche area. Forensic equipment is a specialised field with fewer suppliers than general trading lines.
- ✓ It has tie ups with established global names including Sirchie of the USA, Thermo Fisher Scientific, Invitrogen and Rapiscan Systems.
- ✓ Its customers are government bodies such as police departments and forensic laboratories, where payment risk is low even if payment is slow.
- ✓ Demand is supported by the push to modernise policing and by forensic evidence requirements under the new criminal laws.
- ✓ It earns from both product sales and equipment rentals rather than from one stream only.
Risks
- ⚠ The price band, issue size and lot size for this issue have not been announced yet, so the valuation cannot be judged at this stage.
- ⚠ The financial data available is only up to FY2025, ending 31 March 2025, so there is no FY2026 figure for an issue opening in August 2026.
- ⚠ Almost the whole business depends on government buyers. Government orders come through tenders, are lumpy and can be delayed or cancelled by budget decisions.
- ⚠ Selling mainly through the Government e-Marketplace means competing largely on price, which puts pressure on margin.
- ⚠ The company depends on tie ups with foreign suppliers such as Sirchie, Thermo Fisher Scientific and Rapiscan. If any of these arrangements ends, the product range would be affected.
- ⚠ A large part of the business is reselling imported equipment, which brings currency risk and import dependence.
- ⚠ Government customers usually pay slowly, which blocks working capital. The stated object of the issue is Rs 48 crore for working capital, which shows how much money the business ties up.
- ⚠ This is an SME issue, and SME shares usually trade in low volume after listing.
Company Financials
The Kwick Forensic Solutions company's financial performance (in ₹ Cr.) is summarized below:
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 46.79 | 19.19 | 13.29 |
| Total Income | 65.08 | 30.26 | 20.40 |
| Profit After Tax | 8.56 | 2.83 | 1.74 |
| EBITDA | 12.25 | 5.45 | 3.34 |
| NET Worth | 27.90 | 9.86 | 3.83 |
| Reserves and Surplus | 25.79 | 7.93 | 3.50 |
| Total Borrowing | 3.26 | 3.24 | 6.15 |
IPO Reservation
| Investor Category | Reservation |
|---|---|
| QIB | Not more than 50% of the Net Offer |
| Retail | Not less than 35% of the Net offer |
| NII | Not less than 15% of the Net offer |
Promoters and Shareholding Details
Shammer Saralal Shah, Sejal Shammer Shah and Tulsidas Hinduja Ashok Kumar
Promoter holding details will be updated as soon as they are officially announced.
Frequently Asked Questions
What is the GMP of Kwick Forensic Solutions?
The current Grey Market Premium (GMP) of Kwick Forensic Solutions is ₹ 0.
What is the Kwick Forensic Solutions IPO Price Band?
The price band for Kwick Forensic Solutions IPO is TBA.
When is the Kwick Forensic Solutions IPO Allotment?
The allotment date for Kwick Forensic Solutions IPO is September 1, 2026.
How to check Kwick Forensic Solutions IPO Allotment Status?
You can check the allotment status on the IPO Allotment Status page or on the registrar's website (Bigshare Services Private Limited).
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