Kwick Forensic Solutions came to market through an SME IPO that opened on 27 August 2026 and closed on 31 August 2026, and the shares listed on 3 September 2026 on BSE SME. The price band was ₹85 to ₹90 per share and one lot was 1600 shares, so the minimum application was ₹1,44,000. The issue size was ₹50.77 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹150, a gain of 66.7% against the issue price of ₹90. Bigshare Services Pvt.Ltd was the registrar to the issue, and Corporate Capital Ventures Pvt.Ltd was the lead manager.
As of 31 August 2026.
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Overall the issue was subscribed 289.07 times.
Incorporated in March 2005, Kwick Forensic Solutions Limited (formerly Kwick Soft Solutions Private Limited) specializes in offering forensic science, evidence management, cyber and digital forensics, DNA forensics and law enforcement solutions in India. Initially, the Company started with software development activities such as 3D rendering, animation, and simulations. It later diversified into forensic science and training technologies.
Since financial year 2015, the Company has been developing and supplying end-to-end forensic products, solutions, tools, and technologies for crime scene investigations, fingerprint science, cyber/digital forensics, social media analytics and evidence management. Kwick Forensic Solutions Limited provides a variety of forensic products and services including fingerprints and physical evidence kits, evidence collection kits, Mobile Crime Scene Investigation Vehicles, digital forensic tools, DNA forensic solutions, handheld forensic devices, and forensic equipment rentals.
The Company also provides demonstration services, operating training, installation and post-delivery support. The customers of the Company include police departments, central and state forensic laboratories, fingerprint bureaus, crime investigation departments, police training institutes, universities and other government and private institutions. The Company procures products from OEMs both international and domestic. The Company has progressively increased its domestic sourcing of products.
R&D and Quality management resources are some of the strengths of the Company, which includes the branch office used in research and development, demonstration and Proof of Concept Forensic Laboratory work. The Company’s Quality management systems are based on certifications including ISO 9001:2015, ISO 14001:2015, ISO/IEC 20000-1:2018 and ISO/IEC 27001:2022 and registrations with MSME, DSIR and NSIC.
As at 31st July 2026, the Company had 33 Employees in its payrolls and 12 Contracted Employees, all engaged in various departments such as Administration, Finance, Legal & Compliance,
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Kwick Forensic Solutions Limited finalised its anchor investor allocation on August 25, 2026, raising ₹14.43 crore from 10 institutional investors at an anchor price of ₹90 per share. The anchor book comprises 16,03,200 equity shares, with no participation from domestic mutual funds, life insurance companies, or pension funds.
The allocation was led by Bharat Venture Opportunities Fund at 18.76%, followed by Finavenue Capital Trust – Finavenue Growth Fund at 15.97%, CP Capital Limited at 12.97%, and Tiger Strategies Fund – I at 10.38%. The remaining allocation was distributed evenly among six investors — CCV Emerging Opportunities Fund, Vikasa India EIF I Fund, Hem Growth Opportunities Fund, Smart Horizon Opportunity Fund, Steptrade Revolution Fund II, and Lighthouse Canton Special Opportunities Fund — each receiving 6.99% of the anchor portion.
Shammer Saralal Shah, Sejal Shammer Shah, Tulsidas Hinduja Ashok Kumar. Promoter holding 88.54% before the issue and 64.65% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Kwick Forensic Solutions IPO was a ₹50.77 crore book-built issue, comprising a fresh issue of ₹41.05 crore and an offer for sale of ₹9.72 crore. It was priced at ₹85–₹90 per share with a lot size of 1,600 shares; the minimum retail application was 3,200 shares (₹2,88,000). The IPO was open from August 27 to August 31, 2026 and was subscribed 289.07x.
Shares listed on BSE SME on September 3, 2026 at ₹150, a 66.7% premium to the issue price of ₹90. Bigshare Services Pvt. Ltd. is the registrar. Corporate Capital Ventures Pvt. Ltd. is the book running lead manager.
The price band of Kwick Forensic Solutions IPO is ₹85 to ₹90 per share.
The lot size of Kwick Forensic Solutions IPO is 1600 shares.
The minimum investment for Kwick Forensic Solutions IPO is approximately ₹2,88,000 based on the upper price band.
The allotment date of Kwick Forensic Solutions IPO is Sep 1, 2026.
No GMP quote could be verified as recorded before Kwick Forensic Solutions IPO listed. A grey-market observation of ₹65 per share was recorded on 3 Sep 2026, 6:30 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹150. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Kwick Forensic Solutions IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Kwick Forensic Solutions IPO allotment status on Rupix for quick and easy access.
₹85 to ₹90 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,44,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,44,000, for one lot of 1600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 27 August 2026 and closed on 31 August 2026.
The basis of allotment was published on 1 September 2026 by Bigshare Services Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 3 September 2026 on BSE SME, opening at ₹150.
The issue size was ₹50.77 crore. The fresh issue was 45,61,600 shares (aggregating up to ₹41.05 crore). The offer for sale was 10,80,000 shares (aggregating up to ₹9.72 crore).
It listed at ₹150 against an issue price of ₹90, a gain of 66.7 percent on listing day.