Archive · 27 Aug 2026
Kwick Forensic Solutions IPO Fully Subscribed on Day One
Kwick Forensic Solutions is selling shares to the public through an IPO.
The IPO received more bids than the number of shares available on its first day.
Retail investors, meaning individual investors, placed the most demand so far.
The shares are priced between ₹85 and ₹90 each.
In the grey market, the shares were being indicated at a premium of ₹64.
That could suggest a listing price of about ₹154, although the final listing price may differ.
The company provides forensic, cyber, digital and DNA investigation products and services.
It plans to use most of the money raised to support its working capital.
Its shares are expected to list on the BSE SME platform on 3 September.
Kwick Forensic Solutions' IPO was subscribed 2.68 times on its first day, with retail investors subscribing 4.88 times.
The ₹50.77 crore issue opened on 27 August and closes on 31 August, with shares priced at ₹85-90 each.
The grey market premium stood at ₹64, indicating an estimated listing price of ₹154, or 71.11% above the upper issue price.
The company plans to use about ₹31.42 crore of IPO proceeds for working capital and the remainder for general corporate purposes.
Kwick Forensic Solutions reported FY26 income of ₹105.80 crore and profit after tax of ₹13.51 crore.
- Who
- Kwick Forensic Solutions and investors participating in its IPO.
- What
- The company's ₹50.77 crore IPO was subscribed 2.68 times on Day 1, led by retail investors.
- When
- The IPO opened on 27 August and is scheduled to close on 31 August; allotment is expected on 1 September and listing on 3 September.
- Where
- The shares are expected to list on the BSE SME platform, while the company serves customers across India.
- Why
- The company is raising funds mainly to strengthen its working capital, with some proceeds reserved for general corporate purposes.
- IPO price band
- ₹85-90 per equity share
- Issue size
- ₹50.77 crore, comprising a fresh issue of 46 lakh shares and an offer for sale of 11 lakh shares
- Day 1 subscription
- 2.68 times overall; retail 4.88 times, NII 1.11 times, and QIBs yet to receive bids at the reported time
- Grey market premium
- ₹64, implying an estimated ₹154 listing price and a 71.11% premium to the upper issue price
- Lot size
- 1,600 equity shares, with bids accepted in multiples of 1,600
- Working capital allocation
- Approximately ₹31.42 crore of the net IPO proceeds
- FY26 performance
- Total income of ₹105.80 crore and profit after tax of ₹13.51 crore