Kwick Forensic Solutions IPO
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Kwick Forensic Solutions IPO details
Schedule of Kwick Forensic Solutions
| Issue open date | 27 Aug 2026 |
| Issue close date | 31 Aug 2026 |
| UPI mandate deadline | 31 Aug 2026 (5 PM) |
| Allotment finalization | 01 Sep 2026 |
| Refund initiation | 02 Sep 2026 |
| Share credit | 02 Sep 2026 |
| Listing date | 03 Sep 2026 |
| Mandate end date | 15 Sep 2026 |
| Lock-in end date for anchor investors (50%) | 30 Sep 2026 |
| Lock-in end date for anchor investors (remaining) | 29 Nov 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Kwick Forensic Solutions
Kwick Forensic Solutions provides end-to-end forensic products, solutions, and technologies focused on evidence management for law enforcement across India. The company’s business is segmented into Sales of Goods and Sales of Services. The Sales of Goods division includes Forensic Science & Physical Evidence Solutions, Mobile Crime Scene Investigation (CSI) Vehicles, Cyber & Digital Forensics, and DNA Forensics. Revenue is generated through the supply of a wide range of products, from fingerprint kits and evidence collection tools to fully equipped mobile forensic labs and advanced software for digital and DNA analysis. The Sales of Services segment primarily generates revenue from the rental or subleasing of specialized forensic equipment, such as handheld scanners for liquor detection, bundled with manpower support. The company serves government clients like police departments and forensic laboratories, acquiring them mainly through the Government e-Marketplace (GeM) and other e-procurement portals.
Financials of Kwick Forensic Solutions
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 50.77 |
| Fresh Issue – Proceeds go to the company | 41.05 |
| Offer for sale – Proceeds go to the existing investors | 9.72 |
Utilisation of proceeds
| Purpose | Amount (₹ crores) |
| Funding the working capital requirements of the Company | 31.42 (76.54%) |
| General corporate purposes | 9.63 (23.46%) |
Strengths
- Established tie-ups and strategic relationships with global leaders.
- Strong focus on quality assurance and holds multiple international certifications.
- Operates in niche market segments with high entry barriers.
- Business strategies are aligned with key government priorities and modernization initiatives.
- Experienced in in-house development of evidence collection equipment.
Risks
- Significant revenue concentration from a few states, particularly Bihar and Gujarat.
- Lack of long-term agreements with a majority of customers.
- Heavy reliance on government entities for a substantial portion of revenue.
- Dependence on a limited number of suppliers for raw materials.
- Negative cash flows were experienced in past financial years.
Allotment Status for Kwick Forensic Solutions
To check your IPO allotment status:
- Visit the Bigshare Services IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status
Subscription Figures for Kwick Forensic Solutions
Grey Market Premium (GMP) is an unofficial and unregulated metric that may not accurately reflect investor interest. Instead, investors should refer to the IPO subscription data published by the stock exchanges, which is a more reliable indicator of demand.
Subscription numbers as of 05:00 PM on August 31, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 10.70 | 2401.10 | 224.32x |
| NII | 10.90 | 2571.30 | 235.99x |
| Retail | 18.78 | 5877.25 | 312.89x |
| Total | 40.38 | 10849.65 | 268.66x |