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Kwick Forensic Solutions Ltd
HealthcareIPOSME
₹90 - 90
Kwick Forensic Solutions Limited (formerly Kwick Soft Solutions Private Limited) was incorporated in 2005 by Mr. Shammer Saralal Shah with an initial focus on software development-3D rendering, animation and simulation, serving the construction sector through 3D walkthroughs. In 2008, company identified opportunities for forensic training by developing an Interactive Virtual Reality Crime Scene Simulator for training and proficiency testing of personnel responsible for crime scene management, for development of same, the company has received the substantial support and, funding from the Ministry of Science & Technology, the Directorate of Forensic Science, and TIFAC (Technology Information, Forecasting and Assessment Council).
Lot1,600Min Invest₹2,88,000Face Value₹10Issue Size₹51 CrFresh Issue₹41 CrOffer for Sale₹10 CrListing Price₹150CMP₹165
Timeline
27 Aug
Bidding opens
31 Aug
Bidding closes
1 Sept
Allotment
2 Sept
Refund & demat credit
3 Sept
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹51 Cr0.56 Cr shares
Fresh Issue₹41 Cr
Offer for Sale₹10 Cr
Face Value₹10
Lot Size1,600 shares
ReservationQIB 49.9% · NII 15.05% · RETAIL 35.05%
Application Sizes
Retail₹2,88,0001-1 lots
sNII₹2,88,000from 2 lots
bNII₹10,08,000from 7 lots
Managers & Registrar
Lead ManagerCorporate Capitalventures Pvt Ltd
RegistrarBigshare Services Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrShammer Saralal ShahPRMTR2,16,0001.94Sejal Shammer ShahPRMTR6,48,0005.83Tulsidas Hinduja Ashok KumarPRMTR2,16,0001.94Total10,80,0009.72
Shareholding
CategoryPre IPOPost IPOPromoter Group88.54%64.66%Public11.46%35.34%
Objects of the Issue
- Funding the Working Capital requirement of the company
- General Corporate Purposes
Anchor Book
Bid Date25-Aug-2026
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 4 | 20 | 30 | 65 | 106 |
| Operating ProfitCr | 0 | 3 | 5 | 12 | 19 |
| OPM% | 9.1 | 16.3 | 17.8 | 18.8 | 17.9 |
| PBTCr | 0 | 2 | 4 | 11 | 18 |
| PATCr | 0 | 2 | 3 | 9 | 14 |
| EPS | 4 | 53 | 69 | 43 | 8 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 2 | 2 | 17 |
| ReservesCr | 2 | 4 | 8 | 26 | 25 |
| BorrowingsCr | 1 | 6 | 3 | 3 | 0 |
| Total AssetsCr | 6 | 13 | 19 | 47 | 61 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | -1 | 0 | -3 | 5 | 8 |
| Investing Cash FlowCr | 0 | -1 | 0 | -1 | -3 |
| Financing Cash FlowCr | 0 | 4 | -1 | 8 | -4 |
| Net Cash FlowCr | -1 | 4 | -4 | 12 | 1 |
Strengths & Risks
Strengths · as stated in the DRHP
- Experienced Promoter and management team with strong industry expertise and successful track record.
- Diversified revenue streams.
- Deep relationships with government/law-enforcement clients.
- Long-standing OEM relationships.
- Pan-India presence.
- Highly passionate & focused on Quality Assurance, backed by ISO certifications.
Strategies · as stated in the DRHP
- Scaling Forensic Capabilities in Line with Government Priorities.
- Shift in Legal Framework Towards Digital Evidence Collection and Preservation.
- In-House Development of Evidence Collection Equipment.
- Development of Software pursuant in accordance with the new BNSS 2024.
- Reducing Dependency on Revenue from One or Two States and Expanding Market Presence.
Risks · as stated in the DRHP
- The company's products and services are significantly concentrated in the certain states, particularly Bihar and Gujarat. Any adverse developments in these regions may materially impact its business, financial condition, results of operations, and cash flows.
- The company does not have long-term agreements with a majority of its customers. Any changes or cancellations to its orders or the company's inability to forecast demand for its products may adversely affect the company's business, results of operations and financial condition.
- The company derives majority of its revenue from Sales of Goods and Sales of Services and any reduction in the demand of such segment could have an adverse effect on the company's business, results of operations and financial conditions.
- The average cost of acquisition of Equity Shares by the company's Promoters Selling Shareholders could be lower than the Offer price determined in consultation with Book Running Lead Manager in accordance with the SEBI ICDR Regulations.
- Any delays in filing Advance Tax, EPF, GST returns, TDS Return may lead to regulatory penalties and may have an adverse impact on the company's financial and operational performance.
- The company is dependent on a limited number of suppliers for procurement of its raw materials, and the loss of any one or more of the company's major suppliers would have a material adverse effect on its business operations and profitability.