Kwick Forensic Solutions IPO Lists at 66.67% Premium on BSE SME

Kwick Forensic Solutions shares made a strong stock market debut on Thursday, September 3, 2026. The stock listed at ₹150 per share on the BSE SME platform, representing a premium of 66.67% over its IPO issue price of ₹90 per share.

The listing followed the company’s IPO, which received strong investor demand and was subscribed 289 times overall. The ₹50.77 crore public issue comprised a fresh issue of 45.62 lakh shares aggregating to ₹41.05 crore and an offer for sale (OFS) of 10.80 lakh shares aggregating to ₹9.72 crore.

Kwick Forensic Solutions had fixed the IPO price at ₹90 per equity share, with each share carrying a face value of ₹10. Beeline Capital Advisors Private Limited served as the book-running lead manager, while Link Intime India Private Limited was appointed as the registrar to the issue.

Kwick Forensic Solutions IPO Listing Details

Kwick Forensic Solutions launched its public issue at an issue price of ₹90 per equity share. The shares subsequently made their stock market debut on the BSE SME platform on September 3, 2026.

The ₹50.77 crore IPO comprised a fresh issue of 45.62 lakh equity shares aggregating to ₹41.05 crore and an offer for sale of 10.80 lakh shares aggregating to ₹9.72 crore.

The IPO witnessed significant investor interest during the subscription period and was subscribed 289 times overall. Beeline Capital Advisors Private Limited acted as the book-running lead manager, while Link Intime India Private Limited served as the registrar to the issue.

• Issue Price: ₹90 per share
• BSE SME Listing Price: ₹150 per share
• Listing Premium: 66.67%
• Fresh Issue: 45.62 lakh shares
• Fresh Issue Size: ₹41.05 crore
• Offer for Sale: 10.80 lakh shares
• OFS Size: ₹9.72 crore
• Total Issue Size: ₹50.77 crore
• Face Value: ₹10 per share
• Overall Subscription: 289 times

First-Day Trading Performance

Listing Price: Kwick Forensic Solutions share price debuted at ₹150 per share on the BSE SME platform against the IPO issue price of ₹90, translating into a listing premium of 66.67%.

Following the listing, the stock was trading at ₹144 as of 10:03 AM on September 3, 2026. At this price, the stock remained 60% above its IPO issue price of ₹90 per share.

The IPO had witnessed strong investor participation during the subscription window, receiving an overall subscription of 289 times.

The ₹50.77 crore public issue included a fresh issue of 45.62 lakh shares worth ₹41.05 crore and an OFS of 10.80 lakh shares worth ₹9.72 crore.

Growth Drivers and Challenges

Growth Drivers

Digital Forensics Demand: Growing digital activity supports forensic service demand.

Cybersecurity Exposure: Operates in the expanding cybersecurity solutions segment.

Diverse Service Portfolio: Offers multiple specialised digital forensic services.

Broad Client Base: Serves government, corporate and legal clients.

Revenue Growth: Revenue increased to ₹48.75 crore in FY26.

Challenges

Specialised Market Exposure: Operations remain concentrated in niche technology services.

Technology Evolution: Rapid technological changes require continuous capability upgrades.

Competitive Industry: Cybersecurity services face evolving market competition.

Client Requirements: Complex forensic assignments require specialised technical expertise.

Execution Risks: Growth requires maintaining service quality while scaling.

Utilisation of IPO Proceeds

Kwick Forensic Solutions raised ₹50.77 crore through its public issue, comprising both a fresh issue and an offer for sale.

The public issue comprised:

• Fresh issue of 45.62 lakh shares aggregating to ₹41.05 crore
• Offer for sale of 10.80 lakh shares aggregating to ₹9.72 crore
• Total IPO size of ₹50.77 crore

The fresh issue component represents capital raised by the company, while proceeds from the OFS component accrue to the selling shareholders.

Business and IPO Overview

Incorporated in 2016, Kwick Forensic Solutions Limited is a technology-driven company operating in digital forensics, cybersecurity and corporate investigation solutions.

The company provides a range of specialised services, including data recovery, digital evidence analysis, mobile forensics, audio-video authentication and cyber incident response.

Kwick Forensic Solutions serves a diverse client base that includes law enforcement agencies, government departments, legal firms and large corporate houses seeking digital security and forensic investigation solutions.

The company reported total revenue of ₹48.75 crore in FY26, compared with ₹32.40 crore in FY25. Profit after tax stood at ₹8.90 crore in FY26.

Kwick Forensic Solutions entered the public markets through a ₹50.77 crore IPO comprising a fresh issue of 45.62 lakh shares worth ₹41.05 crore and an OFS of 10.80 lakh shares worth ₹9.72 crore. The issue price was fixed at ₹90 per equity share, with a face value of ₹10 per share.

The IPO received strong investor participation and was subscribed 289 times overall.

Kwick Forensic Solutions made its stock market debut on September 3, 2026, listing at ₹150 per share on the BSE SME platform against its IPO issue price of ₹90. This represented a listing premium of 66.67%.

Following the listing, Kwick Forensic Solutions shares were trading at ₹144 as of 10:03 AM, remaining 60% above the IPO issue price of ₹90 per share.