Kratikal Tech IPO
Kratikal Tech IPO Details
-
Open Date
30 Jun 2026
-
Close Date
02 Jul 2026
- IPO Price Range
₹ 128 to ₹135
- IPO Size
₹ 39.69 Cr
Kratikal Tech IPO Timeline
Last Updated: 25 June 2026 5:36 PM by 5paisa
Kratikal Tech Limited is a cybersecurity company that provides cybersecurity products and services to help organisations manage cyber risks and meet regulatory compliance requirements. Its offerings include ThreatCop, a cybersecurity awareness and phishing simulation platform, Vulman, an AI-powered vulnerability assessment and penetration testing (VAPT) platform, along with cloud security, application security, network security, GRC consulting, and managed security services.
The company operates through subsidiaries in the UAE and the USA and generates revenue from software subscriptions, cybersecurity consulting, and managed security services. The IPO proceeds will be used to invest in its overseas subsidiaries for sales and marketing activities, product development, and general corporate purposes.
Established in: November 2013
Managing Director: Mr. Pavan Kumar
Peers:
AAA Technologies Limited
Accedere Limited
Kratikal Tech Objectives
The company proposes to utilise the net proceeds from the IPO for the following purposes:
1. Investment in Threatcop FZ LLC (UAE) and Threatcop AI Inc. (USA), its subsidiaries, for sales & marketing activities and workforce development: ₹23.08 crore
2. Investment in product development: ₹9.23 crore
3. General corporate purposes
Kratikal Tech IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹ 39.69 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹ 39.69 Cr |
Kratikal Tech IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2,000 | ₹2,56,000 |
| Individual investors (IND) (Max) | 2 | 2,000 | ₹2,70,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,84,000 |
| S-HNI (Max) | 7 | 7,000 | ₹9,45,000 |
| B-HNI (Min) | 8 | 8,000 | ₹10,24,000 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 13.02 | 20.85 | 36.72 |
| EBITDA | 3.87 | 5.51 | 9.08 |
| PAT | 3.20 | 3.81 | 6.14 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 9.05 | 15.58 | 30.12 |
| Share Capital | 0.03 | 0.03 | 8.16 |
| Total Liabilities | 2.49 | 4.45 | 6.10 |
| Cash Flows (₹ Crores) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | 4.22 | 4.58 | 2.10 |
| Net Cash Generated From / (used in) Investing Activities | (3.82) | (4.00) | (9.73) |
| Net Cash Generated From / (used in) Financing Activities | 0.02 | (0.04) | 7.56 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 0.42 | 0.54 | (0.06) |
Strengths
1. AI-driven cybersecurity company offering Software-as-a-Service (SaaS)-based cyber risk management solutions.
2. Operates through two integrated business segments: People Security Management (Threatcop) and Technology & Process Security Services.
3. Proprietary cybersecurity platforms, including Threatcop and AutoSecT, provide AI-powered vulnerability management, penetration testing, and cyber risk solutions.
4. Comprehensive service portfolio covering vulnerability assessments, penetration testing (VAPT), red teaming, GRC services, virtual CISO (vCISO), and cybersecurity awareness programs.
Weaknesses
1. The IPO is listed on the BSE SME platform, which may have relatively lower liquidity compared to the main board.
2. The issue consists entirely of a fresh issue, resulting in promoter shareholding declining from 72.58% pre-IPO to 53.36% post-IPO.
3. Retail participation requires a high minimum investment of ₹2,70,000 due to the minimum application size of 2,000 shares.
4. The company has a relatively small workforce of 200 employees as of March 31, 2026, compared to larger cybersecurity firms.
Opportunities
1. Growing demand for AI-driven cybersecurity solutions as organisations increase investments in cyber risk management.
2. Planned investment of ₹23.08 crore in subsidiaries (Threatcop FZ LLC, UAE and Threatcop AI Inc, USA) for sales, marketing, and workforce expansion can strengthen international presence.
3. Investment of ₹9.23 crore in product development can enhance existing cybersecurity platforms and expand solution offerings.
4. Increasing adoption of cybersecurity compliance, vulnerability management, and awareness solutions across industries presents long-term growth opportunities.
Threats
1. The cybersecurity industry is highly competitive and requires continuous innovation to remain relevant.
2. Rapid changes in cyber threats and technologies may require ongoing investment in product development.
3. Dependence on maintaining regulatory certifications and empanelments is important for sustaining credibility.
4. Expansion into international markets may expose the company to execution and operational challenges.
1. Operates in the growing cybersecurity industry with AI-driven SaaS-based cyber risk management solutions.
2. Owns proprietary platforms, Threatcop and AutoSecT, offering integrated cybersecurity products and services.
3. Strong financial growth, with revenue rising 74% and PAT increasing 61% in FY2026 over FY2025.
4. Healthy profitability indicators, including ROE of 34.95%, ROCE of 34.35%, and EBITDA margin of 24.73%.
Kratikal Tech Limited operates in the cybersecurity sector, offering AI-driven SaaS-based cyber risk management solutions along with cybersecurity consulting services. Its integrated business model combines People Security Management through the Threatcop platform with Technology & Process Security Services under the Kratikal brand.
The company serves multiple industries, including BFSI, fintech, telecom, IT/ITES, healthcare, pharmaceuticals, manufacturing, and e-commerce, across both Indian and international markets. Its proprietary platforms, Threatcop and AutoSecT, enable organisations to address cybersecurity risks across people, processes, and technology.
The company's growth strategy is supported by planned investments in its overseas subsidiaries for expanding sales, marketing, and workforce capabilities, as well as investments in product development. Financially, Kratikal Tech has demonstrated strong momentum, reporting a 74% increase in revenue and a 61% increase in PAT in FY2026 over FY2025, supported by healthy profitability ratios and a scalable SaaS business model.
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FAQs
The Kratikal Tech IPO opens for subscription on June 30, 2026, and closes on July 2, 2026.
Kratikal Tech IPO is a Bookbuilding SME IPO with a total issue size of ₹40 crore.
The price band for the Kratikal Tech IPO has been fixed at ₹128 to ₹135 per equity share.
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The IPO lot size is 2,000 shares, requiring a minimum investment of ₹2,56,000.
The basis of allotment for the Kratikal Tech IPO is expected to be finalised on July 3, 2026.
The tentative listing date for the Kratikal Tech IPO is July 7, 2026, on the BSE SME platform.
Beeline Capital Advisors Pvt. . is the Book Running Lead Manager (BRLM) for the Kratikal Tech IPO.
The company plans to utilise the net proceeds from the IPO for investment in Threatcop FZ LLC (UAE) and Threatcop AI Inc. (USA) for sales, marketing, and workforce development activities, investment in product development, and general corporate purposes.