Kwick Forensic Solutions IPO: GMP, Price, Dates, Financials, Strengths & Risks

Kwick Forensic Solutions IPO: GMP, Price, Dates, Financials, Strengths & Risks

Kwick Forensic Solutions IPO is attracting investor attention because of its strong financial growth and high grey market premium. The SME IPO opened for subscription on August 27, 2026, and will close on August 31, 2026.

The company has fixed the price band at ₹85 to ₹90 per share and plans to raise around ₹50.77 crore through a combination of fresh issue and offer for sale. The shares are proposed to list on the BSE SME platform on September 3, 2026.

Kwick Forensic Solutions IPO Overview

Particular	Details
Company	Kwick Forensic Solutions Ltd
IPO Type	SME IPO
Open Date	August 27, 2026
Close Date	August 31, 2026
Price Band	₹85–₹90
Lot Size	3,200 Shares
Minimum Investment	₹2,88,000
Issue Size	₹50.77 Crore
Fresh Issue	₹41.05 Crore
Offer for Sale	₹9.72 Crore
Allotment Date	September 1, 2026
Listing Date	September 3, 2026
Listing Platform	BSE SME
Registrar	Bigshare Services Ltd

Kwick Forensic Solutions IPO GMP Today

The Kwick Forensic Solutions IPO GMP has remained strong in the grey market. Recent reports indicate a GMP of around ₹64 per share, which represents an indicative premium of about 71% over the upper price band of ₹90.

If the ₹64 GMP remains unchanged, the estimated listing price could be around ₹154 per share.

Key Strengths

Strong financial growth: Revenue and PAT have grown sharply over the past three years.
Niche business: The company operates in specialised forensic, cyber and digital forensic solutions.
Government relationships: It has established relationships with government departments and law-enforcement agencies.
Strong returns: FY2026 ROCE stood at 44.88% and ROE at 38.98%.

Key Risks

Government dependence: A significant part of the business depends on government customers.
Geographic concentration: Business exposure to states such as Bihar and Gujarat creates regional risk.
Supplier dependence: Limited suppliers could affect operations if supply disruptions occur.
Working capital: The business requires significant working capital for inventory and receivables.

Also Read: How to Analyse a Stock Before Investing? A Simple Guide for Beginners

Kwick Forensic Solutions IPO Subscription Status

The IPO has received strong interest from investors. According to available subscription data, the issue was subscribed 6.98 times overall, with the retail portion subscribed 13.17 times and the NII portion 3.17 times.

Investors should check the final subscription figures after the IPO closes because demand can change during the remaining bidding period.

Kwick Forensic Solutions Financial Performance

Particulars	FY2024	FY2025	FY2026
Revenue	₹30.26 Cr	₹65.08 Cr	₹105.80 Cr
EBITDA	₹5.45 Cr	₹12.25 Cr	₹19.06 Cr
Profit After Tax (PAT)	₹2.83 Cr	₹8.56 Cr	₹13.51 Cr
EPS	₹8.57	₹5.41	₹8.00
NAV	₹6.39	₹16.53	₹24.54
ROE	41.43%	45.34%	38.98%
ROCE	39.07%	38.15%	44.88%
Debt-to-Equity	0.33x	0.12x	0.00x
PAT Margin	9.39%	13.16%	12.78%

Conclusion

The Kwik Forensic Solutions- IPO shows strong revenue and profit growth along with a specialised forensic technology business. Its government clientele and diversified products are key positives, while supplier dependence and working-capital needs remain important risks. Investors should consider the company’s valuation, financials and risks rather than relying only on GMP before investing.