Kratikal Tech's IPO concluded its subscription process on July 2, 2026, achieving an exceptional response with the issue oversubscribed by over 221 times. The cybersecurity solutions provider's SME IPO received bids for 43.25 crore equity shares against the 21.09 lakh shares on offer, demonstrating unprecedented investor interest. Non-institutional investors subscribed 325 times their allotted quota, while retail investors and QIBs were subscribed 220 times and 145.82 times respectively as of the final day. The company successfully raised ₹39.7 crore from anchor investors by allocating 29.4 lakh shares at ₹128-135 per share.
Share allotment for Kratikal Tech IPO is expected to be finalized on Friday, July 3, 2026. Investors can check their allotment status through multiple channels - on the registrar's website (KFin Technologies) or directly on BSE's official website. The allotment process involves entering either PAN, application number, or demat account details with DPID client ID on the registrar's website, or selecting the equity option, choosing the IPO name, and entering PAN or application number on BSE's website. Successful bidders will receive shares on July 6, with refunds for non-allottees on the same day, following SEBI's T+3 rule for listing on BSE SME on July 7.
Kratikal Tech's grey market premium has moderated to ₹34 on Friday morning, indicating a listing price of ₹175 per share at a premium of 25% over the upper price band of ₹135. This represents a decrease from the previous GMP of ₹40, suggesting some cooling in investor enthusiasm after the exceptional subscription response. According to Livemint, this moderated GMP still indicates strong investor confidence in the AI-driven cybersecurity solutions provider, which serves clients across BFSI, fintech, telecom, and healthcare sectors with revenue growth of approximately 74% in FY26.
Kratikal Tech's financial performance shows consistent growth trajectory with profits increasing from ₹3.20 crore in FY24 to ₹6.14 crore in FY26. The company's revenue from operations demonstrated remarkable expansion, growing from ₹13.02 crore in FY24 to ₹36.72 crore in FY26. India contributed 70.9% of FY26 revenue, while international markets include the UAE (9.6%), USA (8.1%), and Saudi Arabia (5.5%). The company provides Software-as-a-Service (SaaS) cybersecurity solutions through its platform, along with cybersecurity consulting and regulatory compliance services, earning revenue from people security management and technology & process security services.
The SME primary market witnessed significant activity with six companies closing their IPOs on July 2, 2026, with Kratikal Tech leading the performance significantly outperforming other five offerings that witnessed subscription in the range of 1-10 times. These issues collectively aim to raise nearly ₹193 crore and will remain open until July 2. The domestic IPO market witnessed this flood due to upbeat sentiment in stock markets, with the fall in global crude oil prices from record high levels after a peace deal between the US and Iran improving investor sentiment towards domestic markets. Investors are increasingly focusing on company fundamentals, valuations, growth prospects and demand from institutional investors rather than relying solely on listing premium expectations, with the subscription response over the coming days offering further insight into investor appetite for SME offerings.
