Kwick Forensic Solutions made its successful stock market debut on the BSE SME platform today, with shares trading at a strong 75% premium to the issue price. The stock opened at ₹150, representing a 66.67% premium to the IPO price of ₹90, and quickly hit an intraday high of ₹157.50. According to Moneycontrol, the scrip was listed at the upper end of expectations and is currently frozen at its 5% upper circuit limit. The stock saw significant trading activity with about 31.58 lakh shares changing hands at the counter, reflecting strong investor interest in the forensic solutions company.
The IPO witnessed an extraordinary response from investors, with the issue subscribed a staggering 267.09 times overall. As reported by Business Standard, breaking down the subscription figures, the retail portion was subscribed 313.18 times, while non-institutional investors (NIIs) bid for 318.53 times the shares on offer. Qualified institutional buyers (QIBs) also showed strong interest, with their portion subscribed 224.32 times. The ₹50.77 crore IPO comprised a fresh issue of 45.64 lakh shares worth ₹41.05 crore and an offer for sale (OFS) of 10.8 lakh shares aggregating ₹9.72 crore. The price band was set at ₹85–90 per share with a lot size of 1,600 shares. The allotment for the IPO was finalised on September 1, 2026, with bidding starting on August 27, 2026 and closing on August 31, 2026.
The company demonstrated robust financial performance with revenue from operations of ₹105.71 crore and net profit of ₹13.50 crore for the 12-month period ended March 31, 2026. As reported by Moneycontrol, the company reported healthy earnings growth with profit rising 57.8% to ₹13.5 crore in the year ended March 2026, from ₹8.6 crore in the previous year. Revenue during the same period increased 62.6% to ₹105.7 crore from ₹65 crore. Around ₹31.42 crore has been earmarked for working capital requirements, while the remaining funds will be used for general corporate purposes. Kwick Forensic Solutions provides end-to-end products, solutions and technologies for forensic sciences, fingerprint science, cyber and digital forensics, social media analytics and big data analytics, with a focus on Total Evidence Management and law-enforcement solutions. The company serves government and private sector customers across India, including police departments, forensic laboratories, fingerprint bureaus and training institutes, with 34 employees on payroll and 12 contractual employees as of July 31, 2026.
Ahead of the public issue, the company raised ₹14.42 crore from anchor investors during the anchor bidding process conducted on August 25, 2026. According to Business Standard, the board allotted 16.03 lakh shares at ₹90 each to 10 anchor investors. Corporate Capital Ventures Pvt. Ltd. acted as the book-running lead manager for the issue, while Bigshare Services Pvt. Ltd. was appointed as the registrar. The minimum investment requirement for retail investors was ₹2,88,000 (3,200 shares) based on the upper price band, while HNI investors required a minimum investment of ₹4,32,000 (4,800 shares). The IPO opened for subscription on August 27, 2026 and closed on August 31, 2026, with the issue comprising a fresh issue of 45.64 lakh shares and an offer for sale of 10.8 lakh shares by selling shareholders.
