Kwick Forensic Solutions Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹90
Per ShareLot Size
1600 Shares
Minimum Investment
₹1,44,000
Issue Size
₹50.77 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.05%
QIB Quota
49.9%
NII Quota
15.05%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Kwick Forensic Solutions Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
88.54%
Promoter Holding (Post-Issue)
64.65%
Issue Type
Book Building - SME
ISIN
INE1SFA01019
About the Company
Kwick Forensic Solutions Limited (formerly Kwick Soft Solutions Private Limited) was incorporated in 2005 by Mr. Shammer Saralal Shah with an initial focus on software development-3D rendering, animation and simulation, serving the construction sector through 3D walkthroughs. In 2008, company identified opportunities for forensic training by developing an Interactive Virtual Reality Crime Scene Simulator for training and proficiency testing of personnel responsible for crime scene management, for development of same, the company has received the substantial support and, funding from the Ministry of Science & Technology, the Directorate of Forensic Science, and TIFAC (Technology Information, Forecasting and Assessment Council).
Industry Overview
Crime scene investigation (CSI) forms the backbone of modern law enforcement, ensuring systematic evidence collection, preservation, and analysis. It combines documentation, identification of physical evidence, and scientific reconstruction of events. With rising crime complexity, CSI now integrates traditional methods such as fingerprinting, ballistics, and trace analysis with advanced tools like digital forensics, DNA profiling, 3D mapping, and AI, enhancing accuracy, reliability, and speed in investigations. India's conviction scenario reflects contrasting trends between IPC and SLL crimes from 2020 to 2022. Conviction rates for IPC offences improved steadily, rising from 27.2% in 2020 to 40.2% in 2022, indicating progress yet highlighting persistent challenges such as case complexity, evidentiary gaps, and prolonged trials. In comparison, SLL crimes consistently recorded higher conviction rates, peaking at 91.1% in 2021 before settling at 82.9% in 2022, largely due to simpler case structures. Overall conviction improved from 42.7% to 57.0%, underscoring stronger case preparation and judicial efficiency, though disparities demand reforms in IPC investigations.
Company History
Our Company was originally incorporated as "Kwick Soft Solutions Private Limited" as a Private Limited Company under the Provisions of the Companies Act, 1956 vide certificate of incorporation dated March 04, 2005 from the Registrar of Companies, Tamil Nadu. Later, the name of the company changed from "Kwick Soft Solutions Private Limited" to "Kwick Integrated Forensic and Investigation Solutions Private Limited" vide Extra Ordinary General Meeting dated May 15, 2024 and fresh certificate of Incorporation issued by Registrar of Companies, Central Processing Centre on July 08, 2024. Later the name of the company changed from "Kwick Integrated Forensic and Investigation Solutions Private Limited" to "Kwick Forensic Solutions Private Limited" vide Extra Ordinary General Meeting dated August 16, 2024 and fresh certificate of incorporation issued by Registrar of Companies, Central Processing Centre on September 16, 2024. Further, pursuant to special resolution passed by the members in the Extra Ordinary General Meeting dated April 07, 2025, the company has converted from Private limited to Public Limited vide certificate of incorporation issued by Registrar of Companies, Central Processing Centre on April 29, 2025. Consequently, the name of company changed from "Kwick Forensic Solutions Private Limited" to "Kwick Forensic Solutions Limited".
Growth Strategy
- Scaling Forensic Capabilities in Line with Government Priorities.
- Shift in Legal Framework Towards Digital Evidence Collection and Preservation.
- In-House Development of Evidence Collection Equipment.
- Development of Software pursuant in accordance with the new BNSS 2024.
- Reducing Dependency on Revenue from One or Two States and Expanding Market Presence.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Public offer of 56,41,600 equity shares of face value of Rs. 10 each ("Equity Shares") of Kwick Forensic Solutions Limited (the "Company" or the "Issuer") for cash at a price of Rs. 90 per equity share (the "Offer Price") aggregating to Rs. 50.77 Crores ("the Offer") comprising of a fresh issue of 45,61,600 equity shares aggregating to Rs. 41.05 Crores (the "Fresh Issue") and an offer for sale of up to 10,80,000 equity shares by Shammer Saralal Shah, Sejal Shammer Shah and Tulsidas Hinduja Ashok Kumar ("the Promoter Selling Shareholders") aggregating to Rs. 9.72 Crores ("Offer for Sale") of which 2,83,200 shares aggregating to Rs. 2.55 Crores will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The public offer less the market maker reservation portion i.e. Net offer of 53,58,400 equity shares aggregating to Rs. 48.23 Crores (the "Net Offer"). The public offer and the net offer will constitute 26.32% and 25.00% respectively of the post issue paid up equity share capital of the company. Price Band: Rs. 90/- per equity share of face value Rs. 10/- each. The floor price is 9.00 times of the face value of the equity shares. Bids can be made for a minimum of 3,200 equity shares and in multiples of 1,600 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Experienced Promoter and management team with strong industry expertise and successful track record.
- Diversified revenue streams.
- Deep relationships with government/law-enforcement clients.
- Long-standing OEM relationships.
- Pan-India presence.
- The company's products and services are significantly concentrated in the certain states, particularly Bihar and Gujarat. Any adverse developments in these regions may materially impact its business, financial condition, results of operations, and cash flows.
- The company does not have long-term agreements with a majority of its customers. Any changes or cancellations to its orders or the company's inability to forecast demand for its products may adversely affect the company's business, results of operations and financial condition.
- The company derives majority of its revenue from Sales of Goods and Sales of Services and any reduction in the demand of such segment could have an adverse effect on the company's business, results of operations and financial conditions.
- The average cost of acquisition of Equity Shares by the company's Promoters Selling Shareholders could be lower than the Offer price determined in consultation with Book Running Lead Manager in accordance with the SEBI ICDR Regulations.
- Any delays in filing Advance Tax, EPF, GST returns, TDS Return may lead to regulatory penalties and may have an adverse impact on the company's financial and operational performance.