Kwick Forensic Solutions SME IPO: Cyber Security Moat, 30% GMP & Lot Review
A ₹24 Cr SME digital forensics issue carrying a 30% grey market premium. Full analysis of cyber security software demand, lot size math, and key risks.
The IPO this covers
ListedKwick Forensic Solutions IPO · SME
- GMP
- ₹78 (+86.67%)
- Price band
- ₹85 – ₹90
- Lot size
- 1600 shares
- Bidding
- 27 Aug – 31 Aug
View live GMP, subscription & allotment dates →
* Info is indicative, not an investment advice.This analysis reviews the official Red Herring Prospectus (RHP), historical peer valuations, current exchange subscription trends, and grey market premium indicators. All figures are verified against official BSE, NSE, and SEBI regulatory filings.
Digital forensics and cyber security hardware provider Kwick Forensic Solutions Limited is opening its ₹24 Crore SME IPO on 27 August 2026 with a price band of ₹85 to ₹90 per share.
With grey market premiums indicating a ~30% listing gain, this SME issue is attracting interest from specialized tech investors.
1. Issue Overview
| Parameter | Value |
|---|---|
| Price Band | ₹85 to ₹90 per share |
| Lot Size | 1,600 Shares |
| Minimum Retail Application | ₹1,44,000 (1 Lot at cut-off) |
| Issue Size | ₹24 Crore |
| Opens | 27 August 2026 |
| Closes | 31 August 2026 |
| Listing Platform | NSE Emerge (SME) |
2. Business Profile & Financials
Kwick Forensic provides digital evidence extraction tools, mobile forensics hardware, and cyber investigation software to law enforcement agencies, defense departments, and corporate audit firms.
- FY26 Revenue: ₹42 Crore
- FY26 Net Profit (PAT): ₹6.5 Crore
- PAT Margin: ~15.5%
Key Risk & Verdict
While the business operates in a high-demand niche and carries a 30% GMP, investors must note the ₹1.44 Lakh minimum application size and liquidity risk inherent to the SME platform.
Disclaimer: Educational review only. SME issues carry higher market risk.
Authored by IPOSathi Desk
Harshit is the Lead Primary Market Analyst at IPOSathi, tracking Indian initial public offerings, SME platforms, grey market movements, and corporate actions. All research is conducted independently with zero promoter compensation.
Frequently Asked Questions
What is the Kwick Forensic Solutions IPO price band and lot size?+
The price band is ₹85 to ₹90 per share with a lot size of 1,600 shares. One lot costs ₹1,44,000.
What is the GMP of Kwick Forensic Solutions SME IPO?+
The grey market premium is trading around ₹27 per share (~30% over upper band).
Recommended IPO Research & Guides
Dhaval Packaging SME IPO: GMP, Price Band and the Dates That Matter
A small NSE SME issue opening 30 July with a modest grey market premium. The price band, the lot maths, and the SME minimum that catches first-timers out.
G.V.Electricals SME IPO: 17% GMP and a ₹1.3 Lakh Minimum
One of the stronger grey market premiums among the SME issues opening this week - attached, as SME issues always are, to a minimum application most retail investors underestimate.
Credent Connect SME IPO Review: Business Analysis & Lot Economics
Credent Connect N Care is issuing a ₹93.9 crore SME IPO on NSE Emerge. Here is what retail investors need to know about its ₹2.26 lakh minimum lot and healthcare logistics model.
NSE IPO Review & Valuation: Market Monopoly, Derivatives Volume Moat & BSE Comparison
India's exchange monopoly National Stock Exchange (NSE) prepares for its historic public listing. We audit its trading fee moats, SEBI circular impact, and unlisted valuation multiples.