Incorporated in March 2005, Kwick Forensic Solutions Limited (formerly Kwick Soft Solutions Private Limited) is engaged in providing forensic science, evidence management, cyber and digital forensics, DNA forensics and law-enforcement solutions across India. The Company initially focused on software development,
The Company offers a diversified portfolio of forensic products and services, including fingerprint and physical evidence kits, evidence collection kits, Mobile Crime Scene Investigation Vehicles, digital forensic tools, DNA forensic solutions, handheld forensic devices and rental services for forensic equipment. It also provides product demonstrations, operating training, installation and post-delivery technical support. Its customers include police departments, central and state forensic laboratories, fingerprint bureaus, crime investigation departments, police training academies, universities and other government and private-sector institutions. The Company also sources products from international and domestic OEMs and has progressively increased domestic procurement to support supply continuity and cost efficiency.
The Company is supported by R&D and quality-management capabilities, including a branch facility used for R&D, product demonstrations and proof-of-concept forensic laboratory activities. Its quality systems are supported by ISO 9001:2015, ISO 14001:2015, ISO/IEC 20000-1:2018 and ISO/IEC 27001:2022 certifications, along with registrations with MSME, DSIR and NSIC.
As of July 31, 2026, the Company had 33 employees on payroll and 12 employees on contract, with personnel deployed across administration, finance, legal and compliance, operations, R&D, sales and marketing, tendering and management functions.
Strengths
Kwick Forensic Solutions Ltd.’s revenue increased by 63% and profit after tax (PAT) rose by 58% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 60.53 | 46.79 | 19.19 |
| Total Income | 105.80 | 65.08 | 30.26 |
| Profit After Tax | 13.51 | 8.56 | 2.83 |
| EBITDA | 19.06 | 12.25 | 5.45 |
| NET Worth | 41.41 | 27.90 | 9.86 |
| Reserves and Surplus | 24.53 | 25.79 | 7.93 |
| Total Borrowing | 3.26 | 3.24 | |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company | 31.42 |
| 2 | General Corporate Purposes | |
| Total | 31.42 |
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 38.98% | 45.34% |
| ROCE | 44.88% | 38.15% |
| Debt/Equity | 0.12 | |
| RoNW | 32.62% | 30.68% |
| PAT Margin | 12.78% | 13.16% |
| EBITDA Margin | 18.03% | 18.84% |
| NAV | 24.54 | 16.53 |
| Price to Book Value | 5.44 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.00 | 6.30 |
| P/E (x) | 11.25 | 14.29 |
| IPO Date | 27 to 31 Aug, 2026 |
| Listing Date | Thu, Sep 3, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹85 to ₹90 |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 56,41,600 shares (agg. up to ₹51 Cr) |
| Reserved for Market Maker | 2,83,200 shares (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 42,78,400 shares (agg. up to ₹39 Cr) |
| Offer for Sale | 10,80,000 shares of ₹10 (agg. up to ₹10 Cr) |
| Net Offered to Public | 53,58,400 shares (agg. up to ₹48 Cr) |
| Share Holding Pre Issue | 1,68,74,840 shares |
| Share Holding Post Issue | 2,14,36,440 shares |
The promoters of Shammer Saralal Shah, Sejal Shammer Shah and Tulsidas Hinduja Ashok Kumar.
| Share Holding Pre Issue | 88.54% |
| Share Holding Post Issue | 66.06% |
As per our analysis and Based on the information we have, this is the output.
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