Kwick Forensic Solutions IPO
Healthcare • ₹51cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- Heavy dependence on government or PSU customers
- SME listing with thinner post-listing liquidity
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹27-31
Lot Size
1600 shares
Issue Size
₹51cr
Open
27 Aug 2026
Close
31 Aug 2026
Subscription
144×
GMP +₹78 → est. ₹109
IPO Schedule
| Issue Open Date | 27 Aug 2026 |
| Issue Close Date | 31 Aug 2026 |
| Allotment Date | 01 Sept 2026 |
| Listing Date | 03 Sept 2026 |
About Kwick Forensic Solutions
Kwick Forensic Solutions provides end-to-end forensic products, solutions, and technologies focused on evidence management for law enforcement across India. The company’s business is segmented into Sales of Goods and Sales of Services. The Sales of Goods division includes Forensic Science & Physical Evidence Solutions, Mobile Crime Scene Investigation (CSI) Vehicles, Cyber & Digital Forensics, and DNA Forensics. Revenue is generated through the supply of a wide range of products, from fingerprint kits and evidence collection tools to fully equipped mobile forensic labs and advanced software for digital and DNA analysis. The Sales of Services segment primarily generates revenue from the rental or subleasing of specialized forensic equipment, such as handheld scanners for liquor detection, bundled with manpower support. The company serves government clients like police departments and forensic laboratories, acquiring them mainly through the Government e-Marketplace (GeM) and other e-procurement portals.
Company Details
Founders / Promoters
Mr Shammer Saralal Shah
Founded
2005
Registrar
Bigshare Services Pvt Ltd
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Kwick Forensic Solutions — IPOFins Verdict
QuantitativeDriven by QIB demand at 15.0x and moderate disclosed risk (6/10), Kwick Forensic Solutions listed at a premium of 383.9% to its issue price. SME listings are also thinner and more volatile after listing. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- Established tie-ups and strategic relationships with global leaders.
- Strong focus on quality assurance and holds multiple international certifications.
- Operates in niche market segments with high entry barriers.
- Business strategies are aligned with key government priorities and modernization initiatives.
- Experienced in in-house development of evidence collection equipment.
Score breakdown — what drove this verdict
Moderate risk from DRHP → score -0.4
Institutional subscription → score +2.0
Strong retail interest → score +0.5
Actual listing outcome → score +1.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹31
Listing Price
₹150
Listing Gain/Loss
+383.87%
Listing Date
03 Sept 2026
Price Since Listing
Returns are measured against the ₹31 issue price.
Listing
₹150
+383.9%
Current
₹156.6
+405.2%
Want to buy this stock?
Trade Kwick Forensic Solutions on the secondary market
FAQ
What is the price band of Kwick Forensic Solutions IPO?
The price band is ₹27-31 per share with a lot size of 1600 shares. Minimum investment: ₹49,600.
What does Kwick Forensic Solutions do?
Kwick Forensic Solutions provides end-to-end forensic products, solutions, and technologies focused on evidence management for law enforcement across India. The company’s business is segmented into Sales of Goods and Sales of Services. The Sales of Goods division includes Forensic Science & Physical Evidence Solutions, Mobile Crime Scene Investigation (CSI) Vehicles, Cyber & Digital Forensics, and DNA Forensics. Revenue is generated through the supply of a wide range of products, from fingerprint kits and evidence collection tools to fully equipped mobile forensic labs and advanced software for digital and DNA analysis. The Sales of Services segment primarily generates revenue from the rental or subleasing of specialized forensic equipment, such as handheld scanners for liquor detection, bundled with manpower support. The company serves government clients like police departments and forensic laboratories, acquiring them mainly through the Government e-Marketplace (GeM) and other e-procurement portals.
Should I apply for Kwick Forensic Solutions IPO?
Kwick Forensic Solutions listed at ₹150 (+383.9% premium to the ₹31 issue price) after 144.1x subscription. IPOFins Score 8/10: Driven by QIB demand at 15.0x and moderate disclosed risk (6/10), Kwick Forensic Solutions listed at a premium of 383.9% to its issue price. SME listings are also thinner and more volatile after listing. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded Kwick Forensic Solutions?
Kwick Forensic Solutions was founded by Mr Shammer Saralal Shah in 2005.