Kwick Forensic Solutions IPO: Revenue Surges to ₹105 Cr
By ThePip DeskKwick Forensic Solutions files DRHP for SME IPO, reporting a massive revenue jump to ₹105.71 crore by FY2026. Discover IPO details and business growth.
Kwick Forensic Solutions Limited has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an SME IPO. The Chennai-based forensic sciences provider saw revenue climb to ₹105.71 crore in FY2026.
This marks a significant jump from ₹30.18 crore in FY2024. Profit After Tax (PAT) also increased, from ₹2.83 crore to ₹13.51 crore over the same period.
IPO Schedule & Funding
- Opening Date: August 27, 2026
- Closing Date: August 31, 2026
- Allotment Date: September 1, 2026
- Listing Date: September 3, 2026
The company plans to use net proceeds primarily for working capital, earmarking ₹31.42 Crore for this purpose. General corporate purposes will also receive funds.
Business Profile
Incorporated in 2005, Kwick Forensic Solutions pivoted to forensic sciences in FY2015. They offer end-to-end solutions in areas like fingerprint science, cyber/digital forensics, social-media analytics, and big-data analytics.
Their client base spans both government and private sectors across India, including police departments and forensic laboratories. Kwick Forensic Solutions holds multiple international quality certifications and strong OEM relationships.
Key Investor Risks Identified
- Customer Concentration: Top 5 customers contributed 58.04% of FY2026 revenue.
- Government Dependence: Government entities accounted for 55.22% of FY2026 revenue, exposing the company to policy changes.
- Geographic Concentration: Gujarat and Bihar contributed approximately 38.41% of total revenue.
- Valuation Challenge: No direct listed competitors offer similar end-to-end solutions, making peer comparison difficult.
The company has also incurred compliance penalties in recent years, an additional factor for investors to consider.