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Kwick Forensic Solutions operates in a sector with increasing demand driven by a growing focus on law enforcement and digital security. The company’s diversified product and service offering across physical and digital forensics provides a competitive edge. However, its reliance on government tenders and e-procurement portals could present a degree of cyclicality and dependence on public sector spending. The SME listing indicates a company in its growth phase, and investors should closely monitor its ability to scale operations, manage costs effectively, and navigate the competitive landscape. The relatively small employee count might raise questions about scalability if demand significantly outstrips capacity.
Quick Summary
- Kwick Forensic Solutions is launching its SME IPO from August 27-31, 2026.
- The company offers end-to-end forensic science, crime-scene investigation, and digital evidence management solutions.
- Revenue has shown strong growth, reaching INR 105.71 crore in FY2026.
- The IPO aims to raise funds through a fresh issue and an offer for sale.
Kwick Forensic Solutions is gearing up to launch its Initial Public Offering (IPO) on the BSE SME platform. The offering is scheduled to open on August 27, 2026, and will close on August 31, 2026. This move signals the company’s ambition to expand its footprint in the growing forensic science sector.
The company specializes in forensic science, crime-scene investigation, and digital evidence management. It serves a diverse clientele, including police departments, forensic laboratories, investigation agencies, and government and private sector entities. Kwick Forensic Solutions has built a comprehensive portfolio since FY2015, covering physical evidence collection, mobile crime-scene investigation, cyber forensics, and DNA forensics.
Their product range is extensive. It includes forensic kits, handheld devices, controlled-environment chambers, mobile CSI vehicles, digital forensic tools, DNA collection kits, genetic analysis solutions, and DNA database software. Service revenue is also generated through equipment rental and sub-leasing, often bundled with manpower. In FY2026, product sales formed the bulk of revenue, accounting for 91.08%.
Financially, Kwick Forensic Solutions has demonstrated robust growth. Revenue climbed from INR 30.18 crore in FY2024 to INR 105.71 crore in FY2026. Net income also saw a significant rise, reaching INR 13.51 crore in FY2026. The company’s margins have remained healthy, hovering around 12-13%.
Key IPO Details
- IPO Dates: August 27 31, 2026
- Face Value: INR 10 per share
- Total IPO Size: 56,41,600 shares (Fresh Issue: 45,61,600 shares, Offer For Sale: 10,80,000 shares)
- Listing On: BSE SME
- Lead Manager: CORPORATE CAPITALVENTURES PRIVATE LIMITED
- Registrar: BIGSHARE SERVICES PRIVATE LIMITED
The company’s promoters are Mr Shammer Saralal Shah, Mrs Sejal Shammer Shah, and Mr Tulsidas Hinduja Ashok Kumar. Kwick Forensic Solutions primarily secures business through government e-procurement portals like GeM, direct quotations, and referrals. An increasing focus on domestic sourcing has helped reduce reliance on imports.
As of July 31, 2026, the company has a total workforce of 34 permanent employees and 12 contractual staff. The IPO details, including the issue price and lot size, are yet to be announced.
SWOT Analysis
Strengths
- Comprehensive end-to-end forensic solutions.
- Diverse product and service portfolio.
- Strong revenue growth trajectory.
- Established customer base in government sector.
Weaknesses
- Reliance on government procurement channels.
- Relatively small employee base.
- Specific details like issue price are pending.
Opportunities
- Growing demand for forensic services in India.
- Expansion into new geographical markets.
- Technological advancements in digital forensics.
Threats
- Intense competition from established and new players.
- Regulatory changes in the forensic sector.
- Economic downturn impacting government spending.
Peer Comparison
| Company | Revenue (FY26 Est.) | Net Profit (FY26 Est.) | Market Cap (Est.) |
|---|---|---|---|
| Kwick Forensic Solutions | INR 105.71 Cr. | INR 13.51 Cr. | Coming Soon |
| Euclid | Data Not Available | Data Not Available | Data Not Available |
| Reliance Forensics (Hypothetical Peer) | Data Not Available | Data Not Available | Data Not Available |
Note: Peer comparison is limited due to the specialized nature of the forensic solutions market and lack of readily available listed competitors with similar business models. Data for hypothetical peers is not available.
The IPO will consist of a fresh issue of 45,61,600 shares and an offer for sale of 10,80,000 shares, totaling 56,41,600 shares. The company’s registrars will be BIGSHARE SERVICES PRIVATE LIMITED, and the lead manager is CORPORATE CAPITALVENTURES PRIVATE LIMITED.
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