Kwick Forensic Solutions IPO

Kwick Forensic Solutions IPO is a book-built issue worth ₹50.77 crore. The IPO comprises a fresh issue of 0.46 crore shares aggregating to ₹41.05 crore and an offer for sale of 0.11 crore shares aggregating to ₹9.72 crore.

Corporate Capital Ventures Private Limited is the book-running lead manager to the issue, and Bigshare Services Private Limited is the registrar. For detailed information on the company's financials, business operations, and associated risks, investors are advised to refer to the Kwick Forensic Solutions IPO RHP.

About Kwick Forensic Solutions Limited

Kwick Forensic Solutions Limited was originally incorporated as Teckgy Assurance Private Limited and subsequently changed its name to Kwick Forensic Solutions Private Limited in 2024 to reflect its focus on forensic science, digital investigation solutions, and specialised forensic products. The company was later converted into a public limited company and renamed Kwick Forensic Solutions Limited.

The company operates in the forensic science and investigation technology sector, providing forensic products, forensic laboratory solutions, digital and cyber forensic tools, crime scene investigation equipment, mobile forensic vehicles, DNA forensic solutions, and related services. Its customer base primarily includes police departments, forensic science laboratories, government agencies, law enforcement authorities, training institutions, and other public sector organisations.

Kwick Forensic Solutions derives the majority of its revenue from the sale of forensic products and equipment, which contributed over 90% of its revenue in FY2026. The company also generates revenue from forensic and technology-related services, supporting clients across criminal investigations, digital evidence analysis, cybercrime investigations, and forensic infrastructure development.

The company has developed relationships with several domestic and international original equipment manufacturers (OEMs) and supplies specialised forensic technologies sourced from global partners. In addition to distributing forensic products, the company is focused on developing its own technology solutions, including digital forensic platforms, AI-powered judicial assistance solutions, laboratory information management systems, and advanced forensic devices.

Kwick Forensic Solutions’ growth strategy is centred on expanding its presence across India’s forensic and law enforcement ecosystem, strengthening its product portfolio, increasing domestic sourcing, investing in technology-led forensic solutions, and benefiting from the increasing adoption of forensic science under India’s evolving criminal justice framework and forensic modernisation initiatives.

Industry Outlook

• India's forensic science sector is witnessing increased government support through forensic modernisation programmes, police modernisation initiatives, and investments in forensic infrastructure across states.
• The implementation of new criminal laws, including provisions that encourage greater use of forensic evidence in investigations, is expected to drive demand for forensic equipment, forensic laboratories, and digital forensic solutions.
• Rising cybercrime incidents, digital transactions, and technology-enabled offences are creating strong demand for cyber forensics, digital evidence management, and advanced forensic investigation tools.
• Government agencies, police departments, forensic science laboratories, and judicial institutions are increasingly adopting technology-driven solutions to improve investigation efficiency and evidence management.
• Despite growing demand, India's forensic ecosystem continues to face infrastructure gaps, forensic laboratory backlogs, and shortages of trained forensic professionals, creating significant opportunities for specialised solution providers.
• Increased focus on crime scene investigation, DNA analysis, digital forensics, and evidence preservation is supporting demand for forensic products, mobile forensic laboratories, and forensic training solutions.
• The industry remains competitive, with participation from government forensic laboratories, multinational technology providers, private forensic consultancies, and emerging technology-focused forensic companies, making innovation and specialised expertise important differentiators.

Kwick Forensic Solutions IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

• To meet the company's working capital requirements.
• To support inventory procurement required for forensic products, specialised equipment, and project execution activities.
• To fund increasing trade receivables arising from government and institutional customers with extended payment cycles.
• To strengthen the company's ability to execute tender-based projects and large forensic infrastructure assignments.
• To support procurement, integration, installation, and deployment of forensic products and solutions across client locations.
• To enhance operational flexibility by reducing dependence on external borrowings for working capital requirements.
• To meet general corporate purposes and support future business growth initiatives.

Financial Performance of Kwick Forensic Solutions Limited

Strengths and Opportunities of Kwick Forensic Solutions IPO

1. Strong presence in the specialised forensic science and investigation solutions industry.
2. Diversified portfolio covering forensic products, digital forensics, cyber forensics, DNA solutions, crime scene investigation tools, and mobile forensic vehicles.
3. Established relationships with government agencies, police departments, and forensic laboratories across India.
4. Long-standing relationships with international and domestic OEM partners, enabling access to advanced forensic technologies.
5. Growing demand for forensic infrastructure driven by criminal justice reforms and forensic evidence requirements.
6. Increasing opportunities in cyber forensics, digital investigations, and technology-enabled crime detection.
7. Focus on research, product innovation, and development of proprietary forensic software and technology platforms.
8. Rising domestic sourcing levels, which may help reduce import dependence and improve operational efficiency.
9. Opportunity to benefit from government spending on forensic modernisation, police modernisation, and forensic laboratory development.

Risks and Threats of Kwick Forensic Solutions IPO

1. Significant dependence on government agencies and public sector customers, making revenue sensitive to tender awards, budget allocations, and procurement cycles.
2. High customer concentration, with a substantial portion of revenue generated from a limited number of customers.
3. Revenue concentration in the sale of forensic products, which accounted for the majority of revenue in FY2026.
4. Geographic concentration of revenue, particularly from Gujarat and Bihar, exposing the company to regional risks.
5. Reliance on key OEMs and suppliers, creating potential supply chain and product availability risks.
6. Working capital intensive operations with substantial funding requirements for inventory and receivables.
7. Exposure to pending litigations, regulatory matters, and historical compliance issues relating to statutory filings.
8. Dependence on key promoters, senior management personnel, and specialised technical talent for business continuity and growth.
9. Risks related to technology changes, product obsolescence, competitive pressures, contract execution challenges, and performance guarantee obligations.

Kwick Forensic Solutions IPO Reservation

Kwick Forensic Solutions IPO Promoter Holding

The promoters of the company are Shammer Saralal Shah, Sejal Shammer Shah and Tulsidas Hinduja Ashok Kumar

Kwick Forensic Solutions IPO Prospectus

• Kwick Forensic Solutions IPO RHP

Kwick Forensic Solutions IPO Registrar and Lead Managers

Kwick Forensic Solutions IPO Lead Managers

• Corporate Capital Ventures Private Limited

Registrar for Kwick Forensic Solutions IPO

Bigshare Services Private Limited

• Contact Number: 8657578989
• Email Address: ipo@bigshareonline.com

Kwick Forensic Solutions IPO Registrar

How To Apply for Kwick Forensic Solutions IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Kwick Forensic Solutions IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

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Contact Details of Kwick Forensic Solutions IPO

Registered Office: New No 12 Old No 11 East Park Road, Shenoy Nagar, Chennai, Tamil Nadu – 600030, India.

Phone: 8807110249

E-mail: cs@kwickforensic.com