IPO Alert: AI-Driven Cybersecurity Firm Kratikal Tech Filed DRHP to Raise Funds

Kratikal Tech has filed its Draft Red Herring Prospectus (DRHP) with the BSE SME platform for a proposed Initial Public Offering (IPO).  

The issue will comprise a fresh issue of up to 30 lakh equity shares, each with a face value of ₹10. The company has not included any offer-for-sale component in the issue. 

Purpose of the Fundraise 

As outlined in the DRHP, the company plans to use the proceeds mainly for overseas expansion, product-related expenditure, and general corporate purposes.  

Part of the funds is expected to be routed through its foreign subsidiaries to support business activities outside India. 

International Operations 

Kratikal Tech operates overseas through Threatcop EZ LLC in the UAE and Threatcop AI Inc in the US. The proposed investments in these subsidiaries are intended to support sales efforts, staff additions, and business development in international markets.  

The company currently has operations in India along with select overseas locations. 

Kratikal Tech Business Activities 

The company operates in the cybersecurity and SaaS segment, offering solutions that cover both human-related cyber risks and technology infrastructure security. Through its Threatcop platform, it focuses on issues such as phishing by assessing employee behaviour and providing training programmes.  

Separately, under the Kratikal brand, it offers security services for enterprise systems, including networks, cloud environments, applications, mobile platforms and APIs. Its platforms, including Threatcop and AutoSecT, are used for identifying and addressing cybersecurity vulnerabilities.  

In addition to software platforms, the company provides services such as vulnerability assessment, penetration testing, red team exercises, application and infrastructure security, and governance, risk and compliance support. 

Clients and Workforce 

Kratikal Tech has a client base of over 638 customers across sectors such as BFSI, fintech, telecom, IT and ITES, healthcare, pharmaceuticals, e-commerce and manufacturing. The company employs more than 184 professionals. It is empanelled as a security auditor with CERT-In and the NSE. 

Kratikal Tech Financials and Intermediaries 

For the year ended March 31, 2025, the company reported revenue of ₹20.85 crore, EBITDA of ₹5.51 crore, and profit after tax of ₹4.23 crore. Beeline Capital Advisors is the book running lead manager to the issue, while KFin Technologies has been appointed as the registrar. 

Read More: Upcoming IPO: Indian Gas Exchange is Preparing to Launch IPO by Dec 2026!  

Conclusion  

The SME IPO filing is Kratikal Tech’s move to raise capital for overseas expansion, product-related spending, and general corporate needs. The issue is currently subject to regulatory review. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.