Kwick Forensic Solutions IPO
Kwick Forensic Solutions IPO is an SME IPO raising ₹51 Cr at ₹85 – ₹90 a share. It listed on 3 Sept 2026 at ₹150, +66.7% against its issue price of ₹90, and trades at ₹185 today (+105.1% since issue). It was subscribed 267× in total.
267.1 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs90. Checked: exchange issue size Rs51 Cr vs derived Rs50.8 Cr (0.4% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
The issuer names no comparable listed companies: “There is no listed industry peer company engaged in the same line of business as the Company. Hence, a comparison of Earnings Per Share (EPS) with industry peers has not been provided. (Similarly, no comparison of Accounting Ratios has been provided with industry peers.)”
derived: cut-off price Rs90 / stated EPS Rs8 (FY2025-26 (year ended March 31, 2026) Adjusted Basic & Diluted EPS (post-bonus, retrospectively adjusted for the 7:1 bonus issue on 16-Sep-2025); restated consolidated/standalone per Restated Financial Statements). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.