Shares of Kwick Forensic Solutions Ltd. experienced a strong market debut on Thursday, hitting the upper price band on the BSE SME platform. The stock's impressive performance saw it rise 75% above its initial public offering (IPO) price of Rs 90 during its maiden trading session.
The Chennai-based company, which provides specialized products and solutions for crime scene investigation, opened trading at Rs 150 per share. This represented a significant 66.67% premium over the IPO price. Shortly after listing, the shares climbed further, reaching Rs 157.50 apiece, marking a 5% increase from the listing price and establishing the 75% gain over the IPO price.
IPO Details and Strong Subscription
The Kwick Forensic Solutions IPO, valued at Rs 50.77 crore, was offered to investors in a price band of Rs 85-90 per share. The issue comprised a fresh offering of 56.41 lakh equity shares.
The public offering garnered substantial investor interest during its three-day bidding period, which ran from August 27 to August 31. The issue was oversubscribed an remarkable 272.5 times, demonstrating strong confidence from the market. Investors placed bids for a total of 110.04 crore equity shares against an offer size of just 40.38 lakh shares, through 2.17 lakh applications.
Financial Performance Highlights
Kwick Forensic Solutions has reported robust financial growth for the fiscal year ended March 2026. The company saw a significant increase in both profit and revenue during this period.
- Profit Growth: The company's profit surged by 57.8% year-on-year, reaching Rs 13.5 crore in FY26, up from Rs 8.6 crore in the preceding financial year.
- Revenue Increase: Revenue also saw a substantial rise, growing by 62.6% to Rs 105.7 crore in FY26, compared to Rs 65 crore in the previous year.
These strong financials, combined with the overwhelming IPO subscription, likely contributed to the shares' impressive performance on their market debut.