Kratikal Tech IPO Day 2: Subscription Climbs To 5.37x As Retail Investors Drive Demand

Mumbai, July 1: Following the ongoing subscription period, Kratikal Tech IPO was subscribed 5.37 times by 11:13 AM on July 1, 2026 (Day 2). The book-built SME issue, which opened for bidding on June 30, 2026, will remain open for subscription until July 2, 2026.

Investor interest gathered pace on the second day of bidding as applications continued to pour in across categories. Retail investors remained the biggest contributors to the subscription book, while the non-institutional investor (NII) portion also attracted strong demand. The qualified institutional buyer (QIB) segment, excluding anchor investors, was fully subscribed and continued to add stability to the overall response.

The ₹39.69 crore IPO is entirely a fresh issue of 29.40 lakh equity shares. The company has fixed the price band at ₹128 to ₹135 per share, with investors required to bid for a minimum of 1,000 shares.

Kratikal Tech IPO Subscription Status Day 2

As of 11:13 AM on July 1, the issue received the following subscription:

• Overall Subscription: 5.37x
• Retail Investors: 7.34x
• NII: 6.33x
• bNII: 6.48x
• sNII: 6.04x
• QIB (Ex-Anchor): 1.20x
• Total Applications: 4,130

Retail demand remained the standout feature of the issue, with investors applying for more than seven times the shares reserved for the category. The NII portion also remained comfortably oversubscribed, while institutional participation stayed above the fully subscribed mark.

Subscription Trend

The subscription figures improved sharply from the opening day.

• Day 1: Overall 2.56x
• Day 2 (11:13 AM): Overall 5.37x

Retail demand increased from 3.04x on Day 1 to 7.34x on Day 2, while the NII category moved from 3.26x to 6.33x. QIB participation remained steady at 1.20x, indicating continued institutional support.

With one day of bidding still left, investors will closely monitor whether the issue attracts another round of strong applications before subscriptions close.

IPO Details

• Issue Size: ₹39.69 crore
• Fresh Issue: 29.40 lakh equity shares
• Offer for Sale: Nil
• Price Band: ₹128 to ₹135 per share
• Lot Size: 1,000 shares
• Minimum Retail Investment: ₹2,70,000 (2,000 shares)
• Listing: BSE SME

Important Dates

• IPO Opens: June 30 2026
• IPO Closes: July 2 2026
• Tentative Allotment: July 3 2026
• Refunds: July 6 2026
• Shares Credited: July 6 2026
• Tentative Listing: July 7 2026

About Kratikal Tech

Kratikal Tech Limited operates in the cybersecurity sector, providing cyber risk management, security assessment, compliance and vulnerability management solutions for enterprises across multiple industries.

Conclusion

Kratikal Tech IPO has witnessed a notable improvement in investor participation on Day 2, with retail and NII investors driving overall subscription beyond the five-times mark. As the issue enters its final day of bidding on July 2, investors will be watching whether demand strengthens further before the subscription window closes.

Source:

• https://www.chittorgarh.net/reports/anchor-investor/kratikal-tech-anchor-list.pdf