Kratikal Tech IPO Day 3: Subscription Climbs To 39.57x As Final Day of Bidding Progresses
Authored By HDFC SKY | Published at: Jul 2, 2026 11:53 AM IST
Kratikal Tech IPO witnessed robust demand on the final day of bidding, with the issue subscribed 39.57 times by Day 3 morning, led by exceptional participation from retail and NII investors.
Mumbai, July 2: The Kratikal Tech IPO has attracted strong investor interest on the final day of its subscription window, with the ₹39.69 crore BSE SME issue subscribed 39.57 times as of 11:09 AM on Thursday. Demand has been exceptionally strong across all investor categories, particularly from non-institutional investors (NIIs) and retail applicants.
With bidding still underway, subscription figures are expected to rise further during the day as investors continue placing bids. The issue has already witnessed significant oversubscription well before the close of the offer.
The IPO is entirely a fresh issue of 29.40 lakh equity shares aggregating ₹39.69 crore. Shares are being offered in the price band of ₹128 to ₹135, with the issue price fixed at ₹135 per share.
Kratikal Tech IPO Subscription Status Day 3 (As Of 11:09 AM)
The latest exchange data shows:
- Overall:39.57x
- Retail Investors:52.32x
- NII:55.09x
- bNII:62.90x
- sNII:39.45x
- QIB (Ex-Anchor):5.48x
- Total Applications:30,093
Demand has remained broad-based, with every investor category comfortably oversubscribed. The NII segment continues to lead the book, while retail investors have also shown overwhelming participation. Qualified Institutional Buyers (QIBs) have crossed the fully subscribed mark, reflecting healthy institutional interest.
Day-Wise Subscription Trend
The IPO has seen subscription momentum accelerate sharply throughout the bidding period.
| Day | Overall | Retail | NII | QIB (Ex-Anchor) |
| Day 1 | 2.56x | 3.04x | 3.26x | 1.20x |
| Day 2 | 17.06x | 22.96x | 19.21x | 5.09x |
| Day 3 (11:09 AM) | 39.57x | 52.32x | 55.09x | 5.48x |
The steady rise in subscription across all categories indicates strong investor confidence, with retail and high-net-worth investors continuing to dominate demand on the final day.
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
- Issue Price: ₹135 per share
- Lot Size: 1,000 shares
- Minimum Retail Investment: ₹2,70,000 (2,000 shares)
- Listing Exchange: BSE SME
Key Dates
- IPO Opens: June 30, 2026
- IPO Closes: July 2, 2026
- Tentative Allotment: July 3, 2026
- Refund Initiation: July 6, 2026
- Shares Credited to Demat Accounts: July 6, 2026
- Tentative Listing: July 7, 2026
About Kratikal Tech
Kratikal Tech Limited is a cybersecurity and digital trust solutions company that provides cybersecurity consulting, vulnerability assessment, penetration testing, compliance, cloud security and managed security services. The company serves enterprises across multiple sectors with solutions aimed at strengthening digital infrastructure and managing cyber risks.
Conclusion
The Kratikal Tech IPO has emerged as one of the strongest subscribed SME public issues in the current market, with the issue already subscribed 39.57 times by 11:09 AM on its final day of bidding. Robust participation from retail, NII and institutional investors reflects broad-based demand. Investors will now watch the final subscription figures after the issue closes, followed by the basis of allotment expected on July 3 and the proposed BSE SME listing on July 7.
Source:
- https://www.chittorgarh.net/reports/anchor-investor/kratikal-tech-anchor-list.pdf
Disclaimer
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Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
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