Kratikal Tech ₹39.69 Crore IPO Opens Tomorrow; Here's Everything Investors Should Know Before Bidding

Mumbai, June 29: Investors looking at the SME primary market will have another public issue to consider this week as Kratikal Tech Ltd. opens its ₹39.69 crore IPO for subscription on June 30. The book-built issue will remain available for bidding until July 2, with the company’s shares proposed to be listed on the BSE SME platform.

Unlike IPOs that include an offer for sale, Kratikal Tech’s public issue consists entirely of a fresh issue of equity shares, meaning the capital raised will go directly to the company to support its future growth plans.

Before the issue opens, here’s a quick look at the key details.

Issue Details

Kratikal Tech aims to raise ₹39.69 crore through a fresh issue of 29.40 lakh equity shares.

The IPO has been priced in a band of ₹128 to ₹135 per share, and the shares are scheduled to list on the BSE SME platform after the allotment process.

Price Band and Minimum Investment

The IPO can be applied for in lots of 1,000 shares.

At the upper end of the price band, the minimum investment works out to:

• Retail: 2,000 shares (2 lots) worth ₹2,70,000
• sHNI: 3,000 shares worth ₹4,05,000
• bHNI: 8,000 shares worth ₹10,80,000

Applications can be submitted in multiples of the prescribed lot size.

Reservation Breakdown

The issue has been allocated across investor categories as follows:

• Qualified Institutional Buyers (QIB): 13.89 lakh shares (49.78%)
• Non-Institutional Investors (NII): 4.23 lakh shares (15.16%)
• Retail Investors: 9.78 lakh shares (35.05%)

In addition, 1.50 lakh shares have been reserved for the market maker.

Important Dates

The tentative IPO schedule is:

• IPO opens: June 30, 2026
• IPO closes: July 2, 2026
• Expected allotment: July 3, 2026
• Refund initiation: July 6, 2026
• Shares credited to Demat accounts: July 6, 2026
• Tentative listing on BSE SME: July 7, 2026

About Kratikal Tech

Founded in 2013, Kratikal Tech is an AI-driven cybersecurity company offering Software-as-a-Service (SaaS) and cybersecurity consulting solutions. Its portfolio includes platforms for cyber risk management, vulnerability assessment, penetration testing, governance, compliance and security awareness training. The company serves clients across sectors including BFSI, fintech, healthcare, telecom, manufacturing and e-commerce in India and overseas.

What Investors Should Watch

With the IPO opening on June 30, investors will monitor subscription demand across the retail, HNI and institutional segments during the three-day bidding window. Once the issue closes on July 2, the focus will shift to allotment, ahead of the company’s proposed BSE SME listing on July 7.

Source:

• https://kratikal.com/static/IPO-Compliance/kratikal-rhp.pdf