Kwick Forensic Solutions IPO Subscription Day 1: Issue Subscribed 7.51 Times 

 Mumbai, August 27: The Kwick Forensic Solutions IPO got off to a strong start on Thursday, August 27, with the issue attracting bids worth several times the shares available for public subscription.

At the end of the first bidding day, the IPO was subscribed 7.51 times overall. Retail investors were at the front of the pack, with their portion already subscribed 13.17 times. The NII category also saw solid demand, reaching 4.29 times subscription.

The important point here is that the IPO is still open. Bidding started on August 27 and will continue through August 31, 2026. So, the Day 1 numbers should not be treated as the final subscription figures.

Kwick Forensic Solutions is looking to raise around ₹50.77 crore through the IPO. The issue includes a fresh issue of 45.62 lakh shares worth around ₹41.05 crore and an offer for sale of 10.80 lakh shares worth around ₹9.72 crore.

Kwick Forensic Solutions IPO Subscription Status 

By the end of Day 1, investors had bid for around 2.82 crore shares, compared with 37.55 lakh shares available for the public portion.

Retail investors accounted for much of the early interest. Their category received bids for around 2.47 crore shares, against 18.78 lakh shares on offer, taking the subscription to 13.17 times.

The NII portion received bids for 34.56 lakh shares against 8.06 lakh shares offered, resulting in a 4.29x subscription.

Looking closer at the NII segment, applications above ₹10 lakh were subscribed 3.60 times, while the portion for applications below ₹10 lakh was subscribed 5.65 times.

The QIB (Ex Anchor) portion remained at 0.00x at the end of Day 1, with no bids recorded in the available subscription data.

The issue had received 8,254 applications by the close of the first day. 

Kwick Forensic Solutions IPO Day-Wise Subscription 

Only one day of bidding has been completed so far. The subscription figures for the remaining days will be added as bidding progresses. 

The final numbers could look quite different by August 31, particularly if QIB participation increases during the remaining bidding sessions. 

Kwick Forensic Solutions IPO Details 

The IPO comes with a price band of ₹85 to ₹90 per share. The lot size is 1,600 shares, which means investors applying for one retail lot at the upper end of the price band will need ₹1.44 lakh.

The issue comprises: 

• Fresh Issue: 45.62 lakh shares 
• Offer for Sale: 10.80 lakh shares 
• Total Issue Size: ₹50.77 crore 
• Price Band: ₹85-₹90 per share 
• Lot Size: 1,600 shares 
• Listing: BSE SME 

Kwick Forensic Solutions IPO Important Dates 

The IPO opened on August 27 and will remain available for subscription until August 31, 2026.

The tentative allotment is scheduled for September 1. Refunds and share credits are expected on September 2, while the stock is scheduled to list on the BSE SME platform on September 3.

Conclusion 

Kwick Forensic Solutions IPO has started on a strong footing, with the issue already 7.51 times subscribed after Day 1. Retail demand has been particularly aggressive at 13.17 times, while NII investors have also pushed their category well above the one-time mark.

Still, there is a lot of bidding time left. The IPO has not closed yet, and the final subscription figure will depend on how demand develops over the next three days. For now, retail and NII interest is strong, while QIB participation remains the key number to watch.

Source: 

• https://www.bseindia.com/markets/publicissues/displayipo?id=4767&type=IPO&idtype=1&status=L&IPONo=7913&startdt=27%2F08%2F2026