Kratikal Tech IPO
Bookbuilding IPO | ₹40.00 Cr | Listing at BSE SME
Closed
IPO Open
Tue, Jun 30, 2026
IPO Close
Thu, Jul 02, 2026
Price Band
₹128.00 to ₹135.00
Market Cap (Pre-IPO)
₹149.86 Cr
IPO Details
| IPO Date | Jun 30, 2026 to Jul 02, 2026 |
| Listing Date | Tentative: Jul 07, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹128.00 to ₹135.00 |
| Lot Size | 1000 Shares (Minimum: ₹135,000.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Issue Size | ₹40.00 Crores |
| Total Shares Offered | 2,940,000 shares |
| Fresh Issue | 2,790,000 shares |
| Offer For Sale | 2,940,000 shares |
Kratikal Tech IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 13,89,000 |
| Retail Shares Offered | 9,78,000 |
| NII Shares Offered | 4,23,000 |
Kratikal Tech IPO Lot Size
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹270,000 |
| Retail (Max) | 2 | 2,000 | ₹270,000 |
| S-HNI (Min) | 3 | 3,000 | ₹405,000 |
| S-HNI (Max) | 7 | 7,000 | ₹945,000 |
| B-HNI (Min) | 8 | 8,000 | ₹1,080,000 |
Kratikal Tech Financial Information (Restated Consolidated)
Kratikal Tech Ltd.'s revenue increased by 74% and profit after tax (PAT) rose by 61% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 30.12 | 15.58 | 9.05 |
| Total Income | 36.86 | 21.15 | 13.28 |
| Profit After Tax | 6.14 | 3.81 | 3.20 |
| EBITDA | 9.08 | 5.51 | 3.87 |
| NET Worth | 24.02 | 11.13 | 6.56 |
| Reserves and Surplus | 15.86 | 11.10 | 6.53 |
| Total Borrowing | 0.01 | 0.01 | 0.03 |
Amount in ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 34.95% |
| ROCE (Return on Capital Employed) | 34.35% |
| Debt/Equity | 0.00 |
| RoNW (Return on Net Worth) | 25.57% |
| PAT Margin (Profit After Tax Margin) | 16.73% |
| EBITDA Margin | 24.73% |
| Price to Book Value | 4.59 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.53 | 5.53 |
| P/E (x) | 17.94 | 24.40 |
| Promoter Holding | 72.58% | 53.36% |
Company Promoters
- Mr. Pavan Kumar
- Mr. Paratosh Kumar and Mr. Dip Jung Thapa.
Company Overview
Kratikal Tech – Company Overview
- Incorporated in November 2013, Kratikal Tech Limited is an AI-driven cybersecurity company providing SaaS-based cyber risk management solutions and cybersecurity consulting services.
- The company operates through two business segments:
- Threatcop – People Security Management (PSM) solutions.
- Kratikal – Technology & Process Security Services.
- Its key products include:
- Threatcop – A people security management platform focused on reducing human-related cyber risks.
- AutoSecT – An AI-powered Vulnerability Management, Detection & Response (VMDR) and penetration testing platform.
- The company also offers Vulnerability Assessment & Penetration Testing (VAPT), Red Team Exercises, Application & Infrastructure Security Testing, Governance Risk & Compliance (GRC) Services, Virtual CISO (vCISO) Services, and Cybersecurity Awareness Programs.
- Kratikal serves clients across BFSI, Fintech, Telecom, IT/ITES, Healthcare, Pharmaceuticals, Manufacturing, and E-commerce sectors in India and international markets.
- The company is a CERT-In Empanelled Security Auditor and is also empanelled by NSE for conducting system audits of trading members.
- Its AI-powered platforms help organizations identify vulnerabilities, strengthen security posture, manage cyber risks, and improve employee cybersecurity awareness.
- As of March 31, 2026, the company had 200 employees across management, operations, engineering, sales, finance, and administration functions.
Company Strengths
- Comprehensive People Security Management platform through Threatcop.
- AI-driven cybersecurity and vulnerability management solutions.
- Real-time DMARC monitoring with sender identity visibility.
- End-to-end coverage across people, process, and technology security layers.
- Proprietary platforms including Threatcop and AutoSecT.
- CERT-In empanelment and strong regulatory credibility.
- Diverse cybersecurity service portfolio including VAPT, GRC, Red Teaming, and vCISO services.
- Experienced management and technical leadership team.
- Strong presence across multiple industries and geographies.
- Scalable SaaS-based cybersecurity business model.
Use of Proceeds
| 1) | Investment in Threatcop FZ LLC, UAE and Threatcop AI Inc, USA (subsidiaries) for expenditure towards sales & marketing activities and development of workforce resources. | 23.08 |
| 2) | Investment in Product Development | 9.23 |
| 3) | General Corporate Purposes | |
| Total | 32.32 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Kratikal Tech IPO Peer Comparison
Kratikal Tech peer comparison with similar listed entities. (As on March 31, 2026)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Kratikal Tech Ltd. | 7.86 | 7.85 | 29.43 | - | 25.57 | - | Consolidated |
| Aaa Technologies Limited | 1.61 | 1.61 | 24.14 | 55.38 | 6.66 | 3.71 | Standalone |
| Accedere Ltd | 1.37 | 1.37 | 10.98 | 44.04 | 12.51 | 6.00 | Consolidated |
Quick Info
| Sector | Cybersecurity, Software-as-a-Service (SaaS), and Artificial Intelligence (AI) technology |
| Exchange | BSE SME |
| Market Cap (Pre-IPO) | ₹149.86 Cr |
Important Dates
| IPO Open | Jun 30, 2026 |
| IPO Close | Jul 02, 2026 |
| Allotment Date | Jul 03, 2026 |
| Credit to Demat | Jul 06, 2026 |
| Listing Date | Tentative: Jul 07, 2026 |
Lead Manager(s)
Beeline Capital Advisors Pvt.Ltd.
Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
Description
- IPO Type: Book build issue aggregating to ₹39.69 crores.
- Issue Structure: Entirely a fresh issue of 0.29 crore shares totaling ₹39.69 crores.
- IPO Dates: The issue opens on June 30, 2026 and closes on July 2, 2026.
- Allotment Date: The allotment is expected to be finalized on July 3, 2026.
- Listing Details: The shares are proposed to be listed on BSE Limited SME on July 7, 2026.
- Retail Investment Requirement: Minimum 2 lots (2,000 shares) amounting to approximately ₹2,70,000 (at the upper price band).
- HNI Investment Requirement: Minimum 3 lots (3,000 shares) totaling around ₹4,05,000.
- Issue Price Band: ₹128 to ₹135 per equity share.
- Lot Size: 1,000 shares per lot.
This IPO offers investors an opportunity to participate in the technology sector through a fresh issue of shares.