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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹39.69 Cr |
| Reserved for Market Maker | ₹2.03 Cr |
| Net Issue Size | ₹39.69 Cr |
| Fresh Issue | ₹37.67 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹128.00-135.00 per share |
| BSE Code | 544811 |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | Beeline Capital Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
Minimum bid: 2,000 shares · Multiples of 1,000 shares
Kratikal Tech IPO comprises a total issue size of 29,40,000 shares. The net offer to the public is 27,90,000 shares, after excluding 1,50,000 shares allotted on a firm basis. Of the Net offer 13,89,000 (49.78%) are allocated to QIB, 4,23,000 (15.16%) allocated to NII 9,78,000 (35.05%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 13,89,000 | 49.78% | 47.24% |
| − Anchor Investor Shares Offered | 8,31,000 | 28.27% | |
| − QIB (Ex. Anchor) Shares Offered | 5,58,000 | 18.98% | |
| NII (HNI) Shares Offered | 4,23,000 | 15.16% | 14.39% |
| − bNII > ₹10L | 2,82,000 | 9.59% | |
| − sNII < ₹10L | 1,41,000 | 4.80% | |
| Retail Shares Offered | 9,78,000 | 35.05% | 33.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,50,000 | 5.10% | |
| Total Shares Offered | 29,40,000 | 100.00% | 100.00% |
Kratikal Tech Limited, incorporated in November 2013, is a cybersecurity solutions provider specializing in AI-powered cyber risk management and Software-as-a-Service (SaaS) platforms. The company offers a combination of proprietary cybersecurity products and consulting services designed to help organizations identify, assess, and mitigate evolving cyber threats.
The company operates through two complementary business verticals: People Security Management (PSM) solutions under the Threatcop brand and Technology & Process Security Services under the Kratikal brand. Its integrated approach enables organizations to strengthen security across human, technological, and operational risk dimensions.
Kratikal's product portfolio includes Threatcop, a comprehensive people security management platform aimed at reducing human-related cybersecurity vulnerabilities, and AutoSecT, an AI-enabled Vulnerability Management, Detection & Response (VMDR) and penetration testing platform. The company also provides a broad range of cybersecurity services, including Vulnerability Assessment and Penetration Testing (VAPT), red-team assessments, application and infrastructure security testing, Governance, Risk & Compliance (GRC) consulting, Virtual Chief Information Security Officer (vCISO) services, and cybersecurity awareness training programs.
The company serves clients across diverse sectors such as banking and financial services (BFSI), fintech, telecommunications, IT & IT-enabled services, healthcare, pharmaceuticals, manufacturing, and e-commerce. In addition to its industry reach within India, Kratikal also caters to international customers. The company is recognized as a CERT-In Empanelled Security Auditor and is further empanelled by the National Stock Exchange (NSE) to conduct system audits for trading members, reflecting its strong regulatory standing and technical expertise.
As of March 31, 2026, Kratikal Tech employed 200 professionals across various functions, including engineering, cybersecurity operations, sales, management, finance, and administration.
Key Competitive Strengths
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 | 2.72 |
| 4 | Issue Expenses | 4.66 |
| Total | 39.69 |
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 ₹ Crore | |||
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 34.95% |
| ROCE | 34.35% |
| Debt / Equity | 0.00% |
| RoNW | 25.57% |
| PAT Margin | 16.73% |
| EBITDA Margin | 24.73% |
| Price to Book Value | 4.59 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 7.53 | 5.53 |
| P/E (x) | 17.94 | 24.4 |
| Promoter Holding | 72.58% | 53.36% |
| Market Cap | ₹149.86 Cr. | |
