Published: 23 June 2026 | 8.00 AM
Last Updated: 23 June 2026 | 8.00 PM
IPO Snapshot
| Particulars | Details |
|---|---|
| Chanakya View | Neutral to Positive |
| GMP Today | Rs. 10 |
| Subject to Sauda | Rs. 8,000 |
| Issue Size | Rs. 39.69 Crore |
| Price Band | Rs. 128 to Rs. 135 |
| Lot Size | 1,000 Shares |
| Retail Investment | Rs. 2,70,000 |
| Listing Exchange | BSE SME |
| Market Cap | To be declared |
Live Subscription Tracker (Only After IPO Opens)
| Category | Subscription |
| QIB | XXx |
| NII | XXx |
| Retail | XXx |
| Total | XXx |
Subscription Signal
| Subscription Level | Interpretation |
| Below 1x | Weak |
| 1x–5x | Average |
| 5x–20x | Good |
| 20x–50x | Strong |
| Above 50x | Very Strong |
What Does the Company Do?
Kratikal Tech Ltd. provides AI-driven, SaaS-based cybersecurity solutions through its proprietary security platform. The company offers people security management, identity and access protection, vulnerability assessment, threat detection and compliance-driven security services. Its business also includes cybersecurity consulting, managed security services, risk assessment, audits and continuous monitoring.
IPO Schedule
| Event | Date |
| IPO Opens | 30 June 2026 |
| IPO Closes | 2 July 2026 |
| Allotment | 3 July 2026 |
| Listing | 7 July 2026 |
Quick Positives
✅ AI-driven cybersecurity and SaaS-based business model.
✅ Strong margins with FY2025 PAT margin of 20.30% and EBITDA margin of 26.44%.
✅ High return ratios with ROE of 46.76% and ROCE of 45.73% in FY2025.
✅ Almost debt-free balance sheet.
✅ IPO proceeds will support overseas subsidiaries and product development.
Key Risks
⚠ FY2025 revenue base is still small at Rs. 21.15 crore.
⚠ Business depends on sustained technology investment and cybersecurity demand.
⚠ SME IPO retail ticket size is high at Rs. 2.70 lakh.
⚠ Market cap and final valuation details are not fully available.
Who Should Apply?
| Investor Type | Suitability |
| Listing Gain Investors | ★★★☆☆ |
| Long-Term Investors | ★★★★☆ |
| Conservative Investors | ★★☆☆☆ |
| High-Risk Investors | ★★★★☆ |
Chanakya View
Neutral to Positive
Kratikal Tech operates in a high-growth cybersecurity theme with strong margins, high return ratios and negligible debt. The business model is attractive, but the company is still small in size and valuation clarity is limited.
High-risk investors may consider the IPO selectively after checking GMP, subscription demand and final valuation comfort.
IPO Details at a Glance
| Particulars | Details |
| IPO Date | 30 June 2026 to 2 July 2026 |
| Listing Date | 7 July 2026 |
| Face Value | Rs. 10 Per Share |
| Price Band | Rs. 128 to Rs. 135 Per Share |
| Lot Size | 1,000 Shares |
| Issue Type | Book Building SME IPO |
| Listing At | BSE SME |
| Total Issue Size | 29,40,000 Shares |
| Issue Size | Rs. 39.69 Crore |
| Fresh Issue | 27,90,000 Shares |
| Offer For Sale | Nil |
| Reserved For Market Maker | 1,50,000 Shares |
| Market Maker | Spread X Securities Pvt. Ltd. |
| Net Offered To Public | 27,90,000 Shares |
| Shareholding Pre Issue | 81,60,545 Shares |
| Shareholding Post Issue | 1,11,00,545 Shares |
| Market Cap | To be declared |
Reservation
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
| QIB Shares Offered | 13,89,000 | 49.78% | 47.24% |
| NII Shares Offered | 4,23,000 | 15.16% | 14.39% |
| Retail Shares Offered | 9,78,000 | 35.05% | 33.27% |
| Market Maker Shares Offered | 1,50,000 | – | 5.10% |
| Total Shares Offered | 29,40,000 | 100.00% | 100.00% |
Lot Size
| Application Type | Lots | Shares | Amount |
| Retail Minimum | 2 | 2,000 | Rs. 2,70,000 |
| Retail Maximum | 2 | 2,000 | Rs. 2,70,000 |
| S-HNI Minimum | 3 | 3,000 | Rs. 4,05,000 |
| S-HNI Maximum | 7 | 7,000 | Rs. 9,45,000 |
| B-HNI Minimum | 8 | 8,000 | Rs. 10,80,000 |
Company Details
Kratikal Tech Ltd. is engaged in providing AI-driven, SaaS-based cybersecurity solutions through its proprietary security software platform. The company helps enterprises reduce cyber risk and improve resilience.
Its proprietary security solutions cover identity and access management, vulnerability assessment, threat detection and compliance-driven security frameworks.
The company also provides cybersecurity consulting, managed security services, risk assessment, audits and continuous monitoring.
Business Verticals
| Business Vertical |
| AI Driven People Security Management |
| Technology and Process Security Services |
Competitive Strengths
| Key Strengths |
| Complete people security management platform |
| Real-time DMARC with sender ID visibility |
| Comprehensive coverage across security domains |
| AI-driven technology platform |
| CERT-In empanelment and regulatory authority |
| SaaS-based cybersecurity model |
| Negligible debt balance sheet |
IPO Objects
| Sr. No. | Objects of the Issue | Estimated Amount |
| 1 | Investment in Threatcop FZ LLC, UAE and Threatcop AI Inc, USA for sales, marketing and workforce development | Rs. 23.08 Crore |
| 2 | Investment in product development | Rs. 9.23 Crore |
| 3 | General Corporate Purposes | Balance Amount |
Company Address
| Particulars | Details |
| Registered Office | 5th Floor A-5, Sector 68, Grovy Optiva, Gautam Buddha Nagar, Noida, Uttar Pradesh – 201301 |
| Phone | +91 9220841199 |
| cs@kratikal.com |
Lead Manager & Registrar
| Particulars | Details |
| Lead Manager | Beeline Capital Advisors Pvt. Ltd. |
| Registrar | Kfin Technologies Ltd. |
| Registrar Phone | 04067162222 / 04079611000 |
| Registrar Email | kratikal.ipo@kfintech.com |
| Market Maker | Spread X Securities Pvt. Ltd. |
Financials
| Particulars (Rs. Crore) | 30 Jun 2025 | FY2025 | FY2024 | FY2023 |
| Total Assets | 16.89 | 15.58 | 9.05 | 4.16 |
| Total Income | 6.48 | 21.15 | 13.28 | 9.32 |
| Profit After Tax | 0.73 | 4.23 | 3.20 | -0.06 |
| EBITDA | 1.05 | 5.51 | 3.87 | -0.12 |
| Net Worth | 12.54 | 11.55 | 6.56 | 3.10 |
| Reserves & Surplus | 12.51 | 11.52 | 6.53 | 3.07 |
| Total Borrowings | 0.01 | 0.01 | 0.03 | 0.01 |
30 June 2025 numbers are for the period ended 30 June 2025.
Valuation
Key Performance Indicators (KPI)
| KPI | FY2025 |
| ROE | 46.76% |
| ROCE | 45.73% |
| RoNW | 36.67% |
| PAT Margin | 20.30% |
| EBITDA Margin | 26.44% |
Shareholding Pattern
| Particulars | Pre Issue | Post Issue |
| Promoter Holding | 72.58% | 53.36% |
Promoters
Mr. Pavan Kumar, Mr. Paratosh Kumar and Mr. Dip Jung Thapa are the promoters of the company.
Recently Listed IPOs in Other Consumer Services
| Company | Issue Type | Issue Size | Issue Price | Listing Gain/Loss % |
| Safecure Services Ltd. | SME | Rs. 30.60 Cr | Rs. 102 | -23.97% |
| NIS Management Ltd. | SME | Rs. 60.01 Cr | Rs. 111 | -7.57% |
Detailed Chanakya View
Kratikal Tech operates in the cybersecurity and SaaS space, which is a structurally attractive sector as enterprises increasingly spend on cyber risk management, threat detection and compliance. Its AI-driven people security platform and CERT-In empanelment add credibility.
The company has shown improvement in scale and profitability. Total income increased from Rs. 9.32 crore in FY2023 to Rs. 21.15 crore in FY2025. PAT improved from a loss of Rs. 0.06 crore in FY2023 to Rs. 4.23 crore in FY2025.
Margins are strong, with FY2025 PAT margin of 20.30% and EBITDA margin of 26.44%. Return ratios are also impressive, with ROE of 46.76% and ROCE of 45.73%. The company is almost debt-free, which is a major positive.
However, the company is still small in absolute size, and investors should wait for clarity on valuation and market cap. SME technology stocks can also remain volatile after listing.
Chanakya View: Neutral to Positive. Kratikal Tech may suit high-risk investors looking for cybersecurity and SaaS exposure. Final decision should depend on GMP, subscription strength and valuation comfort.
FAQs
What is the Kratikal Tech IPO GMP today?
Refer IPO Snapshot above for the latest GMP and Subject to Sauda updates.
What is the Kratikal Tech IPO price band?
Kratikal Tech IPO price band is Rs. 128 to Rs. 135 per share.
What is the Kratikal Tech IPO lot size?
The lot size is 1,000 shares. Retail investors must apply for a minimum of 2,000 shares.
What is the minimum retail investment for Kratikal Tech IPO?
The minimum retail investment is Rs. 2,70,000.
When will Kratikal Tech IPO open?
Kratikal Tech IPO will open on 30 June 2026.
When will Kratikal Tech IPO close?
Kratikal Tech IPO will close on 2 July 2026.
When will Kratikal Tech IPO list?
Kratikal Tech IPO is expected to list on BSE SME on 7 July 2026.
Who is the registrar of Kratikal Tech IPO?
Kfin Technologies Ltd. is the registrar of the IPO.
Who is the lead manager of Kratikal Tech IPO?
Beeline Capital Advisors Pvt. Ltd. is the book running lead manager