Kratikal Tech Limited, a growing name in the cybersecurity sector, is launching its maiden SME IPO on the BSE SME platform. The company is seeking to raise ₹39.69 Crores entirely through a fresh issue of shares to fund its global expansion and product development initiatives.
If you are tracking the SME IPO market, here is everything you need to know about the Kratikal Tech IPO, from its current Grey Market Premium (GMP) and financial health to important dates and investment requirements.
Kratikal Tech IPO Key Details
The Kratikal Tech issue is a 100% book-built offer consisting entirely of fresh equity. Here is a quick glance at the core offering:
| Parameter | Details |
| IPO Open Date | June 30, 2026 |
| IPO Close Date | July 2, 2026 |
| Issue Size | ₹39.69 Crores (29,40,000 shares) |
| Face Value | ₹10 per share |
| Price Band | ₹128 to ₹135 per share |
| Minimum Lot Size | 1,000 Shares |
| Retail Minimum Investment | ₹2,70,000 (2,000 shares / 2 Lots) |
| Listing Exchange | BSE SME |
| Registrar | KFin Technologies Limited |
| Lead Manager | Beeline Capital Advisors Private Limited |
Note for Retail Investors: While the lot size is defined as 1,000 shares, the minimum investment requirement for retail individuals is set at 2 lots (2,000 shares), meaning a minimum outlay of ₹2.70 lakh at the upper price band.
Important IPO Dates & Timelines
Ensure you track these dates so you don’t miss the application or allotment window:
- IPO Opens: Tuesday, June 30, 2026
- IPO Closes: Thursday, July 2, 2026
- Basis of Allotment: Friday, July 3, 2026
- Initiation of Refunds: Monday, July 6, 2026
- Credit of Shares to Demat: Monday, July 6, 2026
- Tentative Listing Date: Tuesday, July 7, 2026
Current GMP & Expected Listing Price
The Grey Market Premium (GMP) acts as an unofficial gauge of investor demand before the stock officially hits the secondary market.
- Current GMP: ₹17 (As of June 27, 2026)
- Estimated Listing Price: ₹152
- Expected Listing Premium: ~12.59%
Disclaimer: GMP is highly volatile and unofficial. It should not be the sole metric used to make investment decisions.
Company Overview: What Does Kratikal Tech Do?
Founded in 2013 and based in Greater Noida, Kratikal Tech Limited is an AI-driven, Software-as-a-Service (SaaS) cybersecurity firm. The company protects enterprises by reducing cyber risk across people, processes, and technology.
Kratikal operates through two primary business lines:
- People Security Management (PSM): Driven by their proprietary Threatcop platform, this division focuses on mitigating human-related cyber risks through phishing simulations, security awareness training, and email authentication tools.
- Technology & Process Security: Operating under the Kratikal brand, this segment offers Vulnerability Assessment and Penetration Testing (VAPT), compliance services, and infrastructure security, supported by their AI-driven AutoSecT platform.
Kratikal Tech serves a diverse client base across sectors including BFSI, fintech, telecom, healthcare, and e-commerce, and boasts empanelment by CERT-In as an Information Security Auditing Organisation.
Financial Highlights
Kratikal Tech has shown strong and consistent growth in revenue and profitability over the past three fiscal years, alongside a healthy balance sheet with negligible debt.
| Metric (in ₹ Crores) | FY 2026 | FY 2025 | FY 2024 |
| Total Revenue | 36.72 | 20.85 | 13.02 |
| Profit After Tax (PAT) | 6.14 | 3.81 | 3.20 |
| Net Worth | 24.02 | 11.13 | 6.56 |
| Total Borrowings | 0.01 | 0.01 | 0.03 |
Source: Company financials for respective fiscal years.
Objectives of the Issue
The company plans to utilize the ₹39.69 crore net proceeds for the following strategic goals:
- International Expansion: Investing in its subsidiaries (Threatcop FZ LLC in the UAE and Threatcop AI Inc in the USA) to fund sales, marketing, and workforce development.
- Product Innovation: Funding the development of new cybersecurity solutions.
- General Corporate Purposes: Supporting working capital requirements and routine business operations.
Strengths vs. Risks
Key Strengths:
- Comprehensive, AI-driven cybersecurity offerings spanning the entire People-Process-Technology framework.
- Strong credibility and regulatory compliance, backed by CERT-In and NSE system audit empanelments.
- Scalable SaaS-based business model resulting in strong revenue growth and healthy margins.
Potential Risks:
- Intense Competition: The cybersecurity market is highly fragmented, and Kratikal faces competition from both domestic and global players with deeper pockets.
- Execution Risk: A significant portion of their growth strategy relies heavily on successful expansion into new, highly competitive overseas markets (UAE and USA).
- Earnings Volatility: The company historically generates a large share of its revenue in the final quarter of the fiscal year, leading to potential short-term earnings volatility.