Kratikal Tech IPO
smelistedAbout the company
Kratikal Tech is an AI-driven company that provides Software-as-a-Service (SaaS) cybersecurity solutions through its platform, along with cybersecurity consulting and regulatory compliance services. The company earns revenue from two main business segments. The first is people security management, which includes the Threatcop product suite comprising TSAT, TLMS, TDMARC and TPIR. The second is technology & process security services, which include VAPT, compliance and GRC services, Virtual CISO (vCISO) advisory services and the AI-powered AutoSecT platform. Threatcop follows a subscription-based business model. Customers generally purchase annual licences based on the number of users, with payments usually collected in advance for one-year contracts. The technology & process security services business follows an annual pricing model based on the number of assets being assessed. The AutoSecT platform is sold through annual as well as multi-year subscription plans. During FY26, TSAT was the company's largest revenue contributor, generating ₹15.85 crore, which accounted for 43.19% of total revenue, followed by VAPT, which contributed ₹12.84 crore or 34.98% of revenue. Compliance services generated ₹3.97 crore, contributing 10.83%, while TDMARC contributed ₹2.24 crore, representing 6.10% of FY26 revenue. The company's customers include both small businesses and large enterprises operating in industries such as BFSI, fintech, telecom, IT/ITES, healthcare, pharmaceuticals, e-commerce and manufacturing across India as well as international markets. From a geographical perspective, India contributed 70.9% of FY26 revenue. Among international markets, the UAE contributed 9.6%, the USA contributed 8.1%, and Saudi Arabia contributed 5.5% of total revenue. Based on industry, Technology & Software was the largest customer segment, contributing 28.9% of FY26 revenue, followed by Manufacturing & Engineering at 13.4% and BFSI at 12.9%.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 02 Jul | ₹40 | ₹175 | -1 |
| 30 Jun | ₹41 | ₹176 | +27 |
| 29 Jun | ₹14 | ₹149 | -3 |
| 28 Jun | ₹17 | ₹152 | 0 |
| 27 Jun | ₹17 | ₹152 | 0 |
| 26 Jun | ₹17 | ₹152 | +4 |
| 25 Jun | ₹13 | ₹148 | -2 |
| 24 Jun | ₹15 | ₹150 | 0 |
Strengths
- Operates in the fast-growing cybersecurity and digital security industry.
- Offers specialized services in cyber risk management, compliance, and security testing.
- Diverse client base across multiple industries.
- Increasing demand for cybersecurity solutions driven by digital transformation.
- Experienced management team with strong domain expertise.
- Asset-light business model with scalable growth potential.
- Focus on innovation and technology-driven service offerings.
- Opportunity to benefit from rising regulatory and data protection requirements.
Risks
- Business depends on continuous technological advancements and innovation.
- Intense competition from established cybersecurity firms and global players.
- Rapid changes in cybersecurity threats may require ongoing investments.
- Dependence on skilled cybersecurity professionals for service delivery.
- Customer retention challenges could impact revenue growth.
- Regulatory changes may increase compliance and operational costs.
- Exposure to project delays or contract cancellations.
- Economic slowdown could reduce corporate spending on cybersecurity services.
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed30 Jun 2026Bidding starts for all investor categories
IPO Closes
Completed02 Jul 2026Last day to place your bid
Basis of Allotment
Completed03 Jul 2026Share allotment finalised
Refund Initiation
Completed06 Jul 2026Refunds credited for non-allottees
Credit to Demat
Completed06 Jul 2026Allotted shares credited to demat account
Listing on Exchange
Completed07 Jul 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1000 | ₹135,000 | 1 | ₹135,000 | 1 lot only |
| HNI | 2 | 2000 | ₹270,000 | 2 | ₹270,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 1,520,913 | 20 | 730,038 | 0.48x | 100% |
| NII | 15% | 456,274 | 6 | 4,448,672 | 9.75x | 10.3% |
| Retail | 35% | 1,064,639 | 14 | 3,215,210 | 3.02x | 33.1% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
