Kratikal Tech Summary
Kratikal Tech Limited is a SaaS based cybersecurity firm powered by artificial intelligence and functions on the basis of two business lines. The first one being Threatcop that offers People Security Management (PSM) which includes addressing human-based cybersecurity threats such as phishing, smishing, and vishing using employee simulations and trainings. On the other hand, Kratikal offers Technology & Process Security services that include protection of the technology stack with measures like vulnerability assessment, penetration testing, security audits, managed security services, identity and access management, threat detection, and compliance based security services.
It has a good presence within its domestic market amongst large businesses and financial firms, and has also started to venture into foreign markets, earning revenues from countries such as Indonesia and UAE, where it has its foreign subsidiaries Threatcop FZ LLC (UAE) and Threatcop AI Inc (USA). The proceeds from the IPO will be utilized in investments in subsidiaries for sales & marketing efforts and workforce development, product development, and general corporate needs.
Kratikal Tech Limited BSE SME IPO is a book-built issue of 29,40,000 equity shares (face value ₹10 each) aggregating up to ₹39.69 Cr at the upper price band, priced at ₹128–₹135 per share, opening June 30, 2026 and closing July 2, 2026, with a tentative listing date of July 7, 2026 on BSE SME. The book running lead manager is Beeline Capital Advisors Private Limited and the registrar is KFin Technologies Ltd.
Kratikal Tech IPO Details:
Kratikal Tech Limited Issue Management:
Beeline Capital Advisors Private Limited acts as the book-running lead manager for Kratikal Tech BSE SME IPO, managing underwriting and compliance.
Kratikal Tech Limited IPO RTA (Registrar) Details:
Kfin Technologies Ltd. handles allotment, refunds, and demat credits - contact at 04067162222, 04079611000 or kratikal.ipo@kfintech.com.
Kratikal Tech Limited IPO Allotment Status:
To check your IPO allotment status:
Visit the Kfin Technologies Ltd. IPO Application Status page.
Select the company name from the dropdown menu.
Select and enter PAN, Application Number, DP/Client ID, or Account Number/IFSC.
Click Submit to view your allotment status.
Kratikal Tech IPO comprises a total issue size of 29,40,000 shares, entirely a fresh issue with no OFS component. Net offer to the public is 27,90,000 shares after excluding 1,50,000 shares reserved for the market maker.
Kratikal Tech Limited IPO proceeds from the fresh issue will be deployed towards:
Kratikal Tech IPO offers 29,40,000 total shares. Net offer to the public is 27,90,000 shares after excluding 1,50,000 market maker shares. Share allocation confirmed: QIB Anchor: 8,31,000 shares; QIB (ex-anchor): 5,58,000 shares; NII: 4,23,000 shares; Retail: 9,78,000 shares; Market Maker: 1,50,000 shares. Minimum retail application is 2 lots (2,000 shares) at ₹2,70,000.
The anchor bidding for Kratikal Tech Limited BSE SME IPO is scheduled for June 29, 2026, one working day before the issue opens on June 30, 2026. Anchor investors will be allotted up to 8,31,000 shares from the QIB portion.
Lock-in: The anchor allocation follows standard SME IPO norms, where 50% of anchor shares are locked in for 30 days and the remaining 50% for 90 days from the listing date of July 7, 2026 on BSE SME.
The anchor allocation details and investor list will be disclosed in the anchor book before the IPO opening. Beeline Capital Advisors Pvt. Ltd. is the BRLM and KFin Technologies Ltd. is the registrar.
The figures for FY26 were revenues worth ₹36.72 Cr, EBITDA worth ₹9.08 Cr, and PAT of ₹6.14 Cr. Revenues increased from ₹13.28 Cr in FY24 to ₹21.15 Cr in FY25 to ₹36.72 Cr in FY26, showing an increase of 73% in FY26. PAT increased from ₹3.20 Cr in FY24 to ₹4.23 Cr in FY25 to ₹6.14 Cr in FY26. Great margin with PAT margin of 20.30% and EBITDA margin of 26.44% in FY25 with great return ratios like ROE of 46.76% and ROCE of 45.73%.
Action Links:
To apply for Kratikal Tech Limited IPO, open a demat account here
Kratikal Tech Limited IPO Subscription Status: Check live subscription here
Kratikal Tech Limited IPO GMP Update: Check latest grey market premium here
Kratikal Tech Key Highlights:
Kratikal Tech Ltd. is a cybersecurity firm driven by artificial intelligence that works through the following two complementary business lines: Threatcop (People Security Management: Phishing Simulation, Training, Incident Response) and Kratikal (Technology & Process Security: Vulnerability Assessment, Penetration Testing, Security Audits, Managed Security Services). The company caters to large corporations and financial organizations in India and has been extending its operations globally through its subsidiaries in UAE (Threatcop FZ LLC) and USA (Threatcop AI Inc). GMP on 24th June 2026: ₹14, suggesting a listing price of about ₹149 (+10.4% higher than the issue price). Promoters: Mr. Pavan Kumar (CMD & CEO), Mr. Paratosh Kumar, and Mr. Dip Jung Thapa.
Kratikal Tech Risk Factors:
The risks of Kratikal Tech Limited IPO are mentioned below:
Small Absolute Size: The firm has robust margins and returns but is small in absolute terms of size (₹36.72 Cr in FY26), making the company vulnerable to any revenue hit due to no institutional coverage.
Competing With Larger Global Firms: Cyber security business has very large global competitors (Palo Alto Networks, CrowdStrike, Check Point). Competing with these firms with their larger resource and technological advantage is difficult.
Execution Risk Associated With Internationalization: The use of IPO money for UAE and USA subsidiaries for sales and marketing, and employee training has risks associated with execution and geopolitical issues.
Revenue Volatility Due To Project Work: Revenue is also derived from project work (security audit, penetration test), which are once in a while activities and may lead to volatility in quarterly revenues.
Revenue Fluctuation Due To SaaS Renewal: The recurring revenue model for Threatcop SaaS relies upon client renewal and retention rate, and an increase in churn could hurt revenues.
Risk Of Limited Liquidity Post Listing: Being a technology company listed on the BSE SME index post listing liquidity would be limited.
Kratikal Tech Expert Analysis:
Kratikal Tech BSE SME book-built IPO is priced at ₹128–₹135 per share (face value ₹10), aggregating up to ₹39.69 Cr at the upper price band, entirely a fresh issue with no OFS component.
Basic details of the IPO:
Type of IPO: Book-built SME IPO (BSE SME)
Uses of funds: Investment in UAE/USA subsidiaries for sales & marketing and workforce development, product development, and general corporate purposes
Anchor bidding: June 29, 2026 | Opens: June 30, 2026 | Closes: July 2, 2026 | Allotment: July 3, 2026 | Listing: July 7, 2026 (BSE SME)
Lead Manager: Beeline Capital Advisors Pvt. Ltd. | Registrar: KFin Technologies Ltd.
Expert View on the IPO:
Kratikal Tech falls under the category of the cybersecurity theme that offers high growth potential with a healthy mix of SaaS and consulting income streams, robust margins (PAT Margin 20.30%, EBITDA Margin 26.44%), zero debt, and excellent returns on investment (ROE 46.76%, ROCE 45.73%). The unique concept of People-Process-Technology Security using Threatcop and Kratikal is what sets the company apart. With GMP at ₹14 (10.4% premium over IPO price), there is no strong positive sentiment in the market. The company is relatively small in size and internationalization via subsidiaries involves risk.
Should you invest in Kratikal Tech?
Recommended for risk-taking investors looking to gain exposure to the emerging Indian industry of AI-based cybersecurity that is driven by a Saas platform with favorable margin and return ratios.
Consider investing when:
You are looking to gain exposure to an AI-based cybersecurity firm that has a favorable PAT margin (20.30%) and ROE (46.76%) and also has plans for international expansion in UAE and USA.
You are okay with the lack of liquidity on the BSE SME exchange and the associated risks in investing in a small-cap technology company operating in an international cybersecurity industry.
Do not invest when:
Risk-averse to the relatively small size of revenue, international expansion risks, and competition from global giants of cybersecurity.
Looking for a large-cap technology company or a cybersecurity firm with international experience.
Investors are advised to exercise discretion and refer to the full DRHP/RHP document before reaching any investment decision. This analysis is for informative purposes and not investment advice.
Action Links:
To apply for Kratikal Tech Limited IPO, open a demat account here
Kratikal Tech Limited IPO Subscription Status: Check live subscription here
Kratikal Tech Limited IPO GMP Update: Check latest grey market premium here
1. What is the Kratikal Tech Limited IPO open and close date?
Kratikal Tech BSE SME IPO opens on June 30, 2026 and closes on July 2, 2026. Allotment is on July 3, refunds and demat credit on July 6, and the tentative listing date on BSE SME is July 7, 2026.
Track Kratikal Tech Limited IPO subscription status live here from Finnpick.
2. What is the Kratikal Tech Limited IPO price band and lot size?
The IPO price band is ₹128–₹135 per share (face value ₹10). The lot size is 1,000 shares. Retail investors must apply for a minimum of 2 lots (2,000 shares) amounting to ₹2,70,000 at the upper price band.
3. What is Kratikal Tech Limited IPO total size?
Kratikal Tech IPO is a BSE SME IPO of 29,40,000 equity shares aggregating up to ₹39.69 Cr at upper price band, entirely a fresh issue with no OFS component.
4. How to apply for the Kratikal Tech Limited IPO?
Open a demat here (Zerodha/Upstox/AngelOne) or apply ASBA by July 2, 4 PM. Monitor Kratikal Tech Limited IPO subscription tracker here. Ensure your demat account is active and UPI mandate is approved before the closing time.
5. How to check Kratikal Tech Limited IPO Allotment Status?
The allotment date is on July 3, 2026. Check allotment status on KFin Technologies Ltd. portal at kfintech.com using PAN, Application Number, or DP/Client ID.
6. What is Kratikal Tech Limited IPO GMP today and subscription status?
Current Grey Market Premium (GMP) stands at ₹17 as of June 28, indicating listing at the price range of ₹152 - check daily updates of Kratikal Tech Limited IPO GMP trends here and live subscription status here from June 30th opening only on Finnpick.
7. What does Kratikal Tech Limited specialize in?
Kratikal Tech Limited is an AI-driven SaaS cybersecurity company offering People Security Management through its Threatcop platform (phishing simulation, employee training, incident response) and Technology & Process Security through the Kratikal brand (vulnerability assessment, penetration testing, security audits, managed security services).
8. When is the Kratikal Tech Limited IPO listing date?
Kratikal Tech IPO is scheduled to list on BSE SME on July 7, 2026. Allotment is on July 3, with refunds and demat credits on July 6, 2026.
9. What are the Kratikal Tech Limited IPO proceeds utilization details?
The IPO proceeds of ₹39.69 Cr will be utilised for investment in Threatcop FZ LLC (UAE) and Threatcop AI Inc (USA) for sales & marketing and workforce development, investment in product development, and general corporate purposes.
10. Who are the promoters of Kratikal Tech Limited?
The promoters of Kratikal Tech Limited are Mr. Pavan Kumar (Chairman, Managing Director & CEO), Mr. Paratosh Kumar, and Mr. Dip Jung Thapa.
11. Should I apply for the Kratikal Tech IPO?
You may consider applying if you are comfortable with an AI-driven SaaS cybersecurity company with strong margins (PAT margin 20.30%), high ROE (46.76%), a GMP of ₹14, and a clear international expansion strategy. Avoid risk-averse about the company's small absolute revenue scale, international expansion risks, and BSE SME liquidity constraints. Read the RHP and consult a SEBI-registered advisor before investing.
