๐ Based on Grey Market Premium (GMP) & Subscription Data โ not financial advice
GMP Signal
Very High Interest
GMP: +42.2% above issue price
โญ Overall Signal
Very High Interest
GMP + Subscription combined Not financial advice
Subscription Signal
Very High Interest
220.71x subscribed
Issue Details
Fresh Issueโน40 Cr
Offer for Sale (OFS)โ
Total Issue Sizeโน40 Cr
Face Valueโน10
Market Cap (at issue)โน150 Cr
Listing ExchangeBSE SME
๐ Open Date30 Jun 2026
๐ Close Date02 Jul 2026
โ๏ธ Cut-off Price Date02 Jul 2026
๐๏ธ Allotment Date03 Jul 2026
๐ธ Refund Initiation04 Jul 2026
๐ Demat Credit04 Jul 2026
๐ Listing Date07 Jul 2026
Objects of the Issue
๐ฐ Investment in subsidiaries in UAE and USA for sales/marketing and workforce โ โน23.08 Cr
๐ฐ Product development (Threatcop & AutoSecT) โ โน9.23 Cr
๐ฐ General Corporate Purposes
About the Company
Incorporated in 2013, Kratikal Tech Limited is an AI-driven cybersecurity company providing SaaS-based cyber risk management through two integrated segments: People Security Management (PSM) under the Threatcop brand, and Technology & Process Security Services under the Kratikal brand. Products include Threatcop (phishing simulation, security awareness), AutoSecT (AI-powered VAPT and vulnerability management), GRC services, virtual CISO, and Red Team exercises. It is CERT-In empanelled and NSE-empanelled for system audits. 200 employees, serving BFSI, fintech, telecom, IT, healthcare, and manufacturing sectors.
Strengths
โ Revenue grew 74% and PAT rose 61% in FY26 vs FY25
โ Zero debt โ Debt/Equity of 0.00
โ CERT-In empanelled and NSE-empanelled โ strong regulatory credibility
โ Scalable SaaS model with recurring revenue from Threatcop and AutoSecT platforms
Risk Factors
โ ๏ธ Small scale โ โน37 Cr revenue in FY26
โ ๏ธ Cybersecurity is a highly competitive market with large global players
โ ๏ธ Revenue from international subsidiaries (UAE, USA) adds execution risk
โ ๏ธ High promoter dilution post-IPO (72.58% to 53.36%)
Kratikal Tech IPO is a SME IPO with an issue size of โน40 Cr at a price band of โน128 โ โน135. Minimum lot size is 1000 shares (minimum investment ~โน1,35,000). Opens on 30 Jun 2026 and closes on 02 Jul 2026. Proposed listing on BSE SME. Registrar: KFin Technologies.
Apply through ASBA via your bank's net banking, or via UPI through Zerodha, Groww, Upstox, Angel One, or your broker's app. Select the IPO, choose lot quantity, and approve the UPI mandate or ASBA block.
Opens on 30 Jun 2026 and closes on 02 Jul 2026. Cut-off price date: 02 Jul 2026.
Lot size is 1000 shares. At the upper price band of โน135, minimum investment is approximately โน1,35,000.
Allotment date is 03 Jul 2026. Refund initiation and demat credit expected by 04 Jul 2026.
Expected to list on 07 Jul 2026 on BSE SME. Current GMP: +Rs.57 (~42.2% estimated gain). Indicative only โ not a guarantee.
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