Founded in 2013, Kratikal Tech Ltd. is an AI-driven Software-as-a-Service (SaaS) based cybersecurity firm headquartered in Noida. The company specializes in cybersecurity consulting, vulnerability assessment, penetration testing, managed security services, and security awareness training solutions. Its proprietary platforms, including Threatcop and other cybersecurity solutions, help organizations strengthen their cyber resilience and safeguard digital assets. The company serves a diverse client base across industries and has expanded its presence globally through subsidiaries in the UAE and the USA.
Kratikal Tech is coming out with its SME IPO on the BSE platform to raise funds for global expansion, product development, and strengthening its sales and marketing capabilities.
Financial Performance:
Profit & Loss statement (Rs. cr.)
| Particulars | FY25 | FY24 | FY23 |
|---|---|---|---|
| Total Income | 21.15 | 13.28 | 9.32 |
| EBITDA | 5.51 | 3.87 | (0.12) |
| PAT | 4.23 | 3.20 | (0.06) |
| Net Worth | 11.55 | 6.56 | 3.10 |
Balance Sheet Highlights (Rs. cr.)
| Particulars | FY25 | FY24 | FY23 |
|---|---|---|---|
| Total Assets | 15.58 | 9.05 | 4.16 |
| Total Borrowings | 0.01 | 0.03 | 0.01 |
| Reserves & Surplus | 11.52 | 6.53 | 3.07 |
Kratikal Tech has reported strong financial growth over the last three years. Revenue rose from Rs. 9.32 cr. in FY23 to Rs. 21.15 cr. in FY25, while PAT surged from a marginal loss in FY23 to Rs. 4.23 cr. in FY25. The company also maintains a virtually debt-free balance sheet, reflecting sound financial health.
IPO Details:
| Particulars | Details |
|---|---|
| IPO Type | Book Built Issue |
| Exchange | BSE SME |
| IPO Opens | 30th June 2026 |
| IPO Closes | 2nd July 2026 |
| Tentative Allotment | 3rd July 2026 |
| Tentative Listing | 7th July 2026 |
| Face Value | Rs.10 per share |
| Price Band | Rs.128 – Rs.135 per share |
| Issue Size | Rs.39.69 cr. |
| Fresh Issue | 29.40 lakh equity shares |
| Offer for Sale | Nil |
| Market Maker Portion | 1.50 lakh shares |
| Lot Size | 1,000 shares |
| Minimum Investment | Rs.1.35 lakh (1 lot) |
| Retail Application (Cut-off) | 2,000 shares (Rs.2.70 lakh) |
Shareholding Pattern:
| Particulars | Shares |
|---|---|
| Pre-Issue Share Capital | 81,60,545 shares |
| Post-Issue Share Capital | 1,11,00,545 shares |
Objects of the Issue:
The company intends to utilize the net proceeds from the IPO for:
- Investment in Threatcop FZ LLC, UAE for sales, marketing, and workforce expansion.
- Investment in Threatcop AI Inc., USA for business development and growth initiatives.
- Product development and enhancement of cybersecurity solutions.
- General corporate purposes.
Key Strengths:
- AI-driven cybersecurity and SaaS business model.
- Proprietary cybersecurity products and platforms.
- Presence in high-growth cybersecurity industry.
- Strong revenue and profitability growth.
- Asset-light and virtually debt-free balance sheet.
- Growing international footprint through subsidiaries in the UAE and USA.
- Experienced management team with domain expertise.
Conclusion:
Kratikal Tech Ltd. operates in the rapidly expanding cybersecurity segment, a sector benefiting from rising digital adoption and increasing cyber threats worldwide. The company has demonstrated robust revenue growth, improving profitability, and strong balance sheet strength. The IPO proceeds are expected to support global expansion and product innovation, positioning the company to capitalize on growing demand for cybersecurity solutions. However, as an SME IPO, investors should also consider liquidity and business execution risks before making an investment decision.
