Kratikal Tech Ipo
Kratikal Tech IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
Beeline Capital Advisors Pvt. Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | June 30, 2026 |
| IPO Close Date | July 2, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹128 to ₹135 Per Share |
| Issue Size | Approx ₹40 Crores |
| Fresh Issue | Approx ₹40 Crores |
| Issue Type | Bookbuilding Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,000 | ₹2,70,000 |
| Retail Maximum | 2 | 2,000 | ₹2,70,000 |
| S-HNI Minimum | 3 | 3,000 | ₹4,05,000 |
| S-HNI Maximum | 7 | 7,000 | ₹9,45,000 |
| B-HNI Minimum | 8 | 8,000 | ₹10,80,000 |
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | 8,31,000 Shares | 28.27% |
| QIB (Ex. Anchor) | 5,58,000 Shares | 18.98% |
| NII Shares Offered | 4,23,000 Shares | 14.39% |
| Retail Shares Offered | 9,78,000 Shares | 33.27% |
| Anchor Bidding Date | June 29, 2026 |
| Anchor Investors List | |
| Shares Offered | 8,31,000 Shares |
| Anchor Size | 11.22 Cr. |
| lock-in period end date 50% shares (30 Days) | Aug 2, 2026 |
| lock-in period end date 50% shares (90 Days) | Oct 1, 2026 |
| IPO Open Date: | June 30, 2026 |
| IPO Close Date: | July 2, 2026 |
| Basis of Allotment: | July 3, 2026 |
| Refunds: | July 6, 2026 |
| Credit to Demat Account: | July 6, 2026 |
| IPO Listing Date: | July 7, 2026 |
| IPO Bidding Cut-off Time: | July 2, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 81,60,545 | 72.58% |
| Promoter Holding Post Issue | 1,11,00,545 | 53.36% |
| Purpose | Crores |
| Investment in Threatcop FZ LLC, UAE and Threatcop AI Inc, USA (our subsidiaries) for expenditure towards sales & marketing activities and development of workforce resources. | ₹23.08 |
| Investment in product development | ₹9.23 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹13.28 | ₹9.36 | ₹3.20 | ₹9.05 |
| 2025 | ₹21.15 | ₹15.65 | ₹4.23 | ₹15.58 |
| 2026 | ₹36.86 | ₹28.48 | ₹6.14 | ₹30.12 |
| KPI | Values |
| ROE: | 34.95% |
| ROCE: | 34.35% |
| EBITDA Margin: | 24.73% |
| PAT Margin: | 16.73% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹7.86 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 25.57% |
| Net Asset Value (NAV): | ₹29.43 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| AAA Technologies Limited | 1.61 | 55.38 | 6.66% | 24.14 | 20.38 Cr. |
| Accedere Limited | 1.37 | 44.04 | 12.51% | 10.98 | 4.15 Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |