Kratikal Tech Limited to Raise ₹39.69 Crore Through SME IPO

Saurabh Jain of Beeline Capital Advisors, Pavan Kumar, Paratosh Kumar, Dip Jung Thapa and Vinay Singh of Kratikal Tech Limited

Mumbai, June 23, 2026 – Cybersecurity SaaS provider Kratikal Tech Limited is set to launch its Initial Public Offering (IPO) on June 30, 2026, with plans to raise up to ₹39.69 crore at the upper end of the price band. The issue will be listed on the BSE SME platform.

The IPO comprises 29,40,000 equity shares of face value ₹10 each, offered in a price band of ₹128–₹135 per share. Investors can bid in lots of 1,000 shares. The anchor portion opens on June 29, followed by the public issue from June 30 to July 2, 2026.

Allocation details include up to 8,31,000 shares for QIB anchor investors, not more than 5,58,000 for Qualified Institutional Buyers, at least 4,23,000 for Non-Institutional Investors, 9,78,000 for Individual Investors, and 1,50,000 for the Market Maker.

Proceeds from the IPO will be used to fund investments in subsidiaries Threatcop FZ LLC (UAE) and Threatcop AI Inc (USA), focusing on sales and marketing, workforce expansion, product development, and general corporate purposes.

Speaking about the offering, Pavan Kumar, Chairman, Managing Director & CEO, said: “The cybersecurity landscape is evolving rapidly, and organizations today require intelligent, proactive, and comprehensive solutions to safeguard their people, processes, and technology. The launch of our IPO represents a significant milestone in our journey and reflects the confidence we have in our business model, technology capabilities, and growth prospects.”

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AI-Powered Cybersecurity Across People, Process & Technology

Founded as an AI-driven cybersecurity company, Kratikal Tech serves more than 677 clients with a team of 200 professionals. Its dual-layered approach combines People Security Management through the Threatcop platform, which trains employees against phishing and other human-centric risks, and Technology & Process Security under the Kratikal brand, offering defense for enterprise technology stacks.

In FY26, the company reported ₹3,671.59 lakh in revenue, ₹908.08 lakh EBITDA, and ₹614.25 lakh PAT, underscoring its growth trajectory.

Kratikal Tech’s IPO aligns with the maturing SME IPO ecosystem, where cybersecurity is a high-demand sector amid global digital transformation. Its strong financials, differentiated AI-driven platform, and international expansion plans could appeal to investors seeking fundamentally strong, scalable businesses. However, given the correction trend in SME IPOs, investors will likely scrutinize Kratikal’s governance, earnings sustainability, and ability to deliver on global growth ambitions.

The IPO is being managed by Beeline Capital Advisors Pvt. Ltd., with KFin Technologies Ltd. as registrar.

Om Power Transmission Limited Gears Up for ₹ 150 Crore IPO; Subscription Opens April 9

MUMBAI – Om Power Transmission Limited, a Gujarat-based specialist in high-voltage power infrastructure, is set to enter the primary market with its Initial Public Offering (IPO) on Thursday, April 09, 2026. The company has established a price band of ₹ 166 to ₹ 175 per equity share, aiming to raise approximately ₹ 15,006.25 lakhs at the upper end of the price spectrum.

Offer Structure and Timeline

The public issue consists of a fresh issue of up to 75,75,000 equity shares and an offer for sale (OFS) of up to 10,00,000 equity shares by existing shareholders.

Investors can bid for a minimum of 85 equity shares and in multiples thereof. The three-day subscription window will close on Monday, April 13, 2026, while the anchor investor bidding is scheduled for April 08. The shares are proposed to be listed on both the National Stock Exchange (NSE) and the BSE Limited.

A Decade of Infrastructure Excellence

Founded in 2011, Om Power Transmission has carved a niche in the Engineering, Procurement, and Construction (EPC) segment. The company focuses on high-voltage (HV) and extra-high voltage (EHV) transmission lines, substations, and underground cabling.

To date, the firm has commissioned over 1,000 circuit kilometers (CKM) of transmission lines and 11 substations. Its expertise spans the full EPC value chain—from design and engineering to commissioning and long-term operation and maintenance (O&M) services.

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Financial Performance: A Growth Story

The company’s financial trajectory has seen a sharp upward curve. Between Fiscal 2023 and Fiscal 2025, Om Power’s revenue from operations surged from ₹ 12,023.63 lakhs to ₹ 27,943.51 lakhs, representing a CAGR of 52.45%. Even more impressive is the bottom-line growth; profit for the year grew at a CAGR of 88.17% over the same period.

For the nine-month period ending December 31, 2025, the company reported a robust revenue of ₹ 27,454.28 lakhs and a profit after tax of ₹ 2,336.80 lakhs, signaling sustained momentum heading into the IPO.

Strategic Roadmap

The net proceeds from the fresh issue are earmarked for critical growth drivers:

• Capital Expenditure: Purchasing advanced machinery and equipment to enhance execution capacity.
• Debt Management: Pre-payment or repayment of certain outstanding borrowings to strengthen the balance sheet.
• Working Capital: Supporting the long-term operational needs of increasingly complex projects.

"The IPO is expected to support our next phase of growth by strengthening operational capabilities and supporting participation in larger projects," said Kalpesh Dhanjibhai Patel, Chairman and Executive Director.

Market Participation

The offer is structured to cater to diverse investor classes:

• Qualified Institutional Buyers (QIB): Up to 42,87,175 shares.
• Non-Institutional Investors (NII): At least 12,86,475 shares.
• Retail Individual Investors (RII): At least 30,01,350 shares.

Beeline Capital Advisors Private Limited is acting as the Book Running Lead Manager, with MUFG Intime India Private Limited serving as the Registrar to the issue.

- Paresh B. Mehta