Kratikal Tech is expected to finalize share allotment for its initial public offering on Friday, July 3, following a robust subscription period.
The cybersecurity solutions provider launched its IPO on the Bombay Stock Exchange's SME platform, offering 2.94 million shares in a fresh issue designed to raise ₹40 crore to fund business expansion.
Investors who applied for the shares can now check their allotment status through the registrar's website or directly on the BSE platform.
The process marks the final administrative step before the company's shares begin trading on the exchange.
The strong demand for Kratikal Tech's shares contrasts with the tepid reception seen in other recent SME listings.
For instance, CSM Technologies, another IT solution provider, faced weak investor interest in its ₹146 crore IPO, which concluded its subscription period earlier in June.
Kratikal Tech's successful fundraising highlights continued investor appetite for cybersecurity firms in the Indian SME segment.
The company will use the proceeds to scale its operations and enhance its service offerings in a competitive market.