Kratikal Tech, an AI driven, software-as-a-service based cybersecurity company, plans to raise ₹40 crore through an Initial Public Offering on BSE SME platform.
The company will issue 29.40 lakh equity shares in the price band of ₹128-₹135 per share. The anchor portion will open for subscription on Monday while for other investors it starts on Tuesday, June 30.
The net proceeds from the IPO will be used for investment in Threatcop FZ LLC, UAE and Threatcop AI Inc, USA (subsidiaries) for expenditure towards sales and marketing activities and development of workforce resources, investment in product development, and general corporate purposes.
Beeline Capital Advisors has been appointed as the Book Running Lead Manager while KFin Technologies will be the registrar to the issue.
Pavan Kumar, Chairman, Managing Director & CEO, Kratikal Tech said the cybersecurity landscape has been fast evolving and corporates require intelligent, proactive and comprehensive solutions to safeguard their people, processes and technology.
“At Kratikal Tech, we have built a differentiated AI-driven cybersecurity platform that enables enterprises to strengthen their cyber resilience and stay ahead of emerging threats,” he added.
The proceeds from the issue will enable the company to accelerate global expansion, strengthen product portfolio, invest in innovation and further enhance sales, marketing and talent capabilities across key markets.
“As digital transformation continues to gain momentum worldwide, the demand for robust cybersecurity solutions is expected to grow substantially. With our proven track record, strong client relationships, and scalable SaaS-led platform, we are well-positioned to capitalize on these opportunities,” he said.