AI-driven cybersecurity SaaS company Kratikal Tech Limited has announced the launch of its Initial Public Offering (IPO), which will open for subscription on June 30, 2026, with plans to raise ₹39.69 crore at the upper end of the price band. The company’s shares will be listed on the BSE SME platform.
The public issue comprises 29.40 lakh equity shares with a face value of ₹10 each, priced in the range of ₹128-135 per share. The anchor investor portion will open on June 29, while the issue will remain open from June 30 to July 2, 2026.
The company plans to utilise the proceeds to invest in its subsidiaries Threatcop FZ LLC (UAE) and Threatcop AI Inc. (USA) for sales and marketing activities, workforce expansion and product development, along with meeting general corporate requirements.
Beeline Capital Advisors Private Limited is the book-running lead manager to the issue, while KFin Technologies Limited is the registrar.
Strengthening the cybersecurity portfolio
Founded as an AI-driven cybersecurity software company, Kratikal Tech currently serves more than 677 enterprise customers through a workforce of around 200 professionals.
Its business is organised around two primary offerings:
-Threatcop, a people security management platform that focuses on reducing human-centric cyber risks through phishing simulations, awareness training and employee assessments.
-Kratikal, which provides technology and process security services, including vulnerability assessments, penetration testing and security consulting.
Together, these offerings aim to help organisations strengthen cybersecurity across people, processes and technology.
Focus on AI-powered proactive security
Speaking on the IPO, Pavan Kumar, Chairman, Managing Director and CEO, Kratikal Tech Limited, said the company plans to accelerate international expansion while strengthening its product portfolio.
“The cybersecurity landscape is evolving rapidly, and organisations today require intelligent, proactive and comprehensive solutions to safeguard their people, processes and technology. The IPO represents an important milestone for Kratikal Tech and will support our global expansion, product innovation and investments in talent and go-to-market capabilities.”
The company’s technology leadership said Kratikal is expanding beyond preventive and reactive cybersecurity into active threat prevention using AI.
The company is currently developing an AI-powered email security platform capable of analysing behavioural indicators associated with incoming emails before they reach users.
“The market today largely focuses on proactive awareness and reactive defence. Our next product is designed for active protection. Instead of responding after an incident, it analyses the behaviour of incoming emails across multiple parameters and determines whether they should reach a user’s inbox or be blocked and reported to administrators.”
The executive added that Kratikal’s long-standing cybersecurity services business provides a significant advantage in building AI models.
“Over the past decade, our services business has generated extensive security data across customer environments. That historical intelligence gives us valuable insights for training our AI models and developing products that can identify emerging threats more effectively.”
Cybersecurity demand expected to grow
The company said increasing digital transformation initiatives, evolving cyber threats and rising enterprise security investments are creating opportunities for AI-based cybersecurity platforms.
Kratikal also expects growing emphasis on indigenous cybersecurity capabilities and stronger security regulations to support long-term demand for integrated security solutions covering employees, infrastructure and applications.
For the financial year ended FY26, the company reported:
-Revenue: ₹36.72 crore
-EBITDA: ₹9.08 crore
-Profit after tax: ₹6.14 crore
The IPO proceeds will support the company’s international expansion strategy, product development roadmap and investments in AI-driven cybersecurity offerings.