Kavach Cyberworks Limited
Information Technology · SME IPO
Last updated 2026-08-01 18:30 IST
Key details
- Price band
- Rs 143 – 152
- Face value
- Rs 10
- Lot size
- 800 shares
- Minimum investment
- Rs 1,21,600
- Issue size
- Rs 74 Cr
- Fresh issue
- Rs 74 Cr
- Offer for sale
- Rs 0 Cr
- Employee discount
- Not offered
- Retail quota
- 35% of the issue
- Registrar
- Bigshare Services Private Limited
- Exchanges
- NSE Emerge
- Opening date
- 18 Aug 2026
- Closing date
- 20 Aug 2026
- Allotment date
- 21 Aug 2026
- Listing date
- 25 Aug 2026
Explain this IPO simply
The same information as the prospectus, written the way you would explain it to a friend.
What the company does
Kavach Cyberworks sells cybersecurity monitoring services to mid-sized banks and manufacturing companies, charging an annual subscription per protected device.
How it earns money
Annual subscriptions plus one-time setup and audit fees.
Why it is launching an IPO
Funds are for working capital, hiring security analysts and general corporate purposes.
Where the IPO money will be used
Working capital (62%), Hiring and training (22%), General corporate purposes (16%).
Major strengths
Subscription revenue renews annually, Low borrowings.
Major risks
Small scale of operations, Customer concentration, Limited peer data available.
Clarity score: 63 / 100
What this score means
Financial performance
Revenue moved from Rs 48 Cr in FY2023 to Rs 81 Cr in FY2025. Profit after tax over the same period moved from Rs 4.2 Cr to Rs 8.4 Cr. These are past figures only and are not a forecast.
Potential strengths
Subscription revenue renews annually
Most contracts are annual and have historically renewed.
Source: RHP, Our Business, page 84
Low borrowings
The company reports minimal long-term debt.
Source: RHP, Financial Indebtedness, page 162
Potential risks
Small scale of operations
SME issues are generally smaller and shares can trade in low volumes.
Source: RHP, Risk Factors, page 22
Customer concentration
A limited number of clients contribute a large share of revenue.
Source: RHP, Risk Factors, page 25
Limited peer data available
Comparable listed companies of similar size are few, making valuation harder to judge.
Source: RHP, Basis for Offer Price, page 118
Use of IPO funds
Money marked as going to selling shareholders does not reach the company.
Valuation
- 24.1
- 3.6
- Earnings per share
- 6.31
- Return on net worth
- 15.6%
- Net asset value
- 42.1
Peer comparison
| Company | P/E | RoNW |
|---|---|---|
| Data unavailable | Data unavailable | Data unavailable |
Peer data is incomplete
Subscription status
Subscription has not started
Live category-wise subscription figures appear here once the issue opens and the exchanges publish data.
Important documents
IPO timeline
IPO opens
18 Aug 2026
First day you can apply.
IPO closes
20 Aug 2026
Last day to apply, usually by evening.
Allotment
21 Aug 2026
Who gets shares is decided.
Refund / unblock
22 Aug 2026
Blocked money is released if you did not get shares.
Shares in demat
22 Aug 2026
Allotted shares reach your demat account.
Listing day
25 Aug 2026
Shares start trading on the exchange.
Frequently asked questions
Where this information comes from
- Last updated
- 2026-08-01 18:30 IST
- Last verified
- 2026-07-30
- Primary source
- RHP filed with NSE Emerge
- Secondary source
- Data unavailable