Kratikal's IPO oversubscribed

Kathmandu, July 10

Kratikal Tech Limited, the India-based AI-powered cybersecurity company co-founded by Nepali entrepreneur Dip Jung Thapa, has achieved a landmark milestone with an impressive 205.08 times on the stock market.  

"Its Initial Public Offering (IPO) was oversubscribed by an impressive 205.08 times on the Bombay Stock Exchange (BSE), marking what is believed to be the first listing of a venture founded by a Nepali entrepreneur on the Indian stock market," the company informed in a statement.

The IPO opened for subscription on June 30, 2026, and closed on July 2, 2026, receiving overwhelming investor confidence.

According to the company, founded in 2013 in Noida by three college friends — Dip Jung Thapa, Pavan Kumar, and Paratosh Kumar — Kratikal Tech Limited has grown into a trusted provider of cutting-edge cybersecurity solutions.

Thapa, a native of Khotang, Nepal, serves as Co-Founder and Chief Operating Officer. A B.Tech graduate from Motilal Nehru National Institute of Technology (MNNIT), he previously worked as a Product Manager at Paytm.

“Seeing our vision validated by such massive investor enthusiasm is deeply humbling. This IPO is not the destination, but the launchpad. With fresh capital, we are now geared to accelerate our global expansion, strengthen our innovative platforms, and create even greater impact in cybersecurity across borders,” Thapa said.

The spark for Kratikal Tech Limited came in 2013 when one of the co-founders had his email hacked. That personal incident highlighted a widespread need and inspired the trio to build practical, enterprise-grade cybersecurity solutions.

Today, the company offers an AI-driven, SaaS-based security platform along with expert consulting and regulatory compliance services. Its solutions serve clients across key sectors including BFSI, fintech, telecom, IT/ITES, healthcare, pharmaceuticals, e-commerce, and manufacturing in India and international markets.

Having raised funding from four angel investors since 2017, Kratikal Tech Limited is currently valued at approximately Rs. 3.23 billion. "Proceeds from the IPO will fuel aggressive global expansion plans, including entry into the United States and the Middle East," read the statement. The company has also partnered with GAP Technologies in Nepal to strengthen cybersecurity capabilities in its founders’ homeland.

Published in The Rising Nepal daily on 11 July 2026.