Nepali entrepreneur Dip Jung Thapa’s Kratikal Tech IPO oversubscribed 205.08 times on BSE

NOIDA, INDIA: Kratikal Tech, the India-based AI-powered cybersecurity company co-founded by Nepali entrepreneur Dip Jung Thapa, reported that its initial public offering (IPO) on the Bombay Stock Exchange was oversubscribed by 205.08 times. The IPO opened for subscription on June 30, 2026 and closed on July 2, 2026.

The company said proceeds from the IPO are intended to support international expansion, including planned entry into the United States and the Middle East. It has raised funding from four angel investors since 2017 and is currently valued at approximately NPR 32.3 million.

Kratikal Tech said it has entered a partnership with GAP Technologies in Nepal to strengthen cybersecurity capabilities in the founders’ homeland. The founders said the strong investor response to the IPO reflects confidence in the company’s technology and growth strategy.

Founded in 2013 in Noida by three college friends — Dip Jung Thapa, Pavan Kumar and Paratosh Kumar — Kratikal Tech grew out of a response to a co-founder’s email being hacked and developed into a provider of enterprise cybersecurity solutions.

The company offers an AI-driven, SaaS-based security platform along with consulting and regulatory compliance services for clients in banking and financial services; fintech; telecom; IT/ITES; healthcare; pharmaceuticals; e-commerce; and manufacturing in India and overseas, the statement said.

Thapa, a native of Khotang district in Nepal who serves as co-founder and chief operating officer, said, “From the hills of Khotang to the trading floor of the Bombay Stock Exchange — this journey has been nothing short of extraordinary. 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.”