Logix Built Solutions Files IPO Papers: Fresh Issue of 19 Lakh Shares on BSE SME

Mumbai, Oct 1 – Logix Built Solutions Ltd, based in Surat, has submitted its Draft Prospectus to the BSE SME platform. The company plans to raise a 100% fresh issue of 19,00,000 equity shares with a face value of ₹10 each. The issue has a reservation of 1,00,000 shares for the market maker and does not have an offer-for-sale component. Galactico Corporate Services Ltd is acting as the lead manager for the IPO. Simultaneously, Bigshare Services Pvt Ltd will act as the Registrar, and Aftertrade Broking Pvt Ltd will act as the Market Maker.

Company Overview

Logix Built Solutions was created in 2023 and transitioned into a public company in 2024. The company offers a range of IT services, including web and mobile app development, AI/ML-based solutions, ERPNext and custom ERP systems, UI/UX design, Salesforce and CRM solutions, animation, and web-based gaming.

Logix Built Solutions IPO Financial Highlights

In FY25, the company reported revenue of ₹934.29 lakh and a Profit After Tax of ₹240.88 lakh, resulting in an EPS of ₹5.13. Its Net Asset Value was ₹13.17, with borrowings at ₹1.84 lakh, indicating a good financial health and very low leverage.

The company was one under Logix Built Infotech, whose promoter is Siddharth Pandya, and was later transferred to the existing company through a Business Transfer Agreement. Before this issue, promoter Siddharth Pandya and Pushpak Pandya owned 99.96% of the equity.

Logix Built Solutions IPO Objectives Of The Issue

The proceeds of the IPO will be deployed towards strengthening the overall operations, specifically, ₹200 lakhs to enhance the marketing of the Company; ₹208 lakhs to strengthen the team and IT infrastructure; and ₹527 lakhs to improve product development for the Company’s Advanced Product Development activity. The balance of the proceeds will be used for general corporate purposes.

Logix Built Solutions IPO Key Risks And Outlook

The company is exposed to risks such as client concentration, related-party transactions, and failure to execute its transition to a product-driven business model. However, the company’s strong historical growth, low debt, and focus on emerging technologies present an attractive opportunity for an SME investor.

REF: https://www.bsesme.com/download/306095/SME_IPO InPrinciple/LBSL_DP_20250923222605.pdf

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