Comparison between Kanishk Aluminium India IPO and Logiciel Solutions IPO.
Kanishk Aluminium India IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Logiciel Solutions IPO is a SME Bookbuilding proposed to list at BSE SME.
| Kanishk Aluminium India IPO | Logiciel Solutions IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Sun Capital Advisory Services Pvt.Ltd. | Fintellectual Corporate Advisors Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | Sunflower Broking Pvt.Ltd. | Prabhat Financial Services Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Kanishk Aluminium India IPO is up to ₹27.74 Cr whereas the issue size of the Logiciel Solutions IPO is up to ₹37.90 Cr. The final issue price of Kanishk Aluminium India IPO is ₹73.00 per share and of Logiciel Solutions IPO is ₹193.00 per share.
| Kanishk Aluminium India IPO | Logiciel Solutions IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹183.00 per share | |
| Issue Price (Upper) | ₹193.00 per share | |
| Issue Price (Final) | ₹73.00 per share | ₹193.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 600 shares |
| Fresh Issue Size | 38,00,000 shares | 15,90,600 shares |
| Fresh Issue Size (Amount) | up to ₹27.74 Cr | up to ₹30.70 Cr |
| OFS Issue Size | 0 shares | 3,73,200 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹7.20 Cr |
| Issue Size Total | 38,00,000 shares | 19,63,800 shares |
| Issue Size Total (Amount) | up to ₹27.74 Cr | up to ₹37.90 Cr |
Kanishk Aluminium India IPO opens on Jan 28, 2026, while Logiciel Solutions IPO opens on Nov 28, 2025. The closing date of Kanishk Aluminium India IPO and Logiciel Solutions IPO is Jan 30, 2026, and Dec 02, 2025, respectively.
| Kanishk Aluminium India IPO | Logiciel Solutions IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Jan 28, 2026 | Nov 28, 2025 |
| Issue Close | Jan 30, 2026 | Dec 02, 2025 |
| Basis Of Allotment (Tentative) | Feb 02, 2026 | Dec 03, 2025 |
| Initiation of Refunds (Tentative) | Feb 03, 2026 | Dec 04, 2025 |
| Credit of Share (Tentative) | Feb 03, 2026 | Dec 04, 2025 |
| Listing date (Tentative) | Feb 04, 2026 | Dec 05, 2025 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Kanishk Aluminium India IPO P/E ratio is 22.66, as compared to Logiciel Solutions IPO P/E ratio of 20.35.
| Kanishk Aluminium India IPO | Logiciel Solutions IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Standalone)
| Company Financials (Restated)Logiciel Solutions Ltd.'s revenue increased by 24% and profit after tax (PAT) rose by 38% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 99.99 | 82.78 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 70.24 | 59 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 22.66 | 20.35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹98.11 Cr. | ₹144.13 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 20.21 | 32.80 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 14.61 | 31.95 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.37 | 0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.22 | ₹9.48 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 20.21 | 32.80 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Kanishk Aluminium India IPO Retail Individual Investors (RII) are offered 19,00,800 shares while in Logiciel Solutions IPO retail investors are offered 19,00,800 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Kanishk Aluminium India IPO and 1,00,200 shares in Logiciel Solutions IPO.
| Kanishk Aluminium India IPO | Logiciel Solutions IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 0 shares |
| Market Maker Reservation | 2,00,000 shares | 1,03,800 shares |
| QIB | 0 shares | 1,00,200 shares |
| NII | 18,99,200 shares | 9,28,800 shares |
| RII | 19,00,800 shares | 9,34,800 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 38,00,000 shares | 19,63,800 shares |
Kanishk Aluminium India IPO subscribed 1.04x in total, whereas Logiciel Solutions IPO subscribed 2.04x.
| Kanishk Aluminium India IPO | Logiciel Solutions IPO | |
|---|---|---|
| QIB (times) | 1.32x | |
| NII (times) | 0.23x | 0.73x |
| Big NII (times) | 0.43x | |
| Small NII (times) | 1.32x | |
| RII (times) | 1.86x | 3.43x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.04x | 2.04x |
