The Logiciel Solutions IPO will open for subscription on November 28, 2025, and close on December 2, 2025. It is a Book Built Issue, aiming to raise about ₹39.90 crores. The issue includes a fresh issue of ₹32.70 crores and an offer for sale of up to 3,73,200 equity shares.
The IPO price band has been fixed between ₹183 and ₹193 per share. The allotment will be finalised on December 3, 2025, and the listing is expected on the BSE SME platform on December 5, 2025.
Contents
Logiciel Solutions IPO Key Details
| Event | Details |
|---|---|
| IPO Open Date | November 28, 2025 |
| IPO Close Date | December 2, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹183 to ₹193 |
| Issue Size | Approx ₹39.90 crores |
| Fresh Issue | Approx ₹32.70 crores |
| Offer for Sale | 3,73,200 equity shares |
| Issue Type | Book Built Issue |
| Listing | BSE SME |
| DRHP | View PDF |
| RHP | View PDF |
Logiciel Solutions IPO
Open: 28-2 Dec
Issue Size: ₹36.30 Cr.
Objective: To build infrastructure, grow team, and upgrade IT & product development setup.
Exchange: BSE SME
Logiciel Solutions IPO GMP Today
The Logiciel Solutions IPO GMP has started showing movement in the grey market, and investors are closely tracking its early trend. As per the latest data, the IPO recorded a high GMP of ₹40 on 28th and 29th November, indicating a positive sentiment with an estimated listing gain of around 20%.
However, there were no active quotes on 1st and 2nd December, which suggests that the premium has paused for now. Such fluctuations are normal in SME IPOs, especially when demand builds gradually closer to the listing date.
The IPO opens on 28 November 2025, with a price band of ₹183–₹193 and a market lot of 1,200 shares, aiming to raise ₹39.90 crore. Investors should continue tracking the day-to-day GMP trend to understand market confidence and potential listing expectations.
Logiciel Solutions IPO Review
Logiciel Solutions has delivered consistent revenue and profit growth over the last three years. With rising demand in cloud engineering, AI/ML, and custom software development, the company’s fundamentals appear strong.
The valuation looks reasonable considering the rising profitability, high RoE, and low debt. Long-term investors may consider the IPO based on its financial performance and market potential.
Logiciel Solutions IPO Market Lot
The minimum market lot for the IPO is 1,200 shares.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 1,200 | ₹2,31,600 |
| Retail Maximum | 2 | 1,200 | ₹2,31,600 |
| S-HNI Minimum | 3 | 1,800 | ₹3,47,400 |
| S-HNI Maximum | 8 | 4,800 | ₹9,26,400 |
| B-HNI Minimum | 9 | 5,400 | ₹10,42,200 |
Logiciel Solutions IPO Reservation
| Category | Shares Offered | % Shares |
|---|---|---|
| Anchor Investor | – | – |
| QIB (Ex. Anchor) | 1,00,200 | 4.85% |
| NII | 9,28,800 | 44.92% |
| Retail | 9,34,800 | 45.21% |
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Logiciel Solutions IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | November 28, 2025 |
| IPO Close Date | December 2, 2025 |
| Basis of Allotment | December 3, 2025 |
| Refunds | December 4, 2025 |
| Credit to Demat | December 4, 2025 |
| Listing Date | December 5, 2025 |
| Bidding Cut-off Time | December 2, 2025 – 5 PM |
Promoters and Shareholding Pattern
| Particulars | Shares | % Share |
|---|---|---|
| Promoter Holding Pre-Issue | 57,73,500 | 82.78% |
| Promoter Holding Post-Issue | 74,67,900 | 59% |
Promoters
Mr. Umesh Sharma, Mr. Ajay Sharma, Mr. Prem Lal Sharma, and Mrs. Lateesh Sharma.
Objects of the Issue
The company plans to use the IPO proceeds for upgrading physical infrastructure, investing in human resources and new product development, enhancing IT infrastructure, and strengthening business development and marketing initiatives.
A portion will also be directed towards general corporate purposes.
About Logiciel Solutions
Established in 2011, Logiciel Solutions is a leading software development company specializing in cloud engineering, AI/ML solutions, UI/UX design, and end-to-end application development. The company has built a strong reputation for delivering future-ready digital products to global clients across sectors such as home improvement, real estate, energy, marketing tech, AI, and retail.
Its primary development centre is based in Ludhiana, Punjab, with a strong engineering team working on web, mobile, and cloud solutions for over a decade.
Logiciel Solutions Financial Performance
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹14.09 cr | ₹12.34 cr | ₹1.34 cr | ₹8.57 cr |
| 2024 | ₹17.10 cr | ₹11.77 cr | ₹3.97 cr | ₹12.98 cr |
| 2025 | ₹21.20 cr | ₹13.63 cr | ₹5.47 cr | ₹27.40 cr |
| September 2025 | ₹12.83 cr | ₹8.08 cr | ₹3.56 cr | ₹30.49 cr |
Logiciel Solutions IPO Valuation (FY2025)
| KPI | Value |
|---|---|
| ROE | 32.80% |
| ROCE | 31.95% |
| EBITDA Margin | 38.95% |
| PAT Margin | 26.19% |
| Debt-to-Equity | – |
| EPS (Basic) | ₹10.00 |
| P/E Ratio | N/A |
| RoNW | 32.80% |
| NAV | ₹41.09 |
Peer Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Kody Technolab Ltd | 13.82 | 52.81 | 30.33% | 62.06 | 71.77 cr |
| Systango Tech Ltd | 16.18 | 14.94 | 26.26% | 69.74 | 67.14 cr |
| Infobeans Tech Ltd | 15.51 | 36.38 | 12.09% | 136.33 | 394.78 cr |
IPO Lead Manager
Fintellectual Corporate Advisors Pvt. Ltd.
Company Address
| Details | Information |
|---|---|
| Company Name | Logiciel Solutions Ltd. |
| Address | H. No. 9-A, Main Road Sunder Nagar, Ludhiana, Punjab – 141007 |
| Phone | +91-161-4600060 |
| cs@logiciel.io | |
| Website | http://www.logiciel.io/ |
IPO Registrar
Maashitla Securities Pvt. Ltd.
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Logiciel Solutions IPO FAQs
What is Logiciel Solutions IPO?
It is an SME IPO worth ₹39.90 crores with a price band of ₹183 to ₹193 per share. The listing will be on the BSE SME.
When does the IPO open?
The IPO opens on November 28, 2025 and closes on December 2, 2025.
What is the investor quota?
QIB: 50%
NII: 15%
Retail: 35%
How to apply?
You can apply via ASBA using your bank account or through UPI with your stockbroker.
What is the lot size?
1,200 shares is the minimum lot size.
When is the allotment date?
December 3, 2025.
When is the listing date?
December 5, 2025.
Expert Comment
Logiciel Solutions enters the SME market with strong financials, consistent profit growth, and a clear focus on high-demand technology services such as AI/ML and cloud engineering.
With healthy margins and an asset-light model, the company shows long-term potential. Investors looking for a growth-oriented tech business may consider subscribing, especially with a long-term perspective.
