Logiciel Solutions IPO: Price, GMP, Analysis, And Details

Logiciel Solutions IPO- Company Analysis

Logiciel Solutions IPO under the SME IPO category is a book build issue of Rs. 39.90 Cr by Logiciel Solutions Ltd., and is an offshore software development and technology services company. These include:-

- Custom software development

- Artificial Intelligence and Machine Learning

- Cloud Engineering

- User Interface and User Experience Design (UI/UX)

- Mobile and Web Application Development

- API Development

- Engagement of Exclusive Engineering Teams

The company has become an organisation's long-term tech partner. With its hybrid model of management, the company has a central development centre in Ludhiana (Punjab) and has remote engineers in different parts of India. With an AI-driven product, the company uses tools and workflows, excellent engineering, and strong business practices to develop products throughout the digital world and complete Agile training.

Logiciel Solutions IPO Details

The Logiciel Solutions IPO date of opening is 28 November 2025, its initial public offering will end on 02 Dec, IPO allotment on Dec 03 and refund initiation on Dec 04, 2025.

The Rs. 39.90 crore new SME IPO comprises a combination of fresh issue of 0.17 crore shares (Rs. 32.70 Cr) and an offer for sale (OFS) of 0.03 crore shares (Rs. 7.20 Cr).

The Logiciel Solutions IPO listing date (expected) might be on Friday, Dec 05, 2025, and listing at the BSE and SME. 

The Logiciel Solutions IPO price band is Rs. 183 to Rs. 193.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Nov 28, 2025
IPO Closing Date	Dec 02, 2025
IPO Allotment Date	Dec 03, 2025
Refund Initiation	Dec 04, 2025
IPO Listing Date	Dec 05, 2025

 

Click to open demat account and apply for the IPO.

 

 

Company Financials

(Amount in Cr)

Particulars	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	27.40	12.98	8.57
Total Income	21.20	17.10	14.09
Profit After Tax	5.47	3.97	1.34
EBITDA	8.14	6.16	2.52
Net Worth	23.72	9.66	5.69
Reserves & Surplus	17.95	9.65	5.68
Total Borrowing	0.02	0.52	0.52

 

Cash Flows

(Amount in lac)

Net Cash Flow	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	(164.79)	(130.51)	225.31
Net Cash Flow Investing Activities	(428.12)	(141.56)	(87.54)
Net Cash Flow Financing Activities	805.84	(3.57)	(10.57)

Revenue Bifurcation

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Capital Expenditure on upgrading physical infrastructure. ~ Rs. 1.86 Cr.

• Investment in Human Resources and product development. ~ Rs. 15.28 Cr.

• Capital expenditure towards upgrading the IT infrastructure. ~ Rs. 4.17 Cr.

• Funding for business development and marketing activities. ~ Rs. 2.50 Cr.

• General corporate purposes. 

 

Listed Peers of Logiciel Solutions Ltd.

Company Name	Face Value (Rs. )	EPS (Rs. )	P/E Ratio (x)
Kody Technolab Limited	10	13.82	52.81
Systango Technologies Limited	10	16.18	14.94
Infobeans Technologies Limited	10	15.51	36.38

 

Valuation

KPI	Values
ROE	32.80%
ROCE	31.95%
Debt / Equity	0.00
RoNW	32.80%
PAT Margin	26.19%
EBITDA Margin	38.95%
Price to Book Value	4.70

 

 

 

Evaluation of P/E Ratio

Considering the period ended on FY 2025 with an EPS of Rs. 10 from the last year, the resulting P/E ratio is 19.3x.

Explore the Mother Nutri IPO.

IPO's Strengths 

• Established provider of offshore software.

• Operational experience of twelve years (from 2011).

• Incorporated AI to accelerate project delivery.

• Recurring revenue due to the dedicated team model.

• High customer loyalty (longest relationship 12+ years).

IPO’s Weaknesses

• The IT & SaaS industry is extremely competitive.

• Profitability is poor compared to the key players.

• Vulnerable to loss of major clients.

• Cyclical nature of the technology industry.

Logiciel Solutions IPO GMP (Grey Market Premium)

Logiciel Solutions IPO GMP today is Rs. 0 as of 25 Nov 2025 at the time of writing this information.

Logiciel Solutions IPO Summary

The Logiciel Solutions IPO has a market maker portion size of 1,03,800 Shares (Rs. 2 Cr).

IPO Opening & Closing Date	28 Nov, 2025 to 02 Dec, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 183 to Rs. 193 per Share.
Lot Size	600 Shares
Issue Size	20,67,600 Shares (Rs. 39.90 Cr)
Offer for Sale	3,73,200 Shares (Rs. 7.20 Cr)
Fresh Issue	16,94,400 Shares (Rs. 32.70 Cr)
Listing at	BSE, SME
Issue Type	Book build issue IPO
Registrar	Maashitla Securities Pvt. Ltd.

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (1200 Shares) for Rs. 2,31,600 and in multiples thereof, while for S-HNI investors, the minimum Lot is 3 (1800 Shares) for Rs. 3,47,400.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
S-HNI (Min)	3 Lots

 

Logiciel Solutions IPO Allotment Status

To check the Logiciel Solutions IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Logiciel Solutions Ltd.

• Mr. Umesh Sharma

• Mr. Ajay Sharma

• Mr. Prem Lal Sharma

• Mrs. Lateesh Sharma

Pre-Issue Promoter Shareholding	82.78%
Post-Issue Promoter Shareholding	59%

 

IPO Lead Managers

• Fintellectual Corporate Advisors Pvt. Ltd. 

Dividend Policy

The company has not declared a dividend during the last three financial years.

 

 

Conclusion

An opportunity to invest in a rapidly expanding IT services firm with robust profitability, solid margins, and strengthening financial fundamentals is presented by the Logiciel Solutions IPO. Despite operating in a competitive technology sector, the company's asset-light model, good return on equity, and expanding clientele boost its long-term development prospects.  

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.