Logiciel Solutions IPO
Logiciel Solutions Ltd. is launching a book-built SME IPO of Rs. 36.30 crore, comprising a fresh issue of 17,00,000 equity shares (Rs. 32.70 crore) and an offer for sale of 1,81,000 equity shares (Rs. 3.60 crore).
The IPO opens on November 28, 2025 and closes on December 2, 2025. The allotment is expected on December 3, 2025, and the listing is tentatively scheduled for December 5, 2025 on BSE SME.
The price band is Rs. 183 to Rs. 193 per share. The lot size is 600 shares, but the minimum application for retail investors is 2 lots (1,200 shares), requiring an investment of Rs. 2,31,600 at the upper price band.
Lead Manager: Fintellectual Corporate Advisors Pvt. Ltd.
Registrar: Maashitla Securities Pvt. Ltd.
🕗 Last Update: 26 November 2025, 8.00 AM
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IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | November 28, 2025 (Friday) |
| IPO Close Date | December 2, 2025 (Tuesday) |
| Allotment Date | December 3, 2025 (Wednesday) |
| Refunds Initiation | December 4, 2025 (Thursday) |
| Credit to Demat | December 4, 2025 (Thursday) |
| Listing Date | December 5, 2025 (Friday) |
| UPI Mandate Cut-off | 5 PM, December 2, 2025 |
Final Subscription Status
Size: Rs. 36.30 crore (Closes 2 December 2025)
QIB – x | NII – x | RII – x | Total – x | Applications – [To be updated]
Subscription Review:
(To be updated on closing day)
IPO Details
| Particulars | Details |
|---|---|
| Face Value | Rs. 10 per share |
| Issue Price Band | Rs. 183 to Rs. 193 per share |
| Lot Size | 600 shares |
| Sale Type | Fresh Issue-cum-Offer for Sale |
| Total Issue Size | 18,81,000 shares (Rs. 36.30 crore) |
| Market Maker Portion | 1,03,800 shares (Rs. 2.00 crore) – Market Maker |
| Fresh Issue (ex MM) | 15,90,600 shares (Rs. 30.70 crore) |
| Offer for Sale | 1,86,600 shares (Rs. 3.60 crore) |
| Net Offer to Public | 17,77,200 shares (Rs. 34.30 crore) |
| Issue Type | Book-Build Issue |
| Listing At | BSE SME |
| Shareholding Pre-Issue | 57,73,500 shares |
| Shareholding Post-Issue | 74,67,900 shares |
Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50% of the Net Offer |
| Retail | Not more than 35% of the Net Offer |
| NII (HNI) | Not less than 15% of the Net Offer |
Application Details
| Application Category | Lots | Shares | Amount (Rs.) |
|---|---|---|---|
| Individual Investors (Retail) – Min | 2 | 1,200 | 2,31,600 |
| Individual Investors (Retail) – Max | 2 | 1,200 | 2,31,600 |
| S-HNI – Min | 3 | 1,800 | 3,47,400 |
| S-HNI – Max | 8 | 4,800 | 9,26,400 |
| B-HNI – Min | 9 | 5,400 | 10,42,200 |
Promoter Holding
| Particulars | Percentage |
|---|---|
| Promoter Holding Pre-Issue | 82.78% |
| Promoter Holding Post-Issue | 59.00% |
Promoters:Mr. Umesh Sharma, Mr. Ajay Sharma, Mr. Prem Lal Sharma and Mrs. Lateesh Sharma.
About Logiciel Solutions Ltd.
Logiciel Solutions Ltd. is an outsourced software development partner, delivering end-to-end custom technology solutions to startups and enterprises globally.
Core service lines include:
• Cloud engineering and infrastructure services
• AI & Machine Learning solutions
• Custom software and application development
• Big Data & Analytics
• UI/UX design
• Software testing & QA services
• MVP and mobile app development
The company caters to clients across sectors such as home improvement, energy, marketing tech, AI & software, real estate, and retail, with a focus on scalable, high-performance digital products.
Competitive Strengths
• Strong focus on startup and growth ventures
• AI-augmented software development capability
• Rapid team onboarding and scale-up model
• Operational cost efficiency for global clients
• Long-term client relationships and value expansion
Financial Snapshot (Rs. crore)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| 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 Borrowings | 0.02 | 0.52 | 0.52 |
(Amount in Rs. crore)
Key Performance Indicators
| KPI | Value |
|---|---|
| ROE | 32.80% |
| ROCE | 31.95% |
| Debt/Equity | 0.00 |
| RoNW | 32.80% |
| PAT Margin | 26.19% |
| EBITDA Margin | 38.95% |
| EPS (Pre-Issue) | Rs. 9.48 |
| EPS (Post-Issue) | Rs. 7.33 |
| P/E (Pre-Issue) | 20.35x |
| P/E (Post-Issue) | 26.33x |
| Price/Book Value | 4.70 |
| Market Cap | Rs. 144.13 crore |
Objects of the Issue (Rs. crore)
| S.No. | Objects of the Issue | Amount (Rs. crore) |
|---|---|---|
| 1 | Capital expenditure on upgrading physical infrastructure | 1.86 |
| 2 | Investment in human resources and product development | 15.28 |
| 3 | Capital expenditure towards upgrading IT infrastructure | 4.17 |
| 4 | Funding business development and marketing activities | 2.50 |
| 5 | General corporate purposes | – |
Company Contact
Logiciel Solutions Ltd.
H. No. 9-A, Main Road Sunder Nagar,
Ludhiana, Punjab – 141007
Phone: +91-161-4600060
Email: cs@logiciel.io
Website: www.logiciel.io
Registrar
Maashitla Securities Pvt. Ltd.
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Lead Manager
Fintellectual Corporate Advisors Pvt. Ltd.
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Disclaimer
This coverage is for informational and educational purposes. Chanakya Ni Pothi does not deal in Grey Market Premiums or recommend investments based on GMP data. Please consult your SEBI-registered investment advisor.
