Logiciel Solutions SME: Check IPO Date, Live Subscription and Key Details
Logiciel Solutions Ltd. is a trusted offshore software development partner specializing in building secure, scalable, and high-performance digital products for startups and scaling businesses. The company delivers a wide range of services, including Custom Software Development, Web & Mobile Apps, API Development, Infrastructure & Cloud Services, Big Data & Analytics, UI/UX Design, and Software Testing. Logiciel Solutions is actively integrating **Artificial Intelligence (AI)** into its development process for coding, testing, and project management. It has operational facilities in Noida and a BCP facility in Bangalore.
Price Range
₹183.0 - ₹193.0
Issue Size
₹37.9 Cr
Lot Size
600 shares
IPO Type
BSE SME
GMP
-
Est. Listing Price
₹193
Estimate Profit
-
Retail Portion
45.21%
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
9.52
P/E Ratio
20.27
RoNW
32.8%
ROE
32.8%
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Timeline
IPO Opens
28 Nov
IPO Closes
2 Dec
Allotment
3 Dec
Listing
5 Dec
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 28 November 2025 | Subscription starts |
| IPO Close Date | 2 December 2025 | Subscription ends |
| Allotment Date | 3 December 2025 | Allotment |
| Listing Date | 5 December 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,31,600 |
SHNI (Min) | 3 | ₹3,47,400 |
SHNI (Max) | 8 | ₹9,26,400 |
BHNIAbove ₹10,00,000 | 9 | ₹10,42,200 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 4.85% |
| NII (Non-Institutional Investor) | 44.92% |
| SHNI (Small Non-Institutional Investor) | 14.97% |
| BHNI (Big Non-Institutional Investor) | 29.95% |
| Retail | 45.21% |
| Market Maker | 5.02% |
| Total | 100.00% |
IPO Objectives
- Capital Expenditure on upgrading physical infrastructure (₹1.86 Cr).
- Investment in Human resources and Product Development (₹15.28 Cr).
- Capital expenditure towards upgrading IT infrastructure (₹4.17 Cr).
- Funding for business development and marketing activities (₹2.50 Cr).
- General corporate Purpose.
Strengths
- The company has expertise in building MVPs and future-ready solutions, focusing on startups and scaling businesses.
- It actively uses AI tools for software development, testing, and project management, enhancing efficiency and reducing costs.
- The business focuses on long-term client retention across web, mobile, and cloud technologies.
- Operational efficiency is achieved through rapid team onboarding and a global delivery model.
- The company shows strong financial performance, with revenue up 24% and PAT rising by 38% between FY24 and FY25, and maintains a high PAT margin of 25.80%.
Weaknesses
- There is high reliance on a few large clients, making the company vulnerable to client concentration risk and contract termination.
- The business has a high dependence on key personnel and a skilled workforce in a highly competitive IT job market.
- It has exposure to foreign exchange fluctuations, as a significant portion of revenue is likely generated from international clients.
- The software development market is highly competitive and rapidly evolving, requiring continuous investment in new technologies.
- The significant discrepancy between the provided RoNW in the peer table (32.8%) and the calculated RoNW (23.06%) raises concerns about the accuracy of the baseline data.
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Financial Performance
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 30.49 | 27.4 | 12.98 | 8.57 |
| Revenue (₹ Cr.) | 12.83 | 21.2 | 17.1 | 14.09 |
| PAT (₹ Cr.) | 3.56 | 5.47 | 3.97 | 1.34 |
| Net Worth (₹ Cr.) | 27.28 | 23.72 | 9.66 | 5.69 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Logiciel Solutions Ltd. | 4.7 | 20.27 | 32.8% | 27.28 |
| Kody Technolab Limited | 19.38 | 60.16 | 0% | 79.11 |
| Systango Technologies | 5.71 | 24.59 | 26.74% | 102 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0x | 0.02x | 1.32x |
| NII | 0.46x | 0.5x | 0.73x |
| S-HNI | 0.83x | 1.11x | 1.32x |
| B-HNI | 0.27x | 0.2x | 0.43x |
| RII | 1.65x | 2.6x | 3.43x |
| Total | 1x | 1.48x | 2.04x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 1,00,200 | 1,32,600 | 2.56 |
| NII | 9,28,800 | 6,73,800 | 13 |
| Small NII | 3,09,600 | 4,09,200 | 7.9 |
| Big NII | 6,19,200 | 2,64,600 | 5.11 |
| RII | 9,34,800 | 32,02,800 | 61.81 |
| Total | 19,63,800 | 40,09,200 | 77.38 |
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Company Details
- Logiciel Solutions Ltd.
- H.NO. 9-A, Main Road Sunder Nagar, Ludhiana, -141007
- +91-161-4600060
- cs@logiciel.io
- http://www.logiciel.io/
Registrar Details
- Maashitla Securities Pvt.Ltd.
- +91-11-45121795-96
- investor.ipo@maashitla.com
- https://maashitla.com/allotment-status/public-issues
Frequently Asked Questions
What is the Logiciel Solutions SME IPO issue period?
Logiciel Solutions SME IPO opens on 28th November 2025 and closes on 2nd December 2025. Apply within these dates through your broker or the BSE SME platform.
What is the price band and market lot for Logiciel Solutions SME IPO?
The price band is ₹183.00–₹193.00 per share and the market lot is 600 shares. Retail investors must apply for a minimum of 2 lots (1,200 shares).
How are shares reserved in the Logiciel Solutions IPO?
Reservation is split by investor category. Retail investors receive 45.21%, NIIs get 44.92%, QIBs get 4.85% and Market Makers receive 5.02% of the issue.
How can I apply for the Logiciel Solutions SME IPO on BSE SME?
Apply using your broker’s online IPO application (ASBA) or via trading platforms that support SME IPOs. Ensure your PAN and Demat details are linked and accurate before submitting.
When will allotment and listing happen for Logiciel Solutions SME IPO?
Tentative dates are: Basis of Allotment — 3rd Dec 2025; Refunds/Credit to Demat — 4th Dec 2025; Listing on BSE SME — 5th Dec 2025. Check the registrar’s website after allotment for final status.
What is GMP and should I rely on it for Logiciel listing expectations?
GMP (Grey Market Premium) is an unofficial indicator of demand. It is not guaranteed and should be used only as one of several signals — always cross-check company fundamentals and subscription data.
What financial metrics should I review before applying to a SME IPO like Logiciel?
Check revenue growth, PAT, EBITDA, net worth, margins and borrowing levels. For SME companies, also consider liquidity and post-listing tradability risks.
Are SME IPOs suitable for retail investors?
SME IPOs can offer growth potential but come with higher risk and lower liquidity than mainboard stocks. Retail investors should assess risk tolerance, holding horizon, and consult their broker or financial advisor.
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