Logiciel Solutions Ltd. (BSE SME)

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Logiciel Solutions

November 28, 2025 – December 2, 2025

Price ₹183 - ₹193
GMP Rumors * ₹0
Lot size 600
Issue size ₹39.90 cr
Allotment Dec 3, 2025
Listing Dec 5, 2025

DHRP/RHP
* info is indicative, not an investment advice.

Logiciel Solutions Subscription

Last updated on 01-Dec-2025 17:06:04

CategoryOfferedAppliedTimes
QIBs10020018000.02
HNIs9288005718000.62
bHNI6192002268000.37
sHNI3096003450001.11
Individual93480024300002.6
Total196380030036001.53
Application-Wise Breakup img
CategoryReservedAppliedTimes
HNIs (10L+)344400.12
HNIs (3-10L)1721620.94
Individual77920252.6
QIB Interest Cost Per Share (7 Days)
@7%
₹0		@8%
₹0		@9%
₹0		@10%
₹0		@11%
₹0		@12%
₹0

Logiciel Solutions Lot(s) Distribution

Category Lot(s) Qty Amount Reserved
INDIVIDUAL 2 1200 231600 779
sHNI 3 1800 347400 172
bHNI 9 5400 1042200 344

Logiciel Solutions Reservation

Category Shares Offered %
QIB 100200 4.85%
HNI 928800 44.92%
INDIVIDUAL 934800 45.21%
Market Maker 103800 5.02%
Total 2067600 100%

Logiciel Solutions About

IPO Details
Total Issue Size20,67,600 shares (aggregating up to 39.90 Cr)
Fresh Issue16,94,400 shares (aggregating up to 32.70 Cr)
Offer for Sale3,73,200 shares of 10 (aggregating up to 7.20 Cr)
Issue TypeBookbuilding IPO
Listing AtBSE SME
Share Holding Pre Issue57,73,500 shares
Share Holding Post Issue74,67,900 shares
Reserved for Market Maker1,03,800 shares (aggregating up to 2.00 Cr)
Market MakerPrabhat Financial Services Ltd.
Key Performance Indicators
KPISep-25Mar-25Mar-24
ROCE13.94%32.80%51.78%
RONW13.94%32.80%51.78%
EPS
(basic)		6.16107.95
P/E
Pre IPO		20.35
P/E
Post IPO		20.27
Financial Details In Crores
Period EndedSep-25Mar-25Mar-24Mar-23
Assets30.4927.412.988.57
Total Income12.8321.217.114.09
Profit After Tax3.565.473.971.34
EBITDA5.038.146.162.52
NET Worth27.2823.729.665.69
Reserves and Surplus21.517.959.655.68
Total Borrowing0.020.520.52
Peer Comparision (Valuation)
CompanyP/E (x)CMP*(₹)Face value (₹)
M/s Logiciel Solutions20.35 -10
Kody Technolab Limited52.81724.5510
Systango Technologies14.94310.4010
Infobeans Technologies36.38612.0010
Source: RHP,Sourced from Financial Results for financial year ended March 31, 2025. Current Market Price is taken as closing on November 14, 2025. calculated P/E Ratio by diving the Current Market Price on November 14, 2025 and EPS as on March 31, 2025. In the above peer comparison table, we have shown the P/E ratio of the IPO issuer company based on the pre-IPO valuation.

Peer Comparision (Financial Performance)
CompanyNAV/Share (₹)RoNW (%)EPS (Basic) (₹)
M/s Logiciel Solutions41.0932.810
Kody Technolab Limited62.0630.3313.82
Systango Technologies69.7426.2616.18
Infobeans Technologies136.3312.0915.51
Company Overview

Incorporated: July 2011
Industry: Custom Software Development & Technology Services

Logiciel Solution Limited is an outsourced technology development partner specializing in delivering end-to-end custom digital solutions for startups and enterprises worldwide. The company has built a strong reputation as an offshore software development partner, helping businesses turn ideas into secure, scalable, and high-performance digital platforms.

Core Competencies

Logiciel focuses on modern technologies and engineering excellence, offering expertise in:

  • Custom Software Development
  • Infrastructure & cloud Services
  • Big Data & Analytics
  • UI/UX Design
  • Software testing & QA Services
  • MVP Development
  • Mobile App Development
  • AI & Machine Learning

These capabilities enable the company to develop robust, future-ready digital products tailored to clients' business needs.

Objects of the Issue

Capital expenditure for upgrading physical infrastructure – ₹1.86 cr

Investment in human resources & product development – ₹15.28 cr

Upgrading IT infrastructure – ₹4.17 cr

Business development & marketing expansion – ₹2.50 cr

General corporate purposes

Strength

Strong Startup & Growth Expertise – Proven capability to build scalable digital platforms for early-stage companies.

AI-Augmented Software Development – Uses AI/ML to accelerate development and improve product performance.

Rapid Team Onboarding Ability – Quickly deploys skilled engineers for fast-scaling client requirements.

Weakness

Clear avoid as per some social media influencers 

High Client Concentration Risk – One customer contributes 50%+ revenue, making business vulnerable.

US-Market Dependence – A large share of revenue comes from the USA; any US downturn can impact performance.

Promoter Group Conflict – Promoter-related entities operate in similar businesses, creating potential conflict of interest.

Logiciel Solutions Lead Manager(s)

  1. Fintellectual Corporate Advisors Private Limited

Logiciel Solutions Address

Logiciel Solutions Ltd.
H.NO. 9-A,
Main Road Sunder Nagar
Ludhiana, Punjab, 141007
Phone: +91-161-4600060
Email: cs@logiciel.io
Website: http://www.logiciel.io/

Logiciel Solutions Registrar

Maashitla Securities Private Limited
Address: Maashitla Securities Private Limited 451, Krishna Apra Business Square Netaji Subhash Place Pitampura, Delhi, 110034

Logiciel Solutions Reviewers

Reviewer Recommendation File