Logiciel Solutions IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Nov 28 to Dec 02 2025
Price Band
₹183 - 193
Current GMP
₹154.4 (-20%)
Subscription
2.04 times
IPO Details
| IPO Date | November 28, 2025 to December 2, 2025 |
| Listing Date | December 5, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹183 to ₹193 per share |
| Issue Price Final | ₹193 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 20,67,600 shares (aggregating up to ₹39.90 Cr) |
| Reserved for Market Maker | 1,03,800 shares (aggregating up to ₹2.00 Cr)Prabhat Financial Services Ltd. |
| Fresh Issue (Ex Market Maker) | 15,90,600 shares (aggregating up to ₹30.70 Cr) |
| Offer for Sale | 3,73,200 shares of ₹10 (aggregating up to ₹7.20 Cr) |
| Net Offered to Public | 19,63,800 shares (aggregating up to ₹37.90 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 57,73,500 shares |
| Share Holding Post Issue | 74,67,900 shares |
IPO Date
November 28, 2025 to December 2, 2025
Listing Date
December 5, 2025
Face Value
₹10 per share
Issue Price Band
₹183 to ₹193 per share
Issue Price Final
₹193 per share
Lot Size
600 Shares
Sale Type
Fresh Capital-cum-Offer for Sale
Total Issue Size
20,67,600 shares (aggregating up to ₹39.90 Cr)
Reserved for Market Maker
1,03,800 shares (aggregating up to ₹2.00 Cr)Prabhat Financial Services Ltd.
Fresh Issue (Ex Market Maker)
15,90,600 shares (aggregating up to ₹30.70 Cr)
Offer for Sale
3,73,200 shares of ₹10 (aggregating up to ₹7.20 Cr)
Net Offered to Public
19,63,800 shares (aggregating up to ₹37.90 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Share Holding Pre Issue
57,73,500 shares
Share Holding Post Issue
74,67,900 shares
IPO Subscription Details
| Market Maker | 1 |
| QIB (Ex Anchor) | 1.32 |
| Non-Institutional Buyers*** | 0.73 |
| bNII (bids above ₹10L) | 0.43 |
| sNII (bids below ₹10L) | 1.32 |
| Individual Investors (IND category bidding for 2 Lots) | 3.43 |
| Total ** | 2.04 |
Market Maker
1
QIB (Ex Anchor)
1.32
Non-Institutional Buyers***
0.73
bNII (bids above ₹10L)
0.43
sNII (bids below ₹10L)
1.32
Individual Investors (IND category bidding for 2 Lots)
3.43
Total **
2.04
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Nov 28, 2025 | 0.00 | 0.46 | 0.27 | 0.83 | 1.65 | 1.00 |
| Day 2 Dec 1, 2025 | 0.02 | 0.50 | 0.20 | 1.11 | 2.60 | 1.48 |
| Day 3 Dec 2, 2025 | 1.32 | 0.73 | 0.43 | 1.32 | 3.43 | 2.04 |
DayDay 1
Nov 28, 2025
QIB (Ex Anchor)0.00
NII*0.46
NII (> ₹10L)0.27
NII (< ₹10L)0.83
Individual Investors1.65
Total1.00
DayDay 2
Dec 1, 2025
QIB (Ex Anchor)0.02
NII*0.50
NII (> ₹10L)0.20
NII (< ₹10L)1.11
Individual Investors2.60
Total1.48
DayDay 3
Dec 2, 2025
QIB (Ex Anchor)1.32
NII*0.73
NII (> ₹10L)0.43
NII (< ₹10L)1.32
Individual Investors3.43
Total2.04
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 05-12-2025 | 193.00 | 0(0.00%) | 193 |
| 04-12-2025 | 193.00 | 0(0.00%) | 193 |
| 03-12-2025 | 193.00 | 0(0.00%) | 193 |
| 02-12-2025 | 193.00 | 0(0.00%) | 193 |
| 01-12-2025 | 193.00 | 0(0.00%) | 193 |
| 30-11-2025 | 193.00 | 0(0.00%) | 193 |
| 29-11-2025 | 193.00 | 0(0.00%) | 193 |
| 28-11-2025 | 193.00 | 0(0.00%) | 193 |
| 27-11-2025 | 193.00 | 40(20.73%) | 233 |
| 26-11-2025 | 193.00 | 0(0.00%) | 193 |
| 25-11-2025 | 193.00 | 0(%) | (%) |
Date05-12-2025
Price193.00
GMP0(0.00%)
Estimate List Price193
Date04-12-2025
Price193.00
GMP0(0.00%)
Estimate List Price193
Date03-12-2025
Price193.00
GMP0(0.00%)
Estimate List Price193
Date02-12-2025
Price193.00
GMP0(0.00%)
Estimate List Price193
Date01-12-2025
Price193.00
GMP0(0.00%)
Estimate List Price193
Date30-11-2025
Price193.00
GMP0(0.00%)
Estimate List Price193
Date29-11-2025
Price193.00
GMP0(0.00%)
Estimate List Price193
Date28-11-2025
Price193.00
GMP0(0.00%)
Estimate List Price193
Date27-11-2025
Price193.00
GMP40(20.73%)
Estimate List Price233
Date26-11-2025
Price193.00
GMP0(0.00%)
Estimate List Price193
Date25-11-2025
Price193.00
GMP0(%)
Estimate List Price(%)
IPO Important Dates
| IPO Open Date | Fri, Nov 28, 2025 |
| IPO Close Date | Tue, Dec 2, 2025 |
| Tentative Allotment | Wed, Dec 3, 2025 |
| Initiation of Refunds | Thu, Dec 4, 2025 |
| Credit of Shares to Demat | Thu, Dec 4, 2025 |
| Tentative Listing Date | Fri, Dec 5, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Dec 2, 2025 |
IPO Open Date
Fri, Nov 28, 2025
IPO Close Date
Tue, Dec 2, 2025
Tentative Allotment
Wed, Dec 3, 2025
Initiation of Refunds
Thu, Dec 4, 2025
Credit of Shares to Demat
Thu, Dec 4, 2025
Tentative Listing Date
Fri, Dec 5, 2025
Cut-off time for UPI mandate confirmation
5 PM on Tue, Dec 2, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| 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 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares1,200
Amount₹2,31,600
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares1,200
Amount₹2,31,600
ApplicationS-HNI (Min)
Lots3
Shares1,800
Amount₹3,47,400
ApplicationS-HNI (Max)
Lots8
Shares4,800
Amount₹9,26,400
ApplicationB-HNI (Min)
Lots9
Shares5,400
Amount₹10,42,200
Financial Information
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 30.49 | 27.40 | 12.98 |
| Total Income | 12.83 | 21.20 | 17.10 |
| Profit After Tax | 3.56 | 5.47 | 3.97 |
| EBITDA | 5.03 | 8.14 | 6.16 |
| NET Worth | 27.28 | 23.72 | 9.66 |
| Reserves and Surplus | 21.50 | 17.95 | 9.65 |
| Total Borrowing | 0.02 | 0.52 |
Period EndedAssets
30 Sep 202530.49
31 Mar 202527.40
31 Mar 202412.98
Period EndedTotal Income
30 Sep 202512.83
31 Mar 202521.20
31 Mar 202417.10
Period EndedProfit After Tax
30 Sep 20253.56
31 Mar 20255.47
31 Mar 20243.97
Period EndedEBITDA
30 Sep 20255.03
31 Mar 20258.14
31 Mar 20246.16
Period EndedNET Worth
30 Sep 202527.28
31 Mar 202523.72
31 Mar 20249.66
Period EndedReserves and Surplus
30 Sep 202521.50
31 Mar 202517.95
31 Mar 20249.65
Period EndedTotal Borrowing
30 Sep 2025
31 Mar 20250.02
31 Mar 20240.52
Key Performance Indicator
| ROE | 32.8 |
| ROCE | 31.95 |
| Debt/Equity | 0 |
| RoNW | 32.8 |
| PAT Margin | 26.19 |
| EBITDA Margin | 38.95 |
| Price to Book Value | 4.7 |
| Market Capitalization | 144.13 |
ROE
32.8
ROCE
31.95
Debt/Equity
0
RoNW
32.8
PAT Margin
26.19
EBITDA Margin
38.95
Price to Book Value
4.7
Market Capitalization
144.13
Peers Comparison
| Company Name | EPS (Basic) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|
| M/s Logiciel Solutions | 10.00 | 41.09 | 32.80 | ||
| Kody Technolab Limited | 13.82 | 62.06 | 52.81 | 30.33 | 11.68 |
| Systango Technologies | 16.18 | 69.74 | 14.94 | 26.26 | 4.49 |
| Infobeans Technologies | 15.51 | 136.33 | 36.38 | 12.09 | 4.50 |
Company NameM/s Logiciel Solutions
EPS (Basic)10.00
NAV (per share) (Rs)41.09
P/E (x)
RoNW (%)32.80
P/BV Ratio
Company NameKody Technolab Limited
EPS (Basic)13.82
NAV (per share) (Rs)62.06
P/E (x)52.81
RoNW (%)30.33
P/BV Ratio11.68
Company NameSystango Technologies
EPS (Basic)16.18
NAV (per share) (Rs)69.74
P/E (x)14.94
RoNW (%)26.26
P/BV Ratio4.49
Company NameInfobeans Technologies
EPS (Basic)15.51
NAV (per share) (Rs)136.33
P/E (x)36.38
RoNW (%)12.09
P/BV Ratio4.50
IPO Reservation
| Market Maker Shares Offered | 1,03,800 (5.02%) |
| QIB Shares Offered | 1,00,200 (4.85%) |
| NII (HNI) Shares Offered | 9,28,800 (44.92%) |
| − bNII > ₹10L | 6,19,200 (29.95%) |
| − sNII < ₹10L | 3,09,600 (14.97%) |
| Retail Shares Offered | 9,34,800 (45.21%) |
| Total Shares Offered | 20,67,600 (100.00%) |
Market Maker Shares Offered
1,03,800 (5.02%)
QIB Shares Offered
1,00,200 (4.85%)
NII (HNI) Shares Offered
9,28,800 (44.92%)
− bNII > ₹10L
6,19,200 (29.95%)
− sNII < ₹10L
3,09,600 (14.97%)
Retail Shares Offered
9,34,800 (45.21%)
Total Shares Offered
20,67,600 (100.00%)
Information about company
Incorporated in July 2011, Logiciel Solution Limited is an outsourced software development partner, delivering end-to-end custom technology solutions to startups and enterprises around the world.
The company has established itself as an offshore software partner, assisting startups and businesses in transforming their ideas into scalable, secure, and high-performance digital platforms.
Its core competencies include Cloud Engineering, AI/ML, UI/UX Design, and Application Development, utilising cutting-edge technologies to build scalable, high-performance digital products. The company offers a comprehensive suite of services tailored to support startups and growing businesses at every stage of their journey.
Custom Software Development
Infrastructure & cloud Services
Big Data & Analytics
UI/UX Design
Software testing & QA Services
MVP Development
Mobile App Development
AI & Machine Learning
The company serves customers across home improvement, energy, marketing tech, AI & software development, real estate, retail, etc.
As on October 31 , 2025, the company employs 107 people in various departments.
Competitive Strengths
Startup & Growth Venture Expertise
AI-Augmented Software Development
Rapid Team Onboarding
Operational Cost Efficiency
Long-Term Client Retention & Value Expansion
Objectives of IPO
The Company Logiciel Solutions IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Capital Expenditure on upgrading physical infrastructure
1.86
2
Investment in Human Resources through Manpower hiring
15.28
3
Capital expenditure towards upgrading IT infrastructure.
4.17
4
Funding for business development and marketing activities
2.50
5
General corporate Purpose
4.87
Disclaimer
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