Logiciel Solutions Limited is launching a ₹39.90 crore SME IPO — a combined fresh issue of 17,00,600 shares (₹32.70 crore) and offer for sale of 3,73,200 shares (₹7.20 crore). The offer opens on November 28, 2025 and closes on December 2, 2025, with allotment expected on December 3 and a proposed listing on BSE SME on December 5, 2025. The price band is ₹183 to ₹193 per share; the minimum retail application is 2 lots (1,200 shares) = ₹2,31,600 at upper band.
Logiciel Solutions IPO
SME Book‑built issue (Fresh + Offer)
UPCOMING IPOLogiciel Solutions Limited is launching a ₹39.90 crore SME IPO — a combined fresh issue of 17,00,600 shares (₹32.70 crore) and offer for sale of 3,73,200 shares (₹7.20 crore). The offer opens on November 28, 2025 and closes on December 2, 2025, with allotment expected on December 3 and a proposed listing on BSE SME on December 5, 2025. The price band is ₹183 to ₹193 per share; the minimum retail application is 2 lots (1,200 shares) = ₹2,31,600 at upper band.
| Face Value | ₹10 per share |
|---|---|
| Issue Price Band | ₹183 to ₹193 per share |
| Offer Structure | Fresh Issue + Offer for Sale (SME) |
| Total Shares | 20,67,600 shares (aggregating up to ₹39.90 Cr) |
| Reserved for Market Maker | 1,03,800 shares (₹2.00 Cr) |
| Fresh Issue (Ex Market Maker) | 15,90,600 shares (₹30.70 Cr) |
| Offer for Sale | 3,73,200 shares (₹7.20 Cr) |
| Net Offered to Public | 19,63,800 shares (aggregating up to ₹37.90 Cr) |
| Issue Type | Book‑building IPO (SME) |
| Listing | BSE SME |
| Shareholding (Pre / Post) | 57,73,500 / 74,67,900 shares |
| Lead Manager | Fintellectual Corporate Advisors Pvt. Ltd. |
| Registrar | Maashitla Securities Pvt. Ltd. |
| Investor Category | Shares Offered | Share % |
|---|---|---|
| Market Maker | 1,03,800 | 5.02% |
| QIB | 1,00,200 | 4.85% |
| NII (HNI) | 9,28,800 | 44.92% |
| Retail (RII) | 9,34,800 | 45.21% |
| Total | 20,67,600 | 100.00% |
| IPO Open | Fri, Nov 28, 2025 |
|---|---|
| IPO Close | Tue, Dec 2, 2025 |
| Allotment (Tentative) | Wed, Dec 3, 2025 |
| Initiation of Refunds | Thu, Dec 4, 2025 |
| Credit to Demat | Thu, Dec 4, 2025 |
| Listing (Tentative) | Fri, Dec 5, 2025 |
| UPI Mandate Cut‑off | 5 PM on Tue, Dec 2, 2025 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | ₹2,31,600 |
| 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 |
Amounts calculated at upper price band (₹193 per share).
Logiciel Solutions Ltd. (incorporated 2011) is an outsourced software development partner offering cloud engineering, AI/ML, UI/UX design and full‑stack product development for startups and enterprises. The company had 107 employees as of October 31, 2025 and serves clients across sectors such as home improvement, energy, marketing tech, real estate and retail.
Promoters
Mr. Umesh Sharma, Mr. Ajay Sharma, Mr. Prem Lal Sharma and Mrs. Lateesh Sharma.
FY2023 – FY2025 (₹ crore)
| Period Ended | Assets | Total Income | Profit After Tax | EBITDA | Net Worth | Reserves | Total Borrowing |
|---|---|---|---|---|---|---|---|
| 30 Sep 2025 | 30.49 | 12.83 | 3.56 | 5.03 | 27.28 | 21.50 | 0.00 |
| 31 Mar 2025 | 27.40 | 21.20 | 5.47 | 8.14 | 23.72 | 17.95 | 0.02 |
| 31 Mar 2024 | 12.98 | 17.10 | 3.97 | 6.16 | 9.66 | 9.65 | 0.52 |
Source: RHP/DRHP and IPO trackers. FY25 revenue +24% YoY; PAT +38% YoY.
| ROE | 32.80% |
|---|---|
| ROCE | 31.95% |
| RoNW | 32.80% |
| PAT Margin | 26.19% |
| EBITDA Margin | 38.95% |
| Price to Book Value | 4.70 |
| Market Capitalization | ₹144.13 Cr. |
| EPS (Pre/Post) | 9.48 / 9.52 |
| P/E (Pre/Post) | 20.35 / 20.27 |
| S.No | Objects of Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 for business development and marketing activities | 2.50 |
| 5 | General corporate purpose | TBA |
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/
Registrar: Maashitla Securities Pvt. Ltd. — Phone: +91-11-45121795-96 — Email: investor.ipo@maashitla.com
Lead Manager: Fintellectual Corporate Advisors Pvt. Ltd.
Analyst note: Logiciel Solutions shows strong margins and profitable growth, aided by low leverage. SME tech plays can reward long‑term investors but consider liquidity and valuation (P/B, P/E) before applying.
Refer to Logiciel Solutions DRHP/RHP for full disclosure. Figures are per company filings and IPO trackers; final allotment and listing numbers will be updated after allotment.