In 2025, India’s SME IPO space continues to attract strong investor interest, especially from high-growth tech businesses. One such company is Logiciel Solutions Limited, an outsourced software development partner catering to global startups and enterprises. The IPO opens on November 28, 2025.
Here is a complete breakdown of the company, its IPO details, and financial performance.
About Logiciel Solutions Ltd.
Incorporated as a technology solutions provider, Logiciel Solutions specialises in delivering custom software development, AI/ML-based solutions, cloud engineering, UI and UX design, and end-to-end product development.
Its offerings include:
- Custom software development
- Infrastructure and cloud services
- Big data and analytics solutions
- UI and UX design
- Software testing and QA
- MVP development
- Mobile application development
- AI and machine learning solutions
Logiciel serves clients across industries such as home improvement, real estate, energy, marketing tech, software development, and retail.
Competitive Strengths:
- Deep expertise in startup and growth ventures
- AI augmented software development
- Strong client retention
- Rapid project and team scalability
- Cost-efficient operations
Promoters include Umesh Sharma, Ajay Sharma, Prem Lal Sharma, and Lateesh Sharma.
Logiciel Solutions IPO Details
Logiciel Solutions is launching a book-building issue worth ₹36.30 crore. The IPO includes both fresh equity and an offer for sale.
Important IPO Timeline
| Event | Date |
| IPO Open Date | November 28, 2025 |
| IPO Close Date | December 2, 2025 |
| Allotment Date (Tentative) | December 3, 2025 |
| Initiation of Refunds | December 4, 2025 |
| Credit of Shares to Demat | December 4, 2025 |
| Listing Date (Tentative) | December 5, 2025 |
| Cut off time for UPI confirmation | 5 PM on December 2, 2025 |
Key IPO Details
| IPO Date | November 28, 2025, to December 2, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹183 to ₹193 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 18,81,000 shares (aggregating up to ₹36.30 Cr) |
| Reserved for Market Maker | 1,03,800 shares (aggregating up to ₹2.00 Cr) |
| Fresh Issue (Ex Market Maker) |
15,90,600 shares (aggregating up to ₹30.70 Cr) |
| Offer for Sale | 1,86,600 shares of ₹10 (aggregating up to ₹3.60 Cr) |
| Net Offered to Public | 17,77,200 shares (aggregating up to ₹34.30 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 57,73,500 shares |
| Shareholding Post Issue | 74,67,900 shares |
| Book Running Lead Manager | Fintellectual Corporate Advisors Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. |
Logiciel Solutions IPO Reservation
| Investor Category | Shares Offered |
| QIB | Not more than 50% of the net offer |
| Retail | Not more than 35% of the net offer |
| NII | Not less than 15% of the net offer |
Logiciel Solutions IPO Lot Size
| 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 |
Logiciel Solutions IPO Promoter Holding
| Category | Percentage |
| Promoter Holding Pre Issue | 82.78% |
| Promoter Holding Post Issue | 59% |
Logiciel Solutions Ltd. Financials
Key Company Financials (₹ 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 Borrowing | 0.02 | 0.52 | 0.52 |
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% |
| Price to Book Value | 4.70 |
| Market Capitalisation | ₹144.13 Cr |
Pre and Post IPO Valuations
| Valuation Metric | Pre IPO | Post IPO |
| EPS (₹) | 9.48 | 7.33 |
| P/E Ratio (x) | 20.35 | 26.33 |
Objects of the Issue
| S.No. | Objects of the Issue | Expected Amount (₹ Cr) |
| 1 | Capital expenditure on upgrading physical infrastructure | 1.86 |
| 2 | Investment in human resources and product development | 15.28 |
| 3 | Upgrading IT infrastructure | 4.17 |
| 4 | Funding business development and marketing | 2.50 |
| 5 | General corporate purposes | Balance |
Logiciel Solutions Ltd.: Industry Outlook
Logiciel Solutions operates in the rapidly expanding software development and digital transformation industry. Demand for AI-enabled systems, cloud native applications, advanced analytics, and outsourced development teams continues to rise globally.
Growth is supported by:
- Increased adoption of AI and ML in businesses
- Rising outsourcing by startups and global enterprises
- Expansion of cloud-based platforms
- Need for cost-efficient full-stack development partners
Logiciel’s focus on AI augmented development and deep startup expertise positions it well in this competitive market.
Logiciel Solutions IPO: Peer Comparison
Logiciel Solutions IPO can be compared with peers like Tata Elxsi Ltd, KPIT Technologies Ltd, Cyient Ltd, Persistent Systems Ltd, Coforge Ltd, and Affle India Ltd. Exploring these companies helps investors understand Logiciel Solutions’ competitive positioning within the technology and IT services landscape, while also creating context on valuation, growth potential, and industry dynamics.
People Also Read:
- Exato Technologies IPO Opens: Key Details Investors Shouldn’t Miss
- Purple Wave Infocom IPO Opens: Key Details Investors Shouldn’t Miss
- Mother Nutri Foods IPO Opens: Key Details Investors Shouldn’t Miss
- K K Silk Mills IPO Opens: Key Details Investors Shouldn’t Miss
- SSMD Agrotech India IPO Opens: Key Details Investors Shouldn’t Miss
Conclusion
Logiciel Solutions offers an investment opportunity in a high-margin, asset-light technology business with zero debt and strong return ratios. The company has delivered consistent revenue growth, healthy profitability, and expanding capability in high-demand areas such as AI/ML and cloud engineering.
However, investors should evaluate factors such as SME listing risks, client concentration typical to tech service companies, and post IPO valuations before making a decision.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
