Logiciel Solutions IPO is a book-built issue worth ₹39.90 crore, comprising a fresh issue of 0.17 crore shares amounting to ₹32.70 crore and an offer for sale of 0.04 crore shares totalling ₹7.20 crore.
The IPO opens for subscription on November 28, 2025, and will close on December 2, 2025. The allotment is scheduled to be finalised on December 3, 2025, and the shares are proposed to list on the BSE SME platform on December 5, 2025.
The price band for the Logiciel Solutions IPO is set between ₹183 and ₹193 per share. The lot size is 600 shares. Retail investors must invest a minimum of ₹2,31,600 (1,200 shares at the upper price band). For HNI investors, the minimum application size is three lots (1,800 shares), requiring an investment of ₹3,47,400.
Fintellectual Corporate Advisors Pvt. Ltd is the book-running lead manager, while Maashitla Securities Pvt. Ltd will act as the registrar to the issue. Prabhat Financial Services Ltd is appointed as the market maker for the IPO. Refer to Logiciel Solutions IPO RHP for complete details.
Logiciel Solutions IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- ₹185.83 lakh for capital expenditure to upgrade physical infrastructure.
- ₹1,527.55 lakh for investment in human resources through manpower hiring.
- ₹417.41 lakh for capital expenditure towards strengthening IT infrastructure.
- ₹250 lakh for funding business development and marketing activities.
- Remaining for general corporate purposes.
About Logiciel Solutions Limited
Logiciel Solutions Ltd is an established outsourced software development company that provides end-to-end custom software solutions for enterprises and startups across the globe. The company’s expertise includes Cloud Engineering, AI/ML, UI/UX Design, and Application Development, using advanced technologies to deliver high-performance digital products.
Since its establishment in 2011, Logiciel Solutions Ltd has evolved into a trusted offshore technology partner, supporting startups and expanding businesses in transforming ideas into scalable, secure, and high-performance digital platforms.
With over ten years of consistent delivery, the company specializes in building tailored and future-ready solutions across web, mobile, and cloud-native ecosystems.
Its primary development center in Ludhiana serves as the operational hub, accommodating the majority of its engineering and delivery teams.
Alongside this, Logiciel Solutions Ltd also employs a strategically distributed remote engineering workforce across India. This hybrid delivery model enables the company to maintain strong collaboration and quality oversight from its central hub while benefitting from a wider talent pool through remote contributors.
A key component of the company's growth strategy is its deliberate and practical adoption of Artificial Intelligence (AI). Understanding AI’s growing influence on software development, Logiciel Solutions Ltd is actively integrating AI-driven tools throughout its processes, from code generation and automated testing to UI/UX enhancement and intelligent project management.
While AI continues to evolve, the company is rapidly leveraging its potential to boost development speed, efficiency, and insights for clients.
Industry Outlook
- The global IT consulting services market is set for steady expansion, projected to grow at a 6.5% CAGR from 2023–2032, rising from USD 68.8 billion in 2022 to USD 88.01 billion by 2032.
- India continues to dominate as the preferred global offshoring hub, supported by delivery capabilities and rising adoption of emerging technologies, with IT spending in India expected to grow 11.1% in 2024 to US$ 138.6 billion.
- Rapid cloud adoption is transforming the industry, with India’s public cloud market expected to reach US$ 17.8 billion by 2027, potentially creating 14 million jobs and contributing US$ 380 billion to GDP by 2026.
How To Apply for the Logiciel Solutions IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Logiciel Solutions IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Logiciel Solutions IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Logiciel Solutions Limited
Registered office: H.NO. 9-A, Main Road Sunder Nagar, Ludhiana, Punjab - 141007, India.
Phone: +91-161-4600060
Email: cs@logiciel.io
Logiciel Solutions IPO Reservation
| Investor Category | Shares Offered |
| 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%) |
Logiciel Solutions IPO Lot Size Details
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 1,200 | ₹2,31,600 |
| Individual investors (Retail) (Max) | 2 | 1,200 | ₹2,31,600 |
| HNI (Min) | 3 | 1,800 | ₹3,47,400 |
Logiciel Solutions IPO Promoter Holding
Mr. Umesh Sharma, Mr. Ajay Sharma, Mr. Prem Lal Sharma and Mrs Lateesh Sharma are the company promoters.
| Share Holding Pre-Issue | 82.78% |
| Share Holding Post Issue  | 59% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Logiciel Solutions IPO
| KPI | Value (FY25) |
| RoCE (%) | 31.95 |
| RoE (%) | 32.80 |
| RoNW (%) | 32.80 |
| EBITDA Margin (%) | 38.95 |
Logiciel Solutions IPO Registrar and Lead Managers
Logiciel Solutions IPO Lead Managers
- Fintellectual Corporate Advisors Pvt Ltd
Registrar for Logiciel Solutions IPO
Maashitla Securities Pvt Ltd
- Phone: +91-11-45121795-96
- Email: investor.ipo@maashitla.com
Financial Performance of Logiciel Solutions Limited
| Particulars | Period ended Sept 30, 2025 | FY 2025 | FY 2024 | FY 2023 |
| Revenue from operations (₹ lakhs) | 1,271.88 | 2,090.55 | 1,693.62 | 1,392.10 |
| Adjusted EBITDA (₹ lakhs) | 503.36 | 814.24 | 616.42 | 251.86 |
| Current Ratio | 8.49 | 6.36 | 2.25 | 2.34 |
| Operating Cash Flow (₹ lakhs) | (75.03) | (164.79) | (130.51) | 225.31 |
| PAT (₹ lakhs) | 355.48 | 547.43 | 397.26 | 134.40 |
Logiciel Solutions Limited Peer Comparison
| Company Name | Basic EPS (₹) | P/E Ratio | RoNW (%) |
| Logiciel Solutions Limited | 10.00 | - | 32.80% |
| Kody Technolab Limited | 13.82 | 52.81 | 30.33% |
| Systango Technologies Limited | 16.18 | 14.94 | 26.26% |
| Infobeans Technologies Limited | 15.51 | 36.38 | 12.09% |
Strengths and Opportunities of Logiciel Solutions Limited
- High Client Retention driven by long-term partnerships, many lasting 5+ years and the longest running for 12 years, ensuring predictable, recurring monthly revenue.
- AI-Enabled Operational Efficiency, with tools like GitHub Copilot, Windsurf, Cursor, and Bolt improving development speed, quality, and reducing operational costs.
- End-to-End Service Portfolio covering product engineering, cloud, AI/ML, mobile apps, UI/UX, analytics, and platform development, enabling multi-industry delivery.
- Strong Product-Centric Expertise, especially in scaling MVPs into enterprise-grade platforms, making the company a preferred partner for tech-led startups and growth companies.
- Flexible Engagement Models (Dedicated Teams, Fixed Price, Time & Material) provide adaptability to diverse client needs and operational agility.
- Rising Demand for AI-Powered Solutions positions the company to capitalise on digital transformation trends as more businesses integrate AI into operations.
- Growing Opportunity in the U.S. Market, where focused sales efforts and proven client success stories can unlock mid-market and enterprise clients.
- Brand Building & Strategic Partnerships, including collaborations with fractional CTOs/CPOs and stronger content-driven marketing, can enhance visibility and help acquire high-value clients.
Risks and Threats of Logiciel Solutions Limited
- Revenue is moderately dependent on a few key clients, creating vulnerability if any major account reduces or withdraws business.
- Limited physical sales presence in the US restricts access to large enterprise clients and slows expansion in the biggest target market.
- Scaling go-to-market operations—sales, marketing, and partnerships—requires substantial upfront investment, impacting short-term profitability.
- The global software development industry remains highly competitive, with pricing pressure from both large IT firms and specialized niche players.
- Hiring and retaining skilled engineers, especially in AI and cloud technologies, is increasingly challenging and can affect delivery capacity.
- Economic slowdowns or budget cuts in key export markets like North America may lead to project delays, reduced deal sizes, or lower renewals.
- Rising expectations around data protection, cybersecurity, and compliance will require additional investment in certifications and governance systems.
- Rapid technological changes may require continuous upskilling and product evolution, increasing operational complexity and risk of capability gaps.
