Logiciel Solutions Ltd IPO: Complete Details, Dates, Price Band, Risks, Financials & Full Review

- November 27, 2025

Logiciel Solutions Ltd has launched its SME IPO, opening doors for investors who want exposure to a rapidly growing IT-services and AI-driven software engineering company. The IPO has gained interest because the company works with global clients, provides cloud-based solutions, and has shown consistent profit growth over the past three financial years.

This detailed guide covers every important aspect—IPO dates, price band, issue size, strengths, risks, financials, lot size, FAQs, and whether you should consider applying.

Let’s dive deep.

🔹 Logiciel Solutions Ltd IPO – Key Highlights

Detail	Information
IPO Type	SME IPO
Bidding Dates	28 Nov 2025 – 2 Dec 2025
Issue Size	₹39.90 Cr
Minimum Investment	₹2,19,600
Lot Size	600 shares
Price Band	₹183 – ₹193 per share
Tentative Allotment Date	03 Dec 2025
Tentative Listing Date	05 Dec 2025
Exchange	BSE – SME
Face Value	₹10 per share
Registrar	Masthuli Securities Pvt Ltd

📌 About Logiciel Solutions Ltd

Logiciel Solutions is an outsourced software development company that builds end-to-end custom tech solutions for startups, enterprises, and mid-sized businesses.

Their expertise includes:

Cloud engineering
AI & automation
Software development
Custom enterprise systems
Tools integration
Long-term maintenance and support

Founded: 2011
MD/CEO: Mr. Umesh Sharma
Parent Organisation: Logiciel Solutions Ltd

The company claims strong experience working with founders, CTOs, and global technology teams, offering cost-efficient and scalable software development.

📊 Strengths of Logiciel Solutions Ltd

The screenshots reveal several key positives:

1. Strong experience with tech founders and startup ecosystems

Logiciel has worked across MVP development to large-scale enterprise platform development.
It also offers:

Well-documented systems
Investor-readiness models
Strong tech maintenance frameworks
Long-term client retention ability

2. Early adopter of AI tools

The company uses:

Cursor
Microsoft Copilot
Windsurf
JIRA
ClickUp

Their AI-driven workflows help speed up development, debugging, forecasting, and documentation—reducing engineering hours and enhancing margins.

3. Ability to onboard dedicated teams within 1–2 weeks

This fast onboarding provides:

Quick project starts
Alignment in architecture and workflow
Better ramp-up time for clients

4. Cost-efficient delivery from India

Operating from India lets them:

Provide skilled tech teams at lower cost than U.S., U.K., Canada
Offer budget-friendly solutions
Extend long-term outsourcing partnerships

5. Stable long-term client relationships

Some partnerships have lasted more than 12 years, a strong indicator of:

Repeat business
Customer trust
Predictable revenue

6. Strong revenue and profit growth

As per the provided financial chart:

Financial Year	Revenue (₹ Cr)	Profit (₹ Cr)
FY23	11.27	—
FY24	—	10.88
FY25	—	38.89

Profit after tax has grown consistently—from ₹13.47 Cr → ₹19.64 Cr → ₹25.05 Cr (as mentioned in summarized strengths section).
This is a strong indicator of business scalability.

⚠️ Risks of Logiciel Solutions Ltd IPO

Your screenshots show multiple risk flags. Here are the main concerns:

1. Heavy dependence on top customers

One customer accounted for:

56.13% of revenue (FY25)
30.28% of revenue (FY24)
28.27% of revenue (FY23)

Losing this client can majorly impact revenue.

2. Industry concentration risk

The company earns a significant portion from home improvement & construction industry software.

Revenue share from this segment:

₹7.63 Cr in FY25
₹14.16 Cr in FY24
₹11.81 Cr in FY23

Any slowdown in this sector may affect revenue consistency.

3. Negative operating cash flow

Operating cash flow was:

–₹0.75 Cr (FY25)
–₹0.30 Cr (FY24)
₹1.85 Cr (FY23)

Cash flow from investing:

–₹3.44 Cr (FY25)
–₹0.28 Cr (FY24)

Negative cash flow is a caution for investors.

4. Employee benefits are a major expense

Employee cost share:

60.47% of total income (FY25)
70.12% (FY24)
80% (FY23)

High dependency on tech talent = high cost burden.

5. Ongoing tax proceedings

Promoters are involved in some ongoing litigations, which could affect the company’s future financial health.

💰 Logiciel Solutions IPO Financial Snapshot

Revenue

FY23: ₹11.27 Cr
FY24: —
FY25: —

Profit (PAT)

FY24: ₹10.88 Cr
FY25: ₹38.89 Cr

Total Assets

FY23, FY24, FY25 assets shown increasing in the graphic. (Exact values not provided in screenshot.)

Overall, the company demonstrates strong profit growth but moderate revenue concentration risk.

📝 Logiciel Solutions IPO – Application Details

Category	Price Band	Apply Range	Lot Size
Individual Investor	₹183 – ₹193	₹2–5 Lakh	600 shares

Minimum order quantity: 1200 shares (as per FAQ info)
But the Groww screenshot mentions 600 shares—this might mean:

600 shares per lot
1200 shares = 2 lots minimum for retail?

(We use the screenshot’s clearer detail: 600 shares per lot)

⭐ Should You Apply for Logiciel Solutions IPO? (Expert-style Breakdown)

👍 Reasons to consider applying

Strong profit growth
Long-term client relationships (10+ years)
AI-driven development model enhances cost efficiency
Operating from India gives margin advantage
Quick onboarding capabilities appeal to global clients
Exposure to a fast-growing IT & cloud engineering industry

👎 Reasons to be cautious

Revenue heavily dependent on one client
Sector concentration in home improvement industry
Negative operating cash flow
Employee expenses extremely high
Involvement in tax-related proceedings
SME IPOs are riskier with low liquidity

Overall Verdict

Logiciel Solutions Ltd is a promising but high-risk, high-reward SME IPO.
Investors with higher risk appetite looking for tech-focused SME exposure may consider applying.

Conservative investors should evaluate carefully due to cash flow issues and client dependency.

❓ Top Logiciel Solutions IPO FAQs

1. What is the issue size of Logiciel Solutions Ltd IPO?

The total issue size is ₹39,90,00,000.

2. What is pre-apply for this IPO?

You can pre-apply up to 4 days before the subscription opening date.

3. If I pre-apply, when will my order be placed?

Your order will be placed automatically when bidding opens.
You’ll receive a UPI request within 24 hours.

4. When will I know if my order is placed?

Once the order is submitted to the exchange, Groww will notify you.

5. What are the IPO open and close dates?

28 November 2025 – 02 December 2025

6. What is the lot size?

600 shares per lot

7. What is the allotment date?

03 December 2025

8. Where will the IPO be listed?

On BSE SME.

9. Who is the registrar?

Masthuli Securities Pvt Ltd.
You can check allotment status on their website.

📦 Final Thoughts

Logiciel Solutions Ltd is an emerging IT services company with solid profit growth and AI-integrated development workflows. While the business shows promise, investors should weigh it against risks like high customer dependency and cash flow concerns.

If you’re a growth-oriented investor comfortable with SME risks, this IPO may be worth considering.

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